LNG

EU sanctions target Russian gas for the first time

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas. The package…

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Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows

MOSCOW, (Reuters) - Russia is diverting China-bound cargoes of liquefied natural gas (LNG) on a longer route via the Cape of Good Hope due to the heightened risk of attacks…

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Global LNG demand seen rising in 2024 from China, Europe – TotalEnergies exec says

KUALA LUMPUR, Feb 28 (Reuters) - Global liquefied natural gas (LNG) demand continues to grow in 2024 with top buyer China back in the market and consumption in Europe rising,…

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EU’s Simson calls for phase-out of imports of Russian LNG

WARSAW, Sept 14 (Reuters) - The European Union must reduce Russian liquefied natural gas (LNG) exports and aim to phase them out completely, EU Energy Commissioner Kadri Simson said on…

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EU has no immediate plans to ban Russian LNG, says Spain’s Ribera

By Julia Payne BRUSSELS, (Reuters) - The European Union has no short-term plan to ban Russian liquefied natural gas (LNG) despite soaring imports to the bloc, Spain's energy minister said,…

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Italy energy minister sees LNG terminals covering 50% of gas needs

ROME, June 28 (Reuters) - Italy's Environment and Energy Minister Gilberto Pichetto Fratin said on Wednesday that deliveries by ship of liquefied natural gas (LNG) were a reliable source of…

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Global gas markets rebalancing, to remain tight in 2023- IEA

By Marwa Rashad LONDON, May 4 (Reuters) - Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe,…

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European LNG demand to fuel competition with Asia in next two years -Shell

LONDON, Feb 16 (Reuters) - Europe’s increased need for liquefied natural gas (LNG) will fuel competition with Asia for the seaborne fuel over the next two years because global supply…

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With years of high prices ahead, LNG buyers covet long-term deals

Term contracts sought to avoid spot market volatility -buyers Supply relief not seen until 2026 with new U.S., Qatar volumes India, Bangladesh buyers eye more from Qatar, Australia, Brunei By…

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Easing prices revive LNG interest from Asia’s emerging gas markets

SINGAPORE (Reuters) - Energy companies in Asian emerging markets are returning to the market for liquefied natural gas (LNG) cargoes as prices have fallen to their lowest in more than…

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EU launches global LNG reference price as gas cap looms

By Kate Abnett BRUSSELS, Feb 2 (Reuters) - European Union regulators have launched a new reference price for liquefied natural gas (LNG), as part of plans to cap benchmark gas…

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Global LNG volumes hit record high as Europe crowds out poorer Asia: Russell

The opinions expressed here are those of the author, a columnist for Reuters. By Clyde Russell LAUNCESTON, Australia, (Reuters) - The world imported more liquefied natural gas (LNG) in 2022…

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LNG ships play waiting game off Spain’s coast as higher prices eyed

MADRID/LONDON, (Reuters) - Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in…

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Italy to approve new LNG terminal this week

FLORENCE, (Reuters) - A state-appointed commissioner said on Friday he would give the go-ahead for Italy's new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino at the…

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Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they…

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China halts LNG sales to foreign buyers to ensure own supply – Bloomberg News

Oct 17 (Reuters) - China has asked its state-owned gas importers to stop reselling liquefied natural gas (LNG) to buyers in Europe and Asia as it seeks to ensure its…

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Snam buys floating LNG unit from Golar to improve Italy’s energy security

MILAN, June 1 (Reuters) - Italy's Snam has agreed to acquire a 5 billion cubic metre floating LNG regasification terminal (FSRU) from Golar LNG and expects to finalise talks for a similar one by…

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High gas prices, energy security fears impede decarbonisation push

DAEGU, South Korea, (Reuters) - Energy security has become a top priority for importers as forecasts of tighter gas supplies and volatile prices in the next few years are keeping buyers on…

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Global LNG markets sail into the unknown ahead of winter

Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and an unclear demand outlook from Europe and top importer China in the run-up…

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Germany weighs leasing additional floating LNG terminal -source

BERLIN, April 14 (Reuters) - Germany has signed contracts to lease three floating liquefied natural (LNG) gas terminals and is considering getting a fourth to more quickly reduce dependence on Russia for…

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FACTBOX – U.S, EU strike LNG deal to help wean Europe off Russian gas

BRUSSELS, March 25 (Reuters) - U.S. President Joe Biden announced a deal on Friday to supply the European Union with more liquefied natural gas to help wean it off Russian supplies and…

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Italy eyeing two floating LNG plants to cut Russia gas reliance

Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's…

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LNG trade grew 6% to 380 mln tonnes in 2021 amid gas price volatility -Shell

LONDON, Feb 21 (Reuters) - Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the…

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EXPLAINER – Could more LNG supplies get to Europe in the event of a crisis?

The United States, the world's top natural gas producer, is in talks with major energy-producing countries and companies over a potential diversion of liquefied natural gas (LNG) to Europe if…

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Record gas prices slow LNG investment in Asia

Some of the world's biggest importers of liquefied natural gas (LNG) are reducing orders in the face of a 500% price surge within a year, raising concerns among major producers…

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What’s behind the wild surges in global LNG prices and the risks ahead

In less than a year and a half, liquefied natural gas (LNG) prices have lurched from record lows to record highs, with the market first reeling from the impact of…

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LNG trade rises to record in 2020 but growth slowed by COVID-19 -IGU

Global liquefied natural gas (LNG) trade volumes rose to a record last year led by Asia, though growth was marginal as demand was slammed by coronavirus-induced restrictions, according to a…

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Suez ship congestion could delay 10 LNG deliveries to Europe

Dislodging a container ship blocking the Suez Canal, one the world’s busiest trade routes, may delay delivery to Europe of around 1 million tonnes of liquefied natural gas (LNG) on…

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India to be biggest driver of global energy demand growth in next two decades -IEA

NEW DELHI, Feb 9 (Reuters) - India will be the main driver of rising demand for energy over the next two decades, accounting for 25% of global growth, and is…

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Asia’s December LNG imports hit record high as cold bites, China leads

Asia's imports of liquefied natural gas (LNG) rose to a record high in December led by China and Japan, shiptracking data showed, as a cold spell in some parts of…

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LNG tanker rates soar as Asian gas demand spikes

Tanker rates to carry liquefied natural gas (LNG) surged 15%-35% over the past week to more than $150,000 a day, as Asia's recovering economies and strong demand during the peak…

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LNG tanker rates at 14-month high as traders snap up ships for Asia

Freight rates to ship liquefied natural gas (LNG) have risen to their highest in more than a year as traders snap up vessels to meet Asia's increased appetite for gas…

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China on course for record LNG imports as industries recover, expand

China's imports of liquefied natural gas will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand.…

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Global LNG demand to rise for next few decades, COVID a temporary blip -industry

Demand for liquefied natural gas (LNG) is set to increase steadily for several decades helped by economic growth in Asia, industry executives told the Gastech summit this week, with the…

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