LNG Journal

bp has initiated gas flow at its GTA Phase 1 LNG project offshore Mauritania and Senegal, marking a significant milestone in African LNG development. The project, utilizing FPSO and FLNG technology, will produce 2.3 million tonnes annually, contributing to Africa's rapidly expanding FLNG export capacity which has grown nearly sixfold since 2018.

Venture Global's Plaquemines LNG terminal sent off its first export to Germany, showcasing rapid construction but facing controversy over its commissioning practices. The project highlights America's LNG leadership while revealing tensions between the developer and major customers over extended commissioning periods and spot market sales.

The European Commission has approved €4.06 billion in German state aid for four floating LNG terminals operated by Deutsche Energieterminal. The facilities in Brunsbüttel, Wilhelmshaven, and Stade will serve as an interim solution until permanent land-based terminals are completed, helping secure Germany's gas supply following Russian delivery disruptions.

𝑻𝒉𝒆 𝒍𝒂𝒕𝒆𝒔𝒕 𝒐𝒏 𝑳𝑵𝑮 𝑺𝒉𝒊𝒑𝒑𝒊𝒏𝒈 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒊𝒔𝒔𝒖𝒆 𝒐𝒇 𝑳𝑵𝑮 𝑺𝒉𝒊𝒑𝒑𝒊𝒏𝒈 𝑵𝒆𝒘𝒔 𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒅 𝑨𝒓𝒕𝒊𝒄𝒍𝒆: Weak demand impacts Asian gas prices Last week, the average LNG price for January delivery into northeast Asia was $14.50 per MMBtu, down 50 cents from the week before, according to a report from S&P Global. 𝑨𝒍𝒔𝒐 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒊𝒔𝒔𝒖𝒆: > Spot market rose last month  > Last six QC-Maxes chartered out > EGAS’ latest FSRU revealed > Venture Global’s Plaquemines plant starts production > Taiwan’s government approves another LNG receiving terminal Subscribers can read the latest issue here: https://lnkd.in/e9bBuJuJ LNG Shipping News is part of the LNG Journal's 10-in-1 subscription package. Not a subscriber? Sign up for a no-obligation 30 day trial here - http://bit.ly/2SYGN22 #LNG #naturalgas #FLNG #lngjournal

Venture Global LNG is reportedly starting production at its Plaquemines LNG project in Louisiana, poised to become the first new US LNG plant in two years. Plaquemines LNG will be brought to market on a controversial commissioning strategy, which relies on spot market sales while the plant nominally remains in its commissioning phase. This mirrors ongoing disputes at its Calcasieu Pass plant, where major customers are seeking arbitration.

𝑳𝑵𝑮 𝑼𝒏𝒍𝒊𝒎𝒊𝒕𝒆𝒅 𝒚𝒐𝒖𝒓 𝒘𝒆𝒆𝒌𝒍𝒚 𝒄𝒐𝒎𝒑𝒓𝒆𝒉𝒆𝒏𝒔𝒊𝒗𝒆 𝑳𝑵𝑮 𝒏𝒆𝒘𝒔 𝒃𝒖𝒍𝒍𝒆𝒕𝒊𝒏 𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒅 𝑨𝒓𝒕𝒊𝒄𝒍𝒆: Spain relies on French gas imports Spain has continued to import gas from France and withdraw from storage to meet higher power sector demand in the first week of this month. 𝑨𝒍𝒔𝒐 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒊𝒔𝒔𝒖𝒆: > Asian spot LNG price levels soften > Egypt’s EGAS agrees second FSRU > US LNG supply needed to halt Asian coal usage > Rising LNG terminal costs make US projects less competitive > Chinese buyers look to sell 2025 cargoes LNG Unlimited is part of the LNG Journal's 10-in-1 subscription package. Not a subscriber? Sign up for a no-obligation 30 day trial here - http://bit.ly/2SYGN22 Subscribers can read the latest issue here: https://bit.ly/3kKAV9S #LNG #naturalgas #flng #lngjournal #LNGUnlimited

Eni has launched the hull of its Nguya FLNG vessel in China, marking significant progress in the Congo's (Rep.) LNG development. The facility will add 2.40mtpa capacity to existing operations, showcasing innovative engineering and sustainable design. The project demonstrates Eni's efficient project execution and commitment to developing Congo's natural gas resources.

𝑻𝒉𝒆 𝒍𝒂𝒕𝒆𝒔𝒕 𝒐𝒏 𝑳𝑵𝑮 𝑺𝒉𝒊𝒑𝒑𝒊𝒏𝒈 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒊𝒔𝒔𝒖𝒆 𝒐𝒇 𝑳𝑵𝑮 𝑺𝒉𝒊𝒑𝒑𝒊𝒏𝒈 𝑵𝒆𝒘𝒔 𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒅 𝑨𝒓𝒕𝒊𝒄𝒍𝒆: Lower speed and utilisation hit LNGC market Falling LNGC average speeds and utilisation rates has underscored vessel oversupply, bringing freight prices to their knees. 𝑨𝒍𝒔𝒐 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒊𝒔𝒔𝒖𝒆: > Spot rates near negative territory > Jordan to tap into Egypt’s FSRUs > Eni progresses Congo project  > Shell signs SPA with QatarEnergy > Venture Global sells Plaquemines cargoes Subscribers can read the latest issue here: https://lnkd.in/e9bBuJuJ LNG Shipping News is part of the LNG Journal's 10-in-1 subscription package. Not a subscriber? Sign up for a no-obligation 30 day trial here - http://bit.ly/2SYGN22 #LNG #naturalgas #FLNG #lngjournal

Argentina's YPF is joining forces with PAE and Golar LNG in a US$3 billion venture to develop a new floating LNG export facility in the country. The move follows previous aborted attempts at becoming a long-term LNG exporter. The project will use the FLNG Hilli vessel offshore Río Negro province to process gas from the Vaca Muerta shale play, with first exports targeted for 2027. The consortium plans to achieve year-round operation. Argentina’s LNG trade has hitherto been highly seasonal.

𝑳𝑵𝑮 𝑼𝒏𝒍𝒊𝒎𝒊𝒕𝒆𝒅 𝒚𝒐𝒖𝒓 𝒘𝒆𝒆𝒌𝒍𝒚 𝒄𝒐𝒎𝒑𝒓𝒆𝒉𝒆𝒏𝒔𝒊𝒗𝒆 𝑳𝑵𝑮 𝒏𝒆𝒘𝒔 𝒃𝒖𝒍𝒍𝒆𝒕𝒊𝒏 𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒅 𝑨𝒓𝒕𝒊𝒄𝒍𝒆: Winter 2024/2025 prognosis - EIA Going into this winter, price are only slightly higher than last year at the same time based on current forward natural gas and LNG prices in Europe and Asia, the US Energy Information Administration (EIA) said in a report. 𝑨𝒍𝒔𝒐 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒊𝒔𝒔𝒖𝒆: > US LNG exports set to jump > US natgas producers look to data centres > European gas price hike > Economics rather than policies to drive production growth > Egypt postpones LNG cargoes LNG Unlimited is part of the LNG Journal's 10-in-1 subscription package. Not a subscriber? Sign up for a no-obligation 30 day trial here - http://bit.ly/2SYGN22 Subscribers can read the latest issue here: https://bit.ly/3kKAV9S #LNG #naturalgas #flng #lngjournal #LNGUnlimited