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Interview: Petronas urges vigilance to avoid energy security risks ...
Dec 10, 2024 · Though more LNG supply should come on stream in the late 2020s, Petronas is confident of continued growth in gas demand, and urges investors and policymakers to be vigilant to ensure energy security and supply, the company's senior vice president for LNG assets, Abang Yusuf Abang Puteh, tells NGW. [image shows Kasawari gas platform off …
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EU Commission sets 50% gas storage target for February 2025, …
Nov 29, 2024 · EU Commission sets 50% gas storage target for February 2025, document shows. LONDON, Nov 29 (Reuters) - Europe has set in a draft document a target for its gas stores to be 50% full by Feb. 1, 2025, the European Commission said on Friday, to ensure security of supply amid forecasts of a cold winter and concerns over Russian gas disruption.The target has been set to make sure the bloc's gas ...
EIA sees higher natural gas prices, LNG exports in 2025
Dec 10, 2024 · EIA sees higher natural gas prices, LNG exports in 2025. US natural gas prices are expected to average about $3.00/mn Btu for the remainder of the 2024-2025 winter and just under that mark for all of 2025, the Energy Information Administration (EIA) says in its latest Short Term Energy Outlook (STEO) released December 10.. At the same time, LNG exports, which have remained flat at around 12bn ...
Golar LNG signs EPC deal for MK II FLNG vessel, set for 2027 delivery
Sep 18, 2024 · Golar LNG signs EPC deal for MK II FLNG vessel, set for 2027 delivery. Golar LNG has signed an engineering, procurement, and construction (EPC) agreement with CIMC Raffles for the development of a MK II floating LNG production (FLNG) vessel, which will have a liquefaction capacity of 3.5mn tonnes per year, it sai don September 18.
New Fortress Energy sends first Altamira LNG cargo to Europe
Sep 30, 2024 · New Fortress Energy sends first Altamira LNG cargo to Europe. New Fortress Energy (NFE) said September 30 it had loaded the first full cargo from its offshore Altamira, Mexico Fast LNG facility onto the Energeos Princess, which has set sail for Europe. “This is a significant milestone for our Fast LNG installation,” NFE CEO Wes Edens said.
US LNG exports primed to jump as price arb to Europe opens …
Nov 21, 2024 · US LNG exports primed to jump as price arb to Europe opens wide: Maguire. LITTLETON, Colorado, Nov 21 (Reuters) - United States exports of LNG to Europe are set to jump in the coming weeks after the price spread between domestic natural gas and Europe's main gas pricing hub hit one-year highs.The price differential between U.S. Henry Hub natural gas futures NGc1 - the U.S. gas price benchmark ...
Europe begins the new year with 5% less gas [Global Gas …
Jan 2, 2025 · Russian gas transit via Ukraine stopped on January 1, as the 2019 transit contract was not renewed or extended. Just hours before, European gas prices reached a record level for 2024 of over €50/MWh ($548/’000 m 3), as the market adapted to the new reality. The volumes transited via Ukraine met ...
France: Europe’s largest LNG importer [Global Gas Perspectives]
Nov 26, 2024 · France has emerged as the fifth largest LNG market in the world, even if the country’s gas consumption has peaked. LNG demand is likely to decline, but may prove sticky as French imports provide flexibility both nationally and for Europe’s wider energy security.