The U.S. Department of Energy said on Wednesday it has approved an extension of a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project, jointly owned by QatarEnergy ExxonMobil, being built in Texas. The approval will grant additional time to begin LNG exports to large...
https://www.hellenicshippingnews.com/us-approves-lng-export-extension-for-golden-pass/
Global energy trading house Vitol said it has signed a long-term deal with a Philippine entity to supply liquefied natural gas (LNG) to the country for the next decade, starting in 2025. This is the first deal signed for long-term supply of LNG delivery into the Philippines, which only began...
https://www.hellenicshippingnews.com/vitol-signs-10-year-lng-deal-for-delivery-to-the-philippines/
In February, Europe’s imports of liquefied natural gas (LNG) are expected to climb to their second-highest level ever, while Asia’s are predicted to fall to their lowest point in almost two years, according to a Reuters report. Spot cargoes are currently priced at least 50% higher than they were a...
https://www.hellenicshippingnews.com/why-are-europes-lng-imports-surging-while-asias-are-slipping/
Talks to speed a resumption in oil exports from Iraq’s semi-autonomous Kurdistan region have been delayed until Thursday because of disagreements over terms between oil companies and the oil ministry, three sources told Reuters. The meeting had been scheduled for Tuesday but initial talks on Sunday...
Asia’s crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent’s top supplier Russia. Asia’s imports for the first two months of the year are on track to be 26.17 million barrels per day (bpd), …
Russia’s exports of liquefied natural gas (LNG) in the first two months of the year fell by 7.3% from a year earlier to 5.1 million metric tons, LSEG preliminary data showed, amid sanctions and supply cuts from Sakhalin-2 project. Russia has struggled to raise LNG exports in the face of U.S....
https://www.hellenicshippingnews.com/russias-january-february-lng-exports-down-7-3-data-shows/
China’s imports of Russian Far East crude and Iranian oil are set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under U.S. embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top...
President Donald Trump opened yet another front in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods. Trump, looking to...
https://www.hellenicshippingnews.com/trump-orders-new-tariff-probe-into-us-copper-imports/
JERA will secure “a certain volume of long-term [LNG] contracts” from a portfolio of flexible and reliable suppliers beyond 2030, buoyed by the fuel’s reassured position under Japan’s new Strategic Energy Plan, CEO Hisahide Okuda told Platts, part of S&P Global Commodity Insights. “We believe we...
Small-scale Russian producers of liquefied natural gas (LNG) located on the shores of the Baltic Sea, Portovaya LNG and Kryogaz-Vysotsk, have suspended LNG supplies, LSEG ship-tracking data showed on Thursday, as U.S. sanctions have kicked in. Washington last month introduced new sanctions against...