Lng Gas News

Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) by 2029, the U.S. Energy Information Administration said on Thursday.The EIA cited its Liquefaction Capacity File and trade press reports for the forecast, and added that the U.S.

Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 51 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues.Lukoil and Rosneft were designated under the Britain’s Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.The two companies were considered strategically significant to the Kremlin…

Fincantieri and Princess Cruises celebrated the delivery of Star Princess, the second LNG-powered (liquefied natural gas) cruise ship in Princess Cruises’ Sphere Class, at the Monfalcone shipyard.The ceremony was attended by Gus Antorcha, President of Princess Cruises, Mauro Bordin, President of the Regional Council of Friuli Venezia Giulia, Ester Fedullo, Prefect of the Province of Gorizia, Luca Fasan, Mayor of the Municipality of Monfalcone, Pierroberto Folgiero, CEO of Fincantieri…

Tanker shipping company Stena Bulk has signed a cooperation agreement with Seasystems AS to expand the global reach of its jettyless LNG infrastructure technologies.Under the partnership, Seasystems will exclusively market, sell, and deliver Stena Bulk’s proprietary Extended FSU/FSRU Mooring (EFM) system and Jettyless Floating Terminal (JFT) technology. Stena Bulk retains full ownership of the patented technologies, which will remain part of the company’s portfolio.Developed by Stena Bulk…

Italy and the United States on Monday vowed to deepen energy ties including through increased exports to Italy of liquefied natural gas (LNG), as Europe continues to seek alternatives to Russian energy supplies following Moscow's invasion of Ukraine.Italian Energy Minister Gilberto Pichetto Fratin and U.S. Interior Secretary Doug Burgum, after talks in Rome, pledged to foster a "steady and secure" flow of American LNG to Europe, without committing to exact figures or timeframes.They said they would aim to "encourage investments in LNG import and regasification infrastructure in Italy…

Swiss marine power company WinGD and marine engine manufacturer Hanwha Engine have produced the world's first X72DF-2.2 VCR engine equipped with Variable Compression Ratio technology. This low-emission engine technology, developed by WinGD for ships using both LNG and diesel fuel, maximizes fuel efficiency and reduces methane slip which means vessels can operate more cleanly and cost-effectively, ensuring compliance with stricter emissions regulations.The two companies held a…

Ascenz Marorka, a GTT Group company, announced the signing of a contract with Hudong-Zhonghua Shipbuilding, a GTT long-time partner, to equip 24 LNG carriers with its Sloshield system.Sloshield is an advanced solution for detecting and reducing sloshing risks in LNG cargo tanks. By providing real-time monitoring and predictive analysis, it enables ship operators to preserve cargo integrity, limit structural stress, and optimise operational safety.This contract underscores the strength of GTT’s integrated offering…

AMIGO LNG S.A. de C.V., a Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, announced the execution of a long-term Sale and Purchase Agreement (SPA) with Macquarie Group, a global trading and financial services group.Under the agreement, AMIGO LNG will deliver 0.6 million tons per annum (MTPA) of LNG to Macquarie's Commodities and Global Markets business over a 15-year term. LNG supplies are expected to commence with the start-up of AMIGO LNG's first liquefaction train…

Sallaum Lines announced the successful early delivery of the MV Ocean Breeze, a next-generation LNG dual-fuel Pure Car and Truck Carrier (PCTC) built by Fujian Mawei Shipbuilding in China. The vessel was delivered on July 18, four months ahead of schedule.This delivery marks a significant deepening of the partnership between Europe’s leading automotive RORO carrier and China’s advanced maritime manufacturing sector. It also highlights the key role of Chinese financial institutions in supporting sustainable shipping…

Venture Global wants to expand its Plaquemines LNG export facility by 24.8 million metric tons per annum (mtpa), almost 6 mtpa more than it originally proposed just four months ago, according to a regulatory filing issued late on Monday.Venture Global is already constructing the United States' second-largest LNG plant in Plaquemines Parish, Louisiana, and on March 6, announced plans to expand the facility by an initial 18.6 mtpa. It is now asking the Federal Energy Regulatory Commission (FERC) to increase the expansion to 24.8 mtpa…

Today, at Fincantieri’s Sestri Ponente shipyard, three ceremonies took place for Explora Journeys, the luxury lifestyle brand of the MSC Group: the launching of Explora III, the coin ceremony for Explora IV, and the steel-cutting for Explora V.Comprised of a total of six vessels—with the first two, Explora I and Explora II, already in service—the luxury brand’s fleet, entirely built by Fincantieri, will be fully operational within three years. Explora III will be christened next year…

The Sofia city prosecutor's office said on Wednesday it had conducted an investigation into a 2023 gas deal between Turkish state gas company Botas and Bulgaria's Bulgargaz and searched the home of a former energy minister.Bulgargaz and Botas signed a 13-year deal in 2023, allowing Bulgargaz to use Turkey's LNG terminals for cargo shipments, which would be transported via Botas's gas network to Bulgaria.However, the deal led Bulgargaz into debt, as it ended up paying for unused capacity, energy minister Zhecho Stankov said in May.

ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The contracts involve expanding processing units to boost throughput and improve operational efficiency across its Asab, Buhasa, Habshan onshore facilities and its offshore Das Island liquefaction facility, the company said in a statement.The contracts were awarded to British oilfield services firms Wood Group and Petrofac, and to Kent.ADNOC Gas, a subsidiary of the United Arab Emirates'

Italian energy group Eni and Argentina's YPF on Friday signed an agreement on the Argentina LNG (ARGLNG) project during a meeting in Rome between Italian Prime Minister Giorgia Meloni and Argentine President Javier Milei.Eni will act as a strategic partner of YPF on the Argentina LNG project and make use of the know-how it has developed in its floating LNG projects in Congo and Mozambique, the Italian group said in a statement.The Argentina LNG project is designed to develop the resources of the onshore Vaca Muerta field and serve international markets.

GAIL (India)'s Dabhol LNG Terminal in the western state of Maharashtra received its first liquefied natural gas (LNG) cargo during the traditionally disruptive monsoon rains on June 2, the gas transporter said on Friday.This marks the start of year-round operations at the terminal, the company said in a press release.The commissioning of a breakwater facility — structures that protect a port against high tides — at the terminal last month allows ships to dock safely and allow it to function as an "all-weather port".Earlier, the terminal used to be shut for four months during the rainy season.G

The CEO of a company seeking to build a liquefied natural gas terminal near Philadelphia told Reuters on Wednesday he met officials at the White House this week to "provide intelligence" about the project in the works for years despite local opposition.Penn America Energy Holdings wants to export 7.2 million tons a year of LNG from a site near Philadelphia to markets in Europe and Asia. Franc James, the CEO, said he had a meeting at the White House on Tuesday and that the company is considering several locations other than the original site in Chester…

Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in Canada and Europe.

XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is aiming to have a gas and LNG business with a capacity of between 20 million and 25 million metric tons a year by 2035, the company said in a statement on Tuesday.XRG was set up last year as an investment company focused on lower-carbon energy, gas and chemicals, with assets of more than $80 billion.On Tuesday, its board, whose members include former BP BP.L CEO Bernard Looney and Blackstone's Jon Gray, approved the capacity target and a new five-year business plan.

Fincantieri and TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, celebrated the launch of “Mein Schiff Flow” at the Monfalcone shipyard. The vessel is the second of two next-generation InTUItion class cruise ships, designed for dual-fuel operation (Liquefied Natural Gas, LNG, and Marine Gas Oil, MGO). A sister ship to “Mein Schiff Relax," delivered in February, the new unit is scheduled to enter service in mid-2026.With approximately 160,000 gross tons…

U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might reduce output and they pointed to forecasts for less demand this week than previously expected.On its last day as the front-month, gas futures for June delivery on the New York Mercantile Exchange (NYMEX) fell 19.4 cents, or 5.7%, to settle at $3.214 per million British thermal units (mmBtu)…

The Ministry of Economy, Trade and Industry (METI), in cooperation with the International Energy Agency (IEA), has confirmed that the LNG PCC 2025 will be held on June 20, in collaboration with the Japan Energy Summit & Exhibition, organized by dmg events.The LNG PCC 2025 will take place on the final day of the three-day Japan Energy Summit & Exhibition (June 18-20) at Tokyo Big Sight, East Hall 7. The LNG PCC was launched in 2012 as a platform to enhance cooperation between LNG producers and consumers.

Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a cost of living crisis.President Abdel Fattah al-Sisi on Wednesday directed the government to "preemptively take whatever needs necessary to ensure stable electricity flow…

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