Rystad Energy: Gas and LNG prices set to rise
The rise is a result of Russian exports becoming increasingly unpopular, the company states.
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The rise is a result of Russian exports becoming increasingly unpopular, the company states.
The Eagle Valence, TotalEnergies’ first new-build LNG-powered very large crude carrier (VLCC), is the first of a broader programme of six new-build tankers designed with LNG dual-fuel propulsion.
Following new government guidance, Shell has started a phased withdrawal from Russian LNG, whilst also donating profits from remaining Russian oil to humanitarian agencies to support Ukraine.
Under the amended agreement, EOG will sell 420 000 million Btu per day of natural gas to Cheniere Energy’s subsidiary, CCL Stage III, for an extended term of 15 years.
Ed Cox, Head of Global LNG at the Independent Commodity Intelligence Services (ICIS), discusses the options available to Europe in moving away from Russian gas, namely to the use of LNG.
With the Russia-Ukraine conflict causing major concerns over energy security issues, GIIGNL are mobilising to ensure stable, affordable, and flexible access to LNG imports.
Due to the conflict in Ukraine and sanctions on Russia, it is expected that LNG is set to help fill the gap on Russian gas in Europe’s energy mix.
Shell announced its intention to exit its joint ventures with Russian-owned Gazprom, focusing instead on supporting Ukraine as well as European security.
Support grows for the South Australian LNG import terminal, partly due to it being the first LNG terminal in the world designed to be powered by renewable energy.
Venture Global LNG and JERA announced the successful loading and departure of the first cargo of LNG produced at the Calcasieu Pass LNG export facility in Cameron, Louisiana, US.
The technology group Wärtsilä will provide support for Viking Line’s new climate-smart flagship under a three-year contract signed in December 2021.
The company states that there is little prospect for Europe to reduce its dependence on Russian gas in the short-term.