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March 15th, 2024

Exports

  • Biden’s LNG Freeze Delaying Projects and Risking US Market Share
  • Summary: The Biden administration's freeze on LNG export licenses is stalling projects, affecting U.S. market share and delaying contracts with global firms. This halt risks U.S. competitiveness against LNG developments in Qatar and UAE.
  • Bloomberg
  • US LNG exports reach 26 shipments
  • Summary: U.S. LNG exports rose to 26 shipments with a 94 Bcf capacity. Market dynamics saw shifts in terminal deliveries and a significant drop in Henry Hub spot prices.
  • LNG Prime
  • Venture Global urges FERC to act on CP2 LNG project
  • Summary: Venture Global LNG is pressing FERC for approval of the CP2 project in Louisiana, highlighting significant investments and contractual commitments with global partners.
  • LNG Prime
  • B.C. First Nation and Western LNG partner to purchase natural gas pipeline project
  • Summary: Nisga'a Nation and Western LNG are set to acquire the Prince Rupert Gas Transmission project from TC Energy, marking a critical step in Canada's LNG export capacity expansion.
  • Canadian Press
  • Glenfarne Energy Transition’s Texas LNG Moves to Execution Phase of Project Financing
  • Summary: Glenfarne's Texas LNG is moving to the project financing execution phase for a 4 MTPA terminal in Brownsville, signaling progress in U.S. LNG export capacity development.
  • Press Release

Mergers and Acquisitions

  • TC Energy to sell Prince Rupert pipeline project to Ksi Lisims LNG partners
  • Summary: TC Energy's sale of the Prince Rupert gas pipeline to Ksi Lisims LNG partners will support a proposed LNG terminal in British Columbia, enhancing Canada's LNG export capabilities.
  • Reuters
  • Western LNG, Nisga’a Nation buying Prince Rupert Gas Transmission project
  • Summary: The acquisition of the Prince Rupert Gas Transmission project by Nisga’a Nation and Western LNG signifies a strategic move in bolstering Canada's LNG export potential.
  • Energetic City

Storage

  • Public Weighs In on Old Mill Lane LNG Facility
  • Summary: Narragansett Electric's proposal to convert the Old Mill Lane LNG facility to a permanent site is met with local opposition due to environmental concerns.
  • Newport This Week
  • New Mexico Public Regulation Commission unanimously denies New Mexico Gas Co.'s request to build an LNG storage facility
  • Summary: The denial of New Mexico Gas Co.'s request to build an LNG storage facility in Rio Rancho underscores regulatory and community challenges in expanding LNG infrastructure.
  • New Mexico Political Report

Shipping

  • US LNG cargoes continue to set sail around Cape of Good Hope in March
  • Summary: The redirection of US LNG exports to Asia via Cape of Good Hope reflects strategic shipping route adjustments amid global geopolitical tensions.
  • S&P Global
  • Spot LNG shipping rates remain steady, European prices climb for third week
  • Summary: Stable spot LNG shipping rates contrast with rising European LNG prices, indicating a nuanced global market landscape for LNG trade and transportation.
  • LNG Prime

Imports

  • Germany's Stade LNG terminal to receive first vessel on March 15
  • Summary: The Stade LNG terminal in Germany marks a key development in Europe's LNG import capacity and energy security, reducing reliance on Russian gas.
  • Reuters
  • France eyes return to Pakistan's LNG market
  • Summary: France's potential re-entry into Pakistan's LNG market signifies strategic business interests amid Pakistan's growing energy needs and market dynamics.
  • Express Tribune
  • Shannon LNG propose floating gas storage facility in north Kerry
  • Summary: Shannon LNG's proposal for a floating gas storage facility in Kerry aligns with Ireland's energy security strategy and showcases innovative LNG storage solutions.
  • Irish Examiner

Bunkering

  • Europe’s largest inland LNG bunkering barge nears delivery
  • Summary: The nearing completion of Europe's largest inland LNG bunkering barge signifies a milestone in the region's LNG bunkering infrastructure and maritime fuel transition.
  • LNG Prime

Analysis

  • Three key takeaways from our Europe gas markets short-term outlook Q1 2024
  • Summary: Wood Mackenzie's outlook suggests a moderate rebound in European gas demand in 2024, with significant implications for LNG import and storage strategies.
  • Wood Mackenzie
  • U.S. Natural Gas Weekly Update for week ending March 13, 2024
  • Summary: The U.S. EIA's weekly update shows a decrease in natural gas deliveries to LNG export terminals, reflecting nuances in the domestic gas market.
  • U.S. EIA

Emissions

  • US LNG Players Eye CCS to Limit Carbon Footprint
  • Summary: The U.S. LNG sector's consideration of Carbon Capture and Storage (CCS) technologies underscores a proactive approach to environmental sustainability and regulatory compliance.
  • Energy Intelligence (Subscription)

Fuel-Marine

  • First LNG dual-fuel chemical tanker wins Green Award certification
  • Summary: The awarding of the Green Award to the LNG dual-fuel tanker Tosca highlights advancements in sustainable marine fuel technologies and environmental certification.
  • Offshore Energy

Vasilikos LNG Project

  • Vasilikos LNG project defenders hit back amid accusations
  • Summary: Defenders of the Vasilikos LNG project counter accusations of incompetence, emphasizing the consortium's commitment to completing the LNG terminal in Cyprus.
  • KNEWS


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