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April 17, 2024

Asian Gas Prices Surge Near Highest This Year Amid Conflict Risk Following an Israeli response to an Iranian attack, North Asian spot LNG prices have risen sharply, reaching levels not seen since early January. Read More: Bloomberg.

Freeport LNG Faces Fines for Environmental Breaches The Texas Commission on Environmental Quality fined Freeport LNG $152,173 for violations related to emissions of several pollutants at its Quintana, Texas plant. Read More: Reuters. 

European Gas Jumps as Israel Vows Response to Iran Attack European gas prices increased by 6.4% on Tuesday after four consecutive days of gains, following geopolitical risks that arose from Middle East tensions and Russian attacks on Ukrainian energy infrastructure. Read More: Bloomberg.

Rising LNG Prices Amid Middle East Tensions Asian LNG prices surged to the highest levels since January due to potential Middle East conflicts affecting LNG trade through the Strait of Hormuz. Read More: Oil Price.

Middle East Tensions Threaten Global LNG Supply The Strait of Hormuz, a key passage for global LNG exports from Qatar and the UAE, could face disruptions due to rising tensions in the Middle East, according to Rystad Energy. Read More: Upstream Online. (subscription)

Wood Australia to Lead Study on Sunrise Fields Wood Australia will conduct a concept study for the Greater Sunrise gas and condensate fields, involving multi-disciplinary subcontractors and consultants. Read More: Offshore Energy.

Sinokor Puts Recently Acquired LNG Vessel on Sale Sinokor Merchant Marine is selling the LNG Alliance, a 17-year-old LNG carrier it purchased less than a year ago from TotalEnergies and NYK. Read More: TradeWinds. (Subscription)