Hormuz, Ras Laffan & the Cascade Into Europe and South Asia Hormuz transit disruption and Ras Laffan missile damage are transmitting supply stress directly into Italian and Pakistani import markets with no near-term fix in sight. Italy loses a third of its LNG supply as QatarEnergy declares force majeure QatarEnergy
LONG-TERM CONTRACT OPPORTUNITY SIGNALS Turkey-Iran 9.6 bcm pipeline expires July. Turkish Energy Minister Alparslan Bayraktar said the long-term Iran gas import contract expires in July with no extension negotiations under way. Read This: Reuters BOTAS secured 10-year Russia LNG license. Turkey's regulator issued BOTAS a 10-year import
Structural & Forward-Looking Demand Shifts & Procurement The Iran conflict is cutting the long-term role of LNG in Asia — IEEFA How China Became Asia's Energy Middleman — The National Interest Demand for Colombia LNG Shipments Set to Surge Ahead of El Niño — Bloomberg
Structural & Forward-Looking Project Development & Execution Mexico Pacific Remains on the Hunt for Saguaro LNG Financing — Energy Intelligence Mexico LNG project in Manzanillo faces one-year FID delay — bn Americas Saeul-3 nuclear plant in South Korea achieves first criticality — NUCNET
Structural & Forward-Looking Policy & Regulatory EU Seeks Energy Tax Cuts as War Adds $26 Billion to Fuel Imports — Bloomberg Energy, chemical sectors urge EU to ease imminent emission rules — Bloomberg EU should reconsider its plans to ban imports of Russian gas, Eni CEO says — Reuters (also reported by OilPrice.
Crisis & Market-Moving Hormuz at near standstill as Iran warns ships to keep to its waters — Reuters India Oil Minister Heads to Qatar With Eye on Swift LNG Supply — Bloomberg Gas prices in Europe remain firm with LNG supply stuck in Persian Gulf — Reuters Russia Offers Sanctioned LNG to Energy-Hungry
Crisis & Market-Moving Exxon Sees First-Quarter Production Loss of 6% on Iran War — Bloomberg European gas prices plunge on hopes for restored LNG flows following US-Iran ceasefire — Reuters Qatar Begins Work to Resume LNG Production After Ceasefire — Bloomberg (also reported by Reuters) Hormuz shipping recovery to take at least six
Structural & Forward-Looking Project Development & Execution $12.5 billion US LNG project nearing FID with full commercialization in hand — Offshore Energy (also reported by LNG Prime, Press Release) Technip Energies awarded a substantial authorization to advance Commonwealth LNG project ahead of Final Investment Decision — Press Release Santos facing another
LNG Headline Newsletter
Crisis & Market-Moving Qatari tankers abort Hormuz crossing in blow to first LNG shipment since war — The National Ships With Qatar LNG Attempt First Hormuz Exit Since War — Bloomberg (also reported by Reuters) Israel hits Iranian petrochemical plant in massive gas field as mediators float ceasefire proposal — AP
Structural & Forward-Looking Project Development & Execution Golden Pass LNG gears up for first export as gas flows hit records — Reuters Israel to restart Leviathan gas field following war shutdown — Reuters Contracts & Offtake Jera's US Purchase Deal With Commonwealth LNG Terminated — Bloomberg (also reported by OilPrice.com)
Crisis & Market-Moving No LNG Ships Passed Through Hormuz in March, Trackers Say — The Wall Street Journal Secret Codes and Yuan Fees Get Ships Through Iran's Hormuz Tollbooth — Bloomberg Iran and Oman drafting protocol to 'monitor' Hormuz Strait traffic: IRNA — CNBC First LNG Ship to Attempt
Crisis & Market-Moving Iran war is both a boost and a threat to Australia's LNG — Reuters Trump says Iran's president asked for ceasefire, but U.S. wants Hormuz Strait open first — CNBC US LNG exports break record high as Middle East war disrupts global supply — gCaptain
Golden Pass LNG Marks Historic Milestone with First LNG Production - Press Release Golden Pass LNG, QatarEnergy’s largest investment in the United States, marks historic milestone with first LNG production - Press Release Chevron said the Wheatstone LNG facility is still under repairs and could be down for weeks
Cyclone Causes Outages at Australia’s Top LNG Projects Oil Price Iran war pushes India to rekindle old friendship with Russia - Reuters LNG arbitrage creates winners from energy shock - Reuters
Europe’s "green" ambitions face reality check as energy costs soar - Reuters LNG Canada, Coastal GasLink sign pipeline deal, bringing projects closer to reality - Canadian Press Shizuoka Gas Co., Ltd. decided to invest USD 100 million in MidOcean Energy - Press Release (link to PDF)