April 22, 2025 : Europe can ride LNG wave to build strategic gas reserves
window of opportunity to build up strategic gas stockpiles
Europe can ride LNG wave to build strategic gas reserves - Reuters
Russia cuts 2025 energy export income estimate by 15%, document shows - Reuters
Chevron cuts output at Wheatstone LNG facility for planned maintenance - Reuters
Taiwan to Pledge More U.S. Oil and Gas Imports to Avoid Tariff - Oil Price
U.S., China Tariffs Add Upside Risk to Global LNG Supply Outlook - Natural Gas Intelligence (Subscription)
IEA Warns of Unresolved Global Energy Security Threats - Oil Price
Kinder Morgan Founder Plays Down the Impact of Tariffs on U.S. LNG - Oil Price
European Natural Gas Prices Drop as LNG Flows Stay Above Average - Oil Price
JERA and Saibu Gas Agree to Collaborate in the Strategic Use of Hibiki LNG Terminal - Press Release
PETRONAS Powers Vietnam’s Energy Future with its First LNG Cargo Delivery to PetroVietnam Gas - Press Release
Will long-proposed Morocco LNG terminal finally get off the ground? - Upstream Online (Subscription)
Adnoc opens Beijing office, seals trio of LNG deals with Chinese giants - Upstream Online (Subscription)
Hanwha Seizes Chance to Build US LNG Tankers - Bloomberg
Recent Developments Impacting LNG Markets
1. Russia Cuts 2025 Energy Export Revenue Forecast
Russia has reduced its oil and gas export revenue estimate for 2025 by 15%, citing weaker oil prices. Revenues are projected at $200.3 billion, down from $235 billion in 2024. Read This: Reuters
2. Europe Considers Strategic Gas Reserves Amid LNG Supply Surge
Europe is evaluating the creation of a government-managed strategic natural gas reserve system, potentially holding 20 bcm. This move follows a rise in LNG availability and aims to address supply shocks without relying solely on market-driven storage. Read This: Reuters
3. U.S.-China Tariff Escalation Raises LNG Trade Risks
The U.S.-China tariff dispute has escalated, with China imposing a 125% duty on U.S. goods and the U.S. responding with a 145% tariff. LNG is not legally blocked but has become less competitive in China. Trade volumes are shifting, contributing to global market volatility. Read This: Natural Gas Intelligence
4. Taiwan Pledges More U.S. LNG Imports to Avoid Tariffs
Taiwan is increasing its U.S. LNG purchases amid tariff negotiations with the Trump administration. Taiwan’s state-run CPC Corporation signed a letter of intent to invest in the $44 billion Alaska LNG project, aiming to balance trade imbalances with the U.S. Read This: Oil Price
5. IEA Flags Ongoing Energy Security Threats
IEA Executive Director Fatih Birol warned that key energy security principles remain unmet post-Ukraine war. The IEA stressed the need for diversification, political stability, and international cooperation, while criticizing tariffs as undermining collective energy resilience. Read This: Oil Price
6. EU Weighs Flexibility in Methane Rules to Aid U.S. Gas Imports
The EU is exploring adjustments to its methane rules to ease compliance for U.S. gas, hoping to defuse tensions with the U.S. administration. These changes could influence long-term LNG contracts and market access ahead of 2027 emissions compliance deadlines. Read This: Reuters
7. Adnoc Strengthens LNG Ties with China
Adnoc opened a new office in Beijing and signed three LNG agreements with Chinese companies, including a 15-year deal with ENN Natural Gas. The agreements mark the UAE’s largest LNG volume commitment to China, enhancing bilateral energy cooperation. Read This: Upstream Online
8. Morocco Launches LNG Terminal Tender
Morocco is set to issue a tender for a Mediterranean LNG import terminal featuring a floating storage and regasification unit (FSRU) at Nador. The project connects to the Maghreb-Europe Pipeline and supports Morocco’s broader plan to expand renewables and diversify gas imports. Read This: Reuters
9. JERA and Saibu Gas Partner on Hibiki LNG Terminal Expansion
Japanese firms JERA and Saibu Gas have agreed to jointly utilize and expand the Hibiki LNG Terminal, including construction of a third LNG tank. The collaboration aims to ensure supply stability and enhance regional LNG responsiveness. Read This: JERA
10. Chevron Reduces Output at Wheatstone LNG Facility for Maintenance
Chevron temporarily reduced output at the Wheatstone LNG plant in Australia due to planned maintenance. The facility supplies major Asian buyers, including Japan. Normal operations are expected to resume within the week. Read This: Reuters
11. Hanwha Seeks Entry Into U.S. LNG Tanker Construction
Hanwha is positioning to build the first U.S.-flagged LNG tankers following a U.S. trade proposal to limit Chinese-built ships. This move could reshape LNG shipping logistics tied to U.S. exports but may strain timelines and capital investment. Read This: Bloomberg
12. PETRONAS Delivers First LNG Cargo to Vietnam
PETRONAS completed its first LNG shipment to PetroVietnam Gas, initiating a long-term collaboration. This milestone reflects Vietnam’s efforts to secure stable LNG supplies amid growing energy demand. Read This: PETRONAS
13. European Gas Prices Dip as LNG Flows Stay High
European benchmark gas prices dropped 2.5% post-Easter due to LNG arrivals exceeding seasonal averages. Despite low storage levels, the futures market moved to a slight contango, offering an incentive for stockpiling. Read This: Oil Price
14. EU Plans to Increase U.S. LNG Purchases
The EU is preparing a roadmap, to be announced on May 6, encouraging energy firms to increase U.S. LNG imports as a measure to reduce Russian reliance and address U.S. trade concerns. Read This: Oil Price
15. China May Increase Russian Arctic LNG Imports
China is showing renewed interest in Russian LNG from Arctic LNG 2, as fears over U.S. sanctions ease. The EU, meanwhile, is preparing to publish plans to phase out Russian LNG by 2027. Read This: High North News