Feb 11, 2025 : EU May Need 350 Extra LNG Cargoes
Replenish Reserves, Equinor Says
EU May Need 350 Extra LNG Cargoes to Replenish Reserves, Equinor Says - Bloomberg
LNG supply to Europe set for 'material increase' in coming weeks: Axpo - S&P Global
Tanzania hopes to conclude talks for LNG project by June - Reuters
Bangladesh seeks to build new import terminals, make long-term LNG deals - Reuters
Oman, Australia LNG tankers head west, one via Red Sea, as Europe draws supply - Reuters
South Africa signs operator agreement for first LNG terminal - Lloyd's List
Can Trump Get India to Buy More US LNG? - Energy Intelligence (Subscription)
Indian Oil in talks with Cheniere for 15-year LNG deal, company source says - Reuters
Indian Firms Discuss Long-Term LNG Supply Deals With the U.S. - Oil Price
India's $67 Billion Infrastructure Gap Hampers Modi's Gas Goals - Bloomberg
Europe teeters toward energy crisis - Bloomberg
Vietnam's industrial boom drives global coal imports to new highs - Reuters
Australia Props Up Key Transition Industries With Tax Breaks - Oil Price
Asian economies scramble to appease Trump as the U.S. president ratchets up tariff threats - CNBC
FERC Cites Trump EOs to Reverse Court Rulings on Rio Grande, Texas LNG - Natural Gas Intelligence (Subscription)
NW Europe’s gas futures prices have climbed to a large premium over those for deliveries to Northeast Asia as the region bids to draw cargoes to shore up rapidly depleting inventories - @JKempEnergy via X
LNG Figures Report
1. Europe’s LNG Demand Surge: Up to 350 Extra Cargoes Needed
Europe could require up to 350 additional LNG cargoes in 2025 to replenish depleted storage levels.
Storage sites are currently at 48% capacity, down from 67% a year ago.
A colder winter and low wind generation have increased gas consumption.
(Read This: Bloomberg)
2. Germany’s LNG Storage Crisis & 90% Target Challenge
Germany’s gas storage is currently 49% full, below the five-year average.
The EU requires 90% storage capacity by November 1, 2025, but regulators are concerned market forces alone won’t achieve this.
New subsidies and interventions are under discussion to boost LNG storage.
(Read This: S&P Global)
3. India’s LNG Terminal Utilization at Just 29%
Despite having the world’s fourth-largest LNG import capacity, India’s LNG terminals operate at only 29% capacity, far below the global average of 40%.
A $67 billion investment is needed to expand India’s pipeline network and improve import efficiency.
The Dahej terminal in Gujarat is the only Indian LNG terminal operating at full capacity.
(Read This: Bloomberg)
4. South Africa’s First LNG Terminal Project Announced
Richards Bay LNG terminal will be South Africa’s first LNG import facility.
Phase 1: A floating storage unit (135,000 - 174,000 cu m capacity).
Phase 2: A permanent onshore storage tank (220,000 cu m capacity).
The final investment decision is expected in 2026, with full operations targeted soon after.
(Read This: Lloyd’s List)
5. Bangladesh’s LNG Import Expansion – Two New Terminals
Bangladesh is constructing:
A land-based LNG terminal (1,000 million cubic feet per day capacity).
A floating storage and regasification unit (FSRU) (600 million cubic feet per day capacity).
The country is negotiating long-term LNG deals with Brunei and other exporters.
(Read This: Reuters)
6. Australia & Oman Increase LNG Exports to Europe
Oman and Australia have redirected multiple LNG shipments to Europe due to higher prices.
Six LNG cargoes were diverted from Asia to Europe in January 2025.
At least three LNG vessels from Oman and Australia are currently heading to Europe.
One tanker (Greenergy Pearl) is en route to France, while another (Salalah) is heading to Turkey.
(Read This: Reuters)
7. Tanzania’s $42 Billion LNG Project Targets 47 Tcf of Gas
Tanzania holds 47.13 trillion cubic feet (Tcf) of natural gas reserves.
Equinor and Shell are leading a stalled $42 billion LNG project, with negotiations expected to conclude by June 2025.
Production volumes and timelines will be determined in upcoming negotiations.
(Read This: Reuters)
8. U.S. LNG Export Expansion: Indian Oil & Cheniere’s 15-Year Deal
Indian Oil Corporation (IOC) is negotiating a 15-year LNG supply agreement with Cheniere Energy.
The deal would provide 1.5 - 2 million metric tons per year of U.S. LNG exports starting in April 2027.
(Read This: Reuters)
9. Qatar’s LNG Expansion Set to Add 33 Mt/y by 2028
Qatar’s LNG expansion project will increase capacity by 33 million metric tons per year by 2028.
This will significantly boost global LNG supply and impact market dynamics.
(Read This: S&P Global)
10. Japan Expands LNG Imports Under U.S. Trade Agreement
Japan has agreed to increase LNG imports from the U.S. as part of a broader trade deal with Washington.
Japan remains one of the largest LNG importers globally, with stable demand growth projected through 2030.
(Read This: CNBC)