March 22, 2024 Asia spot gains on supply concerns
Price
Asia spot LNG gains on supply concerns, steady demand - Reuters
Improving arbitrage to Asia sparks higher Med LNG prices - S&P Global
Exports
Sixteen US states sue federal government over ban on LNG permit - Reuters
U.S. LNG Export Report for Week Ending March 20, 2024 - LNG Global
U.S. Natural Gas Weekly Update for week ending March 20, 2024 - U.S. EIA
Russia player pushes on with LNG plans despite sanctions and warning of ‘World War 3’ - Upstream Online (Subscription)
Alaska governor sees daylight for state’s $39 billion LNG project - Upstream Online (Subscription)
Imports
Finland’s Hamina LNG offers capacity for April-June - LNG Prime
Brazil exploring ways to import gas from Argentina's Vaca Muerta play, energy minister says - Reuters
Corporate
The Future Report: Strategic Business Decisions and Future Project Timelines in the news this week.
Project Development and Timeline Extensions
Argentine LNG Project with Petronas: Postponement of the final investment decision (FID) by a year for additional technical and commercial assessments.
ADNOC's Supply Deal with Germany's SEFE (Starting 2028): A 15-year contract to supply LNG to SEFE, reflecting long-term market expansion into Europe.
DEFA’s LNG Terminal in Cyprus (End of 2024): Completion deadline to secure a €101 million grant, indicating the importance of timely project execution.
YPF's Floating LNG Units in Argentina (2027 and 2030): Project commencement and expansion dates, showcasing investment in LNG infrastructure.
Infrastructure and Capacity Enhancement
Venture Global LNG's Fleet Acquisition (Starting 2024): Expansion of sales operations and entry into the spot market with new LNG-powered vessels.
WaveCrest Energy’s Teesside Flexible Regas Port (Third Quarter of 2024): Market consultation and capacity auction planning, aimed at enhancing the UK's natural gas supply.
German LNG Infrastructure Expansion (2027): Construction of Germany’s first land-based LNG terminal in Stade to diversify energy sources and improve supply security.
Market Dynamics and Production Shifts
Freeport LNG Production Increase (June 2024): Strategy to enhance LNG supply in response to global demand.
Strategic Initiatives and Market Adjustments
Global e-NG Coalition Formation : Promotion of e-methane use, supporting the energy transition towards a net-zero carbon future.
India's Decreasing LNG Imports (FY26): Reduction in import dependency due to increased domestic production, highlighting a shift in energy supply strategy.
Corporate Strategy and Financial Developments
Tellurian's Strategic Review and Leadership Changes (2024): Corporate adjustments in response to market conditions.
Pembina’s Acquisition of Enbridge’s Interests (April 1, 2024): Expansion in the North American energy infrastructure sector.
Geopolitical and Operational Influences
Suez Canal Transit Disruptions: Ongoing avoidance by LNG carriers affecting global shipping routes.
Freeport LNG Reduced Operation Until May 2024: Operational factors influencing LNG supply stability.
Environmental and Technological Advancements
EU Carbon Tax on LNG Imports (From 2024): Potential market bifurcation due to environmental regulation.
Bunkering and Terminal Operations
Hamina LNG Terminal Capacity Offering (April-June 2024): Expansion of services to meet increased demand and logistical needs in the LNG market.
Stakeholder and Partnership Dynamics
Enagas’s Increased Stake in Hanseatic Energy Hub (2027): Investment in new LNG terminal to enhance energy supply security in Germany.