Lng Gas News

Venture Global wants to expand its Plaquemines LNG export facility by 24.8 million metric tons per annum (mtpa), almost 6 mtpa more than it originally proposed just four months ago, according to a regulatory filing issued late on Monday.Venture Global is already constructing the United States' second-largest LNG plant in Plaquemines Parish, Louisiana, and on March 6, announced plans to expand the facility by an initial 18.6 mtpa. It is now asking the Federal Energy Regulatory Commission (FERC) to increase the expansion to 24.8 mtpa…

Today, at Fincantieri’s Sestri Ponente shipyard, three ceremonies took place for Explora Journeys, the luxury lifestyle brand of the MSC Group: the launching of Explora III, the coin ceremony for Explora IV, and the steel-cutting for Explora V.Comprised of a total of six vessels—with the first two, Explora I and Explora II, already in service—the luxury brand’s fleet, entirely built by Fincantieri, will be fully operational within three years. Explora III will be christened next year…

The Sofia city prosecutor's office said on Wednesday it had conducted an investigation into a 2023 gas deal between Turkish state gas company Botas and Bulgaria's Bulgargaz and searched the home of a former energy minister.Bulgargaz and Botas signed a 13-year deal in 2023, allowing Bulgargaz to use Turkey's LNG terminals for cargo shipments, which would be transported via Botas's gas network to Bulgaria.However, the deal led Bulgargaz into debt, as it ended up paying for unused capacity, energy minister Zhecho Stankov said in May.

ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The contracts involve expanding processing units to boost throughput and improve operational efficiency across its Asab, Buhasa, Habshan onshore facilities and its offshore Das Island liquefaction facility, the company said in a statement.The contracts were awarded to British oilfield services firms Wood Group and Petrofac, and to Kent.ADNOC Gas, a subsidiary of the United Arab Emirates'

Italian energy group Eni and Argentina's YPF on Friday signed an agreement on the Argentina LNG (ARGLNG) project during a meeting in Rome between Italian Prime Minister Giorgia Meloni and Argentine President Javier Milei.Eni will act as a strategic partner of YPF on the Argentina LNG project and make use of the know-how it has developed in its floating LNG projects in Congo and Mozambique, the Italian group said in a statement.The Argentina LNG project is designed to develop the resources of the onshore Vaca Muerta field and serve international markets.

GAIL (India)'s Dabhol LNG Terminal in the western state of Maharashtra received its first liquefied natural gas (LNG) cargo during the traditionally disruptive monsoon rains on June 2, the gas transporter said on Friday.This marks the start of year-round operations at the terminal, the company said in a press release.The commissioning of a breakwater facility — structures that protect a port against high tides — at the terminal last month allows ships to dock safely and allow it to function as an "all-weather port".Earlier, the terminal used to be shut for four months during the rainy season.G

The CEO of a company seeking to build a liquefied natural gas terminal near Philadelphia told Reuters on Wednesday he met officials at the White House this week to "provide intelligence" about the project in the works for years despite local opposition.Penn America Energy Holdings wants to export 7.2 million tons a year of LNG from a site near Philadelphia to markets in Europe and Asia. Franc James, the CEO, said he had a meeting at the White House on Tuesday and that the company is considering several locations other than the original site in Chester…

Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in Canada and Europe.

XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is aiming to have a gas and LNG business with a capacity of between 20 million and 25 million metric tons a year by 2035, the company said in a statement on Tuesday.XRG was set up last year as an investment company focused on lower-carbon energy, gas and chemicals, with assets of more than $80 billion.On Tuesday, its board, whose members include former BP BP.L CEO Bernard Looney and Blackstone's Jon Gray, approved the capacity target and a new five-year business plan.

Fincantieri and TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, celebrated the launch of “Mein Schiff Flow” at the Monfalcone shipyard. The vessel is the second of two next-generation InTUItion class cruise ships, designed for dual-fuel operation (Liquefied Natural Gas, LNG, and Marine Gas Oil, MGO). A sister ship to “Mein Schiff Relax," delivered in February, the new unit is scheduled to enter service in mid-2026.With approximately 160,000 gross tons…

U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might reduce output and they pointed to forecasts for less demand this week than previously expected.On its last day as the front-month, gas futures for June delivery on the New York Mercantile Exchange (NYMEX) fell 19.4 cents, or 5.7%, to settle at $3.214 per million British thermal units (mmBtu)…

The Ministry of Economy, Trade and Industry (METI), in cooperation with the International Energy Agency (IEA), has confirmed that the LNG PCC 2025 will be held on June 20, in collaboration with the Japan Energy Summit & Exhibition, organized by dmg events.The LNG PCC 2025 will take place on the final day of the three-day Japan Energy Summit & Exhibition (June 18-20) at Tokyo Big Sight, East Hall 7. The LNG PCC was launched in 2012 as a platform to enhance cooperation between LNG producers and consumers.

Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a cost of living crisis.President Abdel Fattah al-Sisi on Wednesday directed the government to "preemptively take whatever needs necessary to ensure stable electricity flow…

U.S.

Woodside Energy's decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping capacity U.S. companies plan to approve this year despite uncertainty about President Donald Trump's trade war, according to company statements and analysts.The U.S., already the world's largest exporter of the superchilled gas with 91.3 million tonnes of annual capacity, should triple that before 2030 thanks to projects awaiting final investment decisions.

Indian gas transporter GAIL (India) will operate its 5 million-tonnes-per-year liquefied natural gas (LNG) import terminal in western India during the monsoon season for the first time, after completing a breakwater facility, Chairman Sandeep Kumar Gupta said.The company typically shuts the Ratnagiri terminal — popularly known as the Dabhol LNG plant — for four months from May 25 each year to avoid high tides. The new breakwater will now enable ship arrivals during the monsoon."Our breakwater has been completed.

U.S. federal regulators recommended in a final environmental report that Venture Global's proposed CP2 liquefied natural gas export project in Louisiana get the go-ahead, according to a government document filed on Friday.If constructed, CP2 will be the single largest LNG export facility in the U.S. and help the country remain the world's largest exporter of the superchilled gas.Venture Global already obtained approval to construct the 28 million tonnes per annum plant, but was…

One of the world's biggest liquefied natural gas suppliers, QatarEnergy, is in talks with Japanese firms for a long-term deal to supply LNG from its North Field expansion project, five trading and industry sources told Reuters.Under the deal, Qatar would supply a consortium of Japanese importers, and a volume of at least 3 million metric tons per annum of gas would be split between them, four of the sources said.If agreed, it would help to confirm Doha's decades-old dominance of the Japanese market…

Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. This is nearly three times lower than the default methane slip factor of 3.1 percent, specified in the FuelEU Maritime and IMO Lifecycle Guidelines for Otto-cycle four-stroke dual-fuel engines.

Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3–$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the U.S. Henry Hub benchmark.Trafigura will supply 2.5 million tonnes of LNG, equivalent to about 27 cargoes under the deal, he said.Earlier in the day, Reuters had reported…

South Korean firms Korea Midland Power Co (KOMIPO), Korea Southern Power Co (KOSPO) and SK subsidiary PRISM Energy International have issued a tender for one liquefied natural gas (LNG) cargo for delivery in June.According to a tender issued by KOMIPO, which is leading the tender process, the buyers are seeking 3-3.6 trillion British thermal units (Btu) of LNG on a JKM-linked and delivered ex-ship (DES) basis.The cargo is to be delivered on June 12 or June 23 to one of the Kogas-operated terminals in Incheon, Pyeongtaek, Tongyeong and Samcheok in Korea.The JKM, or Japan-Korea-Marker, is the LN

Germany's Wilhelmshaven 1 liquefied natural gas terminal is set to reopen shortly after completing scheduled repair work on the superstructure on the jetty of its transhipment facility last week, according to a note on operator DET's website.It said that the regasification ship Hoegh Esperanza, which waited nearby during the four days of work, had returned to its mooring at midday on April 26."The Esperanza will now be connected to the superstructure and will soon be able to receive the next delivery from an LNG tanker, regasify it, and feed it into the German gas grid," said the note issued b

U.S. liquefied natural gas supplies to Europe will continue to rise, U.S. Energy Secretary Chris Wright told Reuters on Monday during a visit to the Polish capital Warsaw.The United States is the world's largest exporter of LNG and has played a major role in supplying Europe since Russia's full-scale invasion of Ukraine in 2022 significantly reduced the amount of Russian gas piped to Europe.However, now that U.S. President Donald Trump has rocked relations with Europe and turned to energy as a bargaining chip in trade negotiations, businesses are wary that reliance on the U.S. has become another vulnerability."The U.S. supply will continue to grow in a meaningful way. There's a lot of dialogue about contracts," Wright told Reuters on the sidelines of a conference.