Regasification

Elengy has announced that its Fos Tonkin LNG terminal will continue operating until 2028, with its regasification capacity fully booked.

PETRONAS, through its subsidiary, PETRONAS LNG Ltd, has signed a heads of agreement with Shenergy Group Co. Ltd to supply approximately 1.5 million tpy of LNG to its Wuhaogou receiving terminal in China.

Qatargas has delivered the first Q-Flex LNG cargo to the ‘Summit LNG’ FSRU in Bangladesh.

In 2019, Lithuania transported the highest ever recorded volume of gas to the Baltic States.

Höegh LNG Holdings Ltd. has received commitment letters for a revolving credit facility with security in the company’s common units in Höegh LNG Partners LP.

Gastrade has launched the second phase of the market test for the Alexandroupolis LNG terminal project, in accordance with the guidelines approved by the Greek National Regulatory Authority for Energy (RAE).

A 20% stake in a floating LNG (FLNG) terminal project off Greece’s northern coast is being sold to Bulgaria.

AB Klaipedos Nafta has released its preliminary activity and revenue results for December and year 2019.

According to Reuters, data from Refinitiv Eikon shows that China imported a record high monthly volume of LNG in December 2019, overtaking Japan as the world’s top LNG importer for the second month in a row.

AB Klaipedos nafta’s LNG revenue level and regasification service price for 2020 have been agreed.

Energía del Pacífico has closed financing for the largest ever foreign direct investment in El Salvador.

The tender procedure to all operators in the LNG market for the Peak Shaving service, organised by Adriatic LNG for the Italian Ministry of Economic Development, was recently completed.

The Asian Infrastructure Investment Bank (AIIB) has invested US$500 million in support of China’s energy transition.

Wood Mackenzie has released a statement claiming Northwest Europe needs more regasification capacity – both to meet the region’s growing demand and to soak up surplus volumes of LNG.

Brazil’s Petrobras will shortly begin leasing its LNG regasification terminal and associated gas pipeline, located in the country’s northern state of Bahia.