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Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and production have grown substantially in those countries, The U.S. Energy Information Administration has reported.
LNG import capacity in the EU and the UK will expand by 34% by 2024 compared with 2021 according to GIIGNL and trade press data.
Watson Farley & Williams has advised Norddeutsche Landesbank Girozentrale on the long-term financing of an import terminal for liquified gases to be constructed in Stade-Buetzfleh, Lower Saxony, Germany.
QatarEnergy entered into a 27-year sale and purchase agreement with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tpy of LNG to the People's Republic of China.
Energy Transfer LNG has entered into a 20-year LNG SPA with Shell related to its Lake Charles LNG project.
From the start of commercial operation, the LNG Hrvatska terminal delivered more than 3 billion m3 of natural gas to the transport system of the Republic of Croatia.
By tracking the import and export in volume of LNG, the indicator provides supply side commodity and energy futures traders with crucial insights at least one month in advance of official data.
Viva Energy has entered into commercial agreements with GeelongPort for the construction and provision of necessary infrastructure for the proposed gas terminal in the Port of Geelong, Australia.
Under the SPA, PetroChina’s subsidiary, PCI, has agreed to purchase up to approximately 1.8 million tpy of LNG from Cheniere Marketing on an FOB basis.
An average of 49.0 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d from 2020, according to The LNG Industry GIIGNL Annual Report 2022.
Up to 7.5 billion m3/y of natural gas are to be handled via this terminal as quickly as possible. This is approximately 8.5% of Germany’s current gas demand per year.
The auctions were for the allocation of the continuous regasification capacity, in relation to multi-year allocation processes with expression of interest, concerning gas year from 2022/2023 to gas year 2032/2033.