LNG import news

Asia will continue to dominate the global LNG regasification capacity additions, contributing about 68% of the total capacity additions between 2024 – 2028, according to GlobalData.

In 1H24, Adriatic LNG injected approximately 4.4 billion m3 of natural gas into the national grid (+5% compared to the same period in 2023), recording the best result ever for the first six months of the year.

New Fortress Energy Inc. (NFE) has announced that it has achieved first LNG for its initial Fast LNG asset located offshore Altamira, Mexico.

Rystad Energy predicts that Russia's gas will need to be rerouted to Europe through alternative paths, requiring an additional 7.2 billion m3/y of LNG to replace the gas transiting Ukraine.

In our recent July issue of LNG Industry, Kilian de Cintré, Partner, Chris Taufatofua, Partner, Chris Strong, Partner, and Ruairi McGill, Associate, Vinson & Elkins, assess the current state of the LNG market in Latin America and the Caribbean.

Snam has announced that works are proceeding according to schedule on Ravenna's offshore regasifier, with the project on track to become operational in 1Q25.

Ocean Yield AS has purchased infrastructure fund CVC DIF’s share in French company Geogas LNG.

The regasification vessel, Neptune, has arrived at the energy terminal ‘Deutsche Ostsee’ in the industrial port of Mukran.

Glenfarne Energy Transition’s Texas LNG has signed an LNG offtake agreement with affiliate of top tier market participant.

LNG has reportedly played a minimal role in displacing its coal consumption, with the nation prioritising domestic energy over LNG imports.