LNG import news

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.

During the first four months of 2022, the US exported 74% of its LNG to Europe, compared with an annual average of 34% last year, according to EIA.

Adriatic LNG kicks off the auction for operators interested in importing long-term LNG in Europe, with an overall LNG regasification capacity of approximately 147 billion m3 for the next 25 years.

Despite the ongoing war in Ukraine, it is anticipated that restrictions on the importation of Russian gas to the EU will not significantly impact on gas supply to Ireland.