LNG import news

The new LNG import terminal, named Golar Tundra, will help safeguard Italy’s energy security and diversification.

They have signed a joint declaration of intent to further promote the cooperation between the two countries in the field of energy, particularly through building LNG trade relations.

Europe’s largest LNG terminal in Kent, UK, has achieved its highest utilisation record and continued its international reach with the arrival of vessels from eight new countries.

This is the first time a delivery has been made on a vessel chartered by PGNiG Group, as well as the first shipment PGNiG has received from Venture Global LNG.

According to GlobalData, 40% of Italy’s gas imports are from Russia, and turning to Qatar is only a very short-term solution to overcome this.

PGNiG has announced that Gazprom has halted all natural gas supplies under the Yamal contract, effectively breaching their contract.

The company intends to use its Wilhelmshaven regasification terminal fast-track LNG imports into Europe.

The 2022 open season will be launched at the end of May 2022 to allocate the LNG regasification capacity available from the end of 2022 to 2047.

Lithuania have completely abandoned Russian gas imports in response to the war in Ukraine and the resulting energy crisis in Europe.

Milbank have advised OMERS Infrastructure in sale of joint stake in GNL Quintero, the largest LNG terminal in Chile.