LNG import news

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.

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.