LNG news in Europe

The global liquefied natural gas (LNG) industry is entering a decisive phase of transformation. After years of rapid expansion, the focus is shifting from growth and large-scale investment to efficiency, flexibility, and competitiveness.

Centrica Energy has signed a 10-year natural gas purchase agreement with Peyto Exploration & Development Corp., a leading Canadian natural gas producer.

Gasunie and Vopak have taken the conditional investment decision for the EemsEnergyTerminal extension.

KN Energies has been awarded a contract by GAZ-SYSTEM S.A. to provide commercial and operational advisory services for the FSRU project in the Gulf of Gdansk in Poland.

Construction has begun on a liquefied biogas facility, owned and developed by Nordion Energi at the Port of Gothenburg.

Mercuria Energy and Motor Oil Hellas have signed a memorandum of understanding establishing a framework for long-term co-operation in connection with the Dioriga Gas FSRU project in Greece’s Saronic Gulf.

The FSRU vessel for GAZ-SYSTEM’s FSRU programme has been launched at the HD Hyundai Heavy Industries shipyard in South Korea.

BOTAS and Argent LNG LLC have signed a memorandum of understanding for the delivery of US-origin LNG into Türkiye.

Shell has been selected as the supplier in the tender for the delivery of one cargo of LNG to Türkiye for the needs of Bulgargaz.

The ongoing energy crisis has increased Europe’s reliance on US LNG, with the IEEFA forecasting that 80% of the EU’s LNG imports could come from the US by 2028.