LNG news in Europe

Eni has reached the final investment decision to develop the Cronos project, with the target to bring the first Cypriot gas to market in 2028.

Recent Wood Mackenzie’s analysis warns that European gas storage at a historically low level, combined with renewed Strait of Hormuz disruption, has driven spot prices more than 50% above their June lows and placed winter 2026/27 supply security at risk.

GAZ-SYSTEM has decided on the name of the first FSRU vessel to be located in the Gulf of Gdansk: Solidarity.

AB KN Energies has announced an additional invitation to submit requests for the allocation of 2027 Klaipeda LNG terminal capacities.

Wärtsilä and Carnival Corp. have entered into an eight-year lifecycle agreement covering four cruise vessels within the Princess Cruises and Carnival Cruise Line fleets, including two newbuild vessels currently under construction.

Türkiye’s Ministry of Energy and Natural Resources has announced an additional storage tank at the Marmaraereglisi LNG terminal, operated by BOTAS.

Uniper and Q1 Energie AG have concluded an agreement regarding the supply of bio-LNG for road transport in Germany.

Storengy Deutschland is offering storage products tailored specifically for LNG importers via the PRISMA platform.

Argent LNG, LLC and Naftogaz Group have signed a memorandum of understanding establishing a framework agreement to explore long-term US LNG offtake, transportation, and distribution co-operation serving Ukraine and European markets.

In 1H26, Adriatic LNG delivered 4.4 billion m3 of natural gas into the national grid, a volume equal to 14% of Italy’s gas demand and to more than 40% of total national LNG imports.