LNG news in Europe

Corinth Pipeworks has been awarded a contract by Saipem S.p.A for the development of an offshore and onshore natural gas pipeline by Gastrade.

The construction phase of the EemsEnergyTerminal, a floating LNG terminal in the Eemshaven, has officially started.

The shipping group has developed a new LBV design that is easy-to-use, fulfils present and known future requirements for at-sea LNG bunker deliveries, and reduces last-mile costs.

DNV has recently advised Italy-based Snam Group (Snam) on its acquisition of two FSRUs from Golar LNG and BW Gas Cyprus Ltd (BW).

High natural gas prices will continue to drive down European demand to 7% below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end.

TES, E.ON, and ENGIE have been selected by the German Federal Ministry of Economics and Climate Protection (BMWK) to jointly develop and implement the fifth FSRU in Germany.

LNG carrier 'LNG Endurance' arrived at the terminal, LNG Hrvatska, Croatia, for the second time on the morning of 30 August 2022.

Capital Product Partners L.P. (CPLP), an international owner of ocean-going vessels, has announced the increase of the day rate for two of its LNG carriers, Aristarchos and Asklipios.

The company has stated that its investment policy is designed to transform TotalEnergies into a multi-disciplined energy company, which will help it achieve its net zero target by 2050.

As the global energy crisis deepens and countries scramble to secure reliable energy sources, investments in new LNG infrastructure are set to surge, reaching US$42 billion annually in 2024.