An average of 49.0 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d from 2020, according to The LNG Industry GIIGNL Annual Report 2022.
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.
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.
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.
The agreement is for the supply of fuel for Brittany Ferries’ two new-build, LNG-fuelled hybrid Ro-Pax vessels that will operate between England and France from 2025.
Wärtsilä have signed a long-term service agreement to provide technical support on Brittany Ferries’ latest vessel, the Salamanca.
Following new government guidance, Shell has started a phased withdrawal from Russian LNG, whilst also donating profits from remaining Russian oil to humanitarian agencies to support Ukraine.
Due to the conflict in Ukraine and sanctions on Russia, it is expected that LNG is set to help fill the gap on Russian gas in Europe’s energy mix.
Under the supervision of Fuelgarden, INOXCVA has commissioned a multifunctional mini LNG terminal in Kyleakin, Scotland for MOWI Scotland.