New Fortress Energy has filed the permit applications to deploy its fast LNG solution off the coast of Louisiana, US, aiming to begin operations by 1Q23.
Major oil and gas companies suspending their operations in Russia could disrupt progress of key Russian projects, finds GlobalData.
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.
Ed Cox, Head of Global LNG at the Independent Commodity Intelligence Services (ICIS), discusses the options available to Europe in moving away from Russian gas, namely to the use of LNG.
With the Russia-Ukraine conflict causing major concerns over energy security issues, GIIGNL are mobilising to ensure stable, affordable, and flexible access to LNG imports.
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.
Shell announced its intention to exit its joint ventures with Russian-owned Gazprom, focusing instead on supporting Ukraine as well as European security.
The company states that there is little prospect for Europe to reduce its dependence on Russian gas in the short-term.
The Arc7 ice-class module carrier AUDAX completed its voyage along the Northern Sea Route from the Chinese port of Tianjin to Murmansk, Russia.