Indian Oil Corporation is in discussions to agree on a long-term supply deal with U.S. Cheniere Energy, in what could be one of many new LNG supply agreements between India and America. Indian Oil, the state oil and gas and refining giant, is negotiating a 15-year agreement to source LNG …
Read More »Taiwan Joins Japan as Alaska LNG Hopeful
Taiwan has followed in Japan’s footsteps, expressing interest in buying more liquefied natural gas from the U.S. and more specifically from a project in Alaska, Reuters has reported, citing the country’s economy ministry. The statement reflects concern about the impact of tariffs that Trump has threatened to impose on all …
Read More »China’s Tariff Moves could Derail U.S. LNG Expansion
China is widely expected to stop buying U.S. LNG on the spot market and seek to swap American cargoes from elsewhere after it announced a 15% tariff on U.S. liquefied natural gas in response to the 10% American tariffs across the board. Chinese buyers could also become more hesitant to …
Read More »Pakistan Seeks Lower Prices for Its Long-Term Qatar LNG Deal
Pakistan will renegotiate its long-term LNG supply deal with Qatar as it looks to lower its costs for the growing energy demand going forward, Pakistani Petroleum Minister Musadik Malik said on Friday. “The Qatar agreement is costly, and we will negotiate better terms next year,” Pakistani newspaper The News quoted …
Read More »Top EU Gas Storage Holders Discuss Easing Refilling Targets
A group of EU member states that have the largest natural gas storage capacity have held informal discussions about a potential easing of the binding filling targets after 2025, officials have told Bloomberg. In the wake of the 2022 Russian invasion of Ukraine and the halt to Russian pipeline gas …
Read More »EU won’t Ban Russian LNG until Alternative Sources Secured, Diplomats Say
The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States, EU diplomats said. “First you have to have a deal because otherwise you will be left without …
Read More »Europe doesn’t Need US Gas, but might Buy It anyway
Donald Trump wants EU countries to buy more US-shipped gas. There are reasons for Europeans to consider taking the bait, but each comes at a price. At first glance, US supply and European demand for liquified natural gas seem like a match made in heaven. “We still get a lot …
Read More »Japan’s Top LNG Buyer Plans more Purchases from the U.S.
JERA, the largest LNG buyer in Japan, plans to boost purchases from the United States to diversify its supply portfolio, a top company executive told Reuters on Friday. Japan, the world’s second-largest LNG importer after China, is looking to increase its energy security with diverse sources of supply and could …
Read More »Italy to Begin Gas Refilling Next Month to Avoid Price Spikes
Italy, the EU’s third-largest economy and the country holding the second-biggest natural gas storage space in the bloc, plans to begin refilling its sites as early as February, to avoid price spikes later in the year, Italian Energy Security Minister, Gilberto Pichetto Fratin, said on Thursday. “Due to ongoing geopolitical …
Read More »Uniper: More U.S. LNG Flows to Europe will Relieve Gas Markets
Additional purchases of U.S. LNG from the European Union would help ease the tightness in global natural gas markets and reduce consumer and industry prices in Germany, Michael Lewis, chief executive at German energy giant Uniper, told Reuters on Wednesday. Earlier this week, U.S. President Donald Trump urged the EU, …
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