Keywords: LNG


Novatek creates new company to build LNG vessels amid sanctions pressure

Russia’s leading liquefied natural gas producer, Novatek, has established a new company to develop its own fleet of vessels and floating infrastructure, as it faces ongoing challenges linked to international sanctions. The newly created entity, focused on engineering and shipbuilding, aims to......

Taiwan secures alternative LNG supply as Hormuz blockade enters second month

Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month......

African energy producers gain ground as Iran war disrupts global supply

The war involving Iran has disrupted global energy markets, cutting about 8 million barrels of crude oil per day and a fifth of global liquefied natural gas supply. Far from the Strait of Hormuz, African energy producers are emerging as long-term beneficiaries of the shock. Major producers including......

War damage and cyclone knock out 30% of global LNG supply

Asian countries are confronting a worsening energy crisis as two simultaneous disruptions have removed roughly 30% of global liquefied natural gas supply from the market, according to the Australian Financial Review. The crisis began on March 2, when Iranian drone strikes hit the industrial cities of......

IEA chief says Iran war energy crisis surpasses the oil shocks of the 1970s

The head of the International Energy Agency has declared that the global energy shock caused by the Iran war is the most severe on record, warning that no country will be spared its effects as oil prices surge and critical supply routes remain severed. IEA Executive Director Fatih Birol, speaking at......

Freeport LNG CEO warns Iran war risks delaying US export projects

The Middle East war now threatens to slow US liquefied natural gas export capacity expansion. It disrupts one-fifth of global supply and spikes prices in Europe and Asia. Freeport LNG CEO Michael Smith warned Wednesday at S&P Global's CERAWeek conference in Houston. Supply chain issues from......

LNG tankers divert to Asia as Middle East war tightens supply

At least 11 liquefied natural gas tankers originally bound for Europe have been redirected to Asia since early March, as buyers in the region outbid European importers for limited cargoes following the escalation of war in the Middle East. Data from MarineTraffic shows the rerouting trend as disruptions......

Global energy crisis deepens as Hormuz disruption enters fourth week

The closure of the Strait of Hormuz has escalated into one of the most severe energy crises in decades, cutting off around 20 percent of global oil supply and sending shockwaves through food and industrial supply chains. As the conflict between the United States and Iran enters its fourth week, the scale......

Morgan Stanley upgrades US LNG exporters after Qatar supply disruption

Morgan Stanley has upgraded its ratings on major US liquefied natural gas exporters Cheniere Energy and Venture Global, reversing bearish positions taken weeks earlier as global supply expectations shift בעקבות disruptions in Qatar. Analyst Devin McDermott raised Cheniere to overweight from equal......