LNG
Last month, controversially, Vietnam imported its first Russian LNG cargo, as the country struggles to meet energy demand.
Prime Minister Mark Carney’s “nation building” promises could lead to a buildout of fossil fuel infrastructure — which would lock in carbon pollution.
LNG carriers pose both a climate and financial risk, yet the shipping industry is seeing unprecedented growth, according to new research.
Mexico had hoped that it could one day become the 4th largest LNG exporter in the world. But delays at several Mexico LNG projects put that vision in doubt.
Concerns about over-investment in European regasification capacity in recent years are misplaced, conference delegates heard on Tuesday.
A renewed $4.7 bn U.S. loan for TotalEnergies’ stalled LNG project in Mozambique has sparked a backlash over mounting security threats, community displacement, and fears of a future stranded asset.
Thailand has agreed to buy more U.S. LNG, to offset pending tariff hikes, and is keen to import from the yet-to-be-built Alaska LNG project.
Trump has vowed to undo Biden-era climate programmes. Republicans are considering savage cuts to clean energy programmes that could drive up electricity costs and lead to higher emissions.
Morocco has launched a much-anticipated tender for its first imported LNG terminal in a bid to diversify gas supplies amid a wider plan to accelerate the transition to natural gas.
The Liberals won and Prime Minister Mark Carney has vowed to protect Canadian sovereignty. But there’s a risk that climate progress stalls if the oil and gas expansion continues.
LNG imports have become a political issue in South Korea, pitting an entrenched fossil fuels sector against a growingly concerned populace.
Poland’s Gdańsk LNG — the country’s second LNG import terminal — looks on track for completion in 2028, but opinions are divided as to what extent it is needed in the long-term as Polish gas demand is expected to peak in around 2030.
The Trump administration finalised a new rule that would require a small percentage of LNG exports to be done on U.S.-built and U.S.-flagged LNG tankers. But no such ships exist.
The month of April saw several modest commercial deals for U.S. LNG. But that is more than overshadowed by formidable obstacles facing new LNG projects.
Drilling activity is expected to slow, and job losses will begin to mount as demand craters.