LNG Prime’s Post

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Europe continues to be a significant destination for US LNG cargoes. According to a recent report, Europe remains the main market for American liquefied natural gas shipments. This highlights the strong demand for LNG in Europe and the importance of US exports in meeting that demand. The continued reliance on US LNG demonstrates the competitiveness and reliability of American suppliers in the global market. #LNG #exports

Pleasing to see this floating LNG terminal in the Philippines targeting another cargo - which will be the fourth since the facility entered operation in August. The Philippines has identified a pairing of gas-fired power and renewables as as key to reducing a reliance on high-emitting coal that has grown considerably over the past decade. It's critical that gas-producing nations around the world continue to bring on future projects that will help meet the long-term energy needs of the Philippines and other emerging Asian economies. With sufficient global availability of LNG, these countries will be able to look at longer-term contracting agreements that can support energy security and energy transition through the decades ahead. #lng #lngindustry #naturalgas #naturalgasindustry #energytransition

In an ongoing effort, Mexico is developing 31 mtpa of LNG export capacity on its west coast, with most of the feed expected to come through imports — primarily from the United States. https://ow.ly/syZL50TcEUE

France was the top destination for US liquefied natural gas supplies in February, as European terminals continue to receive the majority of US #LNG volumes, according to the Department of Energy’s newest LNG monthly report. #lngprime

Another step forward looms for Vietnam's fledgling LNG import industry. The Cai Mep import terminal is set to be the second to enter operation in Vietnam, which is aiming to have 13 LNG-fired power plants and have LNG make up 15% of the country's installed power generation capacity by 2030. Vietnam, which currently relies on coal for nearly 50% of its power generation, started importing LNG for the first time in 2023. #lng #naturalgas #energytransition #decarbonisation #decarbonization

Developers Ask DOE to Approve 4 MMty Gato Negro LNG Project in Mexico https://ift.tt/3961DhF Mexican developers backed by Big River Energy LLC are seeking approval from the Department of Energy (DOE) for a 4 million metric ton/year (mmty) LNG export project in Manzanillo that would be fed by U.S. natural gas. Gato Negro Permitium Uno SAPI de CV filed a request with the DOE to import up to 0.647 Bcf/d of natural gas from the Waha hub in West Texas that would be delivered to the terminal for up to 20 years. It also requested approval to re-export up to 0.556 Bcf/d of liquified natural gas to free trade agreement (FTA) countries for 20 years, starting in 2027. “Applicant plans on exporting natural gas to FTA countries through the duration of the 20-year term of the authorization requested herein, by negotiating and entering into one or more supply agreements of various durations with natural gas producers and marketers in the Permian Basin and potentially other production areas in Texas,” the developers wrote in a filing to DOE. [Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.] The terminal, dubbed Gato Negro Manzanillo LNG in the filing, would consist of up to four modular trains. Along with a jetty for waterborne exports, developers also have proposed building equipment to load trucks that could deliver LNG to the domestic market. Gato Negro is an affiliate of Big River Energy, which has a separate authorization from the DOE to up to 13.58 Bcf/year of natural gas to Mexico until the end of 2024. The firm also has a pending application to export gas to Mexico by truck through 2030. The project is proposed to be built in the state of Colima, but developers asked that the exact location be kept confidential. Colima also is home to Manzanillo LNG, a 3.8 mmty import terminal owned by a joint venture of Korea Gas Corp., Mitsui & Co. and Samsung. Gato Negro plans to supply feed gas to the terminal on TC Energy Corp.’s Guadalajara Manzanillo pipeline through agreements for transport from either the Roadrunner Pipeline LLC, the Comanche Trail Pipeline LLC or the Trans-Pecos Pipeline LLC, according to the filing. Growing feed gas demand from Mexican LNG terminals and an overall increase in U.S. imports south of the border is expected to lift Waha prices ahead of Gato Negro’s proposed startup in 2027. NGI’s Waha fixed forward prices Wednesday were $1.415/MMBtu for the balance of summer, compared with $2.239 in summer 2025. Mexico has 7.5 mmty of LNG capacity under construction, according to NGI’s North American LNG Project Tracker. Most of the facilities are expected to use U.S. feed gas. While new permits to export U.S. natural gas to non-FTA countries are currently paused as the DOE reviews its policies for approval, administrators have said it could still grant FTA permits. The project developers told DOE staff the terminal could benefit FTA coun...

The United States was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports. Last year marks the third consecutive year in which the United States supplied more LNG to Europe than any other country: ▶️ 27% of total European LNG imports in 2021 ▶️ 44% in 2022 ▶️ 48% in 2023 https://lnkd.in/eeM3qsqp #naturalgas #LNG #Europe

Liquefied natural gas (LNG) trade increased 3.1% globally in 2023 to average 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d from 2022. LNG export capacity expanded primarily in the United States, Mozambique, Russia, Indonesia, Norway, and Oman. In the United States, Freeport LNG returned to service in February 2023 after being offline since June 2022, and it was operating at full production capacity by April. Developers in both Mozambique and Russia commissioned new projects in 2022—the 0.4-Bcf/d Coral South Floating LNG in Mozambique and the 0.2-Bcf/d Portovaya LNG in Russia—and these projects reached full production in 2023. In Indonesia, the Tangguh LNG export facility added a third train. Norway and Oman increased LNG production capacity by optimizing operational efficiency of existing LNG plants. LNG import capacity was expanded primarily in Europe and Asia. In Europe, operators placed several new Floating Storage and Regasification Units in service and expanded regasification capacity at some existing terminals. In Asia, new capacity was added primarily in China, India, the Philippines, and Vietnam. (Global trade in liquefied natural gas continued to grow in 2023 – Today in Energy – EIA (U.S. Energy Information Administration) – July 11th 2024) #LNG #LNGTrade #LNGexports #LNGImports #LiquefiedNaturalGas

In a recent article published on Yahoo Finance UK, it was reported that Germany is making significant strides in building Liquid Natural Gas (LNG) import terminals. This move is part of the country's broader strategy to diversify its energy sources and reduce dependence on coal. The report provides an in-depth analysis of Germany's progress in this area, highlighting the key projects and their current status. Read more about it here: [insert link]. What are your thoughts on Germany's strategic move towards LNG? #EnergyDiversification #SustainableEnergy