LNG Market Insights and Global Prices – January 29, 2025
Top Headlines
Woodside Nears FID on Louisiana LNG Export Project
Woodside Energy is moving closer to a final investment decision (FID) on its Louisiana LNG project, with plans for a 16 Mt/y development. The company recently acquired Tellurian Inc. for $1.2 billion and reaffirmed its Bechtel construction contract.
(Source: naturalgasintel.com)
EU Holds Off on Russian LNG Ban Pending Alternative Supplies
The European Commission did not propose banning Russian LNG in its latest sanctions package, citing concerns over securing alternative supplies, including from the U.S.
(Source: reuters.com)
LNG Prices Set to Ease in 2025 After Record Lows in 2024
Drewry Shipping Consultants forecasts LNG prices will settle at $14-15/MMBtu in 2025, following last year’s record-low prices.
(Source: gasworld.com)
Industry Developments
CMA CGM Orders 12 LNG Dual-Fuel Containerships in South Korea
The French shipping giant has booked 12 LNG-powered, 18,000 TEU containerships from HD KSOE.
(Source: offshore-energy.biz)Galveston LNG Bunker Port Project Secures Environmental Permits
Seapath and Pilot LNG have obtained key environmental permits for the development of the Galveston LNG Bunker Port (GLBP).
(Source: offshore-energy.biz)Venture Global Expands LNG Output at Plaquemines Facility
Federal regulators approved Venture Global to introduce natural gas into its seventh block at Plaquemines LNG in Louisiana, further ramping up U.S. LNG production.
(Source: reuters.com)
Global LNG Trade Updates
Bangladesh Secures LNG from Argent LNG’s Louisiana Facility
Bangladesh has signed a deal to purchase LNG from Argent LNG’s planned export terminal in Louisiana.
(Source: offshore-energy.biz)Germany Increases Russian LNG Imports via Other EU Ports
Despite not importing LNG directly from Russia, Germany has significantly increased its purchases via France and Belgium.
(Source: oilprice.com)Mozambique President Discusses LNG Project Restart with TotalEnergies
Mozambique’s President Daniel Chapo met with TotalEnergies’ CEO to discuss the restart of the company’s $20 billion LNG project.
(Sources: reuters.com, bloomberg.com)
Career Opportunities in LNG
LNG Project Manager – Louisiana FID Development
Supply Chain Analyst – Global LNG Logistics
Environmental Specialist – LNG Bunkering Regulations
Find more roles at LNG Career.
Training & Certifications
LNG Market Dynamics & Price Forecasting
Shipping & Logistics for LNG Operators
Environmental Permitting for LNG Facilities
Explore courses at LNG University.