LNG Market Insights and Global Prices – January 5, 2025
Top Headlines
Total CEO Rejects Venture Global Over Lack of Trust
TotalEnergies CEO Patrick Pouyanne stated that the company chose not to sign long-term LNG supply agreements with Venture Global due to trust issues.
Source: Reuters
China’s Energy Tariffs Shake Up Global Oil and LNG Trade
China’s newly imposed tariffs on U.S. energy exports could disrupt global commodity trade flows, affecting oil and LNG markets.
Source: OilPrice
TotalEnergies CEO Confirms Strong Commitment to U.S. LNG Despite Trade Tensions
TotalEnergies remains committed to U.S. LNG investments, dismissing fears that increasing exports could lead to higher domestic gas prices.
Source: Reuters
Industry Developments
Ukraine Explores LNG Imports and Storage from the U.S.
Ukraine is evaluating LNG imports from the U.S. to strengthen European energy security following the halt of Russian gas transits.
Source: Reuters
Baker Hughes CEO Highlights Rising Natural Gas Equipment Demand
The demand for natural gas equipment beyond LNG exports is growing, particularly in power generation.
Source: Natural Gas Intel
Alfa Laval Acquires NRG Marine for Anti-Fouling Solutions
Alfa Laval has expanded its operational services portfolio with the acquisition of NRG Marine, a provider of ultrasonic anti-fouling technology.
Source: LNG Industry
Global LNG Trade & Market Trends
TotalEnergies Reports Q4 Profit Growth Fueled by LNG Trading
TotalEnergies' Q4 2024 results exceeded expectations due to strong LNG trading performance, despite weaker refining margins.
Source: OilPrice
LNG Shipping Rates Drop as Fleet Capacity Surges
Newly built LNG carriers have outpaced demand, pushing shipping rates to a five-year low.
Source: Reuters
Petronas Gas Agreement with Sarawak Excludes LNG Operations
Petronas recognizes Sarawak’s role as a gas distributor, but LNG operations remain separate.
Source: Bloomberg
Career Opportunities in LNG
LNG Logistics Coordinator – U.S. LNG Exports
LNG Market Analyst – European Supply & Demand
Natural Gas Project Engineer – LNG Infrastructure
Explore more roles at LNG Career.
Training & Certifications
LNG Market Dynamics & Price Forecasting
Regulatory Compliance for LNG Contracts
Advanced LNG Plant Operations & Safety
Find more courses at LNG University.