LNG Market Insights – January 30, 2025
Top Headlines
Baker Hughes Secures Major LNG Contracts from Venture Global
Baker Hughes has been awarded a key contract to supply modular liquefied natural gas (LNG) systems and power islands for Venture Global's U.S. LNG projects.
(Source: gasworld.com)
Buyers Rush to Secure U.S. LNG Amid Trump’s Tariff Threats
LNG importers including Japan, India, and Kuwait are negotiating additional LNG supply deals with the U.S. as the risk of new tariffs looms.
(Source: oilprice.com)
Shell’s Earnings Decline Due to Lower LNG Volumes and Sales
Shell’s Q4 2024 earnings dropped to $3.7 billion from $6 billion in Q3, as its LNG liquefaction and sales volumes declined.
(Source: gasworld.com)
Industry Developments
White & Case Advises JERA on LNG Carrier Charter
The legal firm advised Japan’s JERA on securing a long-term charter for a newbuild LNG carrier.
(Source: lngindustry.com)Svitzer Secures Long-Term Towage Contract for Oman LNG Terminal
Svitzer will provide towage services at Oman’s LNG terminal near Sur under a new long-term agreement.
(Source: offshore-energy.biz)Germany’s Private LNG Terminal Faces Competition from State-Owned Operator
Deutsche ReGas warns that lower prices from state-run Deutsche Energy Terminal could threaten its business.
(Source: reuters.com)
Global LNG Trade & Market Trends
DoE’s LNG Export Study Finds Minimal Impact on Global Emissions
A new U.S. Department of Energy report concludes that boosting U.S. LNG exports will have a negligible effect on global greenhouse gas emissions.
(Source: oilprice.com)Venture Global Nears Completion of Calcasieu Pass Repairs
Repairs at Venture Global’s Calcasieu Pass power plant could be completed by February, potentially finalizing the long commissioning phase of the facility.
(Source: reuters.com)Woodside Nears FID for Louisiana LNG Project Amid Investor Support
Woodside Energy is advancing toward a final investment decision for its Louisiana LNG project, planning a 16 Mt/y phase.
(Source: naturalgasintel.com)
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Logistics Coordinator – U.S. LNG Supply Chain
Regulatory Analyst – LNG Permitting & Policy
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