LNG News Highlights and Global LNG Prices - January 15, 2025
Top Stories
EU Mulls Gradual Ban on Russian LNG Imports
The European Union is considering a phased ban on Russian LNG as part of its 16th sanctions package, potentially adding aluminum import restrictions to further pressure Moscow.
(Sources: oilprice.com, bloomberg.com)
Investment in Western LNG Boosts Ksi Lisims, PRGT Projects
Substantial backing for Western LNG LLC is expected to propel the Ksi Lisims LNG and Prince Rupert Gas Transmission projects toward a final investment decision later this year.
(Source: lngindustry.com)
Asia’s Low LNG Demand Eases Pressure on Europe
Despite initial fears of a bidding war, Asia’s lukewarm LNG demand has provided some relief to Europe, struggling to replace Russian gas.
(Source: bloomberg.com)
MOL and JERA Ink Long-Term Charter for New LNG Carrier
Mitsui O.S.K. Lines has signed a deal to build and charter a new LNG carrier to JERA, enhancing Japan’s LNG shipping capacity.
(Source: lngindustry.com)
Trump’s Pick for DOE Emphasizes LNG, Nuclear Power
Chris Wright, President-elect Donald Trump’s nominee for the U.S. Energy Department, plans to expand domestic LNG and nuclear power under the new administration’s energy agenda.
(Source: reuters.com)
Market Insights
Global LNG Market in Flux
Europe and Asia continue to compete for supply as the EU contemplates a Russian LNG ban. Meanwhile, major expansions like Ksi Lisims in Canada are moving toward FID, signaling shifts in global trade patterns.Russian Gas Pivot to Asia
With the EU considering new sanctions, Russia is courting Asian markets for both piped gas and LNG exports, though projects like Arctic LNG 2 face fresh challenges.
Industry Milestones
U.S. Feed Gas Demand Affected by Maintenance
Record-breaking U.S. LNG feed gas demand has been briefly tempered by maintenance events at Freeport and Sabine Pass.
(Source: naturalgasintel.com)
MSC Expands LNG Dual-Fuel Fleet
MSC Viola, a 16,000 TEU LNG dual-fuel vessel, was delivered 172 days ahead of schedule in Tianjin, China.
(Source: offshore-energy.biz)
UECC Performs First Bio-LNG Truck-to-Ship Transfer in Spain
United European Car Carriers achieved a Spanish first with a truck-to-ship bio-LNG bunkering operation.
(Source: lngindustry.com)
Career Opportunities in LNG
LNG Policy Advisor - European Union
Project Engineer - Ksi Lisims/PRGT Projects - Canada
LNG Operations Manager - Asia
Maintenance Specialist (Freeport/Sabine Pass) - USA
Environmental Compliance Analyst - Global
Explore more at LNG Career.
Training and Certifications
Advanced Sanctions and LNG Trade
Sustainable LNG Shipping Practices
Global LNG Market: Policy and Strategy
Find details at LNG University.