LNG News Highlights and Global Prices - January 13, 2025
Top Stories
Venture Global Targets $110 Billion Valuation in IPO
The U.S. LNG exporter Venture Global LNG is setting the stage for 2025’s first blockbuster IPO with a target valuation of up to $110.38 billion.
(Source: oilprice.com, reuters.com)
Mexico Develops LNG Project for Europe and South America
Mexican developers are advancing a new LNG project in Coatzacoalcos, Veracruz, aimed at European and South American markets.
(Source: naturalgasintel.com)
10 EU Nations Push for Tougher Sanctions on Russian LNG
A group of European Union nations is calling for stricter sanctions on Russian natural gas and LNG to curb dependency and enforce price caps on oil.
(Source: bloomberg.com)
ADNOC Awards $2.1 Billion in LNG Supply Contracts
ADNOC Gas has awarded contracts for an LNG pre-conditioning plant, compression facilities, and pipelines to support its Ruwais LNG project.
(Source: gasworld.com)
Colombia’s Push for Green Energy Increases LNG Imports
As Colombia reduces its reliance on domestic reserves, the country is increasing LNG imports, creating a larger carbon footprint.
(Source: bloomberg.com)
Market Insights
Natural Gas Futures Surge Above $4
Prices are driven by relentless cold weather and record LNG demand globally.
(Source: naturalgasintel.com)Germany’s Costly LNG Terminals See Low Utilization
High costs of LNG terminal usage in Germany are leading to reduced imports, highlighting inefficiencies in energy infrastructure.
(Source: bloomberg.com)
Industry Milestones
UAE Conducts First LNG Bunkering Operation
Monjasa and Costa Cruises completed the Middle East’s first LNG bunkering at the Dubai Harbour Cruise Terminal.
(Source: lngindustry.com)
BP’s Greater Tortue LNG Project Nears Startup
BP is advancing its offshore Mauritania and Senegal LNG project, which is expected to play a key role in Africa’s energy development.
(Source: naturalgasintel.com)
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