LNG News Highlights and Global Prices - January 21, 2025
Top Stories
Rare Gulf Coast Winter Storm Limits LNG Operations
A rare winter storm on the U.S. Gulf Coast has temporarily curtailed some LNG liquefaction activities, affecting global natural gas prices.
(Source: naturalgasintel.com)
Trump Moves to Lift LNG Export Ban, Declares ‘National Energy Emergency’
President Trump ended the Biden-era moratorium on new LNG export licenses, aiming to boost oil, gas, and LNG production, reduce regulatory barriers, and further U.S. energy dominance.
(Sources: offshore-energy.biz, naturalgasintel.com, reuters.com)
Portugal to Increase U.S. and Nigerian LNG Imports, Ends Russian Supply
Portugal’s Environment Minister confirmed plans to step up LNG purchases from the U.S. and Nigeria as the nation phases out Russian gas.
(Source: reuters.com)
Argentina’s YPF Seals LNG Export Deal with Indian Firms
Argentina’s state-owned YPF inked an MoU with three Indian companies to potentially export up to 10 million metric tons of LNG annually.
(Source: reuters.com)
Market Insights
Gulf Coast Storm Impacts U.S. Supply
The unexpected Gulf Coast winter weather event is adding volatility to the global LNG market, constraining feed gas flows and fueling higher spot prices.European Gas Prices Swing Amid U.S. Export Changes
European prices fluctuated as President Trump lifted restrictions on U.S. LNG exports, relieving some supply uncertainty.Big Oil Braces for Slump in LNG Profits
Stabilizing global LNG prices could reduce earnings for major oil companies after a period of strong returns in LNG trading.
Industry Milestones
HAM Group Opens Service Station in Strasbourg
HAM inaugurated its third French service station offering LNG-CNG fueling options, signaling continued expansion of alternative fuels in Europe.
(Source: lngindustry.com)
South Africa Taps More LNG Supply
South Africa is set to receive additional LNG from Botswana’s Botala Energy, bolstering the region’s gas imports.
(Source: offshore-energy.biz)
BBG Receives 1000th LNG Tanker
Bahía de Bizkaia Gas celebrated the arrival of its 1000th LNG carrier, underscoring Spain’s role in Europe’s LNG ecosystem.
(Source: lngindustry.com)
Career Opportunities in LNG
Winter Operations Specialist - Gulf Coast, USA
Supply Chain Manager - Portuguese LNG Imports
LNG Export Coordinator - Argentina/India
Oil & Gas Regulatory Advisor - Global
Check more at LNG Career.
Training and Certifications
Managing LNG Operations in Extreme Weather
International LNG Export Laws and Regulations
Sustainable LNG Import Strategies
Visit LNG University for details.