LNG News Highlights and Global Prices – January 28, 2025
Top Stories
Venture Global Expands LNG Production at Plaquemines
Venture Global LNG has received approval from federal regulators to introduce natural gas into the seventh block of its Plaquemines LNG plant in Louisiana, marking another step in ramping up production.
(Source: reuters.com)
Bangladesh Signs LNG Deal with Argent LNG’s Louisiana Export Terminal
The Government of Bangladesh has secured LNG supply from Argent LNG’s planned export facility in Louisiana, reinforcing energy security for the South Asian nation.
(Source: offshore-energy.biz)
Global LNG Imports to Hit One-Year High as Europe Outbids Asia
Driven by strong winter demand, European LNG imports are at their highest in a year, drawing cargoes away from Asia.
(Source: oilprice.com)
Industry Updates
Germany’s Imports of Russian LNG Rise via EU Ports
Despite sanctions, Germany is indirectly increasing imports of Russian LNG through France and Belgium.
(Source: oilprice.com)
Mozambique’s President Discusses LNG Project with TotalEnergies’ CEO
Mozambique’s new President, Daniel Chapo, met with TotalEnergies' CEO to discuss the restart of the $20 billion LNG project.
(Sources: reuters.com, bloomberg.com)
ADNOC Gas Secures $450M LNG Deal with Japan’s JERA
ADNOC Gas has signed a three-year LNG supply agreement worth $450 million with Japan’s JERA Global Markets.
(Sources: gasworld.com, offshore-energy.biz)
Market Insights
Trump’s Tariff Push Boosts U.S. LNG Exports to Asia
Trade policies under President Trump are expanding the U.S. presence in Asian LNG markets.
(Source: oilprice.com)U.S. LNG Producers Expected to Gain Asian Market Share
With U.S. trade policies favoring surplus trade partners, Japan and South Korea are set to increase U.S. LNG imports at the expense of Australian suppliers.
(Source: bloomberg.com)LNG Jia Xing Completes Five-Year Classification
The LNG carrier Jia Xing has successfully completed its first-class survey after five years in operation.
(Source: lngindustry.com)
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