LNG News Highlights - January 7, 2025
Top Stories
Japan’s LNG Imports to Remain Steady Amid Energy Diversification Efforts
Japan’s Ministry of Economy, Trade, and Industry (METI) forecasts stable LNG imports while promoting renewable energy and reducing fossil fuel reliance. These strategies may reshape global LNG trade and supply contract flexibility.
(Source: naturalgasintel.com)
U.S. Announces $850 Million to Tackle Methane Emissions
The DOE and EPA have allocated $850 million for 43 projects aimed at reducing methane emissions in the oil and gas sector. These projects include monitoring and measuring emissions across various entities, including Tribal lands.
(Source: lngindustry.com)
Excelerate Energy Achieves 3,000th Ship-to-Ship LNG Transfer
Excelerate Energy has successfully completed its 3,000th ship-to-ship LNG transfer, marking a milestone in its operations since 2007.
(Source: offshore-energy.biz)
Mexican Firms Advance Coatzacoalcos LNG Project
Comercializadora Aqualita and Casarve Servicios are developing the Coatzacoalcos II LNG project in Veracruz, Mexico. Targeting European and South American markets, the project leverages U.S. natural gas supplies and Mexican pipeline networks.
(Source: naturalgasintel.com)
First Gen Secures 25-Year Permit for Batangas LNG Terminal
Philippine-based FGEN LNG has received approval to operate its Batangas offshore LNG terminal for 25 years, signaling growth in the country's LNG infrastructure.
(Source: offshore-energy.biz)
Market Insights
Winter Weather Elevates European Natural Gas Prices
Cold temperatures and storage withdrawals have kept European gas prices high, impacting the Title Transfer Facility (TTF) and LNG markets.Shareholders Question Shell’s LNG Strategy
A major climate resolution challenges Shell’s LNG expansion plans, questioning alignment with carbon reduction goals.
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