A roundup of news and commentary from NGI’s LNG Insight

  • Japan’s Mitsui & Co. Ltd. has agreed for the first time to supply gas utility Hokkaido Gas Co. Ltd. with carbon-neutral LNG. The 64,000 million metric ton cargo is set to arrive later this month. The shipment will be offset with emissions credits and delivered under an existing sales contract between the companies. 
  • Germany has agreed to pay nearly $3 billion to the owners of eight nuclear plants in the country to shut them down by 2022. The agreement is part of a plan Germany began pursuing to shutter its remaining 8 GW of nuclear capacity after the 2011 Fukushima disaster in Japan. 
  • A joint venture of Leif Hoegh & Co. and Morgan Stanley Infrastructure Partners has made an offer to acquire the remaining shares of Hoegh LNG Holdings, an LNG carrier and floating LNG import terminal operator, in a deal value at about $211 million. Investment interest in the LNG shipping sector has grown recently as the energy transition accelerates.