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

  • Mercuria Energy Trading SA said Tuesday it has secured a nearly $550 million credit facility backed by Italy’s Export Credit Agency to help supply natural gas and LNG to the country. 
  • The agreement is the latest sign that Europe is accelerating efforts to replace Russian gas imports. Trafigura Group Pte Ltd. secured a similar deal with Italy earlier this year, as well as a $3 billion loan guaranteed by the German government last year to buy natural gas. European offtakers are also signing more long-term supply deals for LNG.
  • UK-based Ineos Group Ltd. said Tuesday it has agreed to buy two LNG carriers that will be built by Mitsui OSK Lines in South Korea. Ineos entered the LNG market last year after it agreed to buy 1.4...