Fsru

Singapore’s plan for a second LNG terminal by the end of the decade is forecast to meet almost all of the country’s power generation, and it could help extend Singapore’s role as a key trading hub for the super-chilled fuel. Although peak utilization was only at 60% this year at Singapore’s Jurong import terminal, concerns…

Excelerate Energy Inc. has expanded its operations in South Asia after agreeing to supply Bangladesh with more LNG.  Excelerate, headquartered in The Woodlands north of Houston, has one of the world’s largest portfolios of floating liquefaction terminals. It signed a 15-year sales and purchase agreement (SPA) with state-owned Petrobangla to provide up to 1 million…

Germany wants to secure the delivery of future LNG supply contracts for its floating storage and regasification units (FSRUs) with a contractual delivery obligation to guarantee security of supply for at least 50% of the capacity offered in a series of auctions starting next month. Many liquified natural gas supply contracts do not have a…

Germany, Europe’s largest natural gas user, will continue to be at risk of supply shortfalls for the next four years until additional gas storage capacity and LNG terminals can be placed online, according to the country’s gas storage system operator. System operator Initiative Energien Speichern eV’s (INES) forecasters plotted outcomes for “normal, warm and cold…

Germany’s government is moving to site another floating storage and regasification unit (FSRU) as the volume of U.S. natural gas entering the country reaches new heights. In a recently approved bill, Germany’s Federal Ministry for Economic Affairs and Climate Action amended plans to ramp up short-term LNG import capacity by including an FSRU terminal at…

Europe’s energy crisis is likely to “influence the LNG supply and demand balance through the end of this decade and beyond,” according to Excelerate Energy Inc. CEO Steven Kobos.  But beyond import terminals in Europe, Excelerate also is maintaining long-term focus on the continued strength of its South American liquefied natural gas business. Three of…

Excelerate Energy Inc. is looking for more opportunities to grow its nascent LNG portfolio, but not only with U.S. projects, as it expands its role as a global natural gas supplier. CEO Steven Kobos said during a fourth quarter earnings call that the company, headquartered in The Woodlands near Houston, had pivoted its “near-term commercial…

A year after Russia’s invasion of Ukraine splintered the energy landscape in Europe, the region is continuing to diversify its natural gas supply, thanks in part to a wave of LNG imports. However, it still faces years of possible shortages as global export capacity remains tight. Since last February, liquefied natural gas imports have taken…

TotalEnergies SE and Switzerland-based energy supplier MET Group said Friday they’ve secured regasification capacity at the new offshore LNG import terminal at Lubmin on Germany’s Baltic Sea coast.  TotalEnergies said it is now one of Germany’s main liquefied natural gas suppliers, while MET Group said the capacity would allow it to fulfill agreements signed with…