Fsru

Germany is preparing for its first of several new LNG import terminals to arrive offshore near the end of the week, marking a milestone in its plan to increase import capacity and cut reliance on Russian pipeline gas. The Hoegh Esperanza, a floating storage and regasification unit (FSRU) owned by Höegh LNG AS, is expected…

Excelerate Energy Inc. has for now shifted its focus to fulfilling Europe’s need for natural gas as the continent continues working to buildout import infrastructure to fill the void left by declining Russian supplies.  The company has the world’s largest portfolio of floating LNG terminals and has worked to deploy the infrastructure and pursue other…

European governments should be moving more aggressively to secure long-term LNG supplies if they hope to end reliance on Russian natural gas, experts in London said recently.  Plans to phase out fossil fuels and significantly curb emissions in the years ahead could still weaken the continent’s energy security, panelists said at Energy Trading Week in…

German utility RWE AG has secured another LNG supply source in an agreement with Abu Dhabi National Oil Company (ADNOC) that could bring additional cargoes to Germany’s developing import terminals as soon as December. RWE and the United Arab Emirates’ (UAE) state-owned ADNOC agreed to a multi-year supply contract for liquefied natural gas starting in…

Excelerate Energy Corp. has agreed to supply Germany with a fifth floating storage and regasification unit (FSRU) that could be used to increase LNG imports by next winter. The 5 Bcm/year capacity vessel chartered for five years from Excelerate, headquartered north of Houston in The Woodlands, could become the second FSRU at the liquefied natural…

Singapore-based equipment and solutions provider Twenty20 Energy plans to roll out an offshore natural gas power solution across 12 locations in Papua New Guinea as the nation seeks to electrify communities that lack access to power. The Power Island Floating Storage Regasification and Power (FSRP) solution includes power generators and regasification equipment, fuel barges and…

Following a supply deal in April, Italy plans to reduce reliance on Russian fossil fuels by investing in Algeria’s natural gas and green hydrogen and by expanding its import infrastructure with two floating storage and regasification units (FSRUs). Italy is one of Europe’s largest natural gas consumers. It has three LNG import terminals with a…

The count of floating storage and regasification units (FSRU) headed to Germany has officially risen to four as two of the nation’s major utilities pursue fast-tracked plans to increase liquefied natural gas (LNG) capacity. RWE AG and Uniper SE each have chartered two FSRUs to displace Russian gas with LNG exports from Western allies by…

European natural gas prices bounced back on Tuesday as the market appeared torn between steadily increasing liquefied natural gas (LNG) imports and the possibility of further disruptions to Russian supplies.  Russia cut off natural gas exports to Poland and Bulgaria for the countries’ refusal to comply with the Kremlin’s decree requiring European buyers to change…