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…
Fsru
Articles from Fsru
Morocco Exploring Natural Gas Supply Alternatives After Losing Algerian Contract
The government of Morocco has invited bids to consider a floating storage and regasification unit (FSRU) and associated infrastructure at Mohammedia Port near Casablanca, the Agence Nationale des Ports (ANP) said this month. Last November, Algeria canceled its long-term 1 billion cubic meters (Bcm)/year supply contract to Morocco via the Maghreb-Europe Gas Pipeline because of…
Excelerate Starts LNG Operations in Bahia as Brazil Imports Boom
Floating specialist Excelerate Energy has started delivering natural gas to the Brazilian market at the Bahia regasification terminal in Salvador, Bahia. Excelerate’s floating, storage and regasification unit (FSRU) Excelerate Sequoia has an LNG storage capacity of 173,400 cubic meters. Excelerate and Brazilian state oil company Petróleo Brasileiro (Petrobras) signed the lease contract at the end…
Argentina’s Second LNG Import Terminal Starts Operations to Meet Winter Demand
Gas-rich Argentina is back to importing natural gas from two ports with the startup of Excelerate Energy LP’s Exemplar floating storage and regasification unit (FSRU) at Bahía Blanca. The new liquefied natural gas (LNG) import option adds to the existing Excelerate FSRU now stationed at Escobar, also in Buenos Aires province. The Exemplar FSRU has…
Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter
Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…
NextDecade Set to Sanction ‘Minimum of Two Trains’ This Year Despite MOU Expiration
NextDecade Corp. has stopped all development activities for a liquefied natural gas (LNG) import terminal in Ireland, but the Houston-based developer still plans to reach a final investment decision (FID) this year on “a minimum of two trains” at the proposed export terminal in South Texas. A memorandum of understanding (MOU) reached in 2017 between…
India’s Bharat Planning FSRU for LNG Imports
Indian state-owned Bharat Petroleum Corp. Ltd. (BPCL) said Monday that it is planning to invest around $240 million to build a floating storage and regasification unit (FSRU) at the deepwater port at Krishnapatnam on the east coast.
German LNG Project, Supplied in Part with Texas Gas, Secures HOA with ExxonMobil
A unit of ExxonMobil Corp. has entered into a heads of agreement (HOA) to take a “substantial share” of capacity long term from Uniper SE’s planned natural gas floating storage and regasification unit (FSRU) in Germany.
Mexico Cancels Floating Storage and Regasification Tender for Southern Gas Supply
The tender for a 600 MMcf/d floating storage and regasification unit (FSRU) in the Pajaritos port in the southern Gulf of the Mexican state of Veracruz has been called off, sources have told NGI’s Mexico GPI.
Hong Kong to Join Asian LNG Importers; Boost Power Generation
Misui OSK Lines (MOL) has signed a preliminary agreement to deploy a floating liquefied natural gas (LNG) unit in Hong Kong and supply two of the city-state’s largest electric generation plants.