Germany wants to build four instead of three floating storage and regasification units (FSRUs) as it strives to replace Russian gas with liquefied natural gas (LNG) that can be sourced from many countries, the economy ministry said on Sunday.

Chancellor Olaf Scholz’s government is seeking alternatives to gas pipeline deliveries from Russia with the goal of reducing imports to zero in two years.

President Vladimir Putin’s decision to invade Ukraine shattered a belief held broadly over decades in Germany that economic cooperation with Russia would secure peace in Europe.

Germany Aims for Fourth FSRU in Race to Cut Off Russian Gas | Devamı>>>

The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception. Because of the Covid-19 pandemic, the market witnessed a reduction in the global gas demand in 2020, which resulted in a slowdown of the global LNG trade and lower-than-expected demand for LNG carriers.

These developments, coupled with the commissioning of a large number of new carriers, led to the oversupply of LNG carriers in the shipping market.

New Trends On The Global Market Of Lng Carriers | Devamı>>>

China’s imports of liquefied natural gas will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand.

With its total natural gas use likely expanding at 4-6% this year, China is the only major bright spot on the world gas market, where demand is set to fall by about 4% as the global economy contracts due to coronavirus lockdowns.

China on Course for Record LNG Imports as Industries Recover Expand | Devamı>>>

Asian spot liquefied natural gas (LNG) prices rose this week as there were supply issues in Australia and the United States, while several buyers were looking for cargoes. The average LNG price for October delivery into northeast Asia LNG-AS was estimated at $4.5 per million British thermal units (mmBtu), $0.45 per mmBtu above last week’s level, market sources said.

This is the highest price since late January, Reuters price assessment data showed.

Asian LNG Prices at More Than Seven-Month High Amid Supply Issues | Devamı>>>

Gas looks to have the best growth prospects among fossil fuels, a bridging fuel for the energy transition with its low-carbon intensity on combustion.

Oil and gas companies have been poised to spend heavily on new supply to meet demand growth this decade. But the gas market has turned out to be a slow-motion car crash in 2020.

I asked Kristy Kramer, Head of Global Gas Market Research, why the market has unravelled and what the prospects are for recovery.

How Will Natural Gas Navigate The Post-Coronavirus World? | Devamı>>>

Shares of U.S. liquefied natural gas companies tumbled on Thursday as China’s biggest importer of the fuel suspended some purchases amid weaker demand and a global glut that has driven prices to record lows.

China is the world’s second-largest LNG importer but its spot purchases have nearly ground to a halt as the economic effects of business closings due to the spread of the coronavirus, as well as lower heating demand from a relatively warm winter.

Shares of U.S. LNG Firms Tumble as China Demand Slumps | Devamı>>>

Calls for cleaner air and cuts in carbon emissions should boost global demand for natural gas over the next few decades, says Royal Dutch Shell.

The Anglo-Dutch energy company expects gas to account for more than 40 per cent of total energy growth until 2035, according to the company’s annual outlook for liquefied natural gas. This makes gas the largest source of growth in global energy usage over that period.

The predictions from the world’s largest buyer and seller of gas come as global trade in LNG, the super-cooled fuel, rose 10 per cent in 2018 to 319m tonnes, thanks to strong demand from Asia, particularly China.

Shell Sketches Bright Future for Liquefied Natural Gas | Devamı>>>

Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.

Though the project started up later and cost more than originally estimated, it is expected to further cement Australia’s lead as the world’s biggest LNG exporter, after the country took the crown in November.

World’s Largest Floating LNG Platform Starts Production in Australia | Devamı>>>