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at the end of this month we will increase prices for LNG.Team. Existing subscribers will continue paying the price they have right now and new subscribers BEFORE Sep 30th will pay €79/month for as long as they remain subscribed. After that, the new price for all NEW subscribers will be €289/month. So if you are not subscribed to the paid version yet, do it now! (link)
Also, in this new phase, we will revamp this weekly newsletter, adding much more commentary and insights on what happens in the market, and links to hard-to-find information and reports. And sending it to all of you on Wednesdays now.
📌 Latest News:
🇮🇹 🇨🇳 This week, we got an important piece of information: the reported price for the 8,000 cbms ship built for Fratelli Cosulich (link) Interesting because it’s in line with other ships built in China and because it confirms a relatively stable market.
🇲🇾 🇨🇳 Petronas has announced a supply agreement with China. Part of that volume might come from Canada in the future, but it surely opens the opportunity for an increase in small scale LNG shipments anyway. (link)
🇲🇽 Mexico prepares a tender process for a floating LNG plant and a pipeline (link, subscription), (link, in Spanish to the official tender document), (link, in Spanish, to the Linkedin announcement), (link, in Spanish, to the Google cache of the document in case server fails).
This is another project in Mexico, a country that seems committed to expanding rapidly with LNG projects all over the country, in many cases with the help of US companies that see the Mexican market as a natural extension of theirs.
🇱🇹 A small celebration is needed after 250 Ship to Ship Transfers in Lithuania’s Independence FSRU. Because it’s necessary to remember how the industry is advancing steadily and without any major issues (link)
🇮🇪 New Fortress Energy continues a very aggressive push to be present everywhere. This time, with a project for an FSRU in Ireland (link) Please note that the project includes a 120MW one-hour battery integrated and the goal is to help balance the renewables in the area. Fascinating!
🇵🇭 An interesting report titled “LNG Pricing and Market Opportunities in the Philippines” (link, pdf) brings some light the the country’s energy sector. Sponsored by US agencies but nevertheless, don’t miss it if you are interested in the Philippines energy sector, 39 pages of excellent information!!
🇪🇺 The EU follows closely what its members are doing: “Percentage emission reductions compared with 2019 levels required by EU Member States to meet their emission reduction commitments for 2020-2029 and 2030 onward” (link)
🇨🇦 Two Canadian small-scale LNG projects and a fleet of ISO containers are up for sale. A total of 225,000 MTPA. Interested? (link) Apparently the reason for the sale is the death of the founder (link)
🇹🇷 LNG Bunkering in Turkey: and agreement that could quick off the market in the country (link) No details on how this will be done, but Sumitomo is involved.
🇬🇭 Watch this interesting interview with Kwaku Boakye-Adjei, Founder of Tema LNG in Ghana (link)
🇮🇹 The Ravenna small-scale terminal got their first cargo (link)
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