Middle East conflict disrupted global natural gas markets, cutting nearly 20 per cent of LNG supply via the Strait of Hormuz, causing supply shocks, uncertainty, and sharp price increases worldwide, according to the International Energy Agency’s (IEA) latest quarterly gas market report.
QatarEnergy marked its first LNG export from the Golden Pass project in Texas, a joint venture with ExxonMobil, as a milestone toward full operations, with cargo loaded onto the new 174,000-cubic-meter Al-Qaiyyah carrier.
Burckhardt Compression, a leader in reciprocating compressor technology and systems, has secured multiple orders to supply compressor solutions for LNG terminal projects in Thailand and Taiwan.
Qatar may extend force majeure on gas supplies beyond mid-June, Italian importer Edison said, after cancellations linked to the Middle East war, with Edison replacing lost LNG cargoes by increasing purchases from the US.
The first deliveries of liquefied natural gas (LNG) from Oman to a German company have begun despite the war in Iran, said a spokesperson for the German state-owned gas supplier Sefe.
Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy has declared force majeure to its affected buyers.
Golden Pass LNG, a QatarEnergy-ExxonMobil joint venture, achieved first LNG production from its first train, advancing operations at its 18 million tonnes-per-year Sabine Pass, Texas facility and paving the way for its first cargo delivery.
The prolonged closure of Strait of Hormuz, lasting significantly longer than a month, would negatively affect global chemical production, with Mideastern and Asian producers most affected. Chemical production costs may hit a new high and global supply chains could get disrupted, said a report.
QatarEnergy said on Tuesday (March 24) it had determined that it needed to declare force majeure on some of its affected long-term LNG supply contracts, with counterparties including customers in Italy, Belgium, South Korea, and China.
Adnoc Logistics and Services (Adnoc L&S) confirmed the early delivery of Arada, a 175,000 m³ liquefied natural gas (LNG) carrier constructed by Jiangnan Shipyard in China.
