European propane prices surged by more than $100 per tonne on Monday as tensions in the Middle East raised fears of supply disruption. The sharp rally in European propane prices reflects growing concern over shipping risks near the Strait of Hormuz. The move significantly outpaced gains in crude oil, underlining strong bullish momentum in the…
India LNG imports are facing fresh pressure as tensions around the Strait of Hormuz disrupt tanker movements. Several vessels supplying cargo from the Middle East have diverted routes, raising concerns over short-term supply at Dahej. The situation could tighten India LNG imports and push up landed prices in the coming days. Satellite tracking data shows…
North Field West LNG Contract Award The North Field West LNG expansion has moved ahead after QatarEnergy awarded a major EPCC contract to a joint venture led by Technip Energies with CCC and GAC. The contract covers onshore LNG facilities and supports Qatar’s long-term production growth strategy. The joint venture will deliver two mega LNG…
The Export-Import Bank of the United States (US Exim) has signed a US$400 million export insurance agreement to support liquefied natural gas (LNG) shipments from the United States to Turkey. The move highlights growing global demand for US LNG and strengthens energy cooperation between the two countries. Hartree Partners to Supply US LNG to Turkey’s…
Celsius Tankers has expanded its LNG fleet with a fresh shipbuilding order. The company, part of Denmark-based Celsius Shipping, has contracted South Korea’s Samsung Heavy Industries for a new LNG carrier. The vessel will have a cargo capacity of 180,000 cubic metres. Moreover, the deal strengthens Celsius Tankers’ long-term expansion strategy in the LNG shipping…
Rising geopolitical tensions between Iran and the United States have triggered fresh concerns over global energy security. For India, which depends heavily on imported fuel, the situation has prompted urgent discussions on safeguarding crude oil and liquefied natural gas (LNG) supplies. Strait of Hormuz Emerges as Key Risk India’s worries mainly revolve around the Strait…
Greece LNG gateway Europe ambitions are gaining attention as Athens strengthens its position as a key liquefied natural gas entry point. With the European Union preparing to phase out Russian gas imports by 2027, Greece is leveraging infrastructure upgrades, LNG terminals, and regional pipelines to support Europe’s energy diversification. Athens Strengthens Role in Europe’s LNG…
The GSPC Uniper LNG deal marks a major step in strengthening India’s long-term gas supply security. **Uniper SE and Gujarat State Petroleum Corporation (GSPC) signed a 10-year agreement for up to 0.5 MTPA LNG deliveries into India starting January 2028. Under this agreement, Uniper will supply LNG to GSPC through LNG terminals located on India’s…
Africa’s rapidly expanding liquefied natural gas sector will take centre stage at the Invest in African Energy (IAE) Forum in Paris this April, as governments and energy companies showcase major projects to global investors. The event is expected to highlight Africa LNG projects, gas commercialisation strategies, and export opportunities that are reshaping the continent’s energy…
