LNG Transportation

The Prime Minister Donald Tusk announced on Tuesday that Poland will build a floating LNG terminal in Gdansk with a second regasification vessel. This is due to the overwhelming interest of shippers. "The commercial interest is large enough for the project to not require budget involvement," Tusk told reporters before a cabinet meeting in Warsaw. The two terminals in the Baltic, along with a portfolio of LNG contracts, will allow Poland to become a hub of fuel deliveries from the U.S. Gaz-System, the Polish gas pipeline operator, will be able to move forward with the project due to the interest...

Middle East oil producers will have to face the consequences. The Iran War exposed the dangers of relying solely on one chokepoint to export vital oil and natural gas. Gulf governments were left with a clear strategy imperative: diversify at all costs. A blockade of Strait of Hormuz by Iran was long viewed as an "event of doomsday". It would never occur. Experts believed it would take a massive military effort, and Tehran would not be willing to choke off its own exports. These assumptions proved to be wildly wrong. Iran used cheap drones, small vessels, and mines to impose...

The U.S. National Hurricane Center announced on Wednesday that Tropical Storm?Arthur?formed off the Texas coast. It is expected to cause life-threatening floods in parts of the Southeastern U.S. The first named system for the 2026 Atlantic Hurricane Season was about 40 miles east-northeast from Port O'Connor in Texas on Wednesday morning. It produced maximum sustained winds of 65 km/h. Tropical storm warnings are in effect from High Island, Texas to Morgan City, Louisiana. This is an important energy corridor, which includes major refineries, liquefied gas processing facilities, and other key energy infrastructure around Port Arthur and Lake Charles. Earth Science...

Zach Davis, Chief Financial Officer of Cheniere Energy, stated on Tuesday that the company does not believe developing countries will rely solely on America for their energy needs. Davis said that he did not expect many countries in the developing world to rely on the U.S. for their energy security, particularly at this time. His comments came at a time when details were emerging about an interim agreement to 'end the U.S. - Iran war and reopen Strait of Hormuz. This key waterway 'carried around 20% of the global oil and natural gas supply before it was closed off by...

Data from a ship tracking system showed that India's Petronet had sent a liquefied gas tanker across the Strait of Hormuz on Monday, the first shipment since the United States reached a deal with Iran to reopen this strategic waterway. The limited traffic highlights the caution among shippers, who welcomed the deal but still await more details (including mine clearances in the strait) before allowing vessels to pass. The global oil price fell by about 4% on the Monday after the United States and Iran signed a memorandum in Switzerland on Friday, which outlines the steps to be taken to...

Shell announced?on Friday that it would suspend its $3 billion share-buyback programme until July 14 due to securities law requirements related to its pending $16.4 Billion acquisition of ARC Resources, and the Canadian Company's upcoming shareholders vote. Shell announced that any shares that are not purchased during the suspension period will be added to the remaining?of its 2026 buyback programs, subjected to board approval. Shell reduced its quarterly share repurchase?programme to $3 billion in May from $3.5 billion, to conserve cash for the balance sheet. This was due to a short-term liquidity squeeze following war-related disruptions to energy supply. Shell...

The preliminary data of financial firm LSEG shows that U.S. liquefied gas exports dropped to 10.2 million metric tonnes (MT) in the month of May, which is the?lowest amount this year excluding January's shorter months, due to seasonal maintenance. The decline was primarily due to planned outages at several export plants as operators completed spring maintenance, after delaying earlier work in the year. Cheniere Energy, along with some U.S.-based exporters, had delayed maintenance in March in order to maximize shipments into Asia. This was due to supply disruptions caused by reduced Qatari supplies that resulted in almost 20% loss in...

China could receive its 'first direct U.S. liquefied gas shipment to China in over a year' in a possible sign of thawing ties in the energy sector as U.S. president Donald Trump heads this upcoming week to Beijing for a meeting with Chinese President Xi Jinping. According to LSEG, three vessels left U.S. export LNG plants in Louisiana in the last week. They are expected to arrive in China between mid- and late June. Other LNG tankers left U.S. port and claimed to be heading to China in the last year. However, no LNG tanker has gone directly from the...

New Fortress Energy said that it received notice on Thursday from Nasdaq, stating that the liquefied natural gas developer no longer meets the requirement of the minimum bid price for continued listing. The company is facing a severe cash crunch. Mounting debt and missed interest payments have overshadowed the progress of its new projects, and it has repeatedly delayed its quarterly filings. The company's shares closed at 73 cents per share on Thursday. Since 19 March, the stock has been trading below the $1 minimum per share requirement. New Fortress stated that the notice had?no immediate impact on its listing....

Cheniere?Energy swung from a profit to a loss during the first quarter of this year, Thursday. This was due to?billions?of?dollars?in losses related to LNG-linked contracts. The company's results were hurt primarily by a $4.8 billion change in value of derivative agreements linked to long-term LNG contracts. The volatility in the global liquefied 'natural gas markets after the U.S./Israeli war against Iran affects?energy companies even though demand for U.S. 'LNG exports is still strong. According to the company, global gas price swings are a result of tight supply, shipping disruptions, and geopolitical tensions across the Middle East. These factors have widened...

Peter Fitzpatrick, NextDecade Shipping Vice President and speaker at an event held in Houston on Wednesday, said that the ongoing conflict in the Middle East will cause more companies to hire LNG ships on long-term contracts as opposed to the spot market. Fitzpatrick stated that the LNG industry was comfortable hiring ships on the spot markets when there were oversupplies of the fuel. Very few "long-term" deals were made in 2024 or 2025. Fitzpatrick said that the market is adapting to increased volatility, as it is becoming aware of its existence. "The geopolitical crises will have a long-term effect on...

Analysts and industry executives say that global orders for LNGCs are expected to rebound this year following a slump in 2025, as the growing production of LNG and improved fuel efficiency on vessels will drive demand. The increase in orders offsets concerns that the U.S. - Iran war could reduce shipping demand near-term and?pressure freight rates. According to Poten & Partners & Drewry, since late last year, South Korea and China shipbuilders have received more orders. In the first quarter of this year, 35 new LNGCs were contracted. Drewry data show that, by comparison, 37 LNGCs have been ordered for...

Shipping data shows that three stranded oil tankers, each carrying 5 million barrels of crude oil, left the Strait of Hormuz Wednesday. Two of them were headed to Asia. The interim agreement between Iran and the U.S. has released more supply?stuck?in the Gulf, which is bringing down?global?prices. Data from LSEG & Kpler revealed that the VL Breeze (flagged South Korean) is a Very Large Carrier, carrying 2,000,000 barrels of Qatari Condensate & Abu Dhabi Crude. It has passed through the strait on its way to Daesan. The supertanker was chartered by South Korean refiner Hyundai Oilbank. The data revealed that...

Oman has said that it will 'keep' the Strait of Hormuz free of tolls for shipping and designated two temporary routes to the north and south of existing shipping lanes to ensure the safe passage of ships leaving the region. Oman, in coordination with the International Maritime Organization (IMO), established temporary maritime routes to assist ships leaving the region safely amid increased security risks. Since the United States and Israel launched their war on Iran, the Strait of Hormuz has been severely disrupted, with commercial shipping being slowed and global energy markets roiled. Oman warned mariners that the "existing Traffic...

Ship-tracking data shows that two stranded supertankers crossed the Strait of Hormuz Tuesday. Seven empty Qatari-linked liquefied gas tankers entered the Strait in recent weeks, a sign that Gulf gas shipping may be returning. Data showed that Iranian-linked tanks continued to pass through 'the 'vital waterway. Traffic increased on Monday, as U.S.Iran talks advanced. The flow of traffic had decreased ahead of the U.S.-Iran talks, amid Trump's threats to restart the conflict and Tehran's announcement that it had once again closed the Strait. A day after the first round of negotiations, which started on Sunday, both parties agreed on a...

Energy exporters and buyers will breathe a collective breath of relief when the U.S. and Iran deal ends months of fighting by reopening Strait of Hormuz. The fragile calm could not prevent future outbreaks and it is unclear how soon or fully tanker traffic in the crucial waterway will return to normal. Iran and the U.S. announced an agreement late Sunday night to lift the blockade on the Strait of Hormuz. This is where a fifth of the world's oil and LNG flowed through before the February 28th war. Both sides are expected to sign the agreement on Friday. This...

The Strait of Hormuz is emerging as the "central battleground" of the Iran conflict. It is possible that the passage of several oil and gas tanks in recent days, with Tehran's apparent consent, indicates tacit acceptance of Tehran's control. This signals a dangerous new phase of what is rapidly turning into a "Hormuz War". The global energy market has been shook by the near-complete closing of the crucial trade artery in Tehran since the joint Israeli and U.S. airstrikes took place on February 28, as well as the reciprocal U.S. naval?blockade last month. The sudden loss of over 13% of...

A. K. Singh, the chief executive of India's largest?gas importer Petronet LNG, said that he expects to recieve his full contracted amount from Qatar once the?political situation? in?the Middle East stabilizes. Qatar, India’s largest LNG provider, has signed a contract with Petronet to supply 9-10 cargoes of LNG per month, or 7.5 million tons. In March, however, the?supplies ceased following the?Closure of the Strait of Hormuz. Iran also struck two of Qatar’s 14 LNG trains, forcing it to declare force majeure. Qatar has said that repairs will prevent the production of 12.8 million tonnes per year of LNG from Qatar...

The long-term contract between Turkey and Iran for the?import of natural gas is due to expire within the next few months. Both countries could discuss a possible extension. However, no?negotiations have yet been initiated, according to the Turkish energy minister. The agreement expiring in July calls for a delivery of 9,6 billion cubic meters of gas per year. However, actual flows are often far below the agreed amount. Turkey imported 7,6 bcm of gas from Iran in 2012, which accounted for 13% total imports. Data from regulators shows that the pipeline's contracted volume was last reached in 2022. According to...

Ship-tracking data on Saturday showed that five vessels loaded with LNG?from Ras Laffan in Qatar are approaching the Strait of Hormuz. The vessels would have been the 'first?to successfully transit LNG cargoes in the waterway after the U.S./Israel war against Iran started on February 28. Iran reopened Friday the Strait of Hormuz, which carried before the war a fifth the world's LNG traffic. This was after a separate ceasefire agreement, brokered by the United States, reached on Thursday between Israel and Lebanon. On Saturday, a convoy of oil tankers crossed the Strait of Hormuz. The data from the analytics firm...

The Iran war ceasefire will bring much-needed relief to the economies that are suffering from the worst energy crisis in history. However, hopes of a quick return to normal oil and natural gas flow out of the Middle East is almost certain misplaced. Donald Trump, U.S. President, agreed on Tuesday to a ceasefire for two weeks, provided that Iran halted its blockade of oil-and-gas shipments through Strait of Hormuz. This 'narrow waterway' is responsible for about one-fifth of the global oil trade. Iran's Abbas Araqchi, the country's Foreign Minister, said Tehran would stop counter-attacks on vessels transiting through the Strait...

LSEG, a financial firm, reported that U.S. exports?of liquefied gas reached a record high in March. This was due to plants running above their nameplate capacity and the addition of new units. The number of shipments to Asia has more than doubled compared to the previous month. This is due to the Middle East conflict that has caused energy markets to be agitated and forced nearly 20% of the global LNG supply to go offline. Customers who depend on cargoes transiting the Strait of Hormuz have been forced to find alternative sources of LNG. The data shows that exports in...

An official of the federal shipping ministry revealed on Tuesday that India was loading liquefied petroleum gas onto its empty ships stranded in the Persian Gulf due to a 'gas shortage' caused by the conflict in the Middle East. The 24 Indian flagged vessels were stranded on the Persian Gulf after shipments from the Gulf were interrupted and the Strait o'Hormuz. Rajesh Kumar Sinha said that two ships, Shivalik and Nanda, have already arrived in India. Pine Gas?and Jag Vasant will arrive between March 26-27. Sinha stated that one vessel has?exited the dry dock and will be fully loaded with...

The Iran war seems to have a similar impact on oil and gas, as missiles, drone attacks and shipping disruptions clog up the Strait of Hormuz. Underneath the surface symmetry, there is a serious imbalance. Gas consumers are more affected by the 'global supply chain' because it has less rerouting and storage options than the oil markets. The construction and repair of key gas infrastructure, liquefaction plant in particular, is more expensive and complex than the equivalent oil infrastructure. Oil refineries are able to resume operation more quickly after a shutdown than export hubs for?liquefied?natural?gas. The prices have shown the...