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United States LNG gas demand hits record high up on last day of the year
U.S. gas need from LNG plants hit a record on Tuesday, the last day of the year, reaching 15.2 billion cubic feed (bcf) in an indication of a strong year ahead from the startup of 2 brand-new gasprocessing plants, preliminary information from financial company LSEG revealed. U.S. gas demand for LNG plants is anticipated to rise to 17.8 bcfd next year with the commissioning of Endeavor Global LNG's 20 million tones per year (MTPA) Plaquemines plant in Louisiana and Cheniere Energy's Corpus Christi Stage 3 growth in Texas. Need for natural gas by LNG export plants might stimulate greater production in the U.S. and increase prices at the nation's primary gas exchange in Louisiana, called Henry Center, according to experts. Gas prices were up 48 cents in midday trading on Tuesday, at $3.94 per million cubic feet (mcf),. according to LSEG information. The U.S. is the world's largest exporter of the superchilled. gas and a major supplier to Europe and Asia. LNG exports and. feedgas need likewise tend to be higher in the cooler months in. the Northern Hemisphere as it enhances the plants effectiveness. Tuesday is the 3rd time in two weeks that U.S. LNG feedgas. demand has actually crossed 15 bcfd however the very first time it has gotten to. 15.2 bcf, according to LSEG data. In December, Venture Global and Cheniere announced very first LNG. from their expansion projects with Endeavor Global's Plaquemines. plant making its first shipment to Germany. U.S. gas demand for LNG is expected to increase to 20.3 bcfd. in 2026 as the brand-new plants increase output, and reach 24.2 bcfd. in 2028 according to US EIA information. The gains will follow the. start of Golden Pass LNG, a joint endeavor of QatarEnergy. and Exxon Mobil being constructed on the. Texas coast with very first gas due in late 2025 or early 2026.
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Maersk asks consumers to get rid of cargo before potential strike at United States ports
Shipping giant AP MollerMaersk has prompted customers to pick up their packed containers and return the empty ones at the U.S. East and Gulf Coast ports before Jan. 15 to reduce prospective disruptions at the terminals on account of a strike The conditional arrangement on earnings is set to end on Jan. 15. If no arrangement is reached by that date, a coast-wide strike. on Jan. 16 is possible, according to an advisory on Maersk's. site. The negotiations have actually had no new developments considering that our. last communication, it stated. A strike would stop billions in trade and raise inflationary. pressures while threatening the existing supply chains. The International Longshoremen's Association (ILA), a union. with more than 45,000 members, and the United States Maritime. Alliance (USMX) in October had actually consented to a wage deal of a 62%. hike over six years, ending a three-day strike. However a threat of another strike looms large if the parties. fail to reach an agreement over the unresolved choices related. to automation and its future at U.S. ports. According to a Bloomberg News report, talks over the issue. of automation have not appeared to be advancing, and neither the. ILA nor USMX have actually shown plans to go back to the negotiating. table before mid-January.
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Ukraine transit operator: Russia hasn't yet announced gas volumes for January 1, according to the company
Ukraine's gas transport operator reported that Russia had not yet nominated gas flows through the Ukrainian pipeline for Europe on Jan. 1, as of Tuesday 1500 GMT, just hours before the end of a 5-year contract between Gazprom Ukraine and Naftogaz. A deal signed in December 2019 allowed Ukraine to transit Russian gas through its own territory, despite being at war. Ukraine has said repeatedly that it will not replace the deal expiring Dec. 31, due to Russia's invasion of its territory at full scale, which is now approaching its third anniversary. Since 1991, the collapse of Soviet Union, no gas has been transported from Ukraine to Europe. Before the 2022 conflict, Russia supplied a little less than half of all the gas used in the European Union. Europe has turned its back on Russian gas, while the Nord Stream pipeline was attacked in an unidentified manner. Gazprom's data and calculations show that Russia will supply a total of 63.8 billion cubic metres (bcm), of gas, to Europe via various routes by 2022. Last year, the volume dropped by 55.6% and was 28.3 billion cubic meters. By 2024, transit gas could be less than 14 bcm. In 2018-2019, the annual flows into Europe reached between 175 and 180 billion cubic meters. The Ukraine received several billions of dollars per year in transit payments in the pre-war period. By 2024, however, this could fall to around $800 million as a result of a reduction in the pumping volume. The Soviet-era Urengoy-Pomary-Uzhgorod pipeline brings gas from western Siberia via Sudzha in Russia's Kursk region. The gas then travels through Ukraine to Slovakia. The gas pipeline in Slovakia is split, with one branch going to Austria and the other to the Czech Republic. Hungary, Slovakia and Austria are the main gas buyers. (Reporting and additional reporting by Yuliia Dyesa, Editing by Gareth Jones & Louise Heavens.)
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Suspension of flights to Middle East
Concerns about conflict in the Middle East have actually triggered worldwide airline companies to suspend flights to the region or to prevent afflicted airspace. Below are a few of the airline companies that have suspended services to and from the area: AEGEAN AIRLINES The Greek airline company has actually cancelled flights to and from Beirut until March 29. AIR ALGERIE The Algerian airline company has actually suspended flights to and from Lebanon till additional notice. AIR ARABIA The United Arab Emirates carrier will resume flights to Beirut on Jan. 9. AIRBALTIC Latvia's airBaltic has cancelled flights to and from Tel . Aviv until Jan. 28. AIR FRANCE-KLM Air France has actually extended its suspension of Paris-Tel Aviv. flights up until Jan. 9 and Paris-Beirut flights till Jan. 31. KLM has actually extended the suspension of flights to Tel Aviv. until completion of the year a minimum of. The group's low-cost unit Transavia has cancelled flights to. and from Tel Aviv, Amman and Beirut until end-March. AIR INDIA The Indian flag carrier has actually suspended flights to and from. Tel Aviv up until additional notification. BULGARIA AIR The Bulgarian provider said it would resume flights to and. from Tel Aviv on Dec. 26. It had actually cancelled the flights in. October pointing out safety recommendations. CATHAY PACIFIC Hong Kong-based Cathay Pacific has actually cancelled flights to Tel . Aviv up until Oct. 25, 2025. CORENDON AIRLINES The Turkish airline company cancelled flights to and from Tel Aviv. until January. DELTA AIR LINES The U.S. carrier has actually stopped briefly flights between New york city and Tel . Aviv through March 2025. EASYJET EasyJet will not rush to resume flights to Tel Aviv. after a ceasefire between Israel and Hezbollah entered into impact,. its inbound CEO stated on Nov. 27. The UK budget plan airline had. previously suspended flights to and from Tel Aviv up until March. EMIRATES UAE's state-owned airline company has cancelled flights to Beirut. and to Baghdad up until Jan. 31. FLYDUBAI Flights to Beirut stay briefly suspended, a. flydubai spokesperson stated on Dec. 30. IAG IAG-owned British Airways has actually suspended flights to Tel Aviv. until completion of March 2025. IAG's affordable airline company, Iberia Express, has cancelled. flights to Tel Aviv up until March 29, while Vueling will keep. operations to and from Tel Aviv suspended throughout the very first. quarter of 2025. IRAN AIR The Iranian airline has cancelled Beirut flights up until. even more notice. IRAQI AIRWAYS Iraq will permit the national carrier Iraqi Airways to resume. flights to Lebanon on Dec. 30, the transportation minister was estimated. as saying by state media on Dec 28. Iraqi Airways had actually suspended. all its flights to and from Beirut on Sep. 27. ITA AIRWAYS The Italian carrier has actually extended the suspension of Tel Aviv. flights through Jan. 31. LOT The Polish carrier prepares its first set up flight to. Beirut for April 1. It had suspended its flights to Lebanon in. August. LUFTHANSA GROUP The German airline company group has actually extended the suspension of its. flights to Tel Aviv till Jan. 31. Flights to Tehran are cancelled up until Jan. 31 and to Beirut. till Feb. 28. SunExpress, a joint endeavor between Lufthansa and Turkish. Airline companies, has suspended flights to Beirut until March. 31. PEGASUS The Turkish airline company has actually cancelled flights to Beirut. till Jan. 1. RYANAIR Europe's biggest budget airline company does not plan on resuming. operations to Israel until March 31 at the earliest, while a. choice to resume operations to and from Jordan from December. is under discussion, a Ryanair representative stated on Nov. 27. SUNDAIR The German airline company has actually cancelled flights in between Beirut and. Bremen until March 26. The cancellation began on Sept. 23. UNITED AIRLINES The Chicago-based airline confirmed on Dec. 30 its. flights to Tel Aviv remain suspended. VIRGIN ATLANTIC The UK provider has suspended Tel Aviv flights until. end-March. The suspension has been in location considering that September. WIZZ AIR The Hungary-based airline has actually suspended Tel Aviv flights. through Jan. 14, except for those from Larnaca. Wizz Air has. suspended its flights to Tel Aviv given that October.
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Singapore's port authority reports that two bulk carriers collided in China's Yangtze River.
The Maritime and Port Authority of Singapore said that two bulk carriers collided on the Yangtze River in China, but added that there were no reported injuries among the crew. Mitsui O.S.K., a Japanese company, owns and operates Vega Dream. Lines collided on December 30 with Yangze 22, a bulk carrier flying under Singaporean flag. Both vessels were stable, according to the MPA. Yangze 22, whose collision-damaged hull spilled approximately 9 metric tons of fuel oil, it was reported. Singapore's Port Authority said that the vessel is now stationed in Hengsha Anchorage to assess damage. Officials of Mitsui O.S.K. Lines was not available to comment immediately. In a press release, the MPA stated that the Shanghai Maritime Safety Administration has cleaned up the fuel oil spillage with the help of several support vessels deployed by Yangze 22. The MPA has not responded to requests for additional information on Yangze 22. (Reporting by Rajasik Mukherjee in Bengaluru, Additional reporting by Shivangi Lahiri in Bengaluru & Mariko Katsumura in Tokyo; Editing by Anil D'Silva)
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Yemen will continue to protect itself, state Houthis after United States strikes
Yemen's Houthi representative Mohammed Abdulsalam said that the nation would continue to defend itself after numerous U.S. strikes targeted centers in the capital Sanaa on Tuesday. The U.S. armed force said that it carried out strikes against Houthi targets in Sanaa and seaside places in Yemen on Monday and Tuesday. On Dec. 30 and 31, U.S. Navy ships and aircraft targeted a Houthi command and control center and advanced standard weapon (ACW) production and storage facilities that consisted of rockets and uncrewed aerial automobiles (UAV), the U.S. armed force's Central Command stated in a post on X. The Iran-backed militant group in Yemen has been attacking commercial shipping in the Red Sea for more than a year to try to impose a naval blockade on Israel, saying they are acting in uniformity with Palestinians in Israel's year-long war in Gaza.
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Puerto Rico's power grid collapses, leaving island in the dark
Puerto Rico awakened in darkness on Tuesday early morning after a power grid failure left nearly all of the island without electrical energy. Around 90% of customers lacked power at 9:30 a.m. (1330. GMT), according to energy circulation business Luma Energy's. real-time website. It will likely take 24 to 48 hours to turn the lights back. on, conditions permitting, Luma said in a declaration. While the reason for the blackout is under examination,. preliminary findings point to a failure in an underground line,. Luma included. Ivan Baez, a spokesperson for power generator Genera,. called the grid failure a major event in a regional radio. interview. He said that the line believed to have actually stopped working was. operated by Luma and reduced plants belonging to Genera as. well as private generators. Genera's site showed two plants launching again at 9:30. a.m. in the U.S. territory. Puerto Rico has long dealt with chronic power outages as its. facilities falls apart. It was hit hard by Cyclone Maria, a. Category 4 storm, in 2017.
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What takes place when Russian gas supply to Europe through Ukraine ends?
Russian gas materials sent via Ukraine to Europe for more than 40 years are set up to end on January 1 after Ukraine's Naftogaz declined to restore its latest fiveyear transit deal with Russia's Gazprom. In spite of the war between the two nations, Ukrainian President Volodymyr Zelenskiy on Dec 19 said Kyiv may consider allowing the transit of Russian gas if payments to Moscow were kept till the combating ends. Russian President Vladimir Putin a week later on said there was no time left this year to sign a brand-new offer. Here is what we know about options for when Russian gas transit by means of Ukraine stops. HOW BIG ARE THE VOLUMES? Russia's supply to Europe has fallen significantly in the wake of Moscow's intrusion of Ukraine in Feb. 2022 which spurred the European Union to cut its dependence on Russian gas. Moscow invested half a century developing its European gas market share, which at its peak stood at about 35% but has actually been up to about 8%. As of Dec. 1 the EU got less than 14 billion cubic metres (bcm) of gas from Russia through Ukraine, down from 65 bcm/year when the current five-year contract started in 2020. The European Commission has stated that volume can be fully replaced by liquefied gas and non-Russian pipeline imports. Moscow has lost market share to rivals such as Norway, the United States and Qatar. Russia might make around $5 billion on sales by means of Ukraine this year based upon an average Russian government gas cost forecast of $339 per 1,000 cubic metres, Reuters computations show. Ukraine makes between $800 million and $1 billion in transit fees annually. EU gas rates rallied in 2022 to record highs after the loss of Russian products. With products set to end, EU authorities and traders state a repeat of that rally is unlikely offered the now modest volumes included and the little number of clients staying. WHO IS AFFECTED? The Ukraine path serves Austria and Slovakia Austria got most of its gas via Ukraine, while Slovakia. takes around 3 bcm from Gazprom per year, about two-thirds of its requirements. Gazprom stopped supply to Austria's OMV in mid-November over a legal dispute however volumes held steady by means of the route as other buyers actioned in. Slovakia has said the loss of Russian supply would not strike its usage and that it has diversified supply agreements. Its primary gas purchaser SPP has contracts for non-Russian supply with BP, Eni, ExxonMobil, RWE and Shell. WHAT CHOICES DO PURCHASERS HAVE? Most other Russian gas routes to Europe are shut including Yamal-Europe by means of Belarus and Nord Stream under the Baltic Sea. One choice is the TurkStream pipeline to Turkey under the Black Sea, Bulgaria, Serbia or Hungary. However, capacity is limited. Slovakia's gas supply might originate from Hungary, approximately a. 3rd from Austria and the remainder from the Czech Republic and. Poland, according to Austrian energy regulator E-Control. Austria ought to not deal with disturbances as it has actually prepared. for the switch in supply, its regulator has actually said. The Czech Republic is most likely to tap more supply from Germany. pipelines benefiting from an exemption from a German. domestic gas levy from Jan. 1. The Czech Republic has said it is ready to supply Slovakia. with gas transit and storage capabilities. Russia provides Moldova with about 2 bcm of gas each year. It. is piped through Ukraine to the breakaway region of Transdniestria. where it is used to produce low-cost power that is offered to. government-controlled parts of Moldova. Gazprom stated it plans to suspend supply on Jan. 1 mentioning. unpaid bills. Moldovan Prime Minister Dorin Recean has condemned the. decision however stated the nation has diversified sources of supply. The country prepares steps to minimize consumption by a minimum of a. 3rd from Jan. 1. When it comes to Ukraine, its security of supply will not be affected. as it does not use Russian transit gas, the European Commission. stated. WHERE DOES THE GAS COME FROM? The Soviet-era Urengoy-Pomary-Uzhgorod pipeline carries gas. from Siberia via the town of Sudzha - which is now under control. of Ukrainian military forces - in Russia's Kursk area. It streams through Ukraine to Slovakia where the pipeline. divides into branches going to the Czech Republic and Austria. Transdniestria borders Ukraine and likewise gets Russian. gas through Ukraine.
A minimum of 28 dead in intense airplane crash in South Korea, Yonhap reports
A minimum of 28 individuals were dead on Sunday after an airliner went off the runway and crashed at South Korea's Muan International Airport, Yonhap news agency reported.
The mishap took place as the Jeju Air aircraft, carrying 175 passengers and 6 team on a flight from Thailand, was landing at the airport in the south of the nation, the report stated.
Two people were found alive as the rescue mission was continuing, according to Yonhap.
Authorities were working to rescue individuals in the tail area, an airport authorities told Reuters.
Images shared by local media showed smoke and flame swallowing up parts of the plane.
Acting President Choi Sung-mok, who was named interim leader of the nation on Friday after the previous acting president was impeached amid a continuous political crisis, bought all-out rescue efforts, his office said.
A Jeju Air spokesperson said the airline company was inspecting the reports.
(source: Reuters)