• Upstream
  • Pipelines & Transport
  • Downstream
Saturday, August 30, 2025
Oil&Gas Advancement
  • Home
  • News
    US LNG exports

    US LNG Exports Fuel Shale Gas Production Expansion

    North Sea oil discovery

    Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped

    Oil Gas Exploration in Mediterranean Sea

    Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

    Iraq Chevron Signs Deal

    Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Natural Gas Pipeline Expansion

    ICGB Secures Permit for Natural Gas Metering Station

    India Launches Deepwater Exploration Mission for Energy

    India Launches Deepwater Exploration Mission for Energy

    ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd

    ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

  • Projects
    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Eni Ghana Expands Natural

    Eni Ghana Expands Natural Gas for OCTP to Power Ghana

    Var Energi Partners with TechnipFMC

    Var Energi Partners with TechnipFMC for Subsea Projects

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home News

For Europe’s LNG Ports, Russia Gas Fears and U.S. Exporters Buoy Demand

in News, Pipelines & Transport
Share on FacebookShare on Twitter

Gas buyers nervous of Russia cutting supply are helping solve Europe’s problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France’s Dunkirk plant.

 

Adding to renewed demand is the more potent interest of major east Asian companies, shipping LNG from the booming output of their U.S. projects but fearing a saturated Asian market where they also face competition from Australian producers.

 

Many European import terminals faced idling because of falling deliveries, but the combination of growing uncertainty over Russian supply and the U.S. shale revolution has jolted demand for them, raising options for diversifying gas supplies.

 

From one side, some European energy firms are showing interest in purchasing import rights at France’s under-construction Dunkirk once it becomes operational in 2015, for periods spanning one-to-two years, a commercial source at the EDF-led project told Reuters.

 

“The Ukraine-Russia crisis has stimulated interest in Dunkirk capacity in the short to medium term and also attracted interest in more tailored and flexible options,” he said, although not for this winter as the terminal is not ready.

 

Russia is Europe’s biggest supplier of natural gas and its pipelines through Ukraine are a political focus as Europe imposes a new round of sanctions against Moscow.

 

With about half of Europe’s Russian gas piped through Ukraine, a disruption would cause prices to spike and in eastern Europe likely cause power and heating outages.

 

As a stop-gap measure, the European Union is considering banning the re-export of LNG cargoes that unload in its ports for this winter, but a more lasting solution to rising dependency on Russian gas could come from across the Atlantic.

 

ASIAN-U.S. LNG EXPORTERS

 

As the United States gears up to start exporting LNG from 2016, big Asian handlers such as Japanese trading houses Mitsui and Mitsubishi want to book mid- to long-term import rights at European ports as fallback options if demand in their home markets sours, several industry sources told Reuters.

 

“The Asian buyers of U.S. LNG, mostly led by the Japanese, are basically looking at European terminals as a place to dump cargoes if the shipping economics with Asia dry up,” a source familiar with the talks said.

 

The early stage inquiries also centre around buying options to deliver, and not just booking firm capacity.

 

Top LNG buyer Kogas Gas Corp. of South Korea, which will handle 2.8 million tonnes per annum (mtpa) over 20-years from Cheniere’s Sabine Pass export plant on Louisiana’s Gulf Coast, has also approached terminals in France, the Netherlands and elsewhere to book import capacity.

 

Mitsui and Mitsubishi together own 8 mtpa over 20-years at the Cameron LNG project in Louisiana, which last week won U.S. regulatory clearance to begin construction and start exports in 2017.

 

Decisions about buying import slots in Europe are influenced by expansions of export capacity in Australia and what effect that will have on filling demand in Asia, itself facing an uncertain energy future as Japan’s nuclear restart programme and China’s shrinking shale gas ambitions throw up variables.

 

Although most U.S. LNG has been sold to companies wanting to ship it to high-paying Asian markets, the trading opportunity with top consumers Japan, South Korea and China may not be as enticing year-round once new supply from LNG export plants in Australia begin to weigh on prices from 2016.

 

Seasonal price slumps in Asia, especially during typical low power demand periods of April-May and September-November, may also make deliveries from U.S. east coast projects to nearby Europe more profitable during those months.

 

If even a chunk of Asian-owned U.S. East Coast LNG volumes landed at European ports, it could play a big role in reviving deliveries that have slumped by around a quarter each year since 2011 to 2013 due to rising competition from Asia.

 

Talks to sell import capacity are still at an early stage partly because the Far East players have until 2017 to settle on a strategy but also due to mismatched pricing expectations over the value of import slots, a source engaged in discussions said.

 

Import slots are set to rise in value from 2016 as expanded Australian exports flowing to Asia free up supplies from Atlantic Basin plants to return to European ports, trading sources said. 

Previous Post

EIA: Expanded Panama Canal to Allow Transit of Larger Oil-, LNG-laden Ships

Next Post

Sinopec to Start Trial Operations at First LNG Terminal by End-Oct

Related Posts

US LNG exports
Gases

US LNG Exports Fuel Shale Gas Production Expansion

August 27, 2025
North Sea oil discovery
Exploration Development

Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped

August 27, 2025
Oil Gas Exploration in Mediterranean Sea
Exploration Development

Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

August 25, 2025
Iraq Chevron Signs Deal
News

Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

August 22, 2025
Yellowtail Field Project
News

Saipem Completes Construction of Yellowtail Field Project

August 21, 2025
Natural Gas Pipeline Expansion
News

ICGB Secures Permit for Natural Gas Metering Station

August 19, 2025
Next Post

Sinopec to Start Trial Operations at First LNG Terminal by End-Oct

LatestNews

North Sea oil discovery
Exploration Development

Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped

August 27, 2025
Oil Gas Exploration in Mediterranean Sea
Exploration Development

Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

August 25, 2025
Iraq Chevron Signs Deal
News

Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

August 22, 2025
Yellowtail Field Project
News

Saipem Completes Construction of Yellowtail Field Project

August 21, 2025
Natural Gas Pipeline Expansion
News

ICGB Secures Permit for Natural Gas Metering Station

August 19, 2025
India Launches Deepwater Exploration Mission for Energy
Exploration Development

India Launches Deepwater Exploration Mission for Energy

August 16, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.