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Four drivers kept the energy crisis from exploding — for now
energy3 days ago

Four drivers kept the energy crisis from exploding — for now

The Conversation AU reports that despite warnings of the worst energy crisis from the US–Iran conflict, four factors kept shocks at bay: markets subdued by expectations the war would end soon, other producers boosting exports, demand falling as prices rose, and large stockpile releases filling the gap. However, supplies remain tight, stockpiles are near multi‑year lows, and if the conflict drags on, a true global energy crunch could return—especially as the US heads into peak driving season.

via The Conversation|
#energy#geopolitics#lng
UK Quietly Grants Licenses for Russian-Oil Fuels and LNG Transport
world6 days ago

UK Quietly Grants Licenses for Russian-Oil Fuels and LNG Transport

The UK on May 19 issued two licenses: one allowing imports of diesel and jet fuel refined from sanctioned Russian oil if processed in a third country, and another permitting maritime transport of LNG from Russia’s Sakhalin-2 or Yamal terminals; the licenses take effect soon and run for a defined period, reflecting a cautious stance amid energy-market pressures and renewed U.S. waivers, with critics saying they undercut Ukraine support whileaiming to protect supply chains and market stability.

via The Kyiv Independent|
#energy-security#lng#oil
Caturus Secures FID and $9.75B Financing for Cameron LNG Plant
business10 days ago

Caturus Secures FID and $9.75B Financing for Cameron LNG Plant

Caturus announced a positive Final Investment Decision for the Commonwealth LNG export facility in Cameron Parish, Louisiana, closing $9.75 billion in project financing as part of roughly $21.25 billion in total commitments, and set Phase 1 operations to begin by 2030 with an expected >$3 billion in annual export revenue. The financing includes new equity from Mubadala Energy and CPP Investments alongside existing partners like Kimmeridge, with long-term offtake agreements from EQT, Glencore, Mercuria, PETRONAS and Aramco Trading, and EPC work by Technip Energies to deliver an integrated wellhead-to-water LNG project on the U.S. Gulf Coast, while expanding upstream gas production through related acquisitions.

via PR Newswire|
#business#cameron-parish-louisiana#caturus
LNG shipments edge through Hormuz as Iran blockade tests routes
world17 days ago

LNG shipments edge through Hormuz as Iran blockade tests routes

Two LNG carriers from Abu Dhabi reportedly sailed through the Strait of Hormuz amid Iran’s blockade, signaling a possible resumption of Gulf LNG flows, while Qatar-origin cargoes bound for Pakistan neared the strait but turned back. Pakistan canceled two spot purchases, hoping Qatar shipments would resume, with ongoing talks among Islamabad, Doha and Tehran. Increased numbers of ships turning off AIS made tracking harder, and experts say silencing transponders is not a durable workaround; any sustained restart will depend on broader political progress and a deal to end the blockade.

via Financial Times|
#lng#middle-east-war#oil-and-gas
First LNG tanker breaks through Strait of Hormuz as Iran war widens shipping disruption
world-news27 days ago

First LNG tanker breaks through Strait of Hormuz as Iran war widens shipping disruption

An LNG tanker named Mubaraz carrying over 130,000 cubic meters of gas from the UAE became the first full gas tanker to exit the Strait of Hormuz since the Iran conflict began; its signal disappeared in March and reappeared west of India, now heading to Tianjin, China, and is managed by ADNOC’s subsidiary. Earlier in April an empty tanker crossed Hormuz, but more than a dozen gas tankers remain trapped in the Persian Gulf. Lloyd’s List data show a sharp drop in transits through the strait as tensions persist and Iran has threatened tolls and attacked vessels.

via New York Post|
#adnoc#gas#iran
Hormuz Crisis May Trigger Global Energy Shortages, Qatar Warns
world1 month ago

Hormuz Crisis May Trigger Global Energy Shortages, Qatar Warns

Qatar’s finance minister warned at the IMF Spring Meetings that the Strait of Hormuz disruption could trigger a broader energy and commodities shock in coming months, potentially causing shortages in fertilisers, helium, healthcare and semiconductors. The Ras Laffan LNG facility damage underscores longer-term disruption for global LNG markets, but Qatar says it has buffers and targeted support to weather the immediate impact.

via Euronews.com|
#energy-security#hormuz#imf
Hormuz Crisis Reveals Energy as the Economy’s Hidden Master Resource
energy1 month ago

Hormuz Crisis Reveals Energy as the Economy’s Hidden Master Resource

The potential closure of the Strait of Hormuz could erase roughly 4% of global energy daily, triggering sharp oil and LNG price moves and cascading knock-on effects—from higher plastics and fertilizer costs to pricier air travel—that risk pushing the world toward a severe recession. The piece argues that energy is the master resource economists often ignore, and proposals that a 10% energy shortfall would barely dent output underestimate the true, widespread economic damage.

via Crude Oil Prices Today | OilPrice.com|
#energy#energy-security#global-economy
LNG Markets Roiled as War Disrupts Qatar Exports
energy1 month ago

LNG Markets Roiled as War Disrupts Qatar Exports

War in the Middle East has damaged Qatar's LNG infrastructure and forced force majeure on LNG exports, triggering an ~80% price surge and turning a looming LNG glut into a global supply-chain crisis. Despite overall ample supply, chokepoints and geopolitical events are disrupting flows, with Asian buyers cutting imports and even shifting back to coal; repair could take years, potentially reshaping LNG’s role as a bridge fuel even as long‑term demand remains supported by IEA projections.

via Crude Oil Prices Today | OilPrice.com|
#energy#energy-markets#geopolitics
India Faces Energy Crunch as 28 Vessels Stranded Near Strait of Hormuz
world-news1 month ago

India Faces Energy Crunch as 28 Vessels Stranded Near Strait of Hormuz

India says at least 28 ships carrying crude oil, LPG, and LNG are stranded near the Strait of Hormuz amid the Middle East conflict, with 18 India-flagged and 10 foreign-flagged vessels affected; all 485 Indian seafarers aboard are safe. The disruption threatens energy supplies to India, a major crude importer, even as some LPG shipments transit and eight India-flagged ships have recently passed through, signaling limited movement at the chokepoint.

via Crude Oil Prices Today | OilPrice.com|
#india#lng#lpg
Asia Faces LNG Shortfall as Middle East Supplies Wobble
world1 month ago

Asia Faces LNG Shortfall as Middle East Supplies Wobble

A looming cutoff of Middle East liquefied natural gas—driven by the Strait of Hormuz disruptions and strikes on Qatar’s LNG export complex—has Asian buyers scrambling for alternatives, boosting coal use and cutting gas consumption as about 28 million tons of LNG supply is wiped out this year, a tightening trend analysts say could last for years and delay a return to prewar levels.

via The New York Times|
#asia#hormuz#lng
CERAWeek Briefing: Blas Warns of Oil Shortfalls and Market Turbulence
energy1 month ago

CERAWeek Briefing: Blas Warns of Oil Shortfalls and Market Turbulence

Bloomberg’s Javier Blas, in a Columbia Energy Exchange episode from CERAWeek, explains how Iran-related supply disruptions and White House verbal interventions are keeping oil near $100 while refined products and LNG rise faster, raises the risk of demand destruction if the crisis persists, and discusses the gap between paper vs. physical barrels, Gulf geopolitics, Europe’s gas squeeze, and implications for renewables, coal, and nuclear—along with policy tools like SPR releases.

via CGEP|
#ceraweek#energy#energy-security
QatarEnergy halts select LNG contracts amid Middle East conflict
business-and-economy2 months ago

QatarEnergy halts select LNG contracts amid Middle East conflict

QatarEnergy has declared force majeure on some long-term LNG supply contracts (including buyers in Italy, Belgium, South Korea and China) due to disruptions tied to the US–Israel war on Iran. Attacks damaged Ras Laffan, cutting about 17% of Qatar’s LNG export capacity and sidelining 12.8 million tonnes of production per year for 3–5 years, with an estimated $20 billion in lost annual revenue, contributing to higher energy prices and tighter supplies to Europe and Asia.

via Al Jazeera|
#business-and-economy#energy-markets#force-majeure