Tag

Lng

All articles tagged with #lng

world-news11 days ago•18 min saved

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

world12 days ago•2 min saved

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

energy13 days ago•66 min saved

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

world13 days ago•1 min saved

Iran War Accelerates Global Shift Away from Natural Gas

The Iran conflict disrupts Persian Gulf gas supplies, nudging buyers worldwide to diversify toward alternatives like coal, solar, and nuclear while boosting the United States as a leading LNG exporter in the near term.

via The New York Times|

#energy #geopolitics #iran

business-and-economy17 days ago•2 min saved

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

energy18 days ago•4 min saved

Interior, TotalEnergies Pivot From Offshore Wind to U.S. LNG Investment

The Interior Department announced an agreement with TotalEnergies to renounce costly offshore wind leases and redirect about $1 billion into U.S. oil, gas, and LNG projects. TotalEnergies will be reimbursed up to the amount paid for the offshore wind leases, and the company pledges not to pursue new offshore wind development in the United States, as part of a policy described as lowering costs for American families and strengthening energy security.

via U.S. Department of the Interior (.gov)|

#energy #investment #lng

energy18 days ago•2 min saved

US Pays TotalEnergies Almost $1B to Scrap Offshore Wind Leases

Amid a fuel crisis driven by the Iran war, the Trump administration will reimburse TotalEnergies about $928 million to cancel two offshore wind leases off New York and North Carolina, effectively killing plans for wind farms and moving nearly $1 billion toward LNG and oil/gas projects; critics call it a taxpayer-funded blow to homegrown clean energy, while supporters say it cuts stranded costs.

via The Guardian|

#energy #energy-policy #lng

energy20 days ago•23 min saved

Ras Laffan Attack Rewrites the Global LNG Outlook

An attack on Qatar’s Ras Laffan LNG hub exposed deep vulnerabilities in the global gas system, ending the glut narrative and signaling a shift to tighter, more volatile LNG markets. The facility accounts for about 20% of global LNG exports, with damage potentially removing 12–13 Mt/year of capacity (~17% of Qatar’s output) and restoration could take 3–5 years, with lasting market implications. Geopolitical risks, shipping constraints, and Hormuz disruptions will bolster prices and promote longer-term contracts and resilience-focused logistics, as Europe and Asia compete for scarce cargoes. A new market equilibrium may not emerge until the early 2030s, with continued pressure on energy access and costs.

via Crude Oil Prices Today | OilPrice.com|

#energy #energy-security #gas-markets

business20 days ago•7 min saved

Iran Attacks Spark LNG Price Surge, Boosting US LNG Stocks

Iranian strikes on LNG hubs including Qatar’s Ras Laffan could knock out about 17% of QatarEnergy’s LNG capacity for 3–5 years and threaten a sizable share of world LNG supply, sending European gas prices to multi-year highs and likely keeping LNG prices elevated through 2026, while U.S. exporters such as Cheniere Energy, NextDecade and Venture Global rallied on the tighter market.

via Barron's|

#business #european-gas-prices #iran

world21 days ago•2 min saved

Gulf Energy Turmoil Triggers Global Oil and LNG Crunch

Escalating U.S.–Israeli tensions with Iran sparked retaliatory strikes that damaged refineries, gas plants, and export terminals across Saudi Arabia, Kuwait, Qatar, the UAE and Bahrain, forcing shutdowns and raising risk across Gulf oil and gas infrastructure. Iran warned of further attacks, with QatarEnergy noting a significant hit to LNG export capacity (about a sixth) that could take three to five years to repair. Bahrain’s Sitra refinery was attacked, Iraq cut southern output, and some hubs faced security-driven outages. Global energy prices surged as crude benchmarks hit records and the IEA called for a large draw from reserves to cushion the shock, signaling broad disruption to supply chains and refiners in Asia and beyond.

via Reuters|

#energy #geopolitics #lng

world21 days ago•7 min saved

Iran war day 21: Tehran vows zero restraint as energy strikes escalate and Netanyahu hints at ground ops

On day 21 of the US-Israel campaign, Iran warns of 'zero restraint' if energy facilities are hit again after the South Pars strike, while Netanyahu hints at a ground component; the conflict widens to Haifa and Ras Laffan, Qatar's LNG output is hit (~17%), and oil/gas prices rise as civilian casualties mount in Iran. Western capitals warn against targeting bases; Trump’s remarks frame the evolving crisis as the US weighs options on Iranian crude to ease prices, with spillovers continuing in Lebanon and Iraq.

via Al Jazeera|

#energy-security #iran #lng

world21 days ago•9 min saved

Iran Conflict Sparks Global Energy Shock and Supply Risks

Escalating strikes on Iranian oil and LNG infrastructure, coupled with the closure risks around the Strait of Hormuz, threaten a lasting global energy supply shock that could push prices higher and trigger broad economic ripple effects, while officials weigh emergency measures as markets remain highly volatile.

via WIRED|

#energy #iran #lng

politics21 days ago•46 min saved

Trump’s Iran War Dilemma: Energy Prices and the Quest for a Quick End

The Bulwark argues that the Iran conflict has exposed a growing rift between MAGA voters and the GOP intelligentsia over Trump’s handling of the war, with energy prices and energy infrastructure at the center of political calculations. Trump is portrayed as both bombardier-in-chief and reluctant referee seeking a quick end to avoid price spikes, while Congress weighs a roughly $200 billion Pentagon supplemental amid GOP skepticism and intra‑party jockeying (e.g., Massie). The piece ties foreign policy to domestic politics and notes how energy‑related decisions echo in public opinion and campaign strategy, including human-interest elements like Shane DiGiovanna’s story to illustrate policy costs.

via The Bulwark|

#energy #iran #lng

world22 days ago•4 min saved

Iran vows 'zero restraint' after energy strikes, heightening Gulf crisis

Iran warned it would show zero restraint if its energy infrastructure is attacked again, after Israel struck the South Pars gas field and Tehran retaliated against Gulf energy facilities. Qatar reports damage to Ras Laffan LNG trains, with force majeure declared on LNG supplies and billions in losses, underscoring a widening energy-security crisis as the US-Israel war on Iran escalates.

via Al Jazeera|

#energy #geopolitics #gulf

world22 days ago•5 min saved

Qatar LNG hub strikes push up global gas prices and reshape energy outlook

Missile attacks on Ras Laffan in Qatar damaged LNG facilities, reducing export capacity by about 17% and likely delaying full supply restoration for 3–5 years, which has lifted global gas prices and could raise electricity costs in the UK and Europe.

via BBC|

#energy-security #gas-prices #lng