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LNG pivots: FSRU upgrades, scrapping surge & billion-dollar deals
From Croatia’s FSRU overhaul and Greece’s demolition sales to Hanwha’s $5B U.S. shipyard bet — this week LNG is in motion: new QatarEnergy deliveries, Russia’s Arctic output push, soft shipping rates, and fresh long-term contracts from ADNOC, Trafigura, and Sempra.
From Brazil’s FSRU revamp to Asia-bound Qatari cargoes — LNG momentum is accelerating
Excelerate adds reliquefaction in Brazil, Klaipėda brings virtual biomethane to Europe, ADNOC and SEFE ink long-term deals, and the scrapping of older tonnage accelerates. Plus, newbuilds, FSRUs, and legal tension in the LNG bunkering world.
First Cargo from Canada, U.S. Expansions, and GPS Warnings in Qatar
Canada’s LNG export era officially begins with the first cargo out of Kitimat, while Cheniere and Coastal Bend double down on U.S. production. Woodside’s $5.7B Louisiana deal and Chevron’s new long-term SPA mark bullish moves. Meanwhile, Qatar halts nighttime channel traffic over escalating GPS signal disruptions.
Hormuz Risk Looms, LNG Canada Ramps Up, Russia Eyes Arctic & Subsea Exports
Strait of Hormuz tensions threaten 20% of global supply, LNG flows begin at Germany’s Wilhelmshaven-2, LNG Canada readies for export, , Russia launches Arctic summer sailings, and LNG bunkering gains ground in Nanaimo and Livorno.