Among these vessels, 52 LNG carriers with a total capacity of 8.763 million cubic meters have been put into operation, 35 LNG carriers with a total capacity of 6.285 million cubic meters are under construction, while one 174,000-cbm bareboat chartered vessel has also been put into operation, according to CSET. CSET’s first-half report shows that […]
The US Federal Energy Regulatory Commission (FERC) has issued its final order for NextDecade’s Rio Grande LNG facility and the accompanying pipeline in Texas. The regulator issued the order on remand on August 29, stating it affirms its earlier determinations that the Rio Grande LNG terminal “is not inconsistent with the public interest”, and the […]
In a significant development underscoring the deepening energy ties between Russia and China, Presidents Vladimir Putin and Xi Jinping met in Beijing on September 2, 2025, where a breakthrough agreement on the Power of Siberia 2 gas pipeline was announced. This deal marks a pivotal moment for Russia’s energy strategy, allowing it to pivot away […]
X / @army21ye A chemical tanker owned by Idan Ofer’s Eastern Pacific Shipping came under attack from the Houthis yesterday. The five-year-old, 20,000 dwt Scarlet Ray reported an explosion nearby while underway passing the coastline of Saudi Arabia. No casualties or damage to the ship was reported, with the vessel continuing on its voyage. “The […]
Daily Standup Top Stories High Energy Costs Push UK Industry to the Brink September 1, 2025 Clark Savage This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But […] The UK Energy […]
In an era where energy demands are skyrocketing and climate change is reshaping weather patterns, Norway stands as a prime example of the vulnerabilities inherent in over-reliance on a single energy source. As Europe’s hydropower giant, Norway has long exported its abundant clean electricity to neighbors like the UK and other EU countries. However, a […]
In a display of enduring alliance, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi convened at the Shanghai Cooperation Organisation (SCO) summit in Tianjin, China, on September 1, 2025. Their meeting, marked by a warm hug and an impromptu hour-long car ride together, underscores a commitment to business and cooperation in key sectors […]
In the pursuit of a net-zero future, the United Kingdom has embarked on a path that reeks of hypocrisy: aggressively taxing its oil and gas sector while simultaneously relying on it to prop up the economy. The Labour government’s recent hikes to the Energy Profits Levy (EPL)—now at a staggering 78% headline rate—exemplify this contradiction, […]
This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But there is a bigger problem: the country is the undisputed leader in industrial electricity prices in the world. And that […]
“Global LNG freight rates softened this week, with Spark30S (Atlantic) priced $34,350 per day and Spark25S (Pacific) at $33,500 per day,” Spark’s commercial analyst, Max Glen-Doepel, told LNG Prime on Friday. Last week, Spark30S (Atlantic) rates were $36,500 per day and Spark25S (Pacific) rates $35,000 per day. In Europe, the SparkNWE DES LNG decreased compared to last […]
