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Citigroup Sells First LNG Cargo on Spot Market

Citigroup Inc. has sold its first LNG cargo on the spot market to GDF Suez. Sources told Reuters that the cargo, aboard the LNG vessel Golar Arctic, may be offloaded at the Everett LNG terminal in...

European LNG Headlines

France Relying More on Mediterranean Coast LNG Imports: Analysis (Platts LNG Daily) [Subscription required]

T&T’s LNG Exports to United States Decline as Cargos Flow to Europe and Asia

Trinidad & Tobago Ministry of Finance’s Review of the Economy 2009 states that LNG exports from Trinidad to the United States totaled 129 Bcf between October 2008 and April 2009, a 6.7% decline in Trinidad’s share of the U.S. LNG market from a comparable period in 2007-2008. The report also notes that global LNG market conditions encouraged LNG cargos to flow towards...

Gazprom Official: U.S. Greenhouse Gas Legislation May Enable Market Share Gain for Natural Gas

A Gazprom official told the Forth Worth Business Press (Texas) that the company expects natural gas, including LNG, to gain market share in the U.S. energy market relative to coal and oil if the United States adopts greenhouse gas...

European LNG Headlines

Dragon LNG Terminal Gets Supply Boost (Upstream Online) Italian Regulator Says Eni Should Divest Gas Infrastructure (Platts LNG Daily) [Subscription required]

Gazprom Seeking 10 Percent of U.S. Gas Market

Speaking at the World Gas Conference in Buenos Aires, Alexander Medvedev, Director-General of Gazprom Export, said yesterday that his company hopes to secure 10 percent of the U.S. natural gas market within the next four to five years. The official noted that the company will follow the same strategy it used to grow in the U.K. gas market. He also noted that Gazprom does not believe...

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