Generic Hero BannerGeneric Hero Banner
Latest market news

LNG truck loadings slide at Gate, Elengy terminals

  • Market: Natural gas
  • 06/03/25

Demand for LNG as a road fuel at the Netherlands' Gate and France operator Elengy's Montoir and Fos terminals decreased in 2024 compared with earlier years, at least in part because trucks operating in Germany are increasingly choosing to run on bio-LNG which is available in only limited quantities at these terminals.

The number of truck loadings at the Netherlands' Gate terminal decreased by about 30pc in 2024 compared with 2023, commercial manager Stefaan Adriaens said at last month's small-scale LNG summit in Milan. That is despite the terminal having launched two new truck loading bays in September.

Truck loadings have similarly decreased at French LNG operator Elengy's Montoir and Fos-sur-Mer terminals. The number of used slots at Montoir totalled 2,676 in 2024, down from 2,968 in 2022, according to Elengy data, although the terminal underwent a lengthy maintenance period in 2024. Aggregate loadings at Fos Cavaou and Tonkin decreased to 7,812 in 2024 from 8,822 in 2022. The number of available truck loading slots at all three terminals increased to 19,400 from 18,800 over the same period.

The fall in truck loadings at Gate and the Elengy terminals is likely to reflect vehicles choosing to load at other terminals in northwest Europe.

About 85pc of the 9,000 LNG truck loading slots sold at Belgium's Zeebrugge terminal for 2024 were used, terminal operator Fluxys told Argus. The 7,650 trucks loaded in 2024 marks a step up from 6,530 in 2022, according to the latest available data published by Gas LNG Europe. Fluxys refused to say how many of the 8,000 slots sold for 2023 were used.

Shell also started operations at a 100,000 t/yr bio-LNG liquefaction plant in Cologne in April, which is capable of loading 4,000-5,000 trucks a year. This plant is closer to more LNG refuelling stations than Gate and Zeebrugge, which cuts down on inland freight costs.

Many of the LNG-powered trucks operating in Germany are choosing to operate on bio-LNG, market participants said, which is likely to have weighed on the demand for loadings of conventional LNG from the Gate and Elengy terminals. Gate's bio-LNG capacity is limited to 100,000 t/yr at present, all of which was sold out in 2024, while Elengy does not yet provide bio-LNG services at its terminals. Adriaens said in December that 72pc of trucked LNG in Germany is bio-LNG.

The Gate and Elengy terminals have experienced waning demand for LNG as a road fuel even though the number of LNG-fuelled trucks has increased each successive year since 2020, according to data from the European Commission's alternative fuels observatory (see truck graph). About 10,700 LNG-fuelled trucks were in operation across the EU in 2024, up from just 6,000 in 2020.

Although the number of LNG-powered trucks on the roads has increased in recent years, the registration of new vehicles has slowed. About 1,580 new LNG-powered trucks were registered in 2024, down from a high of 2,022 in 2021. Registrations of LNG-fuelled vehicles are still recovering from a sharp drop in 2022, when hub prices across Europe spiked (see price graph). Adriaens said that the extreme prices of this period have discouraged the use of LNG as a road fuel and weighed on the number of orders being made for LNG-powered vehicles.


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
19/03/25

US Fed keeps rate flat, eyes 2 cuts in '25: Update

US Fed keeps rate flat, eyes 2 cuts in '25: Update

Adds Powell comments, economic projections. Houston, 19 March (Argus) — Federal Reserve policymakers held their target interest rate unchanged today in their second meeting of 2025, and signaled two quarter-point cuts are still likely this year. The Fed's Federal Open Market Committee (FOMC) held the federal funds rate unchanged at 4.25-4.50pc. This mirrored the decision made at the last FOMC meeting at the end of January, which followed rate cuts of 100 basis points over the last three meetings of 2024, which were the first cuts since 2020. "Our current policy stance is well positioned to deal with the risks and uncertainties we are looking at," Fed chair Jerome Powell told journalists after the meeting. "The economy seems to be healthy." Powell acknowledged some of the negative market sentiment in recent weeks, which he said "... probably has to do with turmoil at the beginning of an administration." "We kind of know there are going to be tariffs and they tend to bring growth down and they tend to bring inflation up," he said, but long-term inflation expectations are "well anchored." In December the Fed said it expected 50 basis points worth of cuts for 2025, down from 100 basis points projected in the September median economic projections of Fed board members and Fed bank presidents. Policymakers and Fed officials Wednesday lowered their estimate for GDP growth this year to 1.7pc from a prior estimate of 2.1pc in the December economic projections. They see inflation rising to 2.7pc for 2025 from the prior estimate of 2.5pc. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Find out more
News

US Fed keeps rate unchanged, signals 2 cuts this year


19/03/25
News
19/03/25

US Fed keeps rate unchanged, signals 2 cuts this year

Houston, 19 March (Argus) — Federal Reserve policymakers held their target interest rate unchanged today in their second meeting of 2025, and signaled two quarter-point cuts are still likely this year. The Fed's Federal Open Market Committee (FOMC) held the federal funds rate unchanged at 4.25-4.50pc. This mirrored the decision made at the last FOMC meeting at the end of January, which followed cutting the rate by 100 basis points in the last three meetings of 2024, which were the first cuts since 2020. In December last year, the Fed penciled-in 50 basis points worth of cuts for 2025, down from 100 basis points projected in the September median economic projections of Fed board members and Fed bank presidents. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Turkish lira at all-time low against dollar


19/03/25
News
19/03/25

Turkish lira at all-time low against dollar

London, 19 March (Argus) — Turkey's lira currency fell to record lows against the US dollar today, after the arrest of Istanbul's mayor provoked concern about instability. The depreciation could cause imports of dollar-denominated commodities to become more expensive, although reaction was mixed across markets. The lira went as low at 40/$1 in early trading, from below 37/$1 on Tuesday 18 March, before easing to around 38/$1 later in the day. The lira has been slowly depreciating against the dollar for many years, but the sharp fall today came after Ekrem Imamoglu, one of President Recep Tayyip Erdogan's main political rivals, was held on suspicion of corruption and aiding a terrorist organisation. Turkey is a significant importer of natural gas, crude and LPG, as well as coal and petcoke, although demand for many commodities will be muted currently because of the Islamic fasting month of Ramadan. Early indications from the coal and petcoke markets were that all import trades had halted as the lira hit the record low. In polymers markets the focus is on whether demand recovers after Ramadan ends on 30 March. But a trading source in Turkey said the fall is not enough for "massive changes" to imports of oil products. The OECD forecasts headline inflation in Turkey at 31.4pc this year, the highest among its members, easing to 17.3pc in 2026. The IMF has forecast Turkey's economy will grow by 2.6pc this year, after an expansion of 2.7pc in 2024. By Ben Winkley, Aydin Calik, Joseph Clarke, Amaar Khan and Dila Odluyurt Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Australia’s Coalition to fast-track NWS LNG decision


19/03/25
News
19/03/25

Australia’s Coalition to fast-track NWS LNG decision

Sydney, 19 March (Argus) — Australia's political opposition, the Coalition, has promised to expedite a federal decision on extending permits for the 14.4mn t/yr North West Shelf (NWS) LNG project in Western Australia (WA). The project is operated by independent oil and gas firm Woodside. Woodside lodged the proposal to extend NWS' lifetime to 2070 in 2018 and won WA state approvals in December 2024, but the federal Labor environment minister Tanya Plibersek postponed a decision on the plant to 31 March 2025. This may be delayed until after the election due before 17 May, as governments are not permitted make important rulings in what is known as the "caretaker period" between the dissolution of parliament and the swearing in of the new government. The conservative Coalition has promised to reach a resolution within 30 days of being elected, citing the importance of bringing back investor certainty to the sector. "We would expedite consideration of the NWS project as a matter of urgency because, unlike Labor, we recognise the significance of the NWS to the WA economy and the importance of secure and reliable gas supplies in pushing down energy prices," opposition leader Peter Dutton said on 19 March. Woodside welcomes the Coalition's commitment to fast-tracking the approval, while acknowledging that the Labor government also understands the important contribution of NWS, a spokesperson told Argus . The Coalition would also institute a national interest test as part of environmental approvals, requiring "strengthened consideration of the economic and social benefits of projects under environmental approvals" and introducing a 12-month timeframe under which third parties such as environmental lawyers can challenge earlier approvals after decision is made. The Coalition and Labor government have been effectively tied in polls in recent months, within the typical margin of error. Labor will lose its majority in the house of representatives if it suffers a net loss of three seats at the election. Permission for NWS to operate until 2070 is critical for Woodside's ability to progress the proposed 11.4mn t/yr Browse project to backfill the terminal, the firm said. The company is concerned that current approvals, which lapse in 2030, will not be extended under a minority government in which climate-focused independents hold the balance of power . Greenhouse gas emissions from Browse are estimated to be 14.1mn-14.5mn t/yr of CO2 equivalent and require a carbon capture and storage plan to meet laws requiring net zero scope 1 emissions for new gas projects. Cultural heritage advocates are also concerned emissions from NWS and other Burrup Peninsula industrial facilities in WA may impact ancient petroglyphs located nearby. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Trump set to meet with oil, gas executives


17/03/25
News
17/03/25

Trump set to meet with oil, gas executives

Washington, 17 March (Argus) — President Donald Trump is scheduled to meet this week with US oil and gas executives to discuss policies that would help achieve "energy dominance", according to an industry group participating in the meeting. Trump and his team are scheduled to meet on Wednesday with executives that serve on the leadership committee of the American Petroleum Institute (API) and staff from the influential industry group, API said. Trump has enjoyed close ties with many oil executives, who have supported his regulatory initiatives and tax cuts, even as his tariff policies have raised concerns among some industry officials. "We appreciate the opportunity to discuss how American oil and natural gas are driving economic growth, strengthening our national security and supporting consumers with the President and his team," API said. The White House did not respond to a request for comment. The upcoming meeting is set to broadly focus on how to achieve Trump's goal for "energy dominance". API last year released a detailed policy roadmap, with plans to scrap regulations that would require more electric vehicles, restart licensing of US LNG export facilities, expand offshore oil and gas leasing, repeal a new $900/t fee on methane leaks, expedite permitting and e retain corporate tax cuts from 2017. The Trump administration has already accomplished some of those policies, and is starting work on others. The White House sees cutting energy prices through deregulation and expanded leasing as part of its strategy to ease inflation. Trump last week said he was "very happy" with oil prices at $65/bl, while US treasury secretary Scott Bessent has set a target of $50/bl. But producers would have to crimp production in the Permian basin at that price, former Pioneer Natural Resources chief executive Scott Sheffield said last week. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more