LNG
Overview
LNG's role as a key feedstock is well established as it helps manage both input costs and carbon emissions. Heavy industrial users' drive to achieve net zero targets has added a new dimension to how and where it is being deployed. Overall, its use is expected to increase and is tipped to become the strongest-growing fossil fuel.
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Canada vows to cut red tape to woo energy firms
Canada vows to cut red tape to woo energy firms
Calgary, 14 July (Argus) — Canada's federal government is courting energy companies with the passage of a new law designed to fast-track major projects, but some developers might have reservations after a decade of frustration under Liberal party rule. Prime minister Mark Carney has pushed Bill C-5 through parliament to spark investment and project development by promising faster approval times while circumventing onerous rules made by previous Liberal-led governments. Oil and gas firms see this as a positive step, but with the law comes familiar ambiguity. To be considered for the new "national interest projects" list, a project should strengthen Canada's autonomy, provide economic benefits, have a high likelihood of completion, be in the interests of indigenous groups and contribute to meeting Canada's climate change objectives. How well a project satisfies these requirements will be at the discretion of Carney's cabinet and requires a leap of faith for supporters and opponents to trust the new process. Developers can expect a tighter two-year time limit for a federal decision, but how quickly the government navigates indigenous and environmental aspects remains to be seen. Such a consultation was seen as crucial under former prime minister Justin Trudeau, and Carney plans to strike a balance between these aspects and economic development. "Bill C-5 doesn't reform Canada's burdensome regulatory system, which is preventing needed investment," think-tank the Fraser Institute says. "It simply lets politicians decide who gets around it." Some indigenous and environmental groups fear that their concerns about potential projects might be played down under the new fast-track process. Such groups were critical of the legislation, not only because of its implications, but because the bill was fast-tracked, meaning debate and study were truncated. Steel of a deal Oil-rich Alberta's premier, Danielle Smith, and counterparts from other provinces are letting Carney's plan play out — for now. "You can only talk the talk for so long before you start putting some real action around it," Smith says, adding that she wants Alberta's projects on Carney's fast-track list by the autumn. Projects to move energy flows to Canada's east are once again being contemplated, with Smith signing an initial agreement last week with Doug Ford, premier of Ontario, which has been feeling the force of US tariff action. The two leaders will study more oil and gas pipelines between the two provinces built using Ontario steel — a prospect not possible under Trudeau. "Carney is no Justin Trudeau," Ford says, adding that Carney, unlike his predecessor, is bringing "the business approach to the federal government". Free enterprise is Alberta's forte, with TD Economics projecting the province to be a key economy for energy growth in 2025-26. An estimated C$17bn ($12bn) will be invested in oil sands in 2027, up by 28pc from 2024, the Alberta Energy Regulator says. Smith hopes to maintain strong capital inflow by securing more pipeline options, having set a goal of doubling Alberta's oil output from 4mn b/d in 2024. An economic revival seems poised to unfold across Canada, with a proposed LNG export project in Baie-Comeau, Quebec, unveiled this month, just days after LNG Canada's 14mn t/yr west coast facility loaded its first cargo. Quebec premier Francois Legault confirmed his team has discussed the Baie-Comeau project with developers. Federal energy minister Tim Hodgson suggested last week that itcould be considered for the national interest list if Quebec and the developers brought it forward. The scheme is a notable departure for Quebec, which — along with the federal government — cancelled a proposed LNG project in Saguenay in 2021 for environmental reasons. By Brett Holmes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Q&A: Titan on the future of LNG and bio-LNG bunkering
Q&A: Titan on the future of LNG and bio-LNG bunkering
London, 10 July (Argus) — Titan is a leading supplier of LNG and bio-LNG as a bunker fuel, mostly supplying volumes in northwest Europe. Argus spoke to Titan's commercial director, Michael Schaap, about the future of LNG and bio-LNG bunkering. How has the demand for LNG as a marine fuel evolved over the past year, and what factors are driving this growth besides FuelEU Maritime? Demand for LNG as a marine fuel has grown significantly over the past year, driven not only by regulatory developments like FuelEU Maritime but also by the growth of the LNG dual-fuel fleet. According to DNV's Alternative Fuels Insights platform, 642 LNG-powered vessels are currently in operation, excluding LNG carriers. Of these, 169 were delivered in 2024, setting a record. The growth in demand is expected to continue — 264 new orders for LNG-fuelled vessels were placed in 2024, also a record and more than double the number of orders placed in 2023. Essentially, the total addressable market for LNG pathway fuels in 2028 will be enormous. The LNG pathway uses LNG (and its established infrastructure), bio-LNG and e-methane (derived from renewable hydrogen). All of these fuels can be blended at any ratio and ‘dropped into' infrastructure and vessels with little to no modification required. It is increasingly recognised as a practical route to take the shipping industry to net zero greenhouse gas emissions. What are the current challenges in scaling LNG bunkering infrastructure to meet the needs of the growing fleet of LNG dual-fuel vessels? A key challenge is ensuring timely investment in bunkering infrastructure to keep pace with the growing number of LNG-fuelled vessels. Take LNG bunkering vessels, for example. According to the DNV, about 64 LNG bunkering vessels are in operation worldwide today, with a further 16 on order. While this far exceeds other alternative fuels, continued investment and expansion will be important. To maintain safe, timely and efficient LNG deliveries that meet demand, it is also important to maintain a suitable number of LNG loading slots. The increased demand for LNG and bio-LNG could alter the dynamics between buyers and sellers in the market. The spot market may become more challenging and expensive for shipowners and operators going forwards. As a result, those that can plan should book capacity well in advance and sign long-term offtake agreements. A good balance of pre-booked business also allows suppliers to reinvest in infrastructure such as bunkering vessels, shifting the market back towards the buyers. Where is Titan looking to expand — beyond northwest Europe? Titan supplies and bunkers LNG and increasingly bio-LNG around the world, partnering with local companies to support if needed. Titan's base, the Zara (Zeebrugge, Amsterdam, Rotterdam, Antwerp) region, is a key hub for LNG, bio-LNG and in the future, e-methane bunkering, and this is not expected to change. Having said this, the Mediterranean is recognised as a key strategic market for expansion. The Mediterranean became an Emission Control Area (ECA) on 1 May, so we expect this to escalate the need for LNG and bio-LNG in the region. Compared with heavy fuel oil, LNG pathway fuels can reduce nitrogen oxide emissions by up to 80pc and almost eliminate sulphur oxide and particulate matter emissions, offering ECA compliance. How is Titan positioning itself to meet the expected boom in bio-LNG demand growth over the coming years and decades? Titan is leading the way in supplying bio-LNG. We have been bunkering nearly all of [Norwegian shipping line] UECC's LNG-powered car carriers with bio-LNG since mid-2024, offering over-compliance with FuelEU Maritime, which presents financial rewards through pooling or banking. The partnership has now been extended through 2025. In 2024, we completed the world's largest ship-to-ship bio-LNG bunkering. We bunkered 2,200t of mass balanced bio-LNG to a Hapag-Lloyd containership in Rotterdam. The bio-LNG was ISSC-certified and recognised under the EU's Renewable Energy Directive known as Red II, marking a major milestone in the clean marine fuels transition. Going forwards, we hope to continue pioneering bio-LNG bunkering across more ports, and we feel it is important for us to further scale our bio-LNG offering as customers increasingly look to focus on regulatory compliance. We will also continue to closely monitor demand and supply signals for other clean marine fuels and will implement them into our portfolio as necessary. What do you see as the main challenges to bio-LNG growth, both in Europe and globally? High production costs remain a challenge for bio-LNG, but processes such as mass balancing are helping to lower supply-side costs. Mass balancing is a system in which biomethane is injected into the gas network and transported to liquefaction plants and LNG terminals using the existing infrastructure. It is expected to feature on many alternative fuel pathways and is a practical way of delivering clean molecules. The best analogy is when domestic energy companies provide consumers with renewable energy in a very similar way. Co-ordinated and consistent public-sector support for biomethane production will also support continued growth in the sector. The EU REPowerEU plan has ambitious biomethane usage targets of 35bn m³ by 2030. In 2023, the EU produced 22bn m³ of biogas, with biomethane being a key component. There is still plenty of work to do. Public-sector support is not only in the interest of end-users, but also of governments. This is because bio-LNG provides energy security, reducing dependency on any other nation's gas supplies. Bio-LNG can be produced locally, anywhere where waste feedstocks are available. At a time of geopolitical instability, the independence and resilience that lots of smaller suppliers can offer is a powerful incentive to invest. Gas prices have been very volatile since the start of this decade. Do you see this as a limiting factor to LNG and bio-LNG bunkering growth? While price fluctuations are a consideration, they do not fundamentally limit growth. LNG and bio-LNG remain cost-competitive compared with other alternative fuels. As LNG and bio-LNG are produced differently, factors that affect the price of one will not necessarily affect the other. To mitigate against market volatility, building in optionality is key. Shipowners and operators have this through their dual-fuel engines, switching to fuel oil if needed. Our bunkering assets are similarly flexible. Using our specialist skill set, we are also open to delivering any fuel that can substantially decarbonise shipping, which will further diversify our operations and build resilience. By Martin Senior and Natalia Coelho Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
LNG imports feasible, New Zealand utilities say
LNG imports feasible, New Zealand utilities say
Sydney, 10 July (Argus) — Importing LNG to cover New Zealand's shortfall of gas is technically feasible but more challenging than expected, according to two new reports commissioned by five energy companies. Conventional-scale LNG imports would help meet power demand in years when hydroelectric inflows are low, but the total cost to end users is estimated at NZ$170-210mn/yr ($102-126mn/yr) including costs of $10.12-10.37/MMBtu on a landed basis — or approximately NZ$17.83-18.27/GJ, based on a forward exchange rate of NZ$1.67:$1 — according to reports sponsored by New Zealand utilities Clarus, Contact Energy, Genesis Energy, Meridian Energy, and Mercury. Major works to establish infrastructure such as port or pipeline upgrades have been estimated at NZ$190mn-1bn, a level of investment that holds risks given uncertainty about the country's future energy mix and need for imports. Smaller-scale options using existing ports and involving imports from Australia via 15,000m³ vessels could provide an additional 7-10 PJ/yr (187mn-267mn m³/yr) or about one month's supply, but this could cost 25pc more than the large-scale option at about $11.41-11.92/MMBtu, or NZ$20.10-21/GJ . Smaller-scale LNG infrastructure capital costs could be NZ$140mn-295mn, but securing offtake and a solution for storing imported LNG would need to be finalised first, the study said. New Zealand's gas supply has plummeted after years of underinvestment in the Taranaki basin, the country's main source. Just 25.93PJ was produced in January-March, down by 19pc on the year, according to government data. High prices are impacting the production of fertilizers and other industries . Wellington is looking to lure upstream producers via a NZ$200mn co-investment to buy stakes in new gas fields, while also working towards potential LNG import plans . By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Trump threatens 50pc Brazil tariff: Update
Trump threatens 50pc Brazil tariff: Update
Updates with comments from Brazil's vice president Washington, 9 July (Argus) — US president Donald Trump is threatening to impose a 50pc tariff on imports from Brazil from 1 August, citing the ongoing trial of that country's former president, Jair Bolsonaro. Trump's letter to Brazil's president Luiz Inacio Lula da Silva, released on Wednesday, is one of the 22 that the US leader sent to his foreign counterparts since 7 July, announcing new tariff rates that the US will be charging on imports from those countries. But his letter to Brazil stands out for allegations of a "witch hunt" against Bolsonaro, who — much like Trump — disputed his electoral defeat and attempted to stay in office. Brazil's supreme court qualified Bolsonaro's actions in 2022 as an attempted coup, ordering him to stand trial. Trump said he will impose the 50pc tariff because "in part to Brazil's insidious attacks on Free Elections and the Fundamental Free Speech Rights of Americans". The latter is a reference to orders by judges in Brazil to suspend social media accounts for spreading "misinformation". Trump separately said he would direct US trade authorities to launch an investigation of Brazil's treatment of US social media platforms — an action likely to result in additional tariffs. Trump's letter to Lula also contains language similar to that included in letters sent to 21 other foreign leaders, accusing Brazil of unfair trade practices and suggesting that the only way to avoid payments of tariffs is if Brazilian companies "decide to build or manufacture product within the US". The Trump administration since 5 April has been charging a 10pc extra "Liberation Day" tariff on most imports — energy commodities and critical minerals are exceptions — from Brazil and nearly every foreign trade partner. Trump on 9 April imposed even higher tariffs on key trading partners, only to delay them the same day until 9 July. On 7 July, Trump signed an executive order further delaying the implementation of higher rates until 12:01am ET (04:01 GMT) on 1 August. Trump earlier this week threatened to impose 10pc tariffs on any country cooperating with the Brics group, which includes Brazil, China, Russia, India and South Africa. Lula hosted a Brics summit in Rio de Janeiro on 6-7 July. Brazil vice president Geraldo Alckmin, speaking to reporters before Trump made public his letter to Lula, said: "I see no reason (for the US) to increase tariffs on Brazil." The US runs a trade surplus with Brazil, Alckmin said, adding that "the measure is unjust and will harm America's economy". Trump has justified his "Liberation Day" tariffs by the need to cut the US trade deficit, but the punitive duties also affect imports from countries with which the US has a trade surplus. By Haik Gugarats and Constance Malleret Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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