“[The Russians] are bringing 16.5 million tons of LNG from the Yamal [LNG project] through the Bering Strait [en route to Asia] 2,600 miles through the ice, while we’ve got big fields in Prudhoe Bay [Alaska] that are lying fallow” that would require just 600 miles through the ice zone, Treadwell asserted to lawmakers at a maritime subcommittee hearing in the U.S. House of Representatives.

The port, on Australia's east coast and home to the region's three LNG terminals, exported 1.78 million mt of the fuel during the month, up 6% year on year but down 8% from the March high of 1.93 million mt,

The Government of the Russian Federation has approved the plan to develop the investment project aimed at building a LNG terminal in Murmansk Region.

The EU has long worked to diversify from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers. Qatar and Australia are other major LNG suppliers.

With estimated gas reserves of over 5,000 Bcm, Mozambique has attracted three LNG projects with total capacity of more than 30 million mt/year and $50 billion capex development, with commissioning expected between 2022 and 2025.

Shell, the world’s largest buyer and seller of LNG, is raising cash to help pay for its $54 billion purchase of BG Group in 2015 and hopes to raise around $1 billion from the sale of its 35 percent stake in the project, the sources said.

The EU has long worked to diversify from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers. Qatar and Australia are other major LNG suppliers.

In 2018, global trade in liquefied natural gas (LNG) increased by 3.2 billion cubic feet per day (Bcf/d) to 41.3 Bcf/d, an 8% increase from 2017

Global oversupply that has pulled spot LNG prices down by more than 50 percent over the past half-year has producers succumbing to consumer demands for fuel on shorter notice and without sourcing or destination restrictions.

World capital expenditure for both LNG plant and upstream infrastructure will total more than $200bn between 2019 and 2025.