Stephen Stapczynski
The LNG nerd on Bluesky
Energy & commodities reporter at Bloomberg News in Singapore. Opinions my own
Interests include natural gas, LNG, oil, power, coal, nuclear, renewables, climate change
- GAS TURBINE SHORTAGE 🚨⚡ Orders for turbines for natural gas power plants are vastly outpacing supply, threatening the world’s ability to keep pace with rising electricity demand 🧵 Thread on how we got here and what it means for power-hungry nations www.bloomberg.com/features/202...
- The crux of the issue is that the gas turbine market is dominated by three companies -- Siemens Energy, GE Vernova, Mitsubishi Heavy Theyve been caught flat footed by an acceleration in orders over the last few years. And they aren’t able (or willing) to quickly boost output
- NEW LNG IMPORTER SOON? 🇳🇿🚢 New Zealand moves forward with plans to build a new LNG import terminal as domestic gas production falters www.1news.co.nz/2025/10/01/g...
- Weak Chinese LNG demand is good news for Europe 🇨🇳🤝🇪🇺 📉 China's imports are poised to fall 22% in Sept due in part to milder weather, rising domestic output. China is the world's top LNG buyer 👍 That'll free-up supply for gas-hungry rivals elsewhere (like those in Europe)
- AI data centers are sending US power bills soaring, Bloomberg analysis shows 🇺🇸⚡📈 Wholesale prices more than doubled since 2020 in some markets, but those increases arent equal Of the nodes where prices rose, over 70% are within 50 miles of significant data center activity
- MANY SUCH CASES: Louisiana’s utility regulator approved Entergy’s plan to build three new gas-fired plants to power Meta’s data center
- Power demand on the largest US grid is poised to surge thanks to the AI boom 🇺🇸 ⚡️📈 PJM Interconnection, which manages the 13-state system stretching from Washington DC to Illinois, expects peak summer demand to jump by 38% by 2035 www.bloomberg.com/news/article...
- More countries are looking to buy US oil & gas to make Trump happy 🇺🇸🛢️ 🇰🇷 South Korea's trade minister said the country will consider buying more to reduce their trade surplus with the US ⚠️ Vietnam, EU & Taiwan are considering to do the same to avoid Trump's proposed tariffs
- Vietnam aims to complete its first nuclear power plant by 2030 to boost energy security 🇻🇳❤️☢️ 📝 Prime Minister Pham Minh Chinh ordered the REMARKABLY ambitious target today ⚠️ This comes after Vietnam was hit with blackouts in 2023 due to hot weather, coal power malfunctions
- More LNG ships divert to Europe in search of better profits 🚢🚢 🇪🇺 At least 6 ships changed course away from Asia to Europe since last week 📈 Europe needs more LNG after losing Russian pipeline gas via Ukraine 🙅♂️ Asia demand is subdued as winter ends (and prices too high)
- This person isn’t me! Report them if you can please bsky.app/profile/s-st...
- More LNG vessels are diverting to Europe to take advantage of better prices 🚢 📈 Four diversions from Asia to Europe in the last week. Europe needs LNG to replace the lost Russian pipeline gas supply via Ukraine 📉 Asia doesn't need the LNG as demand remains subdued
- Heating demand… rising #natgas
- The US sanctioned two of Russia’s active LNG export plants 🇺🇸 🇷🇺 ⚠️ 📝The restrictions targeted Portovaya and Vysotsk, Russia’s smaller LNG plants 🚢 The US (the world’s biggest LNG exporter) has been focused on halting Russia’s plans to expand gas sales
- China will keep tapping coal 🇨🇳❤️🪨 📈 China's top industry coal group expects output to rise to 1.5% in 2025, the ninth consecutive annual increase 🔥 Demand also seen rising 1% ⛏️ China has expanded mining capacity so that supply runs ahead of demand www.bloomberg.com/news/article...
- The UK’s wind turbines have overtaken gas plants for the first time as the number one source of power 🇬🇧🌬️ www.bloomberg.com/news/article...
- Japan’s shipowners plan to spend $6 billion to boost its fleet of LNG tankers through 2030 🇯🇵 🚢 💰 Top three shipowners to increase fleet 40% by end of decade 👉 This big investments will ensure a stable supply of energy and profit from the growing market
- US gas traders checking the weather at end of 2024
- Biden will order a ban on new offshore oil and gas drilling 🇺🇸🛢️ Unlike other executive actions that can be easily undone, Biden’s declaration is rooted in a 72-year-old law that gives the White House wide discretion to permanently protect US waters www.bloomberg.com/news/article...
- Austria says other natural gas sources are compensating for the loss of Russian fuel via Ukraine 🇦🇹 👍 Gas imports via Germany and Italy are sufficient, says Austria‘s grid manager “Domestic supply to end users is currently being managed from imports, storage and production.”
