New Fortress Energy Inc on Thursday proposed to build the first offshore U.S. liquefied natural gas (LNG) export facility and have it running in 12 months, a relatively short time amid a market hungry for the liquid gas.

The United States and the European Union have made substantial steps to ensure and strengthen European energy security, reduce reliance on Russian fossil fuels, and reduce Europe’s overall reliance on gas. As part of their plans, the U.S. will supply 15 billion cubic meters of LNG to the EU this year.

U.S. gas-to-power developer New Fortress Energy has signed two long-term sale and purchase deals for LNG from Venture Global LNG’s Plaquemines LNG and CP2 LNG projects.

Japan Petroleum Exploration (JAPEX) will participate in the project to construct an LNG terminal in the northern part of Vietnam.

Russia’s LNG producer Novatek signed a power purchase agreement for renewable electricity with the European energy company Fortum to supply Cryogas-Vysotsk LNG plant.

Houston-based power company Ceiba Energy announces the successful bid of its Portocem project for a 15-year power purchase agreement for a new 1.6 GW LNG-to-power plant in Brazil.

German cruise line AIDA Cruises has taken delivery of its second liquified natural gas (LNG) powered cruise ship AIDAcosma from the Meyer Werft shipyard in Papenburg, Germany.

UK-based LNG company Avenir LNG has entered into a time charter party (TCP) with Shell for the newbuild LNG bunkering supply vessel Avenir Achievement.

French energy major TotalEnergies has signed a series of agreements with the Sultanate of Oman for the development of low-carbon natural gas projects, including Marsa LNG establishment.

U.S. LNG export project developer Venture Global and a subsidiary of China National Offshore Oil Corporation (CNOOC) have signed two new deals to supply the Chinese market with LNG.