In this episode, Vulcan Energy CEO Cris Moreno joins Argus reporters Chris Welch and Avinash Govind to discuss the company’s latest progress at its Lionheart project in southwest Germany, following the start of new geothermal drilling activity to support Phase One development in Landau.

Key topics include:

• Scaling from pilots to full scale DLE and electrolysis
• Drilling outcomes at LSC 1A and 1B, and potential partnerships with oil majors
• Vulcan’s exposure to German and EU policy
• Phase Two and Three growth plans across the Upper Rhine Valley
• Updated offtake timelines and qualification pathways

Huge US propane inventories and the outlook for Chinese LPG demand were top of mind at Argus’ LPG forum in February.

Peter Wilton, Argus’ editor of International LPG in London, joins US NGLs editor Amy Strahan in this podcast to discuss trends and the global outlook discussed in this week’s LPG presentations in Houston.

Ongoing tensions in the Red Sea are diverting tanker vessels away from the Suez Canal. Erika Tsirikou and Josh Michalowski break down the latest developments and what they mean for clean tanker and diesel markets.

Key Points

• Prospect of a return to Suez Canal in 2026
• Effect on clean LR1 and LR2 rates
• Impact on European middle distillate markets of return to Suez