Latest News (16376)
Children categories
Exmar saw its 2007 operating results plunge 45 percent, though its LNG fleet earnings held up, and the Belgian-based shipping company expected new LNG carriers to boost income this year and next.
Broadwater LNG terminal, a joint venture between Royal Dutch Shell and TransCanada Corp. planned for Long Island Sound east of New York City, was given final approval by the Federal Energy Regulatory Commission.
Teekay Corp., the Canadian tanker owner and operator, has re-shuffled its fleet by selling two 1993-built LNG carriers to Bermuda-based subsidiary Teekay LNG for $230 million to help the unit’s long-term cash flow.
The East Coast of North America is facing a significant oversupply of LNG import capacity because of a shortage of supply and the situation will persist well into the next decade, according to Washington-based consultants PFC Energy.
Oil Search, a Papua New Guinea-based energy company, said the PNG LNG project it’s developing with ExxonMobil Corp. would seek almost $10 billion in loans and plans to deliver its first LNG cargoes by 2013.
Gaz de France said regasification capacity at the Montoir-de-Bretagne LNG import terminal on the west coast of France was short of peak capacity for a second day after a fuel oil spill at a nearby refinery affected part of the vaporization operations.
Sovcomflot and Gazflot, a wholly owned shipping arm of Russian natural gas company Gazprom, have concluded an agreement to service Gazprom's current and future offshore projects and for the transportation of hydrocarbons, including LNG.
Royal Dutch Shell said it would be rejuvenating its portfolio for a world of higher and more volatile commodity prices by concentrating on long-life projects such as LNG.
StatoilHydro’s Snøhvit LNG project has now delivered to its three key markets under offtake agreements, the US, Spain and France, after several months of technical problems at the Norwegian liquefaction plant, though it is still operating well below capacity.
Technip, the French LNG engineering firm, has reportedly been chosen by Russia’s Gazprom and its two European partners for the front-end engineering and design work on Phase 1 of the huge Shtokman LNG project.
