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BP said its Russian subsidiary, TNK-BP, sold its controlling stake in the Kovykta natural gas field to Russia’s Gazprom for $700 million to $900 million after months of pressure from the Russian authorities over licensing issues.
LNG carriers entering US waters will soon be met by a new generation of high-powered, specialist tugs with advanced fire-fighting and escort capabilities to handle the increasing LNG traffic entering American ports.
The United States Senate rejected an amendment to an energy bill being debated this week that would have restored state authority to block new LNG terminal projects.
US natural gas spot prices and the front-month New York Mercantile Exchange futures contract have steadily declined since the NYMEX hit a six-month high of $8.20 per million British thermal units on June 4.
Excelerate Energy of the US commissioned its Tessport LNG operation in Northeast England, using onboard ship regasification technology last winter. However, this coming winter could be bleak for the facility which relies on purchasing spot cargoes, says a report just published.
The UK's main natural gas network company has reduced its projection for LNG imports into Europe's largest gas market this winter by 28 percent because of an expected delay in the commissioning of one of two new LNG terminals.
Fluxy’s, the Belgian operator of the Zeebrugge natural gas hub, said it would simplify procedures by giving hub access rights to all shippers with transport or transit capacity on the Interconnector Zeebrugge terminal, the Zeepipe terminal and the LNG terminal.
Oregon LNG said the US Federal Energy Regulatory Commission approved its request to use the National Environmental Policy Act pre-filing process for the proposed LNG receiving terminal and pipeline, formerly known as Skipanon Natural Gas.
Japan, the world's No. 1 buyer of liquefied natural gas, boosted imports of the fuel for a second month in May as electricity producers turned to LNG to make up for shortfalls in output by nuclear power plants.
The France-based marine division of Converteam said it won a contract at Daewoo Shipbuilding & Marine Engineering in South Korea to supply electric power and propulsion systems for three LNG carriers ordered by Norway’s Knutsen OAS.
