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Wednesday, 07 December 2016
Trafigura, the global commodities company, said its traded liquefied natural gas volumes increased by 53 percent over the past 12 months as more traders were hired and Asian volumes increased. Chief Executive Jeremy Weir said 2017 would likely bring more uncertainty and change.
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Wednesday, 07 December 2016
US government forecasts say growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports will contribute to the benchmark Henry Hub spot price rising from an average of $2.49 per million British thermal units in 2016 to $3.27 per MMBtu in 2017.
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Wednesday, 07 December 2016
The International Gas Union has appealed to India at a meeting in New Delhi, which recently suffered a pollution crisis, to use more available liquefied natural gas as a replacement for coal to help improve the nation's air quality.
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Wednesday, 07 December 2016
Hoegh LNG of Norway said it had signed an accord for one firm and three optional LNG Floating Storage and Regasification Units from the Samsung Heavy Industries shipyard in South Korea as it prepared for a market upturn with new customers lined up in South America, Africa and Europe.
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Tuesday, 06 December 2016
Dreifa Energy, a new LNG company founded by Norwegians, and fleet operator and services company Bernhard Schulte Shipmanagement (BSM) have signed an operational partner agreement for floating terminals.
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Tuesday, 06 December 2016
In Atlantic Basin LNG shipping movements, there continued to be steady cargo flows from the Cheniere Energy Sabine Pass plant in Louisiana and there were liftings at Bonny Island in Nigeria and the Point Fortin plant in Trinidad as a delivery from Algeria was also scheduled for Turkey.
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Tuesday, 06 December 2016
Origin Energy, the major shareholder in the Australia Pacific LNG plant in Queensland, is launching a major corporate overhaul that includes floating off its conventional natural gas assets as a separate company while keeping APLNG and related assets.
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Tuesday, 06 December 2016
A project aimed at importing liquefied natural gas cargoes into the UK natural gas market at the port of Barrow-in-Furness in Cumbria, northwest England, from Louisiana on the US Gulf Coast is still alive after an offtake agreement was extended to November 2017.
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Tuesday, 06 December 2016
Inpex Corp., the Japanese oil and gas company and US major Chevron Corp., who each have large and competing LNG project interests in Australia, have joined force to successfully bid for an exploration lease in the Mexican sector of the Gulf of Mexico.
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Tuesday, 06 December 2016
French energy and LNG engineering company Technip and subsea operator FMC Technologies said that their respective shareholders had voted to approve their proposed $13 billion merger, now expected to formally take place in early 2017.
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