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LNG cargoes from Sabine Pass going to Argentina face challenging economics on a purely point-to-point basis, according to an Argus analysis of data released by the US Government and Argentine state energy firm Enarsa.
Wednesday, 17 August 2016
The LNG market is about to attract more players and more trading, as new supply from the US and Australia strengthens buyers’ bargaining power, according to a report from Bloomberg.
More than 14 countries are expected to commission their first floating import units (FSRUs) during 2016-2022, according to a new report.
Korea Gas Corp (KOGAS) has signed a memorandum of understanding (MoU) with the Mexico’s Yucatan state to build an LNG import terminal and associated pipeline infrastructure, according to a statement, reported Platts.
Platts Japan/Korea Marker (JKM) for deliveries in September ended last week at $5.525/MMBtu, down 17.5 cents/MMBtu, on lower offers and new supply.
Det Norske Veritas and Germanischer Lloyd (DNV GL), an international classification society, have given IHI the approval in principle for its design of a Floating LNG Power Station (FLPS). The concept is a combination of a FSRU and a power plant.
DNV GL has given IHI Corp an Approval in Principle (AiP) for the Japanese company’s Floating LNG Power Station (FLPS) concept.
Friday, 12 August 2016
JPS, Jamaica’s energy company has received its first laden LNGC. Supplied by New Fortress Energy, the first shipment arrived at Kingston (Jamaica) on the ‘Golar Arctic’ on 5th August.
Thursday, 11 August 2016
The Israeli gas authority is to recommend the installation of a second LNG receiving terminal, according to the Marker, an Israeli business journal.
The Middle East’s largest regional private sector natural gas company, Sharjah-based Dana Gas, reported a net profit of $7 mill for the second quarter of this year, similar to the $7 mill in 2Q15.