A host of leading liquefied natural gas players such as energy major Royal Dutch Shell, Middle East producer Qatargas, French importer Engie as well as shipping lines and classification societies have teamed up to promote more LNG use as a maritime fuel.
Aker Solutions, the Norwegian energy and LNG project engineering company, said the markets were challenging and projects are being postponed across the industry, though cost cuts are driving down break-even levels, which may allow some major developments to be sanctioned in the next 12-18 months.
The US Senate voted to appoint seven members to a conference committee with the House of Representatives to reconcile corresponding energy bills affecting liquefied natural gas export projects.
There has been a lot of market interest in the amount of lean liquefied natural gas entering the global market, with the start-up of coal-seam-gas-to-LNG projects in Queensland, Australia, and future shale-gas exports from US Gulf Coast liquefaction projects.
Lithuanian liquefied natural gas terminal operator, the oil and energy storage company Klaipedos Nafta, has received more funding from the European Union to upgrade its LNG infrastructure.
While the Canadian province of British Columbia’s LNG industry is frozen, the French-speaking province of Quebec is moving forward with some hydraulic fracturing in a potentially huge shale play and in LNG truck deliveries to remote areas.
LNG Canada, the project being developed in British Columbia by Royal Dutch Shell and leading Asian energy partners, has further delayed its final investment decision originally scheduled for the end of 2016 amid the oil price slump and hostility to the hydrocarbon industry displayed by the federal government in Ottawa…
GasLog Ltd., the Monaco-based LNG fleet operator with 22 ships owned and operated, has signed a seven-year time charter party with France’s Total Gas & Power Chartering for a vessel currently being built at Hyundai Heavy Industries in South Korea.
Japan said the price of spot liquefied natural gas cargoes imported into the country in June amounted to $4.50 per million British thermal units, down $3.10 per MMBtu compared with the $7.60 per MMBtu paid in the same month a year ago.
The Italian-Spanish engineering consortium that built Europe’s newest liquefied natural gas import terminal at the French Channel port of Dunkirk has expressed satisfaction at the project reaching the commissioning state.