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Gail Authority of India, the nation’s natural gas transmission company and one of the main LNG importers, posted a more than 24 percent plunge in fiscal 2016 annual profit to $341 million even as turnover for the year rose 10 percent to over $7.5 billion and the customer base increased.
Koch Industries, the multinational company controlled by entrepreneur Charles Koch, has seen its subsidiary Flint Hills Resources awarded a permit to export liquefied natural gas in containers from the US Gulf Coast.
Australian energy company Santos said its Gladstone LNG plant in the eastern Australian state of Queensland, built at a cost of US$18.5 billion, has brought on stream the second liquefaction Train that will soon take overall production to 7.8 million tonnes per annum and supply customers in countries such as…
NextDecade, a company run by former Royal Dutch Shell LNG executive Kathleen Eisbrenner and proceeding with its US Rio Grande LNG export plant near the port of Brownsville in Texas, has launched an open season for its affiliated pipeline venture that will deliver feed-gas to the liquefaction plant.
Sevan Marine, the Norwegian design, engineering and project company working on floating liquefied natural gas production and import concepts for the Philippines and the US, posted a first-quarter loss as it reorganized its management and cut costs.
India’s monthly liquefied natural gas imports have surged more than 45 percent, boosted by its first LNG shipment from the United States, and putting the nation on target to break the 20 million tonnes import level for the year.
Gassco, the Norwegian pipeline operator and one of the main competitors to liquefied natural gas in Europe, has inaugurated a new pipeline terminal at Emden for deliveries to Germany, which has largely shunned LNG.
Mozambique, the southeast African nation that was previously on track to develop liquefied natural gas projects from its world-gas reserves, is heading instead for a debt default amid a secret government loans scandal and delays of several years in moving forward with LNG ventures.
The Premier of the Canadian province of British Columbia is leading a trade mission to Asia to try and get liquefied natural gas development plans back on track after project postponements and threats by the federal government in Ottawa to block ventures.
France’s three liquefied natural gas import terminals are being targeted for shutdowns by strikers until May 26 as part of industrial action against labour law reforms in the country that have already led to the closure of oil refineries and petrol stations in actions by truckers.