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Tuesday, 17 May 2016
Jovo Group, the Chinese energy distribution company and a liquefied natural gas import terminal owner in the southeast Guangdong province, has signed a supply agreement with the Monkey Island LNG export project in Louisiana being developed by a former US telecoms operator.
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Tuesday, 17 May 2016
Freeport LNG, the export project led by US energy entrepreneur Michael Smith at Quintana Island in Texas, is progressing smoothly, including current work on dredging the original marine basin at the existing import terminal.
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Tuesday, 17 May 2016
Petronet LNG, the Indian importer with two regasification terminals on the west coast, posted a tumble of more than 30 percent in income from operations in fiscal 2016, though improvement was seen in the final quarter after Qatar supply company RasGas agreed to drop its prices.
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Monday, 16 May 2016
General Atlantic, a US equity fund, has emerged as the frontrunner in an auction to buy a controlling stake in Argus Media Group, valuing the London-based energy and industry pricing and news organization at more than $1 billion.
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Monday, 16 May 2016
The US Department of Energy has published data on liquefied natural gas exports for the first quarter of 2016, showing prices of LNG sold from the Cheniere Energy plant at Sabine Pass in Louisiana ranging from $3.35 per million British thermal units to $3.77 per MMBtu.
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Monday, 16 May 2016
Driftwood LNG, a US export development company owned by former Cheniere Energy Chief Executive Chafir Souki and ex-BG Group LNG chief Martin Houston, has filed an initial plan with regulators for their proposed export facility on the US Gulf Coast to produce 26 million tonnes per annum.
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Monday, 16 May 2016
Four new security patrol vessels will now help protect the Nigerian LNG export plant on Bonny Island in the Niger delta as security is stepped up in West African waters, which according to the US government have now replaced Somalia as the danger area for acts of piracy and attacks…
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Friday, 13 May 2016
Japanese LNG and energy project engineer Chiyoda Corp, working on projects in Australia, Mozambique, Russia and the US, said full-year fiscal 2016 sales rose 27 percent to 611.54 billion yen ($5.63Bln) compared with 480.97Bln yen in the 2015 fiscal year, though net operating income and profitability crashed.
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Friday, 13 May 2016
Norwegian shipping company Awilco LNG said that an oversupply of shipping in the carrier market, limited growth in trade and a reduced ton-mile ratio have combined to keep the LNG spot market at “unsustainable levels” for more than one year, both in terms of low utilization and depressed freight rates.
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Friday, 13 May 2016
Japan said the price of spot liquefied natural gas cargoes imported into the country in April amounted to $5.80 per million British thermal units, down $2.10 per MMBtu compared with the $7.90 per MMBtu price in the year-ago period.
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