Norwegian company OceanSaver was awarded a contract for the provision of ballast water treatment (BWT) retrofit installations of its Mark II system for five of BP Shipping’s gas carriers.
CME Group, owner of several global trading platforms including the New York Mercantile Exchange (Nymex) for energy products, has formally expanded its range of derivatives with the introduction of a new delivered LNG cargo futures contract traded in Tokyo and elsewhere.
Italian energy company Eni was given the go-ahead by the Egyptian Ministry of Petroleum and Mineral Resources to develop the world-class offshore Zohr natural gas field in the East Mediterranean that could revitalise Egypt’s two LNG plants.
Sempra Energy, the California utility and owner of liquefied natural gas facilities in the US and Mexico, is making progress with its second Gulf Coast export venture planned for Port Arthur in Texas.
Gaztransport and Technigaz (GTT), the French designer of membrane containment systems for LNG maritime transportation and storage, posted a net profit as the energy technology company averted the worst effects of the oil price slump.
Australian energy company Santo, operator of the Gladstone LNG project in Queensland and with stakes in two other plants, posted full-year losses of A$2.7 billion (US$1.9Bln) as higher sales volumes were more than offset by significantly lower oil and LNG prices.
The number of importers of the bulk of global LNG has grown from seven countries in 2005 to almost 25 as demand continues to catch up with the current surge in supplies, while question marks remain over planned export projects.
The three energy majors involved in the Alaska LNG project have agreed to explore options to continue to progress with the venture after holding talks with state officials and Alaskan Governor Bill Walker.
Australian liquefied natural gas operator and Asia-Pacific energy major Woodside said its potentially large natural gas discoveries offshore Myanmar will be required for domestic use or could be partly destined for a new pipeline corridor to China rather than be liquefied and exported by ship.
Japanese liquefied natural gas imports plunged in January by more than 14 percent even at the current low prices for oil-linked contract deliveries for the world's largest buyer of cargoes.