Ophir Energy of the UK announces that it has finalised commercial terms and is in the process of signing preliminary sales agreements for LNG offtake from the Fortuna Floating LNG project offshore Equatorial Guinea in West Africa.
The Texas LNG Brownsville project said it had submitted all 13 draft resource reports to the Federal Energy Regulatory Commission, a key accomplishment in the US Government regulatory approval process, and has signed a plant automation agreement.
The Japanese government said the average price of spot liquefied natural gas cargoes delivered to Japan in October was $7.90 per million British thermal units compared with $15.30 per MMBtu in the same month a year ago, before falling oil prices impacted the market, a drop of $7.40 per MMBtu, or…
Gaz Metro LNG, a unit of the largest natural gas company in the Canadian province of Quebec, has signed commercial agreements with UK National Grid's New England natural gas distribution companies in the US to deliver them supplies of LNG.
Crowley Maritime Corp.'s petroleum distribution group has been granted approval by the US Department of Energy and the National Energy Board of Canada to import Canadian-sourced LNG for supply, transportation and distribution throughout the Pacific Northwest and Alaska.
The liquefied natural gas construction industry has enjoyed a sustained boom thanks to healthy order books for new LNG projects, especially in the US and Australia. It reached peak capacity in 2015 and now the inevitable decline is on the horizon, a report says.
Global natural gas trade is expanding and LNG is increasing more rapidly than pipeline gas and there will be ample supply of LNG cargoes over the medium term, the International Energy Agency said in its annual outlook.
Inpex Corp., the Japanese energy company developer of LNG projects in Australia and Indonesia, saw net income plunge almost 50 percent because of the depressed oil and energy markets.
French energy company Engie signed an investment agreement to take a one-third stake in developing a small-scale LNG plant and a regional storage and trading venture in the inland northwest Chinese province of Shaanxi.
Dutch natural gas company Gasunie, a shareholder in the Rotterdam Gate LNG terminal, has issued its latest survey showing supply and transit routes and its own markets overview indicating more Russian pipeline gas and LNG from various sources heading for Europe.