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Thursday, 09 April 2015
The average price of LNG spot cargoes imported into Japan in March tumbled by more than $3 per million British thermal units to $7.60 per MMBtu compared with $10.70 per MMBtu the previous month because of the impact of the falling oil market and weaker seasonal demand.
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Wednesday, 08 April 2015
The Swedish Alfa Laval Group has entered into a patent licence agreement with Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea for the use of DSME's patents on high-pressure fuel gas supply systems.
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Wednesday, 08 April 2015
European LNG imports have dropped so much that no European country is listed in the world's top five importers and France is no longer part of the top 10 of importing nations though it helped to pioneer the fuel.
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Wednesday, 08 April 2015
Moody's Investor Service, the US corporate credit ratings agency, has released a report saying that low liquefied natural gas prices could lead to the cancellation of most of the LNG export terminal projects in the US and Canada.
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Wednesday, 08 April 2015
Woodside Petroleum, the Australian operator of two liquefied natural gas plants, has announced a natural gas discovery close to its existing Pluto LNG feed-gas resources.
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Wednesday, 08 April 2015
Royal Dutch Shell and BG Group have agreed a cash and share offer by Shell to purchase the UK-based liquefied natural gas portfolio company at a cost of $70 billion, a more than 50 percent premium to the last closing price of BG shares to create a global giant in the LNG market.
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Tuesday, 07 April 2015
GDF-Suez, the French utility and global liquefied natural gas player, said it was celebrating the 50th anniversary of the first commercial LNG cargo delivery from Algeria to the French port of Le Havre.
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Tuesday, 07 April 2015
Excelerate Energy Chief Executive Rob Bryngelson said he was pleased with the start-up of Pakistan's first LNG import terminal in Port Qasim, located on a channel of the Indus River east of the city of Karachi, and which is the ninth import facility the US company has provided with partners.
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Thursday, 02 April 2015
Equatorial Guinea in West Africa, which has one liquefaction plant in operation and a Floating LNG venture in development, has ratified a production sharing contract with ExxonMobil for Block EG-06 near where the feed-gas will come from for the FLNG project.
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Thursday, 02 April 2015
BG Group Chief Executive Helge Lund has pledged to continue to develop the UK liquefied natural gas player's LNG supply portfolio, despite the weaker price environment caused by the oil market slump.
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