Daily News
Daily News (16516)
Children categories
Friday, 11 November 2011
Malaysia's first two LNG import facilities at Malacca and Johor will have provisions for third-party access for the nation's utilities to start LNG imports of their own at some time in the future. The statement on how the facilities will be operated came from senior executive of national energy company…
Published in
Latest News
Thursday, 10 November 2011
Spanish energy company Repsol, which has LNG activities in seven countries, posted nine-month operating income in its LNG division of 276 million euros ($375M), and amounting to 108M euros in the third quarter. Repsol posted overall business income of 1.9Bln euros in the first nine months of 2011, 6.4 percent…
Published in
Latest News
Thursday, 10 November 2011
BG Group, the UK LNG trader and project developer, underlined its gilt-edged status in the bond market when it brought its fund-raising to about $5.6 billion in two months by holding a sale of euro-denominated bonds for which there were "substantially" more buyers than available bonds. BG said it sold…
Published in
Latest News
Thursday, 10 November 2011
JGC Corp. of Japan, one of the world leaders in LNG engineering, construction and procurement contracting said its backlog of LNG work at the end of the last quarter amounted to $3.6 billion. The company revealed the figure as it unveiled an 88 percent jump in quarterly net profits for…
Published in
Latest News
Thursday, 10 November 2011
The Papua New Guinea LNG project being developed ExxonMobil and Australian-listed Oil Search, hosted investors for the laying of foundations at the LNG plant, located west of the capital Port Moresby, and which forms part of the first-phase investment of $15 billion. Oil Search, which has been involved in PNG…
Published in
Latest News
Wednesday, 09 November 2011
A.P. Møller-Mærsk, the Danish shipping company, saw profits plunge in the third quarter, with one of the few bright spots in its earnings being the LNG carrier fleet it is now selling to Canada's Teekay Corp. and Japan's Marubeni. Møller-Mærsk posted profits for the three months of 1.9 billion Danish…
Published in
Latest News
Wednesday, 09 November 2011
LNG and natural gas will continue to play a leading role in the global mix, but renewable energy use will rise just 5 percentage points from now to 2035, and by then projects such as solar and wind will be receiving subsidies of $250 billion, says the International Energy Agency.…
Published in
Latest News
Wednesday, 09 November 2011
Norway has officially recognized Japanese classification society and LNG industry safety advocate ClassNK as its newest competent maritime certification organization at a special signing ceremony in Tokyo. Deputy Minister Rikke Lind of Norway's Ministry of Trade and Industry, and ClassNK Chairman Noboru Ueda signed the agreement, which grants ClassNK the…
Published in
Latest News
Wednesday, 09 November 2011
The first line of the Nord Stream natural gas pipeline between Russia and Western Europe was officially inaugurated at Lubmin in Germany by Chancellor Angela Merkel and Russian President Dmitri Medvedev, but will have no impact on LNG prices. The new flow of natural gas from Russia's Gazprom to European…
Published in
Latest News
Wednesday, 09 November 2011
The US Senate hearing on LNG export projects heard testimony that overwhelmingly supported the development of ventures to sell surplus US natural gas supplies overseas, and the likely future impact on domestic prices was seen as marginal. The Senate Committee on Energy and Resources, comprising 10 Republican senators and 12…
Published in
Latest News
