The European Union (EU) is considering backing investments in overseas fossil fuel infrastructure and moving to long-term contracts to cut the high energy prices, which are damaging European industries, according to a proposal seen by newswires. This move would mark a major change in the bloc’s energy policies, strengthening Europe’s…
Free ReadOman LNG has signed a 10-year sale and purchase Agreement (SPA) with Swiss-based trading company, Mercuria. Under the agreement, Oman LNG will supply the LNG on a free-on-board (FOB) basis, with deliveries of 800,000 tonnes per annum due to start this April. Speaking at the signing ceremony, Hamed Mohammed Al…
An agreement to firm up the establishment of a gas hub in the Eastern Mediterranean was signed in Cairo earlier this week. This will capitalise on Egypt’s existing hydrocarbon infrastructure and position Cyprus as a gas producer and exporter, the signatories said.
South Korean shipbuilders are expected to benefit from a potential surge in LNGC and crude carrier newbuilding demand. The ramp up of newbuilding interest should come on the back of US President, Donald Trump’s plans to further develop fossil fuels and tighten sanctions on Iran, industry sources in Seoul said…
Free ReadSignal Ocean, a company within the Signal Group involved in maritime analytics and technology, has launched the LNG Flows tool. This initiative provides real-time, data-driven insights into global LNG trade flows, helping industry professionals, analysts, and stakeholders track LNG movements worldwide with precision and ease, the company claimed. Available free of…
Russian officials held meetings with Indian buyers last week to try to sell LNG from an export facility sanctioned by the US. Government officials and NOVATEK executives, operating the Arctic LNG 2 export plant, spoke with potential buyers at the India Energy Week conference in New Delhi, a Bloomberg report…
Asian spot LNG prices rose to a more than one-year high last week. This was on the back of forecasts of colder temperatures and the concerns over Europe's low storage levels.
GasLog Partners has suffered a revenue drop to $85.2 mill for the quarter ended 31st December, 2024, compared to $101.1 mill for the same period in 2023. The decrease was mainly attributable to the 2024 fixtures being at lower rates, due to the weak market and the 85 idle days…