Daily News

Daily News (16520)

Children categories

Wednesday, 19 February 2025
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…
Wednesday, 19 February 2025
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…
Imports of Russian LNG into the EU have soared – regardless of sanctions – with most shipments headed to France, Spain and Belgium and a third of cargoes imported as spot trades. Analysts urge EU members states to prioritise on phasing out these flows.
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…
Greater utilisation of India’s fleet of gas-fired power plants could accelerate LNG imports to bridge the gap left by marginal domestic gas production increases, the International Energy Agency (IEA) finds. Supportive policies by the Indian government could tilt the national power gen mix more towards cleaner-burning natural gas and hydrogen…
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.
Monday, 17 February 2025
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…