Daily News
Daily News (16516)
Children categories
Monday, 03 February 2025
The European Union (EU) gas price cap introduced during the 2022 Russian gas crisis expired last Friday, having not been triggered since its inception. It was designed to kick in, if European gas prices hit €180 per MWh - a level the benchmark EU price has not reached since the…
Published in
Latest News
Monday, 03 February 2025
South Korea is to change its energy import strategy by importing up to 7 mill tonnes of US LNG per annum. This move aims to gradually replace its Qatari LNG imports, driven by the expiration of long-term contracts and the desire to diversify energy sources.
Published in
Latest News
Monday, 03 February 2025
Free ReadOil and gas prices eased on Friday and closed the week lower, as the oil and gas industry awaited news of the impact of US’ 25% tariffs on Canadian and Mexican imports, and China’s 10% levy, which was confirmed on Saturday. The European Union could be hit at a later…
Published in
Latest News
Friday, 31 January 2025
Although the ceasefire agreement between Israel and Hamas seemed to bring some respite to regional tensions, the complete functioning of the Suez Canal will be a mixed bag for LNG shipping, Drewry Shipping Consultants said in a report. While the resumption of Suez Canal transits could aid the role of…
Published in
Latest News
Friday, 31 January 2025
Free ReadJapan continued to hold the top LNGC ownership spot in terms of fleet value, according to VesselsValue. As of this month, the Japanese LNG fleet is valued at $40.9 bill, up from $37.8 bill in February, 2024. Japan also leads in LPG carrier ownership value and fleet size ($15.1 bill),…
Published in
Latest News
Friday, 31 January 2025
Malaysia’s energy giant, Petronas has confirmed that its operations in Bintulu and Miri were unaffected by the severe flooding, which occurred on 29th January. “Petronas wishes to inform that its operations in Miri and Bintulu remain uninterrupted following the severe flooding in both areas on 29th January.
Published in
Latest News
Friday, 31 January 2025
US engineering company, Baker Hughes has been awarded a major contract to provide a modularised LNG system and power island to support Venture Global LNG projects. In addition, the company signed a multi-year services frame agreement, including maintenance, inspection, repairs and engineering services, to support phases 1 and 2 of Venture Global’s Plaquemines…
Published in
Latest News
Thursday, 30 January 2025
Free ReadEurope has not proposed a ban on Russian LNG during its latest package of sanctions. This was because EU member states raised concerns about first securing alternatives, including from the US, officials have explained. "First you have to have a deal because otherwise you will be left without gas from…
Published in
Latest News
Thursday, 30 January 2025
Privately owned German LNG terminal operator, Deutsche ReGas has claimed that the potentially lower prices offered by state-owned Deutsche Energy Terminal (DET) to attract buyers are a threat to its business. Germany's aim to increase its regasification capacity intensified as it sought to replace Russian pipeline gas, the country’s former…
Published in
Latest News
Thursday, 30 January 2025
Italy’s incentive programme for gas and LNG operators is out of step with market reality, as it champions investing in infrastructure projects that will be underutilised. New Institute for Energy Economics and Financial Analysis (IEEFA) research urged better alignment of government and regulatory support with market needs.
Published in
Latest News
