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In a final study on new US LNG export facilities released yesterday by the US Department of Energy (DoE), five key considerations were outlined.  The study has now entered a 60 day public comment period. 
Wednesday, 18 December 2024
Free ReadFor the first time, an EU sanctions package against Russia has targeted Yamal LNG by including an Arc7 LNGC in the list of ships to be hit.  In the 15th round of sanctions revealed by the EU this week, the list included the LNGC ‘Christophe de Margerie’, the first of…
Singapore engineering company, Seatrium has announced that the contract signing period for the conversion of ‘Golar Gandria’, a Moss type LNGC into an FLNG for Golar Gandria, a subsidiary of Golar LNG, has lapsed.  The first two FLNGs delivered by Seatrium to Golar LNG were ‘Hilli Episeyo’ deployed in the…
Taiwan is one of the few markets in Asia where LNG demand is rising with a steady and substantial pace. Over 4.4 GW of new gas-fuelled power generation capacity is scheduled to start operations, underpinning LNG imports, while Taiwan’s law-making court is reviewing if the runtime of the final 951…
Energy companies operating in and around  Norway expect to invest a record NOK275 bill ($24.68 bill) in 2025, up from NOK263.7 bill this year, according to Offshore Norge, the industry association this week. This figure is more than was originally forecast, as the industry group had predicted that oil and…
Free ReadOman’s next LNG production project hinges on private investments from the world’s energy companies, the country’s Energy Minister said in an interview with Bloomberg.  The country’s economy relies heavily on oil and gas production and increasing exports would boost its finances, which were described as strained.  However, the government is…
Taiwan’s environment ministry has approved plans for a new LNG receiving terminal at Kaohsiung, despite criticism from local environmental groups. State-owned energy company, CPC Corp said that the project, also known as the seventh terminal, is expected to be completed in 2031.
Tuesday, 17 December 2024
ADNOC has signed a third sales and purchase agreement (SPA) for the Ruwais LNG project with Germany’s EnBW Energie Baden-Württemberg (EnBW), one of the largest operators of German energy infrastructure and across Europe.  This 15-year SPA to supply 0.6 mill tonnes per annum of LNG converts a previous heads of…
Monday, 16 December 2024
Last week, the average LNG price for January delivery into northeast Asia was $14.50 per MMBtu, down 50 cents from the week before, according to a report from S&P Global. February’s estimate was even lower at $13.50 per MMBtu, sources said.
Free ReadUK energy company, Ineos Energy has acquired the Gulf of Mexico business of CNOOC Energy Holdings, USA, the US subsidiary of the Chinese oil and gas giant.  This deal will increase INEOS’ worldwide production to over 90,000 boe per day. The Gulf of Mexico asset purchase mark the company’s third…