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Monday, 21 October 2024
China Gas Hongda Energy Trading (China Gas) and Vitol have signed into a long-term LNG swap arrangement. As part of the agreement, Vitol will purchase 500,000 tonnes of LNG from China Gas’ contracted US volumes on a free on board (FOB) basis and sell the same amount to China Gas…
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Monday, 21 October 2024
Papua New Guinea (PNG)-based Kumul Petroleum Holdings (KPHL) has signed a pre-front-end engineering & development (FEED) contract for an FLNG, earmarked for the Gulf of Papua. Kumul Managing Director, Wapu Sonk, revealed that this contract had been awarded to Shanghai Wison Offshore & Marine Co.
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Monday, 21 October 2024
India's Hindustan Petroleum Corp (HPCL) is seeking an LNG cargo to commission a new import terminal in December or January. The company was believed to be in discussions with eight or nine companies for long-term supply, three sources told Reuters.
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Monday, 21 October 2024
Qatar Gas Transport Co (Nakilat) has recorded a net profit of QAR1.28 bill, an increase of 7.2% compared to the same period in 2023. This showcased Nakilat’s ability to achieve sustained growth amidst dynamic global market conditions, the company said.
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Monday, 21 October 2024
Free ReadIf tensions between Iran and Israel escalate into a regional war scenario, it could severely impact regional oil and gas exports as well as global shipping routes. Attacks on key facilities could wipe out nearly 1.4 million bpd of Iranian production and a full-blown war would choke the Strait of…
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Friday, 18 October 2024
Yesterday, the UK has announced its largest package of sanctions to date against Russia’s ‘shadow fleet’. New sanctions were applied to18 Russian oil tankers and four LNGCs by the UK’s Foreign, Commonwealth & Development Office (FO).
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Friday, 18 October 2024
India's LNG imports rose by 21% in September to 2.27 bill cu m from the same period a year earlier. The increase was partly due to rising power demand during the festive season and industrial activity, which also rose following the end of the monsoon season.
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Friday, 18 October 2024
The LNGC, ‘Energos Princess’, began discharging at Rotterdam’s Gate terminal on 15th October, marking the first LNG import from Mexico to Europe, according to data from S&P Global Commodities at Sea. The vessel loaded about 59,000 tonnes of LNG at New Fortress Energy's (NFE) Altamira LNG project in Mexico. This cargo…
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Friday, 18 October 2024
Bickering between US Vice President Kamila Harris and former President Donald Trump in the run-up to the US election is not hampering the steady growth of the shale gas industry and LNG majors. Focus on profitability and shareholder returns – rather than production growth – means the industry is unlikely…
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Thursday, 17 October 2024
A partnership agreement has been signed between the Egyptian Natural Gas Holding Company (EGAS) and the Greek Copelouzos Group. This is aimed at establishing a Greek-based joint venture for trading, supplying, transporting and regasifying natural gas bound for Eastern Europe.
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