European LNG and wholesale natural gas day-head andfutures prices declined over the past week as mid-Summer arrived and storage began to swing towards peak levels while cargo deliveries slowed to Chinese and European regasification terminals.
The Italian Adriatic LNG import terminal has launched the accreditation phase for a 2024 open season to offer long-term regasification capacity to natural gas market operators.
Free ReadThe Nigeria LNG plant at Bonny Island in the Niger Delta is set for more feed gas from development of the onshore Ubeta gas field first discovered 60 years ago in the West African nation with world-class oil and gas untapped reserves. Nigerian National Petroleum Corp., the state energy company,…
Equinor of Norway, the main supplier of pipeline natural gas to Europe and an LNG exporter, has been awarded two more licences for carbon-dioxide storage facilities on the Norwegian Continental Shelf.
Kuwait was seeking to import more liquefied natural gas cargoes as many areas in Arabian Gulf state have been hit by power cuts as soaring temperatures pushed the electricity grid to its limits during peak operations.
The shipping industry produces around 3 percent of global greenhouse-gas emissions and ExxonMobil has been looking at biofuels for ships in what is a hard-to-decarbonize sector and has already put biofuel in a Papua New Guinea project LNG carrier.
Free ReadPetróleo Brasileiro S.A, the Brazilian oil and gas major known as Petrobras, said a floating production, storage and offloading (FPSO) is being towed to Brazil from China and will arrive in the third quarter to boost natural gas and crude output in the Campos Basin. Petrobras said that the “FPSO…
Intercontinental Exchange, the leading global provider of trading platforms for the whole energy complex from crude oil to LNG cargoes and European and Asian natural gas futures and options, has reported record open interest in ICE Midland crude contracts on the US Gulf Coast, also the centre of the US…
Chiyoda Corp, the Japanese LNG engineering company working on the Golden Pass project in Texas that has been hit by the bankruptcy of the US Zachry construction group, is seeking an immediate return to building work along with the owners to get Train 1 back on track.
Japanese liquefied natural gas imports increased again in May even at higher prices while thermal coal deliveries dropped and nuclear plant re-starts plans continued to advance.