French major and leading European LNG sector participant TotalEnergies has signed an agreement to acquire 100 percent of US firm Talos Low Carbon and its carbon-capture and storage projects and has also bought some Texas shale-gas assets.
Inpex Corp., the Japanese operator of the Ichthys LNG plant in Australia and developer of the Abadi LNG project in Indonesia, has signed a natural gas and decarbonisation deal with Ashikaga City north of Tokyo known for its historic trees, flower beds and pristine water to supply gas from the…
Free ReadThe Egyptian Natural Gas Holding Co. (EGAS), the government-run energy company with stakes in Egypt’s two LNG export plants and other gas field assets, has established a subsidiary in Saudi Arabia to help attract more investment. Egypt's Ministry of Petroleum said that the Saudi unit had been set up by…
Venture Global LNG Inc., the US liquefied natural gas developer involved in a dispute with many customers regarding the non-delivery of post-commissioning cargoes from the Calcasieu Pass project in Louisiana, plans to acquire nine LNG carriers to expand its worldwide sales especially of spot shipments.
Petronas, the Malaysian state-owned energy company with oil and gas projects and onshore and offshore LNG production plants, reported quarterly net profits down by a third while expecting its cargo portfolio to increase after LNG Canada comes on stream and overall cargo sales and prices to improve.
Asian liquefied natural gas prices and European cargo values increased for a third week as the Northern Hemisphere winter gas season is set to close with high storage yet to be tested for a second year by adverse weather while crude oil hit a four-month high on negative supply forecasts.
TC Energy Corp., the North American pipeline operator already supplying two LNG projects with feed-gas near Kitimat in British Columbia via the Coastal GasLink, has linked up with another First Nation-backed LNG project near Prince Rupert in BC with a potential feed-gas pipeline sale deal.
Trafigura Group, a market leader in the global commodities industry including LNG, petroleum and other products has closed a new 365-day European multi-currency syndicated revolving credit facilities to be well positioned to manage potential bouts of volatility.
Free ReadAdriatic LNG, the import terminal offshore northeast Italy, reported a record year in terms of shipments and regasified volumes delivered into the Italian national grid. The operating company, Terminale GNL Adriatico, is a gravity-based terminal that came on line in 2009 and 70-percent owned by ExxonMobil Corp. The other minority…
SNAM, the Italian gas grid operator and liquefied natural gas import terminals owner, reported an almost 70 percent surge in net profits as it advanced with its latest floating LNG venture at Ravenna on Italy’s East Coast.