The largest South Korean power and natural gas companies with liquefied natural gas commitments including imports and purchases have seen their current debts staying at high levels because of last year’s higher commodity prices and increasing interest rates.
Free ReadTotalEnergies has signed a liquefied natural gas sale and purchase agreement to supply Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery of up to 800,000 tonnes of LNG for a duration of 16 years, commencing in 2027. “The LNG will be sourced from…
The Philippines aims to increase liquefied natural gas import capability through a joint venture formed by three of the largest Filipino power companies to acquire one of the nation’s two operating LNG import facilities as the economy grows.
European and Asian liquefied natural gas prices rebounded from three-year lows as cooler weather and the return of government energy policy uncertainties offset high global storage levels and concerns over trade route insecurity.
New Fortress Energy, the US integrated LNG and power company that owns, operates or provides natural gas to 30 facilities in five countries has almost tripled net profits in the past year.
Free ReadExcelerate Energy Inc., the specialist US company for LNG floating storage and regasification projects from South America to the Nordic region and South Asia, increased annual and quarterly earnings because of new charters in Finland and Germany and increased gas sales. The Texas-based company reported net income of $126.8 million…
Technip Energies, the leading European energy and liquefied natural gas project engineers, reported solid profits and its backlog surged as it pledged to strengthen its leadership in 2024 in the low-carbon LNG sector.
Saipem, the Italian subsea company with contracts for LNG project, pipeline natural and oil worldwide reported a 19 percent jump in revenues as new contracts also built the backlog to more than $32Bln.
Free ReadAnglo American, the UK-listed global mining and commodties company, has taken delivery of the last of its 10-strong chartered fleet of Capesize-plus liquefied natural gas dual-fuelled bulk carriers. The vessel, the “Ubuntu Liberty”, made its maiden voyage from China to Saldanha Bay in South Africa to collect a cargo of…
Chart Industries Inc., the US equipment-maker for the liquefied natural gas and other clean energy and industrial gases markets, said global end-market demand continued to be strong in 2024.