China is currently refocuses its policy setting in 2024 for “orderly growth in natural gas” and LNG procurement and delivery as India starts to simplify natural gas pipeline tariffs and is studying the building of strategic natural gas storage facilities around the country.
AGL Energy, the Australian power company whose plans for an LNG import terminal in the state of Victoria were thwarted by regulators and which fought off takeover interest from various quarters before having an environmental extremist take a big stake in the company, swung to a fiscal first-half net profit…
Free ReadFlex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to some of the largest market players, reported a halving of fourth-quarter net profits and forecast a challenging next two years for the sector with more ships in the global fleet. “We see a somewhat…
TotalEnergies reported declines in annual and quarterly net profits as commodity prices plummeted compared with the previous year while the French major sold over 44 million tonnes of liquefied natural gas and opened the Le Havre floating LNG regasification terminal in France while being further boosted by progress in other…
Australia’s largest liquefied natural gas companies Woodside Energy and Santos have ended their merger discussions after failing to agree terms for creating a A$88 billion (US$58Bln) LNG mega-company in the Southern Hemisphere.
Free ReadAtmos Energy Corp., the US natural gas distribution company serving more than 1,400 communities across eight mostly southern states, reported a rise in first-quarter profit as lower costs helped offset the impact of lower demand caused by milder weather. The Dallas-based company posted net income for the three months to…
The US Government forecasts that the average Henry Hub natural gas spot price would be low through March and LNG exports would decline in February, while record amounts of natural gas were consumed by the nation in January, driven by the gas-fired electric power sector.
UK major BP posted solid results as its LNG portfolio increased to 23 million tonnes per annum and fourth-quarter results reflected stronger natural gas marketing and trading activities as well as higher oil prices.
QatarEnergy has signed an agreement for the supply of 7.5 million tonnes per annum of LNG to Petronet of India on a delivered ex-ship (DES) basis for a period of 20 years.
Shanghai International Port Group (SIPG), the first Chinese port to launch LNG bunkering services two years ago, said it registered bonded LNG fuelling of 260,000 cubic metres in 2023, double the total of the previous year as the fuel market continued to expand.