Free ReadThe Republic of the Congo and Italian energy major and liquefied natural gas projectdeveloper Eni have witnessed the sail away from Dubai in the United Arab Emirates of two vessels that will comprise the African nation’s first floating LNG production venture. The two vessels left Dubai at a ceremony attended…
Contrary to what is suggested in the political discussions, it is hardly the price of gas that increases the price of electricity, themain driver now in the European Union and particularly in Germany is the carbon-dioxide (CO2) price that gas-fired and coal-fired power plants have to pay for their emissions.
European and Asian wholesale natural gas and LNG prices edged higher on the week, propelled by security concerns and conflict in the East Mediterranean even as Northwest Europe’s weather was mild for the time of year and gas storage was still at record levels.
Free ReadLiquefied natural gas has been crucial in navigating through the gas market crisis, playing a key role in offsetting the shortages in Europe, with global LNG exports showing a first-half 2023 year-over-year increase of more than 4 percent despite volatilities due to facility maintenance and outages in the Northern Hemisphere…
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, reported lower third-quarter earnings and cash flow, though the new Chief Executive Kim Dang forecast a “bright’ future for the company.
UK major BP shipped the first cargo on behalf of the Tangguh LNG production-sharing contract partners in Indonesia as the third liquefaction Train entered commercial operations.
Japanese liquefied natural gas imports increased last month as thermal coal imports dropped and energy players in Japan signed more LNG supply contracts amid stricter energy security polices to confront geopolitical uncertainties.
The Netherlands has made a final investment decision on the Porthos carbon-dioxide transport and storage system, the first on the continental European Union and involving LNG terminal operator and utility Gasunie, Dutch state-owned gas company Energie Beheer Nederland (EBN) and the Port of Rotterdam Authority.
Free ReadChinese liquefied natural gas imports declined slightly last month with most cargoes coming from Australia and Qatar while pipeline gas imports edged higher with energy demand improving for the needs of power and industry. Deliveries of cargoes to China’s regasification terminals in September amounted to 5.69 million tonnes, or 84…
Shell signed two long-term LNG sale and purchase agreements for the supply of up to 3.5 million tonnes per annum of LNG from Qatar to the Netherlands while also completing the sale of its interests in the Masela block in Indonesia for an LNG project.