LNG

Japanese liquefied natural gas imports were still in sharp decline with more competition coming from thermal coal and nuclear and as storage levels increased under government energy security policies ahead of the Northern Hemisphere winter season.

Finnish marine technology group Wärtsilä and Swedish tanker owner Furetank are co-developing and testing two technologies aimed at halving methane slip on board LNG fuelled ships. Running vessels on LNG/LBG brings many benefits, compared to conventional fuel oil, reducing emissions of CO2, NOx, SOx and harmful particles. But a downside…

Free ReadAustralian gas developer, Santos has signed a binding sale agreement to sell a 2.6% participating interest in PNG LNG to Kumul Petroleum Holdings (Kumul). The price was confirmed as $576 mill in cash and the assumption of around $160 mill of project finance debt. Both companies said that the completion…

The European Union (EU) is to import a record volume of LNG from Russia this year. This is despite the bloc’s intention to ban Russian fossil fuels by 2027.