Chinese shipyards are benefiting from the surge in orders for newbuilds from the liquefied natural gas sector and more LNG berths are being made available, while oil and petroleum product tankers and containership orders are also increasing.
Free ReadEnagás, the Spanish gas grid and terminals operator, said the El Musel liquefied natural gas re-loading facility in Northwest Spain designated to supply the European Union has awarded the services contracts to utility Endesa after a tender process. Endesa is the largest Spanish electric utility while being a majority-owned subsidiary…
The importance of liquefied natural gas to Australia is in export revenues and the tens of thousands of jobs created nationwide and that revenue has grown over the years to surpass the income from thermal coal and gold exports combined to China and other nations.
Centrica plc, the UK owner of the British Gas utility business and a liquefied natural gas importer, has signed a long-term LNG supply agreement with US export plant developer Delfin Midstream Inc.
Free ReadThe Berkshire Hathaway Energy group of US investor Warren Buffett has acquired the 50 percent of the Cove Point LNG plant in Maryland it didn’t already own for $3.3 billion from US utility Dominion Energy. Dominion had a 50 percent non-controlling limited partner interest in Cove Point LNG and this…
Production companies seeking efficient and cost-effective methods of increasing their output are forecast to increase spending by almost 20 percent in 2023 to total $58 billion for additional oil and natural gas resources to satisfy global demand for energy such as LNG and pipeline gas and for necessary activities like…
Gunvor Group, the Swiss-based global commodities firm and liquefied natural gas trader, has expanded its shipping fleet by chartering four modern LNG carriers being constructed in China for Celsius Tankers.
First Gen Corp., the utility and energy group in the Philippines delivering the southeast Asian nation’s second floating LNG import terminal, concluded an international tender deal for an LNG commissioning cargo with Shell Eastern Trading.
Saudi Arabia and Kuwait have been pushing their claim in recent days to the offshore Durra natural gas field in the Arabian Gulf that is also being claimed by Iran and the Iranians have threatened to move in now and start drilling.
Free ReadThe German Parliament has voted to allow the development before the winter of a liquefied natural gas import facility in the port of Mukran on the island of Rügen and involving the “FSRU Transgas Power” vessel. “The Bundestag and Bundesrat both voted on July 7 to allow the construction of…