While South Africa is undergoing an energy and power crisis a liquefied natural gas and helium project in the Free State is expected to progress at a faster pace after receiving loan approvals of $750 million, including from the US International Development Finance Corporation.
Technip Energies, the European LNG and energy project engineering company, said its French unit had agreed to resolve outstanding matters with the French Parquet National Financier (PNF), the judicial force charged with tracking down the financial crimes of French companies.
TechnipFMC, the US oil and gas services company based in Houston, has been awarded a significant contract in Angola by Azule Energy, the joint venture set up by European majors BP and Eni in the Southwest African nation to oversee 16 licences as well as participating in Angola LNG operations.
Free ReadThree leading liquefied natural gas market participants, Petronas of Malaysia, Mitsui & Co and Japan and French TotalEnergies have signed an agreement to develop a carbon-capture and storage (CCS) project in Southeast Asia as the region tries to keep pace with Europe, the US and Australian on such ventures. The…
Cheniere Energy, the owner of the Sabine Pass liquefaction and export plant in Louisiana and the Corpus Christi facility in Texas, has signed its third long-term liquefied natural gas sale and purchase agreement in a month with that latest signatory being the Singapore-based trading arm of China’s ENN Natural Gas…
Global natural gas and LNG prices were largely unaffected by Russia’s political and military unrest over the weekend as Russian oil and natural gas values have already been largely discounted by sanctions and the shutdown of the Nord Stream gas pipelines to Europe.
Italian energy company Eni has explained the strategy behind its agreed acquisition for $4.9 billion of UK-based Neptune Energy, which is controlled by equity funds and owns key global LNG stakes and gas field assets in Algeria, Indonesia, Norway, the UK, the Netherlands and Australia.
Free ReadTotalEnergies, the French major and a leading global LNG project developer and investor, has awarded engineering, procurement and construction contracts to five companies for the $11 billion Amiral complex project, a world-scale petrochemicals facility expansion at the Satorp refinery in Saudi Arabia as part of a joint venture with Saudi…
A huge floating LNG storage unit, the “Saam FSU”, arrived in Russian waters off Murmansk on June 25 as LNG developer Novatek re-organizes its trading logistics for the Yamal export plant and the new Arctic LNG II project as the Yamal facility also started a shutdown and maintenance programme.
Liquefied natural gas and wholesale pipeline gas prices and futures eased this week to be just above recent seasonal levels pre-2022 for the North Asian spot cargo market and European gas benchmarks as shipping spot charter rates surged and European Union gas storage levels continued their record build.