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Stonepeak, the New York-based investment firm specializing in energy infrastructure, has completed the acquisition of a 50 percent interest in the Key Access Pipeline System (KAPS), a Canadian natural gas liquids pipeline that will impact future feed-gas needs for LNG exports from Western Canada.
Uniper, the German utility almost brought down by the stoppage of pipeline natural gas supplies from Russia’s Gazprom and which is now importing LNG at Germany’s North Sea port of Wilhelmshaven, said it was considering the legal implications of the seizure of its assets in Russia.
Free ReadHoneywell, the US materials and technology group, has agreed to acquire Compressor Controls Corp., a provider of turbomachinery control hardware and services for the LNG, gas processing and refining sectors, for $670 million. Honeywell, based in Charlotte, North Carolina, said it was buying CCC from Indicor LLC, owned by private…
Japan as the world’s largest LNG importer has explored the risks for energy supplies of an deepening energy crisis over Taiwan. While few LNG carriers pass through the Taiwan Strait about 30 percent of Japan’s oil and gas traverses the South China Sea and could be cut off.
Royal Vopak of the Netherlands, the world’s leading independent tank storage company and a leading liquefied natural gas terminals shareholder, posted higher first-quarter net profits and revenues as it continued to develop European Union LNG infrastructure and expanded energy joint ventures in Canada and India.
Free ReadEuropean classification society DNV has classed two LNG-powered bulk carriers owned by Maran Dry Management (MDM), the dry bulk shipping arm of Greece’s Angelicoussis Group, and has seen both vessels through to successful bunkering operations. DNV said the Greek company took delivery of the two Newcastlemax bulk carriers from Shanghai…
The Republic of the Congo has formally launched two floating liquefied natural gas production projects that may make the West African nation an LNG exporter by as early as this year as African nations assume leadership of the FLNG sector to monetize their resources backed by Western oil majors.
Enagás, the Spanish natural gas grid and LNG terminals operator, said first-quarter net profits excluding one-time items dropped by 21 percent and revenues also fell even as LNG and pipeline gas delivers rose and 43 percent of the LNG stored in Europe during the quarter was in the tanks of…
Texas LNG, the liquefied natural gas export plant to be constructed by New York-based Glenfarne Group in the Port of Brownsville, has been issued with two additional mitigation measures by regulators and said it was still on track to make a final investment decision in 2023.