Fluxys Belgium, the national gas grid company and operator of the Zeebrugge LNG import terminal, increased revenues and profits and said its infrastructure was used particularly intensively by customers to support security of supply in Germany and the Netherlands.
The World Bank said progress has been made in the past year in reducing gas flaring in the oil and gas business and points to benefits from associated gas being used for LNG production with a worldwide reduction in flaring of 5 billion cubic metres to 139 Bcm, the lowest…
MET Group, one of the fastest growing European energy companies active in international natural gas, LNG and power markets and based in Switzerland, has signed a €1.23 billion ($1.33Bln) syndicated multicurrency secured revolving borrowing facility that was oversubscribed.
Russian natural gas company Gazprom said it had halted supplies to China through the “Power of Siberia” pipeline running from Russia’s Far East into China’s northeast Heilongjiang province.
North Africa’s role in natural gas trade should not be underestimated with Algeria sending 83 percent of its pipeline natural gas and LNG exports to Italy and Spain and together with Egypt is the largest producer in Africa with 20 percent of Europe’s gas imports coming from the region.
Belgian shipping company Exmar reported improved annual results amid key floating liquefied natural gas charter and sales deals for its LNG barges that left the Antwerp-based operator free of net debts.
Free ReadFrench bank Société Générale has confirmed it was no longer an advisor to US energy company NextDecade Corp’s Rio Grande liquefied natural gas export project in Texas, which is nearing a final investment decision and has signed up a top list of global buyers from the US to China. As…
UK major BP and Abu Dhabi National Oil Company have made a joint offer to take control of NewMed Energy, the Israeli natural gas company with LNG export plans and a supplier of pipeline gas to Israel, Egypt and Jordan.
Excelerate Energy, the leading US provider of floating LNG import terminals with increased demand from Europe, reported soaring revenues linked to operations in Finland and South America and with an imminent project start in Germany.
Air Products, the world’s leading supplier of liquefaction processing equipment for LNG plants around the world, has also emerged as the main global producer of hydrogen with new contracts just awarded from the US National Aeronautics and Space Administration to match others from nations like oil producer Saudi Arabia.