China Petroleum and Chemical Corp. (Sinopec), one of the world’s top 10 oil and gas companies and a significant liquefied natural gas importer to back up its refining and petrochemical activities, reported a 21 percent increase in annual revenues but net profits dropped by almost the same amount on weak…
European natural gas prices and LNG values declined along with North Asian spot cargo prices as the Northern Hemisphere winter season fades away amid soft prices in the Atlantic and Pacific basins, high levels of supplies and lower spot shipping charter rates.
The Danish Energy Agency has offered the Nord Stream AG company the chance to participate in the salvage of an observed object near the sabotaged pipelines under the Baltic Sea that were put out of operation by unexplained explosions in September 2022 and led to the Germans adopting LNG as…
Free ReadGaztransport and Technigaz (GTT), the French LNG storage technology company for shipping and onshore, said it was chosen by two major European LNG ship-owners to equip a total of three vessels with its predictive maintenance solution, the Sloshing Virtual Sensor. This unique digital technology is dedicated to the assessment of…
Novatek, the largest Russian LNG exporter from the Yamal plant in northern Siberia and the developer of the Arctic LNG II project on the Gydan Peninsula, has announced impending changes in its Global Depositary Receipts (GDR) program as The Bank of New York Mellon is withdrawing as the currently appointed…
Energean plc, the London-listed natural gas focused company with growing East Mediterranean assets offshore Israel, Egypt, Greece and Italy reported a more than 48 percent increase in revenues and swung to a net profit in 2022.
The world’s largest energy traders and liquefied natural gas portfolio holders, Trafigura, Vitol and Gunvor said their record year for revenues and profits in 2022 was unlikely to be repeated in the near future.
Free ReadHöegh LNG Holdings, the owner of 10 floating storage and regasification units and two conventional LNG carrier, has completed the acquisition of the LNG carrier “Golar Seal”. The company purchased the 2013-built “Golar Seal” from Cool Co., the LNG shipping joint venture led by Eastern Pacific Shipping. Höegh LNG paid…
The European Union is moving forward with its plan to seek pooled natural gas purchases under a programme called AggregateEU and set to be launched in June with the aim of reducing prices and increasing efficiency in fully replacing Russian pipeline gas supplies to Germany and the EU.
The proposed floating LNG terminal at the Italian Port of Piombino in northwest Italy has filled 86 percent of the regasification and cargo slots even amid a pending legal decision on whether the facility can start up as planned.