Liquefied natural gas prices dropped for Europe and Asia in the past week after a brief rebound with the margin of decline greater for the benchmark Dutch Title Transfer Facility as European Union gas storage withdrawal levels slowed while Asian buyers were attracted by lower prices.
Free ReadJGC Holdings Corp., the Japanese energy engineering company with current major liquefied natural gas project work in progress, reported a 30 percent jump in nine-month sales as the Yokohama-based company maintained a healthly backlog of contracts. JGC said nine-month sales came to 416.6 billion yen ($3.17 billion) compared with 319.4Bln…
South African President Cyril Ramaphosa has declared a national “state of disaster” over his country's power shortages and said the lack of energy security posed an existential threat to the economy and the social fabric of the country.
Inpex Corp. the leading Japanese energy company and operator of the Ichthys LNG plant in Australia and developer of the Abadi liquefaction project in Indonesia, reported a jump in earnings and operating activities.
AGL Energy, the largest Australian power company whose plans for an LNG import terminal in the state of Victoria were thwarted by regulators and which fought off takeover interest from various quarters, saw its shares tumble 10 percent after very disappointing results and doubts on strategy.
Free ReadQatarEnergy, the leading LNG exporter and developer of major new liquefaction projects, has celebrated the graduation of a new group of Qatari nationals who have successfully completed their academic studies and training programmes to join the workforces of QatarEnergy and other companies in the sector. QatarEnergy said there were 89…
The Prime Minister of Bangladesh, Sheikh Hasina Wazed, said the southwest Asian country needed urgent supplies of liquefied natural gas from the spot market even at high prices to help meet the growing demand for natural gas for power generation.
Norwegian energy major Equinor, the main supplier of pipeline natural gas to Europe and an LNG producer and exporter, reported soaring profits and record cash flow from becoming the primary gas supplier to its European neighbours after the cutting of Russian gas pipelines.
The US said liquefied natural gas exports will be lower over the next few months of 2023 because of high gas stocks in Europe and Freeport LNG being offline while record dry gas production growth has been outpacing demand.
Free ReadThe Sultanate of Oman on the Arabian Peninsula said it signed up a Chinese liquefied natural gas buyer as its eighth new customer from the renewed production concession at Oman LNG. Oman LNG has signed a binding term-sheet agreement with the China International and Chemical Company (Unipec) to supply 1…