POSCO International, the energy subsidiary of South Korean steel company POSCO, has held a ground-breaking ceremony for a planned new LNG terminal near the site of the existing Gwangyang facility in South Jeolla province.
Free ReadFrench energy major TotalEnergies is considering the 2023 restart date of the onshore liquefied natural gas project in Mozambique based on a visit by executives to the southeast African nation, which is already enjoying the economic benefits of the start-up of the Coral South floating export venture in the southern…
Exxon Mobil Corp., the leading global oil and gas company and LNG market operator, posted a record $56 billion net profit for 2022 and fourth-quarter earnings of $12.8Bln amid Russian expropriations while it is also being forced to sue the European Union over $1.3Bln of “unfavorable items” associated with additional…
The BP “Energy Outlook 2023” is forecasting an increase in LNG trading in the near term, with the outlook becoming more uncertain after 2030 while additional future LNG export volumes will be dominated by projects under construction or planned in the US and the Middle East.
Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland, said the project provided a 40 percent increase in revenues with Origin’s share amounting to A$876 million (US$620M) during the last quarter.
Free ReadThe South American nation of Colombia is making moves to import more liquefied national gas as the floating LNG terminal at the port of Cartagena has revealed expansion plans. The terminal is a joint venture between Colombia’s Promigas and Dutch global energy storage giant Royal Dutch Vopak and is called…
Turkey’s state-owned Petroleum Pipeline Corp. (BOTAS) has become the seventh company to sign a long-term supply agreement with Oman LNG in the Arabian Peninsula.
Gas Authority of India (GAIL), the LNG importer and natural gas pipeline grid and city-gas operator, reported a decline in net profits even as total revenues increased for the fiscal third quarter and the year to date.
JERA Co. Inc. of Japan, the largest corporate LNG buyer in the world, reported a loss in the fiscal third-quarter because of higher fuel procurement costs even as revenues more than doubled during the three months.
Free ReadMacquarie Capital, the investment banking arm of the Australian Macquarie bank group, said it would continue to work with Deutsche ReGas GmbH, the German owner of the floating LNG terminal at the Baltic port of Lubmin as the company plans to expand its operations. Deutsche ReGas had earlier proposed to…