UK energy major BP said the floating production, storage and offloading (FPSO) vessel for the floating LNG export project being developed jointly by West African nations Mauritania and Senegal has set sail from China for the project site.
Japanese insurance companies will raise premiums for liquefied natural gas carriers operating in Russian territorial waters by about 80 percent starting on January 25 after previously threatening to withdraw the cover from shipping lines.
Petronet LNG, the owner of the largest Indian import terminal at Dahej north of Mumbai, reported record revenues and profits amid declining cargo volumes in 2022 as energy prices jumped while domestic and industrial natural gas demand was variable.
Free ReadA leading Texas politician said he believed that the Biden Administration and the US Federal Energy Regulatory Commission had stalled the restart of the Freeport LNG export plant after the June 2022 fire to keep winter domestic natural gas prices low in Texas and the Gulf Coast. Brooks Landgraf, who…
European natural gas and LNG prices dropped by another 9.5 percent on the week as gas storage levels were high in Europe and energy demand in North Asia was seen gaining to underpin the Japan-Korea Marker price for spot cargoes.
Indian liquefied natural gas imports continued their decline in 2022 because of high prices and competition from the European market, while domestic natural gas output rose amid a fall in the nation’s gas consumption.
Kinder Morgan Inc. (KMI) the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, reported an increase in fourth-quarter net income and planned to expand its network to meet soaring LNG feed-gas demand.
Free ReadNextDecade Corp. the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a 15-year sale and purchase agreement (SPA) with Japanese trading house Itochu Corp., its first deal with Japan and its seventh SPA overall. Under the latest SPA, Itochu will purchase…
Japan has formally retaken from China its position as the World No. 1 LNG importer with more volumes coming from Australia, Russia and its Asian neighbours even as overall deliveries to Japanese terminals fell in 2022 and slumped in December.
Australian LNG operator Santos delivered a doubling of annual LNG sales revenues while advancing expansion plans in Australia and Papua New Guinea as prices rose with increasing demand even amid an Asia-Pacific economic slowdown.