Centrica plc, the UK owner of the British Gas utility business and an LNG importer, said in a trading update that it continued to deliver a strong operational performance from its balanced portfolio.
Varo Energy Group, has acquired control of Dutch company Bio Energy Coevorden BV a leading European producer of biogas made from waste, and aims to double production as it forecasts a 10-fold rise in Bio-LNG demand in Europe by countries like new LNG importer Germany.
Free ReadChina National Offshore Oil Company (CNOOC), a leading LNG market participant among Chinese oil and gas majors, has outlined its 2023 strategy with higher spending plans, including the targeting of more natural gas, both offshore and in unconventional onshore developments. CNOOC said the offshore focus in China was on the…
Silverstream Technologies, the London-based leader in air lubrication technology, has signed a deal with China Merchants Energy Shipping (CMES) to install its system on four Chinese LNG newbuilds being constructed at the Dalian Shipbuilding Industry Company (DSIC) yard in northeast China.
Abu Dhabi National Oil Company (ADNOC) is proceeding with its plans to offer a minority stake in new subsidiary ADNOC Gas, which consolidates the emirate’s gas processing and LNG operations, through an initial public offering on the Abu Dhabi Securities Exchange in 2023.
US Government forecasts in its latest short-term outlook that the LNG export market in 2023 will stay “relatively flat” before expanding in 2024 and expects a decline in domestic natural gas consumption.
The European Union Agency for the Cooperation of Energy Regulators (ACER) said it planned to publish its own price assessment for LNG in Europe to replace the Dutch Title Transfer Facility (TTF) market price in a move seen as seizing control of prices and interfering with free markets.
Free ReadEquinor, the Norwegian state energy company and supplier of pipeline natural gas and LNG to Europe, has won 26 new production licences from Norway’s Ministry of Petroleum and Energy in the latest awards for predefined areas. The awards included 18 licences with Equinor as operator and eight others as a…
Europe will receive a steady stream of LNG cargoes from the US, Qatar and other nations such as Peru in the next two weeks, though there are no LNG shipments scheduled so far through the end of next week for the new importer Germany.
Sonatrach, the Algerian national energy company, plans to invest more than $30 billion in the exploration and production of hydrocarbons, notably natural gas, and to upgrade facilities to improve its position in global markets for LNG as well as pipeline gas for Europe.