Free ReadHöegh LNG Holdings, the owner of 10 floating storage and regasification units (FSRUs) and two conventional carriers, posted a quarterly loss because of operational issues and ships being out of contract ahead of being re-deployed. Höegh reported a net third-quarter loss of $45.9 million, which was wider than the $3.14M…
Japanese LNG imports have rebounded by almost 10 percent even as the year-on-year cost of the shipments have soared by more than 150 percent as deliveries increased from Australia, the spot market and Russia.
Indian LNG imports continued their 2022 decline though at a slower pace as costs in the year-on-year period jumped 65 percent and domestic natural gas output also began to lose some momentum as the nation’s consumption fell.
US LNG company Sempra Infrastructure, the owner of the Cameron export plant in Louisiana and developer of the Port Arthur project in Texas and other ventures in Mexico, has signed a cooperation accord with US pipelines group Williams Companies.
US export plant Freeport LNG in Texas plans to undertake a facility overhaul of work and safety methods as it prepared to return to full production ramp-up by March 2023 after the shut-down caused by the June 8 fire in 2022.
Free ReadFlex LNG, the Norwegian shipping company with a fleet of 13 modern vessels and several chartered to the largest US exporter Cheniere Energy, reported higher third-quarter revenues and profits as global demand soared for cargoes. “The gas crunch is not going away anytime soon and arbitrage between the US and…
Saipem, the Italian subsea and drilling company, has been awarded contracts in the LNG-producing nation of Angola for the Azule Energy joint venture and for wells in the Côte d'Ivoire where the West African nation is aiming to boost oil and gas production.
Energy security measures facing Japan and Asia are viewed as different from those of the European Union because LNG has more importance than pipeline natural gas for the Japanese and several other nations like South Korea and those in emerging Asia.
Singapore’s main LNG company Pavilion Energy and the biggest Chinese LNG importer, China National Offshore Oil Corp., have signed an accord for strategic cooperation on LNG bunkering from Northwest Europe to China’s coastal areas.
Germany has now nationalized a former subsidiary of Russian natural gas company Gazprom that had already been taken control of by the German authorities in April as part of sanctions and energy security measures after Russia’s invasion of Ukraine.