Free ReadHöegh LNG Holdings, the owner of 10 floating storage and regasification units (FSRUs) and two conventional carriers, has agreed to grant a purchase option to Lithuania to buy the FSRU “Independence”. The FSRU has been in operation at the port of Klaipeda since October 2014. It was expected to be…
Santos, the operator of two Australian LNG plants and the largest stakeholder in the Papua New Guinea export facility, has signed a new memorandum of understanding aimed at securing stable energy in various projects with the Japan Bank for International Cooperation.
Germany, the leading European Union economy with plans for about half-a-dozen LNG import projects to replace halted Russian pipeline gas, has seen spot natural gas prices drop by over 55 percent since a government energy package was unveiled and the nation’s gas storage levels jumped to be almost full.
Leading European Union LNG import terminal owner and grid operator, Enagás of Spain, has signed a firm agreement in Albania to help the Balkan nation’s natural gas company AlbGaz develop its markets and infrastructure.
Free ReadEuropean maritime classification society DNV said that there was still momentum in orders for LNG-powered vessels from ship owners in the month of September even at a time of very elevated LNG bunker prices in ports such as Rotterdam in the Netherlands. The DNV report said that at the end…
Pavilion Energy of Singapore and Japanese shipping company Mitsui OSK Lines held a ship-naming ceremony at Sembcorp Marine’s Tuas Boulevard shipyard for the 12,000 cubic metres capacity bunkering vessel “Brassavola”, the largest of its kind to be built in the Asian city state.
Maintaining natural gas storage at adequate levels and having a steady flow of LNG imports for the second half of the heating season will be crucial factors in ensuring European security of gas supply as the market could be sorely tested by freezing weather conditions at the turn of the…
The Australian government said the nation’s LNG export earnings are forecast to rise to A$90 billion (US$58.2Bln) in the current fiscal year from A$70Bln in the previous year as the fallout from Russia’s invasion of Ukraine continues to place upward pressure on LNG spot prices.
Free ReadNew Fortress Energy Inc., the expanding LNG terminals, production, shipping and power assets owner, has closed the sale of a power plant in northeast Brazil and said the proceeds would go to LNG projects. NFE said that along with its joint venture partner Ebrasil Energia the companies had concluded the…
Renergen, the emerging South African company with liquefied natural gas and liquefied helium production plans, is continuing its drilling programme after starting LNG production in September and output is expected to reach about 50 tonnes per day early in 2023.