Australian LNG and energy company Santos has been approached by Papua New Guinea’s state petroleum company to purchase for US$1.4 billion a 5 percent larger stake in the PNG LNG export project.
Free ReadThe Netherlands said production at the Groningen natural gas field would be lowered to the minimal amount needed to keep wells operational in the coming 12 months and the field is still scheduled to be shut down in 2024 even amid gas shortages, while floating LNG terminals have begun operating…
MAN Energy Solutions of Germany, the maritime propulsion company, and ASEA Brown Boveri (ABB), the Swiss-Swedish power technology group, have signed an accord to reduce the carbon footprint and fuel costs and improve operational flexibility for liquified natural gas carriers.
Indian liquefied natural gas imports have plunged by 19 percent amid a continued 2022 decline in the nation’s LNG deliveries because of a slowing economy, a tighter gas market and the falling value of the rupee against the dollar that makes shipments more expensive.
Equinor, the Norwegian LNG producer and largest supplier of pipeline natural gas to Europe, has signed a gas sales agreement with Poland for 10 years of supply through the new Baltic Pipe project.
QatarEnergy has selected French major TotalEnergies as the first international partner for the second part of its LNG expansion known as the North Field South (NFS) liquefaction venture.
Free ReadTellurian Inc., the developer of the Driftwood LNG export plant in Louisiana, saw its shares plunge 40 percent on the week as it cancelled two sales and purchase agreements with UK major Shell and global commodities firm Vitol and said it had formulated a new financing strategy. Shares in Tellurian…
North Asian LNG prices declined for a fourth week as cargoes were on the water through to the end of November and European LNG cargo values dropped while UK gas prices were just $7.70 per million British thermal units higher than a year ago.
Dynagas LNG Partners, the owner of six LNG carriers and mostly involved in Russian cargo liftings, posted a 22 percent increase in quarterly net income even as ownership issues arose because of the Ukraine war and the German Government prolonged control of Gazprom charters.
Free ReadTechnipFMC, the US oil and gas services company based in Houston, was awarded an engineering, procurement, construction and installation contract by UK major Shell plc for the Jackdaw gas development in the UK North Sea to help offset rising LNG imports. The company said the contract, whose value was not…