Free ReadLNG importer Croatia is receiving European Commission aid to help the Balkan state that was formerly part of the former Yugoslavia to provide transmission system operators (TSOs) with balancing services. The Commission approved, under EU State aid rules, a €19.8 million ($19.9M) Croatian aid measure in favour of energy storage…
German natural gas supplier Verbundnetz Gas AG (VNG), based in the eastern city of Leipzig, has become the second large Russian gas buyer to be approved for a Berlin Government bail-out to stay afloat after LNG buyer Uniper received government funds in return for a stake.
Australia LNG operator Santos with stakes in three Asia-Pacific liquefaction and export plants has issued a statement about speculation on the sale of shares in the company by ENN Group of China that had previously held a strategic stake and board representation.
Belgian shipping company Exmar reported improved first-half earnings in 2022 compared with the same period in 2021 as rates rose and the business was heading for the future benefits of a key charter deal signed for an LNG regasification barge in The Netherlands and the sale of a liquefaction barge.
The natural gas markets in Europe and Asia absorbed several negative geopolitical moves and influences and prices still dropped for a second week, while rising spot charter rates for LNG carriers and tighter supplies signalled a coming winter surge.
Free ReadSlovakia, the land-locked European Union member most dependent on Russian natural gas, has signed a liquefied natural gas supply deal with US major ExxonMobil Corp, and will receive the volumes via import facilities in Italy and Croatia. The LNG supply agreement has been signed with the main Slovakian energy company,…
US LNG engineering company Bechtel was awarded a front-end engineering and design contract to study a proposed unified system between the onshore gas processing plant of the West Delta Deep Marine gas fields in the Mediterranean offshore Egypt and the LNG export plant located at Idku east of the Egyptian…
South Korean steelmaker and LNG importer POSCO has been engaged in damage restoration work after a typhoon and was planning to re-start the Pohang steel complex as the gas-fired power plant using regasified LNG is returned to normal capacity.
Russian President Vladimir Putin and the head of Gazprom have held talks in Vladivostok with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene at the Russian-organized Eastern Economic Forum amid efforts by Russia to push forward with a natural gas pipeline to China across Mongolia, which is sandwiched in Central Asia between both…
The US Government expects higher-than-average Henry Hub natural gas prices as demand remained high and inventories low while shipments from the nation’s LNG export plants would increase by 17 percent in the fourth quarter of 2022 compared with the previous three months as Freeport LNG resumes operations in November and…