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Fitch Ratings, the New York-based credit ratings agency and financial services company, has just published a report analysing the European Union’s efforts to mitigate the worst effects on gas markets of a cut-off of Russian imports and for their replacement with LNG and other types of energy.
Free ReadJapanese trading houses and energy companies Mitsui & Co. and Mitsubishi Corp. have formally joined the new operating company for the Sakhalin II LNG export plant in the Russian Far East. A Russian statement said Mitsui and Mitsubishi have taken stakes of 12.5 percent and 10 percent respectively in the…
US natural gas storage design capacity was down in 2021, primarily driven by reductions in the Pacific region of almost 12 percent as energy market changes including LNG exports signalled a greater need for capacity, especially flexible, high-deliverability storage.
China Petroleum & Chemical Corp., known as Sinopec, and an importer of liquefied natural gas cargoes from Queensland in Australia and from the US and Qatar, reported a more than 5 percent first-half increase in domestic natural gas output to partially offset its LNG needs.
An LNG carrier, the 162,000 cubic metres “Adam LNG”, was hit by a bulk carrier while at anchor off Gibraltar’s Europa Point, and there were no injuries to either crew, though the cargo ship suffered the most damage and had to be beached off Catalan Bay, a main tourist area…