Woodside Energy, the oil and gas producer and operator of Australia’s foundation North West Shelf liquefaction and LNG export plant in Western Australia as well as the more recent Pluto LNG facility, has welcomed progress on the NWS extension project.
Free ReadTellurian Inc., the developer of the Driftwood LNG export project in Louisiana, has awarded a contract to US oil and gas services company Baker Hughes for key equipment. Baker Hughes has been awarded a contract by Driftwood Pipeline LLC, a subsidiary of Tellurian, to provide electric-powered Integrated compressor line technology…
Norway, an exporter of LNG and pipeline natural gas as well as oil cargoes, is a frugal country when it comes to its own natural gas demand with annual needs of just 6.3 billion cubic metres.
China LNG Ltd, a company involved in the small-scale LNG supply sector in mainland China, reported a drop in revenues from operations as the global surge in prices affected the profitability and revenue flows of the business.
Free ReadShell Australia said liquefied natural gas cargo exports from the “Prelude” floating LNG production facility offshore northwest Australia will be halted at least until mid-July because of an industrial dispute with unions. The Shell-operated FLNG vessel is moored 400 kilometres (249 miles) north of the town of Broome on Western…
The “Annual BP Statistical Review of World Energy”, published for the past 71 years, reported that natural gas prices rebounded strongly across all three major gas regions, rising four-fold to record annual levels in Europe and tripling in the Asian LNG spot market.
China Gas Holdings, the nation’s largest distributor of city gas, LNG and gas fuel for vehicles and off-grid customers, saw profits drop because of the economic slowdown and Chinese Covid-19 restrictions even as it posted an increase in annual sales volumes and revenues.
Dynagas LNG Partners, the owner of six LNG carriers and mostly involved in Russian cargo liftings, has confirmed in its latest earnings report that three of its carrier charters are now controlled by the German government because they were under contract to Russian natural gas company Gazprom.
Free ReadThe African Export-Import Bank said it signed a project preparation facility financing accord with UTM Offshore Limited of Nigeria, the developer of a floating LNG export project. Executive Vice President Amr Kamel of Afreximbank, which is based in Cairo, signed the accord with UTM Chief Executive Julius Rone. “It marks…
Russia’s invasion of Ukraine has upended the fuel investment landscape and intensified a commodity price shock with record earnings likely to be invested in new projects worldwide, including LNG export and imports projects over the next 10 years.