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Japanese LNG imports rebounded in April to increase by more than 12 percent even as cargo import costs sky-rocketed 150 percent as more spot cargoes were bought and Australian and Asian nations delivered more shipments while Middle East and the US volumes pointed at Europe after Russia’s Ukraine invasion.
National Grid Plc, the UK electricity and natural gas grid operator and with a business on the US East Coast, has defended its decision to limit the amount of liquefied natural gas being shipped into the country from nations such as the US and Qatar to avoid overwhelming the gas…
Free ReadWoodside Petroleum said it could be time to revive the cancelled Browse LNG export project to use the vast natural gas reserves in the fields offshore Western Australia at a time of future global shortages as Europe breaks with Russia as a supplier. The Woodside comments were made by Chief…
Chart Industries Inc., the US maker of LNG and industrial gases equipment whose most recent orders were for major US LNG export plants on the Gulf Coast, has completed the acquisition of a Swedish company CSC Cryogenic Service Center AB to increase fuel and service offerings in the European Union.
The Norwegian Ministry of Petroleum and Energy has updated its estimate of projected European natural gas sales in 2022 to about 8 percent higher than last year and set to be bolstered by the restarting Hammerfest LNG export plant in Northern Norway and with the volumes helping to offset declining…
Free ReadMcDermott, the US energy and LNG project engineering company, has outlined part of the scope of the planned Fujairah LNG production facility being developed in the fifth-largest emirate by area of the seven United Arab Emirates. McDermott was awarded the contract by Abu Dhabi National Oil Co. (Adnoc) to provide…
Indian Oil Corp. (IOC), the country’s main oil refiner and importer and the owner of the nation's only East Coast LNG import terminal at Ennore, posted a 16 percent increase in net profits even as margins were tight in the petrochemicals industry and losses were made on partly subsidized fuels.
Free ReadTwo Balkan natural gas and utility companies, Albania's Albgaz and Bulgaria's Overgas, have signed an accord to cooperate on projects to diversify supplies in the region at an event attended by former US Secretary of State Mike Pompeo. Pompeo attended as the Chairman of US company Linden Energy’s Advisory Board.…