Threats to the security of natural gas supply of the European Union, mainly linked to its dependence for energy from third countries and its own neglect of existing natural gas resources at the expense of an over-simplified climate-change agenda, are being tackled with new rules for storage and joint LNG…
Italian energy company Eni has upgraded the resources by more than three times in the Ndungu field offshore the LNG-producing nation of Angola and said the move showed how improved technology can alter the profile and economic viability of a discovery.
US LNG plant developer Tellurian issued a limited notice to proceed to Bechtel under its engineering, procurement and construction contract to begin building phase one of the Driftwood LNG export facility near Lake Charles, Louisiana.
Fluxys of Belgium, the gas grid and LNG terminal owner, and investment firm EIG Global Energy Partners have acquired the Quintero LNG import terminal in the South American nation of Chile.
China Petroleum and Chemical Corp. (Sinopec), one of the world’s top six oil and gas companies and a significant liquefied natural gas importer to back up its refining activities, more than doubled annual net profits as prices soared and it continued to seal LNG supply deals.
Free ReadQatarEnergy, the largest corporate producer of liquefied natural gas, said it became an official partner of the Federation of International Football Associations (FIFA) for the month-long World Cup football event being held in Qatar at end of 2022. The World Cup will start in the Arab Gulf nation on November…
One of the oldest registered companies in Thailand is making progress on developing its liquefied natural gas business with more imports while expanding its power business domestically and in Southeast Asia and elsewhere as earnings were hit by the rising natural gas price.
The European Union and Japan said after meetings in Brussels that they were committed to work closely to address the current challenges in energy markets worldwide, including LNG and pipeline natural gas supplies.
Asian liquefied natural gas spot prices and European LNG cargo values remained at high levels as the European Union moved towards more regulation of natural gas and power markets and amid the likely failure of US and EU attempts to fully replace Russian pipeline gas supplies from other sources.
Free ReadThe Intercontinental Exchange’s second expiry date for the new Permian Basin Midland WTI American Gulf Coast Futures showed that the use of the instruments in the heart of LNG export and pipeline natural gas territory has grown quickly. The ICE Midland WTI American Gulf Coast futures (HOU) went to its…