Asian liquefied natural gas spot prices regained the initiative from European values with May gaining more than 16 percent as the Dutch Title Transfer Facility wholesale futures price dropped by the same amount with supply concerns helped by the arrival of Northern Hemisphere Spring weather.
Pavilion Energy, the Singapore natural gas and LNG company, has named Alan Heng as Group Chief Executive effective from April 2022 as the company continues to support Asian expansion in trading and bunkering activities.
Free ReadGaztransport and Technigaz (GTT), the French designer of maritime liquefied natural gas storage and fuel tanks, has received an order from the Chinese Jiangnan shipyard for tank designs for four very large LNG-powered containerships on order for the leading Asian shipping company, Pacific International Lines. Each vessel will be able…
Saipem, the Italian energy and LNG engineering company and an offshore specialist, has been awarded a contract by Aker BP for a drilling campaign offshore Norway as upstream activities are set to increase.
Höegh LNG Holdings, the leading floating storage and regasification unit (FSRU) operator with 10 modern vessels, said LNG continues to be a growth market and recent events in Ukraine had put energy on top of the agenda in Europe with increased interest in FSRUs.
The US Department of Energy published its latest liquefied natural gas monthly export data showing prices for the plants and with the United Kingdom, Spain, France and Turkey leading the monthly destinations, while the UK has overtaken US neighbour Mexico in the overall standings.
Free ReadThe US Department of Energy has issued two long-term orders authorizing more liquefied natural gas shipments from the existing liquefaction and export facilities owned by Cheniere Energy at Sabine Pass in Louisiana and Corpus Christi in Texas. The two DoE orders allow Sabine Pass and Corpus Christi more feed gas…
Uniper, the German utility and European liquefied natural gas capacity holder and cargo trader, said it had arranged increased capacity rights at the Dutch Gate LNG import terminal in Rotterdam.
New Fortress Energy Inc., the New York-based LNG-for-power project company, has signed two 20-year sale and purchase agreements with US company Venture Global, owner of the existing Calcasieu Pass LNG plant and developer of three other liquefaction and export projects in Louisiana.
Equinor confirmed that the Hammerfest LNG plant was resuming production in mid-May and would be part of the Norwegian company’s new planned natural gas production surge for Europe.