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European and Asian LNG prices increased again and with the Europe-Asia differential widening to $8.65 per million British thermal units, while crude oil also surged on the week on concerns about the impact on global energy supplies of the Ukraine war and much reduced Russian oil and gas volumes for…
Energy consumption will increase in the United States over the next 30 years across a variety of economic scenarios as population and economic growth outpace energy efficiency gains, though natural gas and LNG will retain their starring roles.
Free ReadEuropean maritime classification society DNV said that ship owners placed orders for 16 liquefied natural gas-powered vessels in February 2022, mostly for containerships and car carriers even as LNG bunkering fuel prices continued to increase. DNV said that compared with January 2022, orders dropped by 24 vessels but January included…
Free ReadTokyo Gas, a leading liquefied natural gas importer and city-gas and power supplier, said Japan’s newest regasification facility, the Niihama LNG import terminal on Shikoku Island, has started operations. The utility and four Japanese partners formed a joint venture to build and operate the Niihama LNG terminal with 1 million…
Japanese companies have begun moving towards imposing sanctions together with the US, the European Union members and other nations and targeting the sensitive areas for Japan of oil and liquefied natural gas imports after the invasion of Ukraine by its neighbour Russia.
US major ExxonMobil with LNG production stakes in nations like Qatar, Australia, Papua New Guinea and at Golden Pass in Texas has become the latest energy company to quit Russia over the Ukrainian invasion and is expected to take a hit on earnings of up to $4 billion by leaving…
A Greek-owned carrier departed the Calcasieu Pass LNG plant in Louisiana with the inaugural first cargo and headed for Japan as America’s seventh and newest large-scale export facility opened for business to meet growing demand for natural gas around the world.
Pembina Pipeline Corp., the Canadian pipelines company and joint owner of the Cedar floating liquefied natural gas project, has entered into definitive agreements valued at around US$9 billion with US investment giant Kohlberg Kravis Roberts (KKR) to combine their respective Western Canada natural gas processing assets into a single joint…