Free ReadSouth Korea said the nation’s oldest coal-powered electricity generating plant would be shut down for good on December 31 in line with the government's plan to shift towards cleaner energy. The Korean Ministry of Trade, Industry and Energy confirmed that the Honam Coal Power Plant located in Yeosu in South…
Australian company Venice Energy has received approval from the state government of South Australia to construct an import facility in Port Adelaide even as the nation is the World's No. 1 exporter.
Indian liquefied natural gas imports plunged over 20 percent for a second successive month as the costs of LNG shipments soared, though falling volumes were again offset by offshore domestic natural gas pipeline supplies on the East Coast.
Höegh LNG Partners, the owner and operator of five floating storage and regasification units, has completed the refinancing of two FSRUs contracted as floating import terminals in Indonesia and Turkey.
Liquefied natural gas cargo liftings increased and while front-month North Asia spot LNG cargo prices declined along with European benchmarks from records earlier in the week, the March and April spot values for China, Japan and South Korea jumped compared with last week, showing sustained demand further out.
Free ReadThe Australian energy safety authorities have ordered the closure of the “Prelude” floating liquefied natural gas production plant offshore northwest Australia after the latest incident in an electrical utility on board and reported on December 2. The Shell-operated FLNG vessel is moored 400 kilometres north of the town of Broome…
South Korea, the world’s third-largest liquefied natural gas importer, is still feeling the impact of increasing LNG prices and will continue a freeze on power prices into 2022.
Sempra Infrastructure, the US company controlling Sempra LNG and its Cameron export plant at Hackberry in Louisiana and related assets in Mexico, has sold a 10 percent stake to the Abu Dhabi wealth fund in the United Arab Emirates.
Shell, the global oil and gas major, said it was ready to consider future participation in a new liquefied natural gas project in Russia as the company sees growth potential in supplying more natural gas to satisfy increasing demand in Asia.
Free ReadAvenir LNG, the Norwegian-listed LNG operator and vessel owner, will charter one of its small-scale LNG carriers to Shell after it is delivered from a Chinese shipyard next year. Avenir said it had entered into a Time Charter Party (TCP) with Shell North America LLC for the “Avenir Achievement”, a…