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Natural gas wholesale futures prices in Europe broke records for a second day in a market of contrasts as sky-high prices for spot LNG carrier charters have finally crashed for both the East of Suez and West of Suez markets and by up to $70,000 per day.
Free ReadTotalEnergies Marine Fuels, the French major’s bunkering unit, has forecast that the liquefied natural gas market would expand over the next four years, reaching 10 million tonnes per annum of bunker volumes by 2025. The TotalEnergies bunkering subsidiary came to the conclusion in a 40-page report on the maritime fuel…
European natural gas futures have jumped to record highs over supply concerns as the new German Left-Green coalition is expected to put energy politics over energy security and is seen as ignoring the supply of adequate natural gas for the Germany-led European Union.
Australian LNG operator Santos was assigned and investment-grade credit rating from US agency Moody’s Investors Service after the final shareholder and court approvals for the US$6.25 billion merger of Papua New Guinea-based energy company Oil Search and Adelaide-based Santos to create a major Asia-Pacific energy player.
Inpex Corp., the Japanese operator of the Ichthys LNG export plant in northern Australia and a shareholder in a liquefaction project in Indonesia, said it had discovered multiple conventional oil, condensate and natural gas columns at onshore Block 4 in Abu Dhabi in the United Arab Emirates.
Free ReadThe chief executives of Italian energy company Eni and Algerian LNG, pipeline natural gas and oil group Sonatrach have signed an accord related to the North African nation’s onshore Berkine Basin. Sonatrach CEO Toufik Hakkar and his Eni counterpart Claudio Descalzi, signed the deal in the presence of the Algerian…
LNG as a maritime fuel is expanding as shipowners in the oil and gas industry and the containership and cruise sectors opt for new propulsion designs to help reduce pollution at sea and in ports and as bunkering facilities for re-fuelling increase worldwide.