Zvezda Shipbuilding in the Russian Far East has started steel-cutting for its latest Arc7 ice-class LNG carrier to serve the increasing Arctic LNG production plans being developed by natural gas company Novatek.
Free ReadLeading European LNG and pipeline natural gas nation Norway plans to subsidize the electricity bills of Norwegian households to alleviate the impact from soaring power prices in new measures announced by Prime Minister Jonas Gahr Støre. The Government said the cost of the proposal, which is subject to approval by…
Shareholders in Royal Dutch Shell, one of the world’s largest liquefied natural gas traders as well as the owner of huge and valuable upstream and downstream oil and natural gas assets, have voted to overhaul the corporate structure, including moving the headquarters to the UK as well as dropping the…
Liquefied natural gas cargo liftings increased and spot LNG prices for North Asia jumped for February and March 2022 deliveries as European natural gas benchmarks also gained ground on prevailing supply concerns.
Cheniere Energy has requested more time from the Federal Energy Regulatory Commission to build and bring into commercial service the planned expansion project at the Corpus Christi LNG export plant on the Gulf Coast of Texas.
Chevron Shipping Company, which has a fleet of more than 30 tankers including 10 LNG carriers as the transportation arm of Chevron Corp., said it had joined the Sea Cargo Charter, a benchmark initiative for responsible shipping activities and transparent reporting as part of the International Maritime Organization’s efforts to…
Free ReadBurckhardt Compression, the Swiss LNG-equipment maker, is providing a comprehensive overhaul service for fleet owner Teekay LNG as part of a long-term service agreement between the two companies. Teekay LNG has interests in 47 LNG carriers, 23 mid-size liquefied petroleum gas carriers and seven multi-gas carriers. Part of Teekay’s LNG…
Woodside, the operator of two liquefied natural gas export plants in Western Australia, has signed an accord which could enable Woodside to supply LNG to the East Coast market through Viva Energy’s proposed regasification terminal at Geelong in the southern state of Victoria.
French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) and its South Korean shipyard partner Daewoo Shipbuilding and Marine Engineering received an order for the tank design of two new LNG carriers from Greek shipowner Maran Gas Maritime.
Global commodities firm Trafigura said in its fiscal 2021 report that revenues, earnings and liquefied natural gas volumes increased amid rising prices, partly because of stronger LNG demand from Asia due to low hydropower reserves this year in China and also lower coal production.