Italian energy company Eni has agreed to sell a minority stake in two pipelines involved in transporting natural gas from Algeria to Italy for €385 million ($435M) to Italian LNG terminal and gas grid operator Snam.
China Gas Holdings, one of the leading non-state controlled companies in the Chinese city-gas and LNG sectors and state-backed Beijing Gas Group, have signed a strategic cooperation agreement to stabilise LNG flows to North China.
Free ReadIntercontinental Exchange, the leading global provider of market trading platforms, said a total of over one million futures contracts have traded on the ICE Futures Abu Dhabi (IFAD) exchange since to was launched at the end of March 2021. ICE said the trading volume was equivalent of one billion barrels…
Asian spot liquefied natural gas prices eased on the week with only March 2022 rising to underpin current value levels, while European benchmarks were slightly lower and cargo liftings from Atlantic and Pacific Basin plants continued to be at a balanced level.
Australia, the world’s largest LNG exporter, plans to secure natural gas resources out to 2040 and beyond under a new energy plan to open up four new onshore Basins for the domestic market and to boost investment in new pipelines and infrastructure.
Free ReadJERA Co. Inc., the largest Japanese LNG buyer and power assets holder, has stated it would not be renewing long-term supply contracts for volumes from projects at Ras Laffan in Qatar amounting to 5.5 million tonnes per annum. The contracts with Qatar are expiring at the end of the year.…
Hong Kong Electric, the former British colony’s main power company, said the first LNG import project in the territory now administered by China, including the world’s largest floating storage and regasification unit, will start operations in mid-2022.
China National Petroleum Corp. (CNPC), the dominant Chinese LNG and pipeline natural gas project company, said that along with other Chinese energy majors it was making preparations for freezing temperatures forecast to hit northern Chinese provinces, including the capital Beijing, in the weeks ahead.
Free ReadTwo liquefied natural gas LNG carriers, the “Boris Davydov” and the “Rudolf Samoilovich” after safely completing the final leg of their East-West voyages on the Northern Sea Route which has become ice-bound earlier in the 2021-2022 winter season. “Two LNG carriers Boris Davydov (in the Laptev Sea) and Rudolf Samoilovich…
Cheniere Energy of the US has signed its second LNG supply agreement with a leading Chinese company in November 2021 with a binding 20-year deal with Foran Energy Group, a leading city-gas provider in the southern Guangdong province.