Intercontinental Exchange, the leading global provider of trading platforms and clearing, has posted record October activity in the main LNG and natural gas trading derivative, the Dutch Title Transfer Facility (TTF), the European benchmark.
New Fortress Energy Inc., the US company with LNG-to-power projects in South America, the Caribbean and Sri Lanka in Asia, said completion work was being carried out on a new Nicaraguan import facility while its Mexican terminal in the state of Baja California Sur was now fully operational.
Free ReadTellurian Inc., the developer of the Driftwood LNG export plant in Louisiana and set to supply commodities trading firms Gunvor and Vitol as well as Royal Dutch Shell, has reduced losses in the third quarter. The company posted losses of $15.9 million compared with a $29.5M loss during the prior-year…
Glenfarne, a New York-based fund specialising in energy infrastructure investment, is keeping the regulatory pot boiling on the Magnolia LNG export plant in Louisiana by filing a monthly activities report for through October 2021 after the completion deadline was extended to 2026.
Petróleo Brasileiro (Petrobras), the Brazilian oil and gas company, boosted domestic natural gas production in the third quarter backed by LNG imports as well as pipeline gas from Bolivia as a drought curtailed the South American nation’s hydro-electric output.
North Sea Midstream Partners, a leading UK owner of large-scale natural gas infrastructure based in Aberdeen and with assets in the North Sea, Norwegian waters and the Southern Gas Basin, has acquired the small-scale Risavika LNG liquefication plant in Norway.
Free ReadBurckhardt Compression, the Swiss-based LNG equipment-maker for LNG shipping and compressor equipment for other sectors, reported a rise in fiscal first-half operating income as sales gathered pace and earnings per share increased. Burckhardt reported “significantly higher’ order intake of 450.7 million Swiss francs ($493.5M), up 48.7 percent from 303M francs…
UK major BP reported a loss for the third quarter of $2.5 billion, explained as the accounting effects of liquefied natural gas risk management, compared with a $3.1Bln profit for the previous 2021 quarter and $450M of losses posted in the same three months of 2020.
The Panama Canal Authority said the Central American isthmus waterway registered a 31.4 percent increase in LNG vessel tonnage transits, representing the largest gain across all segments and LNG carriers also set new monthly tonnage and transit records.
Gazprom, the Russian pipeline natural gas giant competing with LNG in the European Union, produced 422.6 billion cubic metres of gas in the January-to-October 2021 period, an increase of 15.8 percent, or 57.7 Bcm on the same period of last year.