The South Korean mid-sized shipyard K Shipbuilding Co., formerly known as STX Offshore and Shipbuilding, has signed a preliminary deal with Kongsberg of Norway to cooperate on technologies for smart ships as it re-organises and outlines plans to capture parts of the market from LNG vessels to containerships.
China Petroleum & Chemical Corp. (Sinopec) has agreed three liquefied natural gas deals with US project developer Venture Global totalling 5 million tonnes per annum, two for the Plaquemines project and one for the Calcasieu Pass plant, both in Louisiana.
Free ReadThe US Potential Gas Committee (PGC) has released its two-yearly report showing that the LNG exporting nation has record natural gas resources in the prime basins in terms of recoverable gas and reserves. The Atlantic Area has the largest reserves following by the Mid-Continent, the Rocky Mountains and the Gulf…
Japanese liquefied natural gas imports plunged almost 17 percent as the nation directly replaced gas-fired power with cheaper thermal coal as LNG prices surged worldwide.
Gazprom, the supplier of pipeline natural gas to customers from Western Europe to China as well as the Russian Federation and former Soviet states, said record gross earnings were forecast for 2021 and it was also increasing funds for managing risk in the volatile market.
Free ReadAfrican Energy Week 2021 is scheduled to take place in Cape Town from November 9-12 and will unite African Energy Ministers, oil and gas executives as well as national and international companies for four days of discussions and presentations. The four-day event is taking place at the V&A Waterfront in…
Japanese utility Tohoku Electric Power has signed a contract with BP of the UK for six cargoes of liquefied natural gas for early 2022 to avoid paying too high a price on the spot market and to help keep inventories at a high level this coming winter.
Chinese natural gas imports, including LNG and pipeline natural gas, maintained rapid growth in September with imports amounting to 10.62 million tonnes, a year-on-year increase of 22.7 percent.
While Western governments concoct future global energy policies and many of them based on uncosted and untested fuel technologies, a total of 770 million people worldwide still live without access to electricity, mostly in Africa and where untapped oil and gas resources are still substantial.
JERA Co. Inc. , the Japanese power giant and largest importer of LNG, has sold up its stakes in two companies that operate cogeneration and gas-fired power plants at two industrial estates in the suburbs of the Thai capital Bangkok as it reorganizes its portfolio.