Free ReadTurkey, one of the largest LNG importers in the European region, has awarded a European-US consortium a significant contract for the subsea development of the nation’s largest-ever natural gas discovery, the Sakarya gas field in the Black Sea. State energy company, Türkiye Petrolleri Anonim Ortaklığı (TPAO), has chosen the consortium…
Arctic LNG II project developer Novatek hosted a forum for contractors and suppliers, attended by more than 160 companies, to keep the venture on track for a 2024 start-up and to expand cooperation at the Novatek LNG Construction Centre at Belokamenk in the Murmansk region of northern Russia.
Liquefied natural gas liftings from global plants will be lower in the coming week as prices for Asia jumped 5 percent and US LNG derivatives increased by more than 10 percent amid a rebound in already high European natural benchmarks after they attracted timely LNG cargoes for the UK from…
MISC Group, the Malaysian shipping company, has completed its first liquefied natural gas bunkering operation in US waters off Port Canaveral in Florida for one of the LNG-powered oil tankers owned by subsidiary AET.
Free ReadABB, the Swiss-Swedish power systems company, said its turbocharging unit had won a contract to equip parts of the new propulsion systems for six liquefied natural gas carrier newbuilds ordered by four companies. ABB Turbocharging will deliver its A200-L turbocharger brand for the engines of the vessels. The Zurich-based company…
Gunvor, the growing liquefied natural gas market participants and one of the world’s biggest independent energy traders, has reportedly cut derivative trading positions after the natural gas prices surge triggered margin calls from brokerages and exchanges.
Kosmos Energy, the US-based shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, has acquired bigger shareholdings in oil and gas fields offshore Ghana from Occidental Petroleum of the US for $550 million.
Golar LNG said it entered into swap arrangements to hedge part of its Dutch Title Transfer Facility (TTF) price exposure for the incremental 200,000 tonnes per annum from Train 3 production on the “FLNG Hilli Episeyo” from the first quarter of 2022 at a price of $28 per million British thermal…
Free ReadThe US government expects natural gas prices in the US and Europe to remain volatile through to 2022 with the Henry Hub averaging $5.80 per million British thermal units in the fourth quarter of 2021 as US LNG exports are set to increase through 2022 to meet soaring global demand…
China Petroleum and Chemical Corp., known as Sinopec, has been given the go-ahead by the state planning body to build another onshore LNG import terminal at Longkou in Shandong province at a cost of 8.3 billion Chinese yuan ($1.28Bln) and taking the size of nation’s network to 24 facilities.