JERA Co. Inc., the largest Japanese utility and liquefied natural gas importer, has decided to acquire a 27 percent stake in Aboitiz Power Corp. for $1.58 billion to partner with the major utility in the Philippines as the Asian nation builds out LNG and gas-fired power projects.
US LNG equipment-maker and industrial gases company Air Products has signed a $12-billion project financing and assets agreement for a gasification and power venture for Jazan Economic City with partners Saudi Arabia Oil Company (Aramco) and Saudi firm ACWA Power.
Free ReadThe French port of Le Havre has entered the liquefied natural gas era by hosting the bunkering of the latest LNG-powered newbuilt polar explorer vessel, “Le Commandant Charcot”, owned by cruise liner operator La Compagnie du Ponant. The latest addition to the Ponant fleet will offer the farthest reaches of…
Indian liquefied natural gas imports declined amid a surge in cargo prices and the fall was offset by higher domestic natural gas production as the nation slowly recovered from the Covid-19 pandemic.
The Peru LNG export plant at Pampa Melchorita on the Pacific Coast has just re-started shipping cargoes in September after a two-and-a-half month shutdown for technical issues and now has been targeted by the Marxist Prime Minister Guido Bellido for possible nationalization.
Free ReadHöegh LNG Partners, the US affiliate of Höegh LNG Holdings now partnered with the infrastructure unit of US investment bank Morgan Stanley, has entered into an agreement with New Fortress Energy for the charter of a floating storage and regasification unit. Höegh LNG Partners said the “Höegh Gallant” has been…
Eni of Italy has achieved the start-up of the Cabaça North project offshore Angola as the southwest African nation has also just awarded nine onshore licences to 14 companies for blocks in the Congo River basin and a basin further to the south.
Global liquefied natural gas demand remained at high levels shown by a weekly rise in the North Asian spot cargo price of $3 per million British thermal units while resurgent oil was up just $2 per barrel and European benchmark values slipped back after a week of record rises.
Free ReadTrelleborg of Sweden, a maker of liquefied natural gas transfer and mooring equipment, has received certification from the Petroleum and Explosives Safety Organization of India as the Asian nation moves to develop more LNG terminals on the East and West Coasts with highest-grade safety standards. Trelleborg said its marine Quick…
Gasum, the state-owned Finnish company and the largest Nordic LNG supplier and developer, has opened a new natural gas filling station in Trondheim in Norway as it continues to build out the network linking towns, regions and nations with clean fuel outlets for vehicles.