Santos, the Australian LNG plant operator pursuing the takeover of Oil Search and its Papua New Guinea LNG assets, reported record quarterly sales revenue of US$1.07 billion and record first-half income of US$2.04Bln, up 12 percent and 22 percent respectively.
Indian liquefied natural gas imports last month dropped by more than 17 percent amid a 40 percent surge in cargo prices year-on-year, while domestic natural gas production more than offset the fall in imports.
Kinder Morgan Inc., the US pipeline and terminals company and whose earnings measure the wellbeing of the US and oil and gas industry and the growing LNG sector, posted a wider net loss in the second quarter versus the same period of 2020 because of South Texas natural gas issues.
Two market leaders in liquefied natural gas, French major TotalEnergies and LNG project engineer Technip Energies, have signed a cooperation agreement to jointly develop low-carbon solutions for liquefaction plants and offshore facilities.
Free ReadIntercontinental Exchange, the leading global provider of trading platforms and clearing, and US pricing agency Platts have launched simultaneous consultations with the market on the evolution of the Brent complex, which includes Dated Brent, Cash Brent and ICE Brent Crude Oil futures. ICE, which also operates other exchanges, including the…
Japan’s liquefied natural gas imports jumped for a second month and also rose for the first half of the year with higher volumes from the US and Russia, though shipments to Japanese terminals were well down on those to China.
Pakistan is preparing to fast-track work on the PakStream Gas Pipeline (PSGP) project that will be constructed by Russia to help deliver LNG imports received at Port Qasim near the south coast city of Karachi to the northern Pakistani province of Punjab.
Sonatrach, the Algerian oil and gas producer and exporter of LNG and pipeline gas to Europe, has reported progress on two natural gas projects in the country’s southwest Sahara desert region.
Free ReadTellurian Executive Chairman Charif Souki, whose Driftwood LNG export venture in Louisiana has sold a combined 6 million tonnes per annum of cargoes to global commodities firms Vitol and Gunvor, has disclosed details of the timing of financing arrangements and the start of full construction. Souki’s latest declarations set a…
Chinese liquefied natural gas imports surged just over 16 percent in the past month as natural gas demand for the nation’s economic growth showed no signs of slowing amid a gas infrastructure build-out.