Turkey President Tayyip Erdogan has claimed a Black Sea natural gas discovery by state-owned Turkish Petroleum (TPAO) of an additional 135 billion cubic metres of gas at the offshore Amasra-1 field, opening the way for production to offset some of the nation’s LNG and pipeline natural gas import needs.
Free ReadEnagás, the Spanish gas grid and liquefied natural gas terminal network operator, and maritime fuels company Peninsula Petroleum Ltd, have signed a joint venture deal for the building and charter of an LNG bunkering vessel based at the Port of Algeciras to serve the Strait of Gibraltar shipping lanes. The…
Russian fleet owner Sovcomflot and Sakhalin Energy, operator of the LNG plant in the Russian Far East, signed long-term time-charter contracts for two existing LNG-powered tankers, which will be re-fuelled at the liquefaction and export plant.
Demand for liquefied natural gas cargoes increased around the world, underpinned by crude oil futures prices of $71 per barrel in a week that saw three global commodities firms sign long-term accords for Russian and US LNG cargoes and the prices of North Asian spot shipments rose along with European…
Intercontinental Exchange, the leading global provider of trading platforms and clearing, has posted record activity in two key LNG trading derivatives, the European benchmark Dutch Title Transfer Facility (TTF) and the Japan-Korea Marker for North Asian spot cargoes.
Free ReadTellurian Inc., the developer of the Driftwood LNG export project in Louisiana, has finalized a second LNG supply deal with international commodities company Vitol after previously signing another agreement in late May with Vitol’s market trading rival Gunvor. Tellurian’s LNG sales and purchase agreement (SPA) with Vitol is for 3…
The US LNG export project developer Venture Global is facing environmental challenges with multiple filings from environmental activists to the Federal Energy Regulatory Commission for the proposed project at Calcasieu Pass in Cameron Parish in Louisiana, known as the CP2 LNG project.
Algerian energy company and LNG exporter Sonatrach and Italian oil and gas company Eni have signed an amendment to the contract for the sale and purchase of natural gas delivered to Italy.
McDermott International, the Houston-based LNG and energy engineering company said it had completed work on the Reliance Industries-operated Satellite Cluster natural gas field in the Krishna Godavari Basin offshore the Indian East Coast to provide more supplies for the LNG importing nation.
Free ReadExcelerate Energy, the US pioneer of floating liquefied natural gas import terminals, said the FSRU “Exemplar” has returned to the Argentine port of Bahia Blanca to support the South American nation’s peak energy demand in the Southern Hemisphere winter. “The ‘Exemplar’ has begun operations in Bahia Blanca, a port city…