Free ReadThe Canadian Woodfibre LNG project, a mid-scale venture being developed by the Asia-based company Pacific Oil and Gas Ltd, a subsidiary of Royal Golden Eagle (RGE) group, has signed a second supply agreement with UK major BP. The Woodfibre project said its latest Sales and Purchase Agreement (SPA) was with…
South Korea, the world’s third-largest liquefied natural gas importer, is expected to see domestic demand for natural gas increase by 15 percent through the next 12 years led by gas-fired power and industrial needs.
The Intercontinental Exchange has released its latest statistics showing a 46 percent year-on-year surge in the average daily volumes of trading in the Japan-Korea Marker (JKM) spot LNG price for North Asia, while the main European LNG product, the Dutch Title Transfer Facility (TTF), showed a 24 percent jump in…
French oil and gas major Total and the Government of Papua New Guinea have agreed to proceed again with the Papua LNG project with natural gas mainly from the Elk-Antelope resources, among the largest onshore gas fields in Asia.
Free ReadTellurian Inc., the US company planning the Driftwood LNG export project at Lake Charles in Louisiana, posted a first-quarter loss as it focused on debt reduction and said market fundamentals may favour the signing soon of supply agreements. The Houston, Texas-based company said it continued to build its integrated global…
Leading Australian gas and power supplier AGL Energy has confirmed it will cease any further development of the proposed Crib Point LNG import project in the southern state of Victoria as it also pursues a corporate overhaul by spinning off infrastructure assets.
Cheniere Energy Chief Executive Jack Fusco said global LNG demand was still very high and the North Hemisphere summer slowdown was being offset by South American nations seeking cargoes amid continued competition for shipments between Asia and Europe.
Puget LNG, the LNG terminal operator in the port of Tacoma in the US northwest state of Washington, and GAC Bunker Fuels have signed an accord to cooperate on the supply and sale of LNG marine fuel in the Pacific Northwest.
Free ReadEuropean classification society DNV has granted an initial approval to Norwegian company Passer Marine for the development of a new LNG fuel tank insulation system suitable for Type-B fuel tanks. The new Passer Marine concept is designed for prismatic Type-B LNG tanks, which according to International Maritime Organisation rules require…
Cheniere Energy, the largest US liquefied natural gas exporter with two liquefaction plants in Louisiana and Texas, posted a 14 percent rise in first-quarter revenues to more than $3 billion as it shipped 133 cargoes.