“In the LNG carrier charter market, brokers noted that some owners soon became no longer interested in trying to cash in on what had been a prosperous spot market to instead focus on term discussions,” according to the latest London broker report on the past month’s events.
Japan has some way to go to improve LNG markets as well as interconnections and storage access after risks were taken on energy security in the 2020-2021 winter season as stock levels dropped and the effectiveness of the nation’s very fragmented pipeline network was exposed, having been developed separately rather…
A Spanish equity fund, which holds a 15 percent stake in Norwegian LNG fleet owner Höegh LNG Holdings, said it planned to vote against the takeover offer led by Morgan Stanley and Höegh family interests at a meeting scheduled for March 30 at Höegh’s registered office in Bermuda.
Sovcomflot, the Russian shipping line with 31 gas carriers in operation or on order and an overall fleet of 145 vessels, posted a more than 18 percent jump in annual net profits as revenues also increased.
Free ReadNorwegian company Høglund Gas Solutions has signed a contract to provide a turnkey retrofit with LNG fuel capability for a Base Marine Norway-owned ship, the bulk and general carrier “Hannah Kristina”, which has US oil services company Halliburton as the end-charterer. “The project aims to improve the vessel’s environmental footprint…
The US Department of Energy has just published its latest liquefied natural gas export data with price differentials for the five largest plants showing month-on-month price declines, while two European Union countries Spain and France were displaced by China and Turkey respectively in the overall totals list for shipments.
Gasum, the Finnish state-owned LNG distribution company and regasification and liquefaction infrastructure owner in the Nordic region, posted an annual net loss and lower revenues while expanding its operations.
Excelerate Energy, the experienced US floating liquefied natural gas import project company, has signed an accord with the European Balkans country of Albania to study the potential of LNG imports and backed by ExxonMobil Corp.
Free ReadCartagena, the LNG import terminal in southeast Spain, has hosted the Mediterranean's first LNG bunkering operation with emissions offsets for a Swedish LNG-powered tanker. Spanish energy company Repsol organised the fuelling of the Swedish-flagged “Fure Vinga” with 420 cubic metres of LNG. The Repsol operation was in cooperation with the…
Demand for liquefied natural gas shipments from liquefaction plants in the Atlantic and Pacific Basins remained at reasonable levels as cargo liftings edged higher and North Asia spot prices increased again along with European gas values.