Pavilion Energy, the subsidiary of Singapore wealth fund Temasek, said its trading unit had signed an agreement with US major Chevron Corp. for the Asian city state to receive LNG shipments for six years with emissions measured along the value chain.
India posted a drop of more than 14 percent in liquefied natural gas imports last month amid higher prices and as the economy still lagged because of low industrial demand and the ongoing impacts of Covid-19.
Free ReadGaztransport & Technigaz, the French technology and engineering company for LNG storage, said demand continued on an upward trend led by Asia with orders to equip 41 LNG carriers, though GTT did not receive any orders in 2020 for LNG fuel tanks for shipping. GTT said annual net income from…
Worldwide liquefied natural gas export plants increased their overall liftings, apart from in the US where the markets were affected locally for natural gas and globally for oil by freezing weather causing power outages that hit US output, while North Asia spot LNG prices rose on firm demand.
Woodside Petroleum said its Singapore-based trading unit signed a a sale and purchase agreement (SPA) with Germany utility and energy company RWE Supply & Trading GmbH for the supply of LNG from Woodside’s global portfolio for a term of seven years starting in 2025.
TC Energy, the Canada-based North American pipeline company, said it was working with the Royal Dutch Shell-led LNG Canada project on establishing a revised project schedule for the Coastal GasLink as delays are inevitable along with higher costs due to scope expansion, permit delays and the impacts from Covid-19.
Free ReadUS LNG-equipment maker and industrial gases company Chart Industries reported increases in quarterly and annual net profits and logged a record number of new customers. Chart booked orders with 65 new customers in the final three months of 2020, resulting in record full-year 2020 new customers of 472, of which…
Santos Ltd., the operator of the Gladstone LNG plant in Queensland and Darwin LNG in the Northern Territory, said that its Barossa LNG feed-gas project offshore northwest Australia remained on-track for a final investment decision in the first half of 2021 and with key Japanese customer interest.
Australian LNG plant operator Woodside Petroleum posted an annual net loss of US$4.02 billion, including non-cash impairments, as the LNG price plunge in 2020 cost the company US$1.50Bln in revenues.
Energy Transfer LP, based in Dallas, Texas, has agreed to acquire Enable Midstream Partners in an all-shares transaction valued at around $7.2 billion, further enhancing Energy Transfer’s connectivity to the LNG export market along the US Gulf Coast.