Reliance Industries, one of India’s largest conglomerates, issued schedules in its fiscal third-quarter earnings for the next stage of its domestic natural gas developments offshore the East Coast of India to compete with LNG, and also took a hit of more than US$2 billion for its foray into the US…
Italian energy company Eni, one of the leading LNG market participants, has completed an acquisition enabling it to enter the utility market in the Iberian Peninsula of Spain and Portugal.
Free ReadBurckhardt Compression, the Swiss manufacturer of compressor systems and a service provider for LNG and other markets, has continued its global expansion by signing a final contract agreeing to acquire the 40 percent of Chinese company Shenyang Yuanda Compressor it didn’t already own. The contract to own all of Shenyang…
The Chinese liquefied natural gas market has been undergoing changes through market liberalization, offering more opportunities for international LNG portfolio holders such as BP of the UK, which has just entered China’s domestic wholesale gas supply market.
The Panama Canal Authority said there were fewer ongoing constraints for reserved shipping transits amid continued high demand from LNG carriers and other tankers during the peak Northern Hemisphere winter season, while the Canal was also set to serve as a hub for the shipment and storage of Covid-19 vaccines
India hit a landmark annual total in liquefied natural gas imports in 2020 as the economy continued to grow along with pipeline and terminal infrastructure, even amid the challenges of the Covid-19 pandemic and with several months of shipments under the 2019 level.
Free ReadSubsea 7 SA, the European contractor listed on the Norwegian stock exchange, said it was proud to support African oil and gas development after being awarded a lean-gas project contract in the LNG-producing nation of Angola. Subsea 7 said its “substantial” contract was awarded by Cabinda Gulf Oil Company (CABGOC),…
Russian natural gas giant Gazprom has set up a subsidiary to develop a pipeline across the land-locked Asian country of Mongolia as Russia’s second “Power of Siberia” supply line to China in competition to LNG and with capacity of one-third more than the existing pipeline.
Global liquefied natural gas plants lifted the pace of cargo loadings in the week even as previously very high winter season prices for physical North Asia spot cargoes moderated and the February futures contract expired.
Coaxis Energy Company of South Dakota has acquired the liquefied natural gas assets and interests of Kalm Energy, an LNG and compressed natural gas sales and service provider from Nebraska, as the fuel sector expands in North America.