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Naturgy, the Spain-based European utility with LNG volumes from the US and Russia and gas and power interests in Latin America, said it agreed to sell its stake in the Damietta LNG export plant in Egypt and to rescind its Egyptian gas contracts on departing from Unión Fenosa Gas (UFG)…
A leading Australian LNG plant operator while stressing that hydrocarbons account for 80 percent of primary energy, the same as 45 years ago, said it was still advancing its owns carbon capture and storage project, preparing to supply carbon-neutral LNG cargoes and examining the prospects for green hydrogen.
Free ReadGazprom, the largest supplier of pipeline natural gas to Western Europe and a main competitor to LNG, posted a nine-month net loss because of the weak Russian currency and as revenues and prices also tumbled in Western European. Gazprom’s total sales decreased by 139 trillion Russian roubles ($18.27 billion), or…
Golar LNG Partners, the owner of 10 vessels, said that growing underlying demand and limited new nameplate production additions through to 2023 will result in LNG prices that help the fuel’s competitiveness and support a more sustained increase in US-Asia trade and ton-mile demand for shipping.