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.
Anglo-Australian global commodities company BHP has awarded its first LNG supply agreement for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron ore between Western Australia and China from 2022.
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.
The Public Investment Fund of Saudi Arabia, the nation’s sovereign wealth fund, has increased its stake in utility company ACWA Power, whose joint venture partner in a major Saudi green-hydrogen project is US LNG-equipment supplier Air Products of the US.
The French containership line, CMA CGM, has taken delivery of its third Ultra Large LNG-powered containership, named the “CMA CGM Palais Royal”, from the Chinese Hudong-Zhonghua Shipbuilding group's Jiangnan shipyard in Shanghai.
China LNG, the Hong Kong-listed supply and small-scale logistics services company also involved in the leasing of vehicles and LNG tank trailers, narrowed its first-half net losses, though revenues fell sharply from a year ago.
Free ReadThailand’s Electricity Generating Public Company (Egco) has applied to the state regulator for a licence to import liquefied natural gas, making it the sixth company to be on the country's list for more LNG supplies. Egco submitted the application to the Thai Energy Regulatory Commission (ERC) for permission to import…
The Emerging Africa Infrastructure Fund (EAIF) said it had agreed a loan deal with a project company in West Africa, adding the last block in a financing arrangement for a floating LNG terminal at the port of Tema in Ghana, which has almost been completed.