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China National Offshore Oil Corp., the holder of the nation’s largest capacity for LNG imports, plans to increase storage at its Binhai import terminal under construction in the eastern Jiangsu province and will reserve two tanks to help with the imported gas needs for a province in Central China.
Free ReadThe American Bureau of Shipping, the US classification society, said the first of an order of 12 very large ethane carriers (VLECs) with LNG notation and built to ABS Class has been delivered from the Goeje shipyard in South Korea of Samsung Heavy Industries. The “Seri Everest” was handed over…
Infraestructura Energética Nova (IEnova), the Mexican subsidiary of Sempra Energy, said a positive final investment decision was taken to proceed with the transformation of the existing Costa Azul LNG import terminal into the first Mexican LNG export plant.
Sovcomflot, the Russian shipping line with 31 gas carriers in operation or on order and an overall fleet of 145 vessels, is now listed on the Moscow stock exchange and more than doubled nine-month net profits as it looked ahead to future long-term Arctic LNG charter earnings.
The liquefied natural gas industry has a bright future and is critical to combating air pollution and the transition over time to a future of much lower greenhouse-gas emissions, though there are concerns over obtaining the levels of upstream investments needed to keep pace with increasing gas demand.
Free ReadThe US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants, while Pakistan joined India in the top five of monthly recipients and the Indians overtook the UK in the overall totals. US cargo prices…
Origin Energy, the utility shareholder in Australia-Pacific LNG in Queensland, and a company of billionaire Andrew Forrest developing the Port Kembla floating LNG terminal south of Sydney, have revealed separate plans for building export-scale green ammonia plants in the Australian island state of Tasmania.
The Trans-Adriatic Pipeline (TAP), an 878-kilometres transportation system bringing Caspian natural gas from Azerbaijan to Greece, Albania, via the Adriatic Sea and Italy and whose main shareholders are among Europe’s main LNG terminal and grid operators has begun commercial operations.