LNG

China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refineries and with growing LNG volumes to match its contracted Australian supplies, reported a tumble in net profits of almost 46 percent in the year to date because of the double challenges in the energy market.

Naturgy Group, the Spanish-based global utility and LNG market participant, saw nine-month earnings drop but still turned a profit and its earnings report gives an insight into the natural gas and power sectors from Spain to South America during the Covid-19 era.

Free ReadGaztransport and Technigaz, the French designer of liquefied natural gas maritime and onshore storage systems, has received a second order from the Zvezda Shipyard in the Russian Far East for the tank designs of 10 ARC7 ice-breaking LNG carriers. GTT said each vessel would offer a capacity of 172,600 cubic…

Naturgy, the Spanish utility and buyer of both Russian and US liquefied natural gas volumes, has agreed to extend its long-term LNG supply contract with the Puerto Rico Electric Power Authority.