Tokyo Gas, one of the leading Japanese LNG importer with a supply agreement at the Cove Point plant in Maryland, has now significantly boosted its shale-gas production plans in Texas by acquiring an additional stake in Houston, Texas-based Castleton Resources to own a majority of the company
US President Donald Trump said during a speech in Midland, Texas, that the Department of Energy is issuing a final policy statement that allows for liquefied natural gas exports to Non-Free Trade Agreement countries to be extended through the year 2050.
CME Group Inc., the global derivatives company for energy and other commodities to hedge physical LNG, natural gas, oil or gasoline trading reported a surge in first-half income but failed to repeat the record numbers for March and April 2020.
Free ReadSound Energy, the UK company with natural gas assets in Morocco and an LNG production proposal, has held a share placement and is considering another to raise more cash for operations. The company is planning to develop a micro-LNG plant for the TE-5 Horst gas well in its Tendrara Production…
Finnish state-owned company Gasum, the largest liquefied natural gas provider in the Nordic region, said it conducted its first truck-to-ship LNG bunkering operation in Germany.
Sycar, a US company based in Florida, said it was planning to develop a liquefied natural gas import terminal for the South American nation of Ecuador with construction of facilities scheduled to start in 2021 to support a floating LNG venture and eventually an onshore terminal.
Mexican state oil and gas company Petroleos Mexicanos (Pemex) narrowed losses to the equivalent of $2 billion in the second quarter as US pipeline natural gas and LNG imports helped keep power sources at peak capacity. The losses were an improvement on the huge 562 billion pesos ($25Bln) loss registered…
Free ReadThree European energy majors and prominent LNG market participants, Total, BP and Eni have confirmed a substantial East Mediterranean natural gas discovery in the North El Hammad block located 11 kilometres offshore Egypt. Total said that along with its partners, BP of the UK and Eni of Italy, the Bashrush…
Enagás, the Spanish natural gas network operator and LNG terminal owner, said its terminals unloaded 126 LNG cargoes in the first half of 2020, 12.5 percent more than in the same period of last year as gas demand in Spain begins to return to pre-Covid-19 levels.
The liquefied natural gas industry has been a leader for many years in developing new shipping technology and improving efficiency and safety. The sector includes many small companies with world-class technologies, including one in the UK whose system can guarantee fuel savings for LNG carriers of five percent or more.