HMLP generated operating income of $24.1 mill, net income of $2.6 mill and limited partners' interest in net loss of $1.2 mill for 2Q21 compared to $27.7 mill, $19.7 mill and a positive $16 mill for the second quarter of 2020, respectively.
This agreement is aimed at commercialising a solution for small-to-mid scale LNG production.
However, the slowdown is not thought to influence the current surging international LNG prices.
In all of its interests, contracted 2021 revenue is at least $1 bill in the first half of this year.
Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed. With pressure increasing on LNG players to cut emissions, significant steps are required to de-carbonise portfolios.
There are only 15 km left to complete the pipeline, which bypasses Ukraine, Russian President, Vladimir Putin said last week.
The company posted a net profit of posting a net profit after tax (NPAT) of $139 mill and the highest free cash flow since the 2018 Papua New Guinea (PNG) earthquake.
This project is aimed at boosting the country's LNG output by 64% by 2027.
However, exports should remain relatively robust, amid occasional dips, due to strong market fundamentals.
This natural gas is produced from oil wells and the share of associated gas, produced from Permian, Bakken, Eagle Ford, Niobrara, and Anadarko, fell for the first time since 2016 by 1.5% year-on-year and averaged 37.7% of natural gas production in the regions.
This is the first in a series of 14 vessels ordered by SMART LNG, a joint venture between Sovcomflot (SCF) and NOVATEK to ship gas from Arctic LNG 2.
This comes nearly two years after negotiations stopped, ExxonMobil confirmed to newswires today.
Delays with Argentina’s Plan Gas IV has resulted in production not being ramped up enough to enable the country to get through the winter. Instead, it will be forced to rely on importing LNG at record-high prices.
In a competitive tendering process organised by the Finnish government central purchasing body, Hansel Ltd, Gasum will supply LNG for two years, plus a two year option period.
In addition, the US Energy Information Administration’s (EIA) weekly storage report showed that utilities added 42 bill cubic feet into storage last week.
This engine is the latest addition to the company’s dual-fuel portfolio and was unveiled in March, this year.
This MoU involves the technical co-operation between the two companies in the application of GTT’s membrane technology.
Poten’s Kristen Holmquist explained that additional supplies entering the market to ease today’s high prices were not expected until 2023.
The LNGC ‘Amur River’ sailed from Prigorodnoye, the main port for Sakhalin-2 LNG, with the first cargo loaded after the the integrated gas system major turnaround campaign.
Revenues increased to $6.2 mill in 1H21, following the delivery of the company’s first two vessels, ’Avenir Advantage’ and ’Avenir Accolade’ in October, 2020 and March, 2021, respectively.
Net profit after tax (NPAT) was $317 mill, while the underlying NPAT was $354 mill, up 17% on the corresponding period in 2020.
The cargo was shipped from PETRONAS LNG’s Bintulu complex and was received earlier this week at Shikoku Electrics’ Sakaide LNG terminal on Shikoku Island, Japan.