Daily News

Daily News (16509)

Children categories

Chinese liquefied natural gas imports jumped in May to around 70 cargoes and pipeline gas imports dropped as the nation resumed LNG shipments from the US after a trade dispute and further re-opened its economy after the Covid-19 lockdowns.
Most major liquefied natural gas export projects around the world are using tried and test liquefaction processes developed by a handful of companies over the years, though new market entrants are coming forward with floating LNG and mid-scale solutions.
Free ReadUS engineering company KBR, a world leader in liquefaction plant construction projects, said it would exit most of its LNG on-site building ventures and other related projects because of the global reduction in energy investments. The Houston, Texas-based company will now refocus on its government contracts and technology businesses, according…
Excelerate Energy, the pioneer of more than a dozen LNG import projects worldwide, has taken delivery of its 10th floating storage and regasification unit, the “Excelerate Sequoia”, from the Daewoo Shipbuilding and Marine Engineering shipyard in South Korea.
Mitsui OSK Lines, with an operating fleet of almost 100 liquefied natural gas carriers, held its annual general meeting at the Shinagawa Intercity Hall in Tokyo on June 23, though few shareholders attended and social-distancing was in place as the company pledged to further develop LNG-powered vessels and bunkering.
Free ReadGasLog Ltd, the LNG carrier fleet owner with 36 ships split with its US affiliate GasLog Partners, has held a private share placement “par excellence” with the participation of Greek and Chinese shipping dynasties, including the Tung family of China, the Onassis Foundation and the Greek Livanos family. “I’m pleased…