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.
Petrofac, the London-based oil and gas services company, said it would be reimbursed by Abu Dhabi National Oil Company for all costs incurred after the cancellation of two contracts worth US$1.5 billion for the Dalma natural gas project.
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.
US energy major Chevron Corp. has signed an agreement to supply mining giant BHP’s Nickel West facilities in Western Australia with domestic natural gas from the Chevron-operated Wheatstone LNG export plant.
The US Freeport LNG plant at Quintana Island in Texas has delayed its final investment decision on building a fourth Train until 2021 because of the depressed energy markets and low prices and demand.
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.
About 130 cargo loadings have been cancelled at US LNG export plants since April 2020, including 40 liftings that would have been scheduled for July and the same number for August.
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…