Flex LNG, the growing Norwegian-listed fleet owner backed by shipping magnate John Fredriksen, posted a first-quarter loss of $14.87 million as vessel operating revenues also fell.
Australian LNG operator Santos has completed the acquisition of the northern Australia and Timor-Leste assets of US major ConocoPhillips for a reduced purchase price of US$1.265 billion because of the oil price slump.
Free ReadThe oldest industrial conglomerate in Thailand, the B. Grimm Group, has become the third independent company to receive a liquefied natural gas import licence as the sector is liberalized. The B. Grimm Group said in a statement to the Stock Exchange of Thailand that it had been awarded a permit…
Winterthur Gas & Diesel, the Swiss-based specialist marine propulsion company, has received type-approval for the biggest and most powerful LNG-powered engines ever built.
Interstellar Technologies, a Japanese start-up company, has test fired an LNG-powered rocket at its site on Japan's northernmost main island of Hokkaido in a move that has captured public support for the commercial space race.
A disconnect between LNG investment decisions and firmly committed demand has now taken place against an emerging backdrop of oversupply and downward pressure on natural gas prices, according to the World Energy Investment 2020 report from the International Energy Agency.
Free ReadIndian liquefied natural gas imports dropped by almost 30 percent last month and the import bill was also half what it was in April 2019 as the Covid-19 pandemic resulted in a lockdown and affected trade activities. LNG import for the month of April amounted 1.44. million tonnes, or around…
Samskip, a Dutch shipping company based in Rotterdam and owner of two LNG-powered multi-modal vessels, and Gasum of Finland have signed an accord for the ships to be refuelled at the Gasum-owned small-scale liquefaction plant at Risavika in Norway.
Japanese shipping company Mitsui OSK Lines and a subsidiary of German utility Uniper signed a contract to build and charter an LNG floating storage and regasification unit for the planned import terminal at the German North Sea port of Wilhelmshaven.
A second liquefied natural gas carrier is heading for China after the early re-opening of the Northern Sea Route (NSR) from Arctic Russia to North Asia and could arrive as early as June 16.