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Free ReadLiqvis GmbH, the liquefied natural gas fuel subsidiary of German utility Uniper, has opened its second LNG filling station near the city of Kassel on the A7 motorway and another seven are being constructed or planned. Trucking companies in Germany do not have to pay motorway tolls if they have…
Italian energy company Eni, a prominent LNG sector participant, took a hit of more than US$3 billion in the first quarter as it wrote down asset values and took one-time charges to cope with the double calamity of the pandemic and the oil price plunge.
US natural gas front-month futures declined because of forecast milder weather and as storage inventories built up, while European and Asian LNG price indicators continued to be pushed down by over-supply and lack of demand in the Atlantic and Pacific basins because of the global economic slump.
Free ReadChart Industries, the US supplier of equipment for the industrial gas, energy and liquefied natural gas sectors, also supplies medical oxygen for critical care and had to increase production by over 50 percent to meet continued demand for COVID-19 patients. This was in addition to lining up LNG fuel products…
Free ReadQatar Petroleum has entered into an agreement worth more than $3 billion to reserve LNG ship construction capacity in China to be used for construction of additional ships for the Gulf nation’s LNG expansion plans. The agreement was entered into between Qatar Petroleum and Hudong-Zhonghua Shipbuilding Group Co., a wholly…
Swiss company Burckhardt Compression, whose LNG offerings include the Laby brand of compressors and boil-off gas solutions, has completed the acquisition of a global compressor business from The Japan Steel Works Ltd (JSW), its second recent acquisition.