Free ReadThe France-based International Group of Liquefied Natural Gas Importers (GIIGNL) has issued its annual report with landmark statistics, including more than 10,000 cargoes delivered without incident and the global LNG carrier fleet passing the 600-vessel mark. “LNG flows experienced a shift in patterns,” said GIIGNL President Jean-Marie Dauger in his…
Free ReadLiquefied natural gas prices linked to the price of crude oil under long-term supply contracts have been on a theoretic roller-coaster over the past four years, though levels reached now signal a new phase as factors outside the LNG market have again influenced prices. A large portion of contracts are…
UK major BP has issued a “force majeure” notice to a subsidiary of Golar LNG relating to the delivery of a floating LNG production hull, the “Gimi”, for a start-up date in 2022 for the Greater Tortue Ahmeyim project offshore Mauritania and Senegal.
Inpex Corp., the operator of the Ichthys LNG export plant in Australia and developer of the Abadi project in Indonesia, has pledged to help provide security of domestic natural gas and oil supply in Japan after the country’s declaration of a state of emergency over the coronavirus.
The United States expects liquefied natural gas exports to average 6.6 billion cubic feet per day in the second quarter of 2020 before declining in the third quarter.
Free ReadExxonMobil confirmed it was delaying a final investment decision for the Rovuma liquefied natural gas project in Mozambique, probably into 2021 at the earliest, but US Gulf Coast spending plans remain on track. The FID had been expected for later in 2020, though the US major said it was continuing…
French energy major Total said it signed a pioneering agreement to charter its first two Very Large Crude Carrier-type oil tankers equipped with liquefied natural gas propulsion.
Oil prices increased more than 3 percent on expectations the leading crude-producing nations would agree to cut output as the coronavirus continues to depress demand while natural gas and LNG prices remained flat, weighed down by excess supplies.
Gaztransport and Technigaz (GTT), the Paris-based technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, has hired French high-flier Eric Dehouck for the newly-created post of Deputy Chief Executive.
Free ReadPembina Pipeline Corp. of Canada, the owner of the only approved LNG export project on the West Coast of the United States at Coos Bay in Oregon, has boosted its finances with an $800 million unsecured revolving credit facility. With the addition of the credit note, Pembina now has $3.3…