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McDermott International, the company involved in some of the world’s leading LNG construction projects, including several on the US Gulf Coast and the North Field Expansion in Qatar, said it had been formally notified by the New York Stock Exchange that it was not meeting price requirements for future listing.
The US Federal Energy Regulatory Commission has pushed back the decision deadline on a request from Marathon Petroleum Corp. to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal.
Osaka Gas Co. of Japan and Singapore-based AGP International Holdings have concluded a collaboration agreement on the development of natural gas infrastructure, including LNG facilities.
Crowley Maritime Corp. and subsidiary Jensen Maritime, the company’s Seattle-based naval architecture and marine engineering firm, have been honored with awards for the LNG-powered ships engaged in the US-Puerto Rico trade route.
Vitol, the global commodities company, has signed a 10-year deal with Nigerian LNG to buy 500,000 tonnes per annum as the Swiss-based trader expands its portfolio in the medium-term and spot cargo markets.
Woodside, the Western Australia LNG liquefaction and export plant operator with stakes in three companies, has again voluntarily revealed its corporate income tax payments as a “proud” Australian company.
Shares in Saudi Aramco, the oil company of Saudi Arabia, surged in their debut on the Saudi Tadawul stock exchange, reaching a 10 percent daily limit for the company that has expressed interests in LNG trading and investment.
Trafigura Group, the global commodities market participant, said the global LNG market continued to grow rapidly in size and complexity in 2019, driven by abundant new flows from the US and Russia, the development of a more liquid spot market in the Far East and sustained low natural gas prices.