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China Offshore Oil Engineering Co. has been awarded a contract to build a second LNG import terminal at Tangshan in northeast Hebei province and the cost of the project is estimated at 8 billion Chinese yuan ($1.1Bln) for the first and second phases.
Qatar Petroleum said the fabrication has been completed of the first two steel tubular structures required for offshore facilities as part of its North Field Expansion (NFE) project to increase Qatari output in a first stage to 110 million tonnes per annum of LNG from the current 77 MTPA.
Malaysian Prime Minister Mahathir Mohamad and his wife have attended the naming ceremony near the port of Busan in South Korea of the second liquefied natural gas production vessel being built for Malaysia’s state-backed energy company Petronas.
Golar LNG Chairman Olav Troim apologized to shareholders about the recent earnings disappointments and expressed confidence about strategy and the key role of natural gas in the energy mix for many years to come, leading to a rise in the two Golar shares listed on the Nasdaq global exchange, one…
Golar LNG, the owner and operator with its affiliates of a fleet of 27 vessels, has been experiencing setbacks in plans to spin off shipping operations and to become an infrastructure company in gas-fired power joint ventures.
Chinese liquefied natural gas imports dropped by around 12 percent in October compared with the same month a year ago because of factory holiday closures and a terminal outage, though were still ahead of last year’s total for the first 10 months of 2019.
Despite major gas discoveries offshore sub-Saharan Africa, a large number of countries still do not have direct or easy access to energy resources and so need to rely on imports via pipeline from neighbouring countries or on supplies from further away as LNG.
China Gas Holdings, the largest independent Chinese city-gas distributor and owner of 555 filling stations for gas-powered vehicles, posted a surge in fiscal first-half net profits and had over US$3.5 billion in revenues as Beijing’s “Blue Skies” anti-pollution policies helped increase natural gas use and LNG imports.
The Commonwealth LNG project in the US, a liquefaction and exports plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana, has widened its LNG cooperation agreement with global commodities firm Gunvor.