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Gasum, the Nordic natural gas company and LNG supplier based in Finland, said it had agreed to acquire two businesses from the German group, Linde AG, with one involved in the clean energy sector and another in LNG maritime fuel.
Chart Industries, the US maker of equipment for the liquefied natural gas and industrial gas sectors, has completed the commissioning of Europe’s largest LNG filling station to help meet rising demand by trucking companies for cleaner fuel to reduce emissions.
South Korea, the third-largest LNG importer, posted a 15 percent decline in liquefied natural gas shipments last month even at seasonally low prices, with Australia and Malaysia as the leading suppliers.
East African LNG and pipeline natural gas production are on an upward path in the future as resources in both Mozambique and Tanzania have been reserved by both governments for exports as well as enabling the development of domestic gas sectors.
MISC Group, the Malaysian company with more than 30 liquefied natural gas carriers in its fleet and with engineering and offshore divisions, is hoping to build on the momentum for growth in the shipping sector after sensing increased demand and securing two LNG carrier charters from ExxonMobil.
The International Energy Agency says the massive expansion of natural gas production is having wide-ranging effects on the global liquefied natural gas balance by underpinning major investments in new liquefaction capacity despite low gas prices in both Europe and Asia.
Uniper, the German utility and energy company with an LNG supply agreement with a Canadian project, expects its planned Wilhelmshaven floating import terminal on the North Sea Coast to be online slightly behind the rival Brunsbuettel facility proposed for the Elbe River near the port of Hamburg.
Abu Dhabi National Oil Co. (Adnoc) has signed two-year LNG supply agreements with BP of the UK and French major Total for the majority of its production through the first quarter of 2022 after scaling back its supplies to Japan.
Japanese spot liquefied natural gas cargoes delivered in October cost almost half the price of a year ago but cost 0.50 per million British thermal units more than in the previous month even amid an excess of supplies weighing down the market.