Liquefied natural gas and gas pipelines will be around for decades to come as responsible governments adapt policies to maintaining economic progress while improving environmental protection and standing against extremist rhetoric and improbable doomsday forecasts.
Korea Gas Corp., the South Korean utility and owner of four LNG import terminals and worldwide volumes, said it signed an agreement to buy US LNG shipments from UK energy major BP.
Italian natural gas network company Societa Nazionale Metanodotti (SNAM) has agreed to acquire a controlling stake in the OLT Offshore LNG Toscana company which operates the floating regasification terminal off the West Coast of Italy.
Eagle LNG Partners said the US Federal Energy Regulatory Commission had granted authorization for the siting and construction of its second proposed small-scale LNG export facility at the Port of Jacksonville in Florida.
Kosmos Energy, a stakeholder in several floating liquefied natural gas projects offshore West Africa, said that the latest drilling in the offshore Yakaar-Teranga field encountered world-scale resources with the potential to support another LNG project.
Indian liquefied natural gas imports jumped for a fifth month of the current fiscal year as volumes received rose more than 10 percent with supplies coming from Atlantic Basin countries such as the US, Nigeria and Angola and traditional suppliers like Qatar.
Free ReadChart Industries, the maker of equipment for the liquefied natural gas and industrial gas industries, said it was awarded the contract to supply four LNG fuel tanks for the marine fuel-gas systems of two LNG-powered chemical tankers being built at the Wuhu Shipyard on the banks of the Yangtze River…
McDermott International, said it had received unsolicited approaches to sell all or part of its Lummus Technology business with a valuation exceeding $2.5 billion and analysts said this could be the starting point for a corporate overhaul.
Gaztransport and Technigaz (GGT), the Paris-based LNG maritime containment tank system designer, has received approval in principle for its Mark III Flex system from French classification society, Bureau Veritas, for LNG carriers operating in Arctic waters.
Singapore LNG spot forward cargo prices jumped by as much as 25 percent in the past week as demand improved in Asia and December quotes appeared for shipments for China and South Korea at US$6.650 per million British thermal units.