Japanese company Toyo Engineering said it was awarded a contract to construct a liquefied natural gas import terminal near Kodinar, north of Mumbai, and set to be the seventh regasification facility on the West Coast.
Free ReadPieridae Energy, the developer of the Goldboro LNG project in the Canadian Atlantic province of Nova Scotia, said it had negotiated extensions of the key deadlines under its 20-year supply agreement with German utility Uniper. These include expected commercial deliveries of shipments to Uniper to start between November 30, 2024…
Singapore LNG spot cargo prices fell, led by a decline in North Asia of around 3 percent on the week and in the Middle East and India as traders looked to September and beyond for higher values.
Sea-LNG, a global coalition of energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel, has put the economics case for newbuild Pure Car and Truck Carriers (PCTC) on Pacific and Atlantic trade lanes to be powered by LNG.
Free ReadIntercontinental Exchange Inc. a leading operator of global exchanges and clearing houses, and US energy pricing company S&P Global Platts said they were launching an electronic platform known as eWindow for the liquefied natural gas market. Unlike oil, which has several financial and physical trading platforms and exchanges, LNG markets…
French energy major Total and Tellurian Inc. of the US have signed definitive agreements for $500 million of investments in the US Driftwood LNG export plant and for two Total subsidiaries to buy a total of 2.5 million tonnes per annum of LNG.
Murphy Oil, the US company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, said it completed the sale of its Malaysian assets for more than $2 billion to Thailand state energy company PTT Exploration and Production.
Free ReadThree Dutch companies have cooperated in the bunkering with liquefied natural gas off Indonesia of the world’s largest and strongest semi-submersible crane, now headed for Europe. Heerema Group, the Dutch marine offshore contractor, said the crane built in Singapore will be heading for Spain. The semi-submersible crane, called the “Sleipnir”,…
Movements in LNG spot prices in the Asia-Pacific region have proven difficult to forecast over the past few years with prices rising in 2017 and 2018 during a time when LNG markets were entering a period of over-capacity, then plunging in 2019 to near record lows.
The United States said natural gas production will average a record 91.3 billion cubic feet per day in 2019, up 8.0 Bcf per day from the previous record in 2018, as shale gas begins to dominate the output and opens the way for more LNG and pipeline exports and domestic…