Singapore LNG spot cargo prices moved higher for fixtures to North Asia and for the month of September and were just short of the $5.00 per million British thermal units mark as Dubai-Kuwait-India market prices also rose.
The prospects are improving for the establishment of viable natural gas and LNG trading hubs in Asia in tandem with the development of short-term and spot LNG markets, regarded as a positive and necessary pre-condition for the operation of competitive market-driven pricing mechanisms.
Free ReadAustralian LNG player Santos said that the Barossa natural gas field joint venture has entered into exclusive negotiations with the Darwin LNG stakeholders to the supply of backfill feed-gas and extend the lifespan of the ConocoPhillips-operated facility that came on stream in 2006. Santos explained that the arrangement gives the…
Pieridae Energy, the developer of the German-backed Goldboro LNG project in the Canadian Atlantic province of Nova Scotia, signed a purchase and sales agreement with Shell Canada Energy to acquire all of Shell’s midstream and upstream assets in the southern foothills of Alberta province to boost its LNG feed-gas reserves.
GTT, the French maritime LNG storage technology company, has received an order from the Chinese Jiangnan Shipyard for the tank designs for five new LNG-fuelled container ships of 15,000 TEU capacity each.
Free ReadGasum, the Finnish natural gas company, said its liquefied natural gas bunkering vessel “Coralius”, has conducted its first fuel operation in the port and refining area of Rotterdam, one of the most important logistics hubs in Europe. Gasum said the 5,800 cubic metres capacity ship-to-ship bunkering vessel has now proved…
The Indian Hiranandani group said a floating storage and regasification import project at Jaigarh port, south of the West Coast city of Mumbai, is on scheduled to start commercial operations by the fourth quarter of 2019, a year behind schedule.
Pieridae Energy, developer of the German-backed Goldboro LNG project in the Canadian Atlantic province of Nova Scotia, has had its shares suspended on the Toronto stock market pending a material announcement.
Free ReadArgentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF), has sold overseas bonds for the first time in more than a year amid a slow return of investor confidence as the company starts small-scale LNG exports and the nation’s huge Vaca Muerta shale basin continues to be developed. YPF issued…
German marine engine maker MAN Energy Solutions, a supplier of propulsion for many of the world’s LNG-powered vessels as well as the most modern LNG carriers, said its two-stroke, dual-fuel portfolio has now logged more than 500,000 operational hours.