Singapore LNG spot cargo prices recovered slightly in the past week to be above the US$4.000 per million British thermal units level for southeast Asia and higher for North Asia and the Dubai-Kuwait-India market amid continuing over-supply.
Free ReadThe 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 signed a preliminary supply deal with Singapore-based commodities trading firm Gunvor. Commonwealth said it signed a heads of agreement with Gunvor Singapore…
Polish Oil and Gas Company has signed an agreement with US liquefied natural gas development company Venture Global to buy 1.5 million tonnes per annum of additional supplies as it aims to reduce its dependence on Russian pipeline gas.
Kawasaki Heavy Industries of Japan has made more progress with development of a floating, gas-fired power plant to operate with LNG deliveries and aimed at Southeast Asia with its many islands and isolated communities unable to receive pipeline gas supplies.
Free ReadChart Industries, the US LNG and industrial gases equipment provider, has priced its underwritten public offering of 3.5 million shares at $73.50 per share to fund a portion of the purchase price of its pending acquisition of Harsco Corp.’s Industrial Air-X-Changers business. Chart has also granted the underwriters a 30-day…
Venture Global, the US LNG project developer with two export plants proposed for Louisiana, has held discussions with the Federal Energy Regulatory Commission on the filing requirements for the construction of a third plant in the Gulf Coast state called Delta LNG.
After several years of decline, investment in new LNG export projects has rebounded and further accelerated in the first half of 2019, with a rising number of ventures expected to achieve their final investment decision in the course of the current year in the United States, Africa and elsewhere.
Free ReadChina National Petroleum Corp., the largest Chinese oil and gas company, said it planned to ramp up production of domestic natural gas to meet more than 50 percent of its primary energy output by 2020 to support the clean-air policies that have also boosted the need for LNG and pipeline…
ExxonMobil and Qatar Petroleum are proceeding with a long-term upstream development in Argentina’s Vaca Muerta shale play with plans for 90 wells with a central production facility and pipelines.
Trafigura, the international commodities group, reported an almost doubling of six-month profits as its LNG, crude oil and gasoline trading desks were the stand-out contributors.