Sovcomflot, the Russian shipping line, has organized financing for two new liquefied natural gas carriers to increase its LNG fleet to 16 vessels as Russia expands its presence in the sector with more projects.
The Brownsville Ship Channel is making progress in its development as one of the major liquefied natural gas export waterways with the owner of the Rio Grande LNG project financing a key improvement plan set to start in 2020 and using some design features from the expanded Panama Canal.
Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a trust firm controlled by Norwegian magnate John Fredriksen, has formally filed with the US Securities and Exchange Commission to be listed on the New York Stock Exchange.
Free ReadKinder Morgan, the US pipeline and infrastructure company, has encountered minor issues relating to the commissioning of equipment at the facility near Savannah in the state of Georgia vying to enter the start-up phase ahead of the Cameron LNG plant in Louisiana. Elba Island is an existing import terminal that…
Gibraltar has formally opened its liquified natural gas import terminal as the British overseas territory switches from diesel power to gas-fired electricity and promotes cleaner fuel for shipping visiting the port.
Sempra Energy said the Cameron liquefied natural gas export plant at Hackberry in Louisiana was in the final stages of commissioning and production would be starting soon as the California-based utility forecast higher future LNG earnings.
Mitsubishi Corp. of Japan is planning to refinance the Japanese energy and LNG engineering company Chiyoda Corp. with a capital injection of at least $1.4 billion to help it recover from project setbacks and to secure some of the liquefaction plant work in a new wave of forthcoming contracts.
Free ReadOccidental Petroleum, the Texas-based company competing with Chevron Corp. to take over Anadarko Petroleum for around $55 billion including debt, has had its revised offer endorsed by the Anadarko board, including the sale of its Mozambique LNG stake and other African assets to French major Total if the deal is…
The American Petroleum Institute and the International Association of Oil and Gas Producers have jointly outlined ways to increase US LNG exports to countries in the European Union.
The Greater Tortue-Ahmeyim Project, the floating liquefied natural gas development offshore the maritime boundaries of Mauritania and Senegal, is making advances as shareholder Kosmos Energy prepares to sell some of its stake.