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Free ReadJERA Co Inc., the largest Japanese liquefied natural gas buyer and power assets owner, said it was overhauling its business while increasing its medium-term LNG activities with a larger carrier fleet as it aimed for 3.6 trillion yen ($33 billion) of sales in fiscal 2019. The company said it now…
Singapore LNG spot cargo indices began to move clear of three-year lows as prices recovered slightly for all destinations with North Asia at a premium for the second half of June at $4.860 per million British thermal units.
Woodside Petroleum Chief Executive Peter Coleman told the LNG2019 conference in Shanghai that international energy majors needed to do more to demonstrate as China has already done that a lower-carbon world needs LNG.
Free ReadChevron Corp. has revived its almost dormant Canadian Kitimat liquefied national gas project originally proposed with Apache Corp. for Bish Cove in British Canada by applying to regulators for export capacity of up to 18 million tonnes per annum. Chevron, the operator of two LNG export plants in Western Australia,…
Another LNG-powered ferry has entered service in the Mediterranean for the Italian company Caronte after being constructed at the Sefine shipyard at Yalova in Turkey.
One of the questions facing the industry is concerning the likelihood of a significant LNG surplus in the next few years. This could be linked to demand factors, while construction delays and slow ramp-ups at some projects and others running behind schedule could give more balance to the market.
Free ReadFrench energy major Total said at the LNG2019 conference in Shanghai that it had signed a series of agreements to strengthen its foothold on the US Gulf Coast with equity stakes and additional volumes. Total said it signed its deals with Tellurian Inc., a company in which it already has…
Chiyoda Corp., the Japanese LNG engineering company, said it was still working on its recovery plan from the more than $1 billion of losses incurred from significantly increased project construction costs, particularly at the Cameron project in Louisiana being built by Sempra Energy.
A South Korea-based liquefied natural gas project company has signed an agreement with Australian building contractors Watpac Ltd for the design and construction of the onshore infrastructure for the LNG import facility planned for the Australian port of Newcastle in the state of New South Wales.