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South Korea’s shipbuilding industry, the largest global constructor of LNG carriers, has just over a 50-50 chance of seeing the conclusion of a proposed merger between two of the nation’s three largest shipbuilders, Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering.
Cheniere Energy, owner of the Sabine Pass and Corpus Christi LNG export plants on the US Gulf Coast, has given notice to proceed to builders of the Midship Pipeline project to enable transportation of feed-gas and domestic volumes from the prolific Anadarko Basin in Oklahoma to the Gulf Coast.
Free ReadIndian Oil Corp., the refining and fuel marketing company, has started commissioning the first liquefied natural import terminal on the East Coast of India near the city of Chennai with a shipment from Qatar. The new terminal is located at Kamarajar Port in the southeast state of Tamil Nadu .…
Russia delivered a record amount of liquefied natural gas to Europe in February from the Yamal export plant in the Arctic region and became the biggest monthly supplier to the continent for the first time, overtaking Qatar, Nigeria and Algeria.
Singapore LNG cargo indices were all below $6.00 per million British thermal units through May, while only North Asia shipments fetched around $6.25 per MMBtu for the second half of March as North Sea Brent crude prices of around $65 per barrel had a stabilising effect on most prompt delivery…
Free ReadKBR Inc., the US energy and LNG engineering company said it was awarded a preliminary engineering and design contract by Mexico Pacific Ltd (MPL) for a US-led midscale LNG liquefaction and export project at Puerto Libertad on the Pacific coast of Mexico. Under the terms of the contract, KBR will…
Spot LNG cargo prices in Asia have continued to fall this year from over $9.00 per million British thermal units to under 6.50 per MMBtu amid ample supplies and weakening seasonal demand as the market focus now turns to Southern Hemisphere winter needs in Brazil and Chile.
Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, posted a rise in net profits as fourth-quarter spot LNG cargo rates reached record levels then slumped in the first quarter…
Enagas, the Spanish natural gas network owner and LNG terminals operator, reported firm profits and the 85 percent completion of Trans Adriatic Pipeline, part of Europe’s Southern Gas Corridor.