The liquefied natural gas shipping sector has seen its largest number of orders since 2014 as traditional and new entrants sign contracts with South Korean, Japanese and Chinese shipyards for vessels to handle the LNG production surge, while the impact has been felt in average annual charter rates.
Woodside Petroleum, the operator of the North West Shelf and Pluto LNG export plants in Western Australia, has awarded four contracts for front-end engineering and design activities for the proposed Scarborough natural gas project to underpin expansion at the Pluto facility on the Burrup Peninsula.
Free ReadLNG Canada, the Royal Dutch Shell-led export joint venture in British Columbia, said Shell was pressing ahead while recognizing that it was likely not possible to get unanimous support for a major infrastructure venture project in the Canadian province. Andy Calitz, Chief Executive of LNG Canada, said he believed that…
Sea-LNG, a global coalition of energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel, said it had appointed representatives of French bank and project financier Societe Generale and the Maritime and Port Authority of Singapore to replenish its 12-strong board.
Westport Fuel Systems Inc., the Canadian-based supplier of LNG and compressed natural gas vehicle engine and storage technology and components, has named David M. Johnson as its new Chief Executive.
South Korean LNG imports rose to a record 44 million tonnes as shipments increased from traditional Middle East supplier Qatar and from new projects in Australia and the US.
Free ReadOphir Energy, the UK company that lost its Equatorial Guinea licence in West Africa and the potential Fortuna floating liquefied natural gas project, is still holding out hope of securing revenue from its stake in an onshore LNG export project in the East African nation of Tanzania. Ophir was informed…
Japanese spot LNG delivered cargo prices were at an average of $10.60 per million British thermal units in December, a rise of $2.50 per MMBtu compared with the price the previous year of $8.10 per MMBtu, though lower than the November 2018 price.
The liquefied natural gas hub and terminal project planned by Greek company Gastrade for the port of Alexandroupolis to serve the Balkans has revised its invitation for expressions of interest as the delivery of the floating storage and regasification unit will take six months longer than originally scheduled.
Free ReadBP of the UK and Italian energy company Eni signed a heads of agreement with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in the Arabian Peninsula nation where BP’s onshore Khazzan natural gas discovery revitalized LNG production.…