LNG

Lacklustre rewards and regulatory risk is weighing down the oil, gas and coal sector, hence the Institute for Energy Economics and Financial Analysis (IEEFA) sees a growing rationale for divesting from the fossil fuel industry. “Future returns from the fossil fuel sector will not replicate past performance,” IEEF analysts warned.

Gaztransport and Technigaz (GTT), the French maritime LNG storage tank technology firm, posted a more than 20 percent rise in first-half net profits as the shipping industry emerged from its slump and new liquefaction projects were being developed, especially in the US.

BHP Billiton, the Australian commodities and energy company with a long-standing stake in the North West Shelf LNG plant, has agreed a US10.8 billion cash sale, mostly to BP of the UK, of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville shale plays in the US Gulf…

Singapore LNG cargo indices gathered pace to be around US$9.90 per million British thermal units for North Asia cargoes and Dubai-Kuwait-India shipments through the first half of October as front-month crude oil prices remained firm.