Hyundai Merchant Marine Co., the largest South Korean shipping line, said it would place an order by June for 20 container ships worth around $2.8 billion with the country’s major shipbuilders for vessels having exhaust-cleaning technology or LNG fuel capability.
Japanese spot LNG cargoes that arrived in Japan in March cost an average of $10.20 per MMBtu compared with $7.70 per MMBtu a year before, a rise of almost 33 percent and along with long-term contract deliveries will be adding to Japan’s energy import costs as oil and gas prices…
Hubei Energy Group of China plans to invest in liquefied natural gas infrastructure on the Yangtze River and has signed an accord with the city of Zhejiang to encourage fuel use by river traffic in the next three to five years.
BP of the UK said it had approved the development with Oman Oil Company of the Ghazeer project in the Sultanate of Oman as the second phase of the giant Khazzan natural gas venture in the Arabian Peninsula nation that has helped revive LNG production.
Florida Gas Transmission received a regulatory permit for its East-West Project to construct lateral connections to serve demand in the Gulf Coast, including from liquefied natural gas export plants.
Air Liquide, the France-based industrial gases company, said it was continuing to develop its latest boil-off gas reliquefaction technology onboard a second LNG carrier newbuild after successful trials on a first vessel at a shipyard in South Korea.
Singapore LNG import licence holder Pavilion Gas, part of the portfolio of the city-state equity fund Temasek and its Pavilion Energy company, received its inaugural LNG cargo from Middle East supplier Qatargas for the local natural gas market.
Two of the three Australian coal-seam-gas-to-LNG export plants on Curtis Island near the port of Gladstone in Queensland have successfully tendered for an exploration and production licence for a key block in the Bowen Basin to boost natural gas supplies.
US liquefied natural gas exports gathered pace over the past week as domestic natural gas demand softened in the residential sector and pipeline exports to Mexico dropped 9 percent because of maintenance on infrastructure across the border.
General Electric, the US power plant and machinery company, said it had successfully completed the testing of an 80-megawatts induction motor at its factory in northeast France to serve the LNG industry liquefaction plants.