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Royal Dutch Shell has formally exited a natural gas project offshore the Gaza Strip and handed over control to the Palestine Investment Fund (PIF), the Palestinian Authority’s investment arm, to seek its own energy success in an East Mediterranean field with proven reserves.
Woodside Petroleum, the operator of two liquefied natural gas plants in Western Australia, has joined nine other global oil and gas majors in signing guiding principles that commit it to further reduce methane emissions from the natural gas assets it owns.
US utility Exelon Generation has signed an agreement to purchase the Everett LNG import terminal, located near Boston in Massachusetts and the oldest such facility operating in the US, from the North American subsidiary of French utility Engie.
Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, said it would in future provide more details on planned maintenance, unplanned incidents and the flow of gas in and out of the transport system.
The Singapore LNG cargo index for May remained steady at US$6.830 per million British thermal units compared with US$6.931 per MMBtu last week while the second half of May averaged US$6.784 per MMBtu on weaker North Asian demand.
Australian energy company Santos, a stakeholder in three Asia-Pacific LNG export ventures, has received a US$10.4-billion takeover bid from Harbour Energy whose Chief Executive is Linda Cook, a former senior executive at Royal Dutch Shell.
Qatargas, the leading liquefied natural gas producer, has signed an accord to cooperate in the LNG business with the main electric power generating company of Thailand, including being a future supplier of additional volumes to the Asian nation.
China Petroleum and Chemical Corp., the Chinese energy major also known as Sinopec and with LNG stakes including in the state of Queensland in Australia, said it was planning to boost its LNG capacity and supplies as well as its shale-gas assets.
Fluxys Belgium, the transmission network company and operator of the Zeebrugge LNG terminal, posted a rise in profits of around 45 percent, boosted by tax reforms while also benefiting from the closure of the main UK gas storage expansion of its own LNG offerings of truck fuel and small-scale cargo…
LNG Ltd, the developer of two North American LNG export projects, said it had agreed to extend the financial closing date for an offtake agreement with Meridian LNG Holdings Corp., the owner of an import venture proposed for offshore Cumbria in northwest England.