Daily News

Daily News (16504)

Children categories

Gazprom, the Russian natural gas giant and main supplier of pipeline supplies to the European Union, as well as owner of the expanding Sakhalin LNG plant, has fully re-entered the financial mainstream with an agreement involving JPMorgan Chase Bank of the US and two of the largest Japanese banks.
Marubeni Corp., the Japanese trading house and LNG player, along with shipping company Mitsui OSK Lines, signed an accord with Russian natural gas firm Novatek to conduct a study on establishing an LNG trans-shipment and marketing complex in the Russian Far East.
Royal Dutch Shell Chief Executive Ben Van Beurden said he saw “underlying strength” in the liquefied natural gas market and the company’s resilience and good financial performance came from its leadership in LNG and gas-to-liquids.
Origin Energy, a stakeholder in the Australia Pacific LNG plant, said the facility was exceeding performance expectations as the company prepared to be a provider for a clean energy future with renewables, while using Australia’s largest coal-fired power plant to continue to meet demand in New South Wales.
NextDecade, the US company proposing to build the Rio Grande LNG export project in Texas, said it could take a final investment decision for as few as two Trains rather than the six in its initial plans.
Energy World Corp., the Asia-Pacific project developer, has cleared the final hurdle to bring a power plant and LNG hub venture on stream in 2018 at Pagbilao in Quezon Province of the Philippines.
Osaka Gas, one of the leading Japanese utilities and liquefied natural gas importers, has launched a pilot project in Thailand to make a form of LNG fuel from agricultural waste for use in vehicles.
The Gas Exporting Countries Forum (GECF), the natural gas industry’s version of OPEC, has completed its summit in the city of Santa Cruz in Bolivia, with Qatar pledging to regain its position as the leading liquefied natural gas producer five years after Australia overtakes it in 2019.
Forecasts for the adoption of LNG as a fuel for shipping has been revised to between 400 and 600 vessels by 2020 instead of the 1,000-plus previously estimated by the European classification society, DNV GL.
Hoegh LNG, the Norwegian fleet operator and project developer, has ended its involved in an import venture in Pakistan that involved a charter agreed and the deployment of a vessel near Karachi.