Asian spot LNG prices rose last week on news of South Korean and Taiwanese energy companies import activities plus Asian and Atlantic gas producers cargo offerings.
Qatar and Australia are to play key roles in meeting increasing South Korean demand for LNG, according to a new report*.
LNG-to-energy solutions, notably for distributed power, have made Wärtsilä one of the biggest supplier of gas- and liquid fuel-fired power stations in the 5 - 600 MW range. Such baseload and/or grid stability plants are used predominately as ‘wind chasers’ and ‘sunset balancers’, compensating for intermittent supply of renewable energy…
Dominion Energy's Cove Point LNG export terminal in Maryland could be ready to ship its first commissioning cargo by end-September.
Teekay LNG Partners has reported GAAP net loss attributable to the partners and preferred unitholders of $16.1 mill in the second quarter of this year, compared to a profit of $43.1 mill in the same period of 2016.
Keeping pace with the changing conditions in the LNG sector, the traditional long-term LNGC timecharter market is evolving and charter periods are becoming shorter.
PetroBangla signed its first LNG import deal (2.5 mtpa, 15 years) with Qatar's RasGas in July, but this deal “is a far cry from its LNG ambitions,” according to Wood Mackenzie.
Air Products, one of the world's leading LNG technology and equipment suppliers, has signed an agreement with TP JGC Coral France to install equipment on an FLNG.
The 4.4 mill per year Peru LNG terminal sent 32 LNG shipments in the first half of 2017, up from 31 in the same period a year earlier, the company has said.
Sharjah National Oil Co. (SNOC) seeks to fast-track its financial investment decision (FID) on deploying a floating gas storage and regasification unit (FSRU) in the emirate to end power shortages at times of peak summer demand. Financial close is envisaged before the end of 2017, with aim to start importing…