TotalEnergies benefits from increasing LNG sales to boost third-quarter net income and overall cash flow
TotalEnergies of France said it benefited from a leading position in liquefied natural gas to generate $4.8 billion in adjusted third-quarter net income versus $848 million in the 2020 quarter while cash flow amounted to $8.4Bln.
Chinese major Sinopec gains approval for Longkou LNG terminal and urged to secure supply deals
China Petroleum and Chemical Corp., known as Sinopec, has been given the go-ahead by the state planning body to build another onshore LNG import terminal at Longkou in Shandong province at a cost of 8.3 billion Chinese yuan ($1.28Bln) and taking the size of nation’s network to 24 facilities.
Australia-listed Oil Search says Papua New Guinea LNG expansion may proceed with less feed gas
The Papua New Guinea LNG expansion proposal to more than double current output could proceed with the single Papua Gas Agreement signed with the Government and consist of two new processing Trains instead of three Trains.
China imports less LNG in October because of holidays but is still on track for 2019 record
Chinese liquefied natural gas imports dropped by around 12 percent in October compared with the same month a year ago because of factory holiday closures and a terminal outage, though were still ahead of last year’s total for the first 10 months of 2019.
US outlines shale gas and tight gas policies in China as LNG and pipeline imports increase
A US report said natural gas demand in China has continued to rise even as pipeline gas and LNG imports have increased and as the government attempts to boost domestic output from shale gas projects run by two Chinese majors.
