LNG

Venture Global LNG, the US operator of the Calcasieu Pass export plant in Louisiana and developer of three other plants in the US Gulf Coast state, has signed a sales and purchase agreement with a key Singapore-based Japanese trading firm.

Venture Global LNG, owner of the newest US export plant at Calcasieu Pass in Louisiana and with three other projects in development, has signed up Malaysian energy company Petronas for a 20-year supply deal.

Oct 6 (LNG) - Stolt-Nielsen, the London-headquartered Norwegian company with interests including terminals, shipping and the Avenir small-scale LNG business, said third-quarter net profits rose to $33.5 million from revenues of $580.9M, an increase on the prior-year quarter’s earnings of $30.36M and revenues of $474.0M.

   “Momentum at Avenir LNG has accelerated with the commissioning of the Sardinia terminal and multiple ship deliveries throughout the second half of 2021, said Niels G. Stolt-Nielsen,company Chief Executive. “The first two vessels are already employed under solid charter arrangements with Petronas (Malaysia) and New Fortress Energy (USA). The third ship, ‘Avenir Aspiration’, now due for delivery, will enter into service to supply our HIGAS terminal in Sardinia, which began commercial operations in August,” added the CEO.

New Fortress Energy Inc, the New York-based company with expanding assets after two LNG acquisitions for shipping and Brazilian gas-to-power projects, posted a first-quarter loss as it pursues additional plans for floating LNG and natural gas production.