ExxonMobil Corp., the largest US oil company and leading LNG producer and a partner of Qatar, will have its third-quarter earnings impacted by price shifts as it also found a buyer for its stake in the Adriatic LNG import terminal offshore the northeast coast of Italy.
Air Products, the world’s leading supplier of liquefaction processing equipment for LNG plants around the world, has also emerged as the main global producer of hydrogen with new contracts just awarded from the US National Aeronautics and Space Administration to match others from nations like oil producer Saudi Arabia.
Japanese liquefied natural gas imports plunged almost 17 percent as the nation directly replaced gas-fired power with cheaper thermal coal as LNG prices surged worldwide.
JGC Holdings Corp., the leading Japanese LNG and energy engineering firm, has appointed the former executive at KBR of the US, Farhan Mujib, as President of JGC Corp, the overseas engineering, procurement and construction business.