LNG

WaveCrest Energy has announced the start of a market consultation process for a proposed Teesside Flexible Regas Port as the UK’s third liquefied natural gas import destination in advance of a planned capacity auction to be launched in the third quarter of 2024.

The UK North Sea Transition Authority (NSTA) has given the go-ahead for the development of the North Sea Rosebank oil and gas field by Norway’s Equinor and London-listed Ithaca Energy with sizeable contracts for US engineering company TechnipFMC and several European energy contractors.