LNG

Petronas subsidiary MISC Bhd’s fourth quarter results showed a net profit of RM3.084 mill, helped by early termination compensation for two LNG long term charters. 

Qatargas 2 has signed a long-term agreement to supply Pakistan State Oil Co (PSO) with LNG. 

State-owned Abu Dhabi National Oil Co (ADNOC) plans to install an FSRU in the second half of this year, according to local sources.

Hit by a one off impairment charge of $ 8.4 mill, Norwegian quoted LNG owner AWILCO recorded a higher net loss rose of $12.6 mill for the fourth quarter of last year, compared with $7.3 mill in 3Q15. 

The US Department of Energy has approved ConocoPhillips' application to export about 40 bill cu ft of LNG from the Kenai liquefied natural gas export terminal in Alaska for a period of two years starting this week.

Chinese imports of liquefied natural gas (LNG) have fallen for the first time since they began 10 years ago, according to the US EIA report. 

The UK’s Marine Accident Investigation Branch (MAIB) is carrying out an investigation into the mooring line failure on board LNGC ‘Zarga’, while she was lying alongside South Hook LNG terminal at Milford Haven. 

Parker Bestobell Marine recently completed a contract to supply cryogenic globe and check valves to Hoegh LNG’s five FSRUs under construction at Hyundai.

French gas membrane containment concern, GTT, has signed a co-operation agreement with Daewoo Shipbuilding & Marine Engineering (DSME) allowing for the manufacture of its new NO96 Max technology. 

Golar LNG has agreed to sell the FSRU ‘Golar Tundra’ to Golar LNG Partners for $330 mill.