LNG

A slump in Pacific demand, driven by Lunar New Year festivities and compounded by supply cuts in the Pacific and Middle East, underpinned the slowdown in February’s LNG trade, our Market Editor Dr Alexander Wilk reports. 

Like a well co-ordinated pit crew, rupture disk producer BS&B Safety Systems streamlines the high-quality custom prototype process in order to accelerate the service to oil & gas industry OEMs.

Over the last two decades, LNG fuelling technology has developed from an outsider solution to an industry mainstay. Over this period much of the innovation has been driven by single breakthroughs or stand-alone technologies but as LNG becomes ever more integrated into industrial supply chains the need for strategic partnerships is now stronger than ever.   Fuelling Editor Malcolm Ramsay has more.

ADNOC GAS: Leading MENA investment bank, EFG Hermes', an EFG Holding Company, investment banking division has completed a marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Co (ADNOC).

Click to Download

Click to Download

Ireland has approved a state-led gas emergency reserve using an FSRU owned by GNI, joining European installations. The decision came amid Europe’s increasing reliance on such units since Russia’s invasion of Ukraine. A higher risk of sabotage incidents has heightened concerns. The reserve is a transitional measure towards renewable energy under strict legal procurement guidelines. 

Click to Download

Click to Download

Gastrade’s Alexandroupolis LNG terminal outage has been extended until further notice after multiple delays since January. The facility, which began commercial operations in October and has a 3.6mmt annual regasification capacity, is experiencing an undisclosed malfunction, affecting regional gas supply and energy security levels.

The operator of Greece's Alexandroupolis LNG Terminal, Gastrade, has further postponed the facility's return to service, extending the outage until further notice.