PETRONAS, Malaysia’s national oil and gas company, is developing Sabah’s first nearshore LNG facility set to produce an additional 2 million tons per annum (mtpa), with volumes largely designated for customers in Asia Pacific. “The project demonstrates our commitment to harness further value from our upstream assets through technological advancements that can unlock remote and costlier gas fields,” Abang Yusuf Abang Puteh, PETRONAS’ senior vice president of LNG Assets told our Markets Editor, Anja Karl.
Eastern European EU Member States led by Lithuania seem ahead of the curve in substituting Russian pipeline gas with LNG. However, once winter approaches competition for available gas volumes is set to stiffen, writes our Markets Editor Alexander Wilk
A historic fall in the world’s energy consumption and carbon emission during the Covid-19 pandemic was rapidly reversed last year, when oil, gas and coal staged a comeback. Findings in BP’s Annual Statistical Review highlight the difficulty of achieving pledges made at the COP26 climate summit, as hydrocarbon consumption keeps rising despite a jump in prices; Anja Karl has more.
Our preliminary June data point to broadly steady monthly LNG flows as volumes still had to overcome the emergency shutdown of Freeport LNG, our Markets Editor Alexander Wilk reports.
The phrase ‘dash for gas’ was coined a few decades ago but it rings as true today as it did all those years ago, due to rush to replace Russian gas since the February invasion of the Ukraine. This has led to all of the LNG stakeholders, including governments, to rethink the methodology of bringing the gas to market.
Raman spectroscopy is now claimed to offer a more efficient means of accurately measuring LNG composition and concentration. Technical Editor, Ian Cochran reports.
High bunker prices and ongoing volatility in global fuel supply chains is driving naval architects to expand the number of fuel options available on newbuild vessels, according to ship design group Deltamarin. Fuelling Editor Malcolm Ramsay has more.
ALASKA Governor Mike Dunleavy has just concluded a trade mission to Japan where he met executives of leading energy companies and utilities as well as government ministries about the Japanese companies procuring long-term Alaskan LNG supplies.