In this issue

 

China National Offshore Oil Company (CNOOC), a leading LNG market participant among Chinese oil and gas majors, has outlined its 2023 strategy with higher spending plans, including the targeting of…
Free ReadQatarEnergy, one of the world’s largest LNG exporters, has decided to proceed with the $6 billion petrochemicals joint venture with US partner Chevron Phillips Chemicals near the LNG liquefaction plant…
LNG News Editor:  Sonatrach, the Algerian national energy company, plans to invest more than $30 billion in the exploration and production of hydrocarbons, notably natural gas, and to upgrade facilities…
LNG News Editor:  Qatar Gas Transport Company, known as Nakilat, has said that its LNG fleet of 69 vessels would be undergoing dry-dockings in a phased manner through to August…
Free ReadLNG News Editor:  Silverstream Technologies, the London-based leader in air lubrication technology, has signed a deal with China Merchants Energy Shipping (CMES) to install its system on four Chinese LNG…
Simpson Spence Young (SSY), the London-based shipbroker, has announced the expansion of its partnerships base with six new additions including from LNG.
Europe will receive a steady stream of LNG cargoes from the US, Qatar and other nations such as Peru in the next two weeks.
Free ReadLNG News Editor:  The Norwegian Petroleum Directorate (NPD) said people are witnessing a rare event to see such high levels of natural gas and oil produced on the Norwegian Continental…
Varo Energy Group, has acquired control of Dutch company Bio Energy Coevorden BV, a leading European producer of biogas made from waste, and aims to double production as it forecasts…
SNAM subsidiary had 9.3 Bcm in storage at the start of January as EU prices dropped 
LNG News Editor:  Japan’s Mitsui OSK Lines and group company Ferry Sunflower Limited said that the “Sunflower Kurenai” received its first LNG fuel supply at the Port of Beppu in…
Free ReadKanfer Shipping AS, one of the leading companies for small-scale gas solutions based in Norway, has signed an accord on establishing an attractive hub for liquefied natural gas bunkering and…
LNG News Editor:  Excelerate Energy, the leading US provider of floating LNG import terminals, said its floating storage and regasification unit (FSRU), the “Exemplar”, arrived at the port of Inkoo,…
South Korean shipyards outperformed their Chinese counterparts in terms of orders for liquefied natural gas carriers during 2022, though finished second to China in overall shipyard orders.

News Nudges

Papua LNG EPC

A joint venture comprising JGC Holdings of Japan and South Korea’s Hyundai Engineering & Construction of South Korea have been awarded downstream contracts for the Papua New Guinea LNG expansion project. JGC and Hyundai were awarded a front-end engineering and design (FEED) contract and an engineering, procurement and construction (EPC) estimation contract as part of a competition by PNG plant operator ExxonMobil on behalf of the Papua LNG project partners. The project is to build 4 million tonnes per annum of LNG liquefaction capacity adjacent to the existing PNG LNG plant located northwest of the capital Port Moresby.


GTT in patents list

Gaztransport and Technigaz (GTT), the French LNG storage technology company, has taken first place for a fourth consecutive year in list of patent applications from medium-sized companies made to the French Patent and Trademark Office, l’Institut National de la Propriété Industrielle. GTT said it had 57 patents published in 2022. “In the ranking of the Top 50 patent applicants in all categories, GTT is in 23rd place and has moved up seven places compared to the 2021 list,” said the Paris-based company.


Genel Energy boost

Genel Energy plc, the London-listed oil and natural gas company with interests off the beaten track in Kurdistan and Somaliland, reported annual revenues of $432.7 million, an increase on the previous year’s $334.9M and also posted operating profit of $18.3M. “We have a very strong balance sheet with $495M of cash, net cash of $228M, at the end of 2022 and no debt maturity until 2025,” said the company.