In this issue

 

Our Europe editor Statoil and partners, including two US majors, have found non-commercial natural gas volumes in the Korpfjell well in the Barents Sea about 420 kilometres offshore its LNG…
The two Golar LNG shipping companies see intense competition for fixtures in the charter market while there is growing interest in the import sector for floating storage and regasification units…
Our Asia editor Chinese energy major Sinopec, whose LNG assets include a stake in the Australia-Pacific LNG plant in the state of Queensland, said first-half profit attributable to shareholders was…
Skangas, the Nordic LNG supplier and facility operator, and ESL Shipping have entered into an agreement providing gas fuel to ESL’s LNG-powered bulk carrier newbuilds, expected to start operating during…
Malaysian energy company Petronas said its liquefied natural gas unit had signed a 15-year sale and purchase agreement with South Korean refiner S-Oil Corp to supply LNG to be used as…
Our Europe editor The Norwegian Coastal Administration said it expected Cryo Shipping's LNG seaborne transport services in Northern Norway to have great value and awarded the company 1 million euros…
Keppel Offshore and Marine of Singapore said its US subsidiary based in the Texas port of Brownsville won a contract worth more than US$400 million from Honolulu-based Pasha Hawaii for…
Our Americas editor Argentina's national energy company, Yacimientos Petroleiferos Fiscales (YPF), said its Chief Executive Ricardo Darre had resigned for personal reasons and has been replaced by a six-man executive…
Our Middle East editor KBR, the US engineering and construction company, is continuing with its success in winning more oil and gas and LNG contracts by being nominated for work…
Australian exploration and production company Far Ltd., which is in dispute with LNG producer Woodside Petroleum over a licence stake offshore Senegal, said it received confirmation of increases in equity…
Sovcomflot, the Russian shipping company specializing in energy transportation and with a growing LNG fleet, including the delivery of the world’s first ice-breaking LNG carrier, posted higher gross first-half freight…
Our North America editor in New York LNG importer Mexico is now offering limited transparency in natural gas pricing showing that its domestic gas was at $4.10 per million British…
Commonwealth LNG, a US export project in Louisiana, has initiated its pre-filing environmental review process with the Federal Energy Regulatory Commission for a liquefaction plant in Louisiana with 9 million…
Our Middle-East editor Delek Group of Israel, the main shareholder with Noble Energy of the US of the Leviathan and Tamar natural gas fields in the Eastern Mediterranean, boosted second-quarter…

News Nudges

Russian LNG cargoes

Japan and China remain the biggest buyers of LNG from Russia, whose two export plants are Sakhalin in the Russian Far East and the Yamal plant in Northern Siberia. Shipping data showed that between January and October 2022 Japan bought around 5.96 million tonnes of LNG from Russia, a fall of 10 percent from 2021, while China purchased 5.67MT, an increase of 24 percent from 2021. After Japan and China, the other main buyers of Russian LNG cargoes through October 2022 have been France (4.75MT), Spain (3.24MT), Belgium (1.78MT) and the Netherlands (1.67MT).


Newbuilds increase

Shipyards in China and South Korea have seen orders in the past month for at least eight newbuild liquefied natural gas carriers and one floating storage and regasification unit (FSRU) as the global fleet expands to meet rising demand. The orders include two vessels of 175,000 cubic metres capacity under an order made by German ship management company Hammonia Reederei and to be delivered between 2025 and 2026 from China's Yangzijiang Shipbuilding.


Woodside funding

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, said it had continued its track record of contributions to the state’s communities with a A$50 million (US$33M) commitment to the Resources Community Investment Initiative (RCII) announced by State Premier Mark McGowan. Woodside Chief Executive Meg O’Neill said Woodside was pleased to join with the WA Government and other industry participants to establish the RCII, which will facilitate investment in infrastructure projects and community and social initiatives across the state.