In this issue

 

Kosmos Energy, the US-based oil and gas development company and shareholder in the BP-led Senegal-Mauritania floating LNG production project offshore West Africa, swung to a third-quarter profit from a previous…
Free ReadNippon Yusen Kabushiki Kaisha, the Japanese shipping company known as NYK Line, increased fiscal first-half profits and revenues from shipping liquefied natural gas and other fuels worldwide as it also…
The International Energy Agency (IEA) said it carried out new analysis and identified a challenging 30 billion cubic metres supply-demand gap in the 2023 Northern Hemisphere summer season.
ConocoPhillips has increased LNG activities in 2022 and outlined plans for the Port Arthur LNG export plant in Texas and other projects like cargo shipments to Germany and discussed its…
Free ReadIntercontinental Exchange, a leading global provider of energy trading platforms for futures and options and which is in the process of launching new LNG futures for Europe, reported strong third-quarter…
New Fortress Energy, the US LNG production and import projects developer, reported a jump in revenues and a swing to profits in the third quarter while forecasting bumper earnings from…
Argentine state energy company Yacimientos Petroliferos Fiscales (YPF), which has various LNG development and shale gas and oil projects, gave an overview in its latest earnings on the partial recovery…
LNG News  Editor Cheniere Energy, the largest exporter of US LNG from two plants in Louisiana and Texas, reported third-quarter revenue of $8.85 billion and nine-month income of $24.34Bln in…
Free ReadLNG News  Editor Abu Dhabi National Oil Company (ADNOC), the oil and gas company and LNG producer in the United Arab Emirates, has awarded three framework agreements valued at 14.68…
Swiss company Burckhardt Compression, a specialist provider of LNG sector equipment and energy industry technology, increased profits and sales in the fiscal first-half as it also aimed for $1 billion…
LNG News  Editor Marathon Oil Corp., the shareholder in Equatorial Guinea LNG in West Africa, has agreed to acquire natural gas assets in the US from private equity-backed firm Ensign…
Free ReadTellurian Inc., the developer of the Driftwood LNG export plant near Lake Charles in Louisiana, said in an earnings presentation that it expected about $9.7 billion in cash flow once…
Tuesday, 08 November 2022
The US Federal Energy Regulatory Commission said it was awaiting further information from the Freeport LNG plant in Texas for the process to begin for a partial re-start during November…
LNG News  Editor Chevron Corp., the US major with liquefied natural gas projects in nations such as Australia and mainly supplying the Asia-Pacific region, said events in Europe meant a…

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.