LNG

Chile LNG station

HAM Group of Spain, the developer of a growing European LNG filling station network, is also expanding into South America with a second LNG service station in Chile. HAM Chile will be in charge of the engineering process of the LNG station as part of a joint venture with regional operator Empresas Lipigas. The existing LNG station is located at the fuelling base of trucking company Transportes San Gabriel, in Linares, 300 kilometres south of the Chilean capital Santiago. HAM said the second station would be located in Tabolango in the Valparaíso region and about 10 kilometres from Concón, a coastal city in central Chile and will open in June.

Kyushu LNG trading

Kyushu Electric Power, a long-term LNG buyer with current long-term contracts with the Australian Gorgon LNG and Wheatstone LNG plants, has launched a new subsidiary for LNG trading. “Kyushu has launched a new subsidiary dedicated to supply to meet emerging demand,” said the company.

Novatek GDRs

Novatek, the Russian natural gas company and operator of the Yamal LNG plant in northern Siberia and the Arctic LNG II project hit by sanctions over the Ukraine invasion, has issued a notice through the London Stock Exchange on continuing its Global Depository Receipt (GDR) trading. “The Russian Federation Government Commission on Monitoring Foreign Investment authorized Novatek not to terminate its Global Depository Receipt (GDR) program and to continue GDR circulation outside the Russian Federation,” said the statement.