Image courtesy of Novatek Yamal LNG operator Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay. The North-Obskoye field has estimated reserves of more than 320 billion cubic meters
Image courtesy of Balearia Spanish ferry operator Baleària has received the backing of European Union for the planned conversion of five ferries to run on liquefied natural gas (LNG). The company said on Wednesday it has been granted €11.8 million ($13.6 million), out of €15 million the company requested through EU’s
Illustration purposes only (Image courtesy of Tokyo Gas) Japan’s Tokyo Gas has signed a heads of agreement for the supply of liquefied natural gas from LNG Canada project with Diamond Gas International, a Mitsubishi Corporation unit. The Shell-led LNG project in which Mitsubishi Corporation holds 15 percent interest, is expected to
Image courtesy of Kosmos Energy Dallas-based Kosmos Energy said it has made progress on the Tortue LNG project in Senegal and Mauritania it is developing with its joint venture partner BP. The company said the first phase Unit Development Plan has been submitted to the energy ministries of both countries
Image courtesy of Containerships Finnish shipping company Containerships, that is soon to become part of French CMA CGM group, christened its third and fourth LNG-powered vessels at the Wenchong Shipyard, China. The vessels were named Containerships Finn and Containerships Balt, respectively, the company said in a statement. “Even though we have been
Illustration only. Image source: Pixabay under CCO Creative Commons license. The price of spot liquefied natural gas contracted during the month of September in Japan jumped 53.6 percent year on year. Data from the Japanese Ministry of Economy, Trade and Industry shows the contract-based price reached $10.6 per mmBtu, compared to
zoomIllustration purposes only (Image courtesy of Novatek) Russia’s largest independent natural gas producer Novatekreported a 4.9 percent rise in production for the first nine months of the year. Novatek’s hydrocarbons production totaled 402.2 million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775
zoomImage courtesy of Qatar Petroleum The global liquefied natural gas market could see a shortage sooner that it was initially anticipated, Qatar Petroleum’s president and CEO Saad Sherida Al-Kaabi said. Speaking at a conference, Al-Kaabi said the shortage will not only come sooner than expected but it will also be bigger
Image courtesy of Peru LNG Peruvian liquefied natural gas (LNG) export facility in Pampa Melchorita shipped four cargoes during the month of September. The plant is slowly picking up the activity following a three-week maintenance in July-September. Out of the four cargoes, two were dispatched to Spain and one to
Image courtesy of Aqualis Offshore Aqualis Offshore has completed the floatover installation of the regasification topside offshore Bahrain as part of the Bahrain LNG import terminal. Aqualis Offshore, part of Oslo-listed energy consultancy group Aqualis was contracted by GS E&C to provide engineering and supervision services related to the loadout,