zoomImage courtesy of ABS US-based classification society ABS has teamed up with OceanFinance and Scorpius Space Launch Company (SSLC) on the SPACE TECH4SEA project to adapt composite technologies developed for the space industry to liquefied natural gas (LNG) shipping. The project, attracting more than 1 million euro ($1.13m) grant funding from
zoomImage courtesy of Cheniere Houston-based LNG exporter Cheniere Energy reported a $65 million profit for the third quarter of the year, as more production volumes come online. The company swung to a profit in the third quarter after reporting a $289 million loss in the corresponding quarter last year. In
zoomImage courtesy of BAM BAM International, a unit of Dutch contractor BAM, and its partners have started mobilization and construction works on the Rio Tinto Terminal A expansion on behalf of the Shell-led LNG Canada. BAM together with JJM Construction (Canada) and Manson Construction (USA) has been instructed to build the new
Image courtesy of GasLog Partners GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, is set to rake in $95.9 million through a share sale intended to fund further acquisitions among other things. The partnership said it will put up 4,000,000 shares for sale at a price of $25 per unit.
FSRU Independence (Image courtesy of Klaipedos Nafta) Liquefied natural gas (LNG) regasification volumes at Lithuania’s first and only import terminal in the port of Klaipeda continued to decline on a monthly basis. Klaipėdos Nafta, the LNG terminal operator, on Thursday said that its facility regasified and reloaded 0.70 terawatt hours
Image courtesy of Freeport LNG Japanese conglomerate Toshiba Corporation has decided to withdraw from the US LNG business transferring all the outstanding shares of Toshiba America LNG Corporation to a third-party buyer. While the buyer will pay $15 million for the transfer, under the arrangement, Toshiba, through its unit Toshiba Energy Systems &
zoomFSRU Exquisite (Image courtesy of Excelerate Energy) US floating liquefied natural gas (LNG) player Excelerate Energy on Wednesday opened its new office in the Qatari capital, Doha. Qatar is the world’s largest LNG exporter and currently has a capacity to produce about 77 million tonnes per year. The country has earlier
Image courtesy of Polskie LNG Polish Oil and Gas Company (PGNiG) has signed a supply deal with Houston-based Cheniere for the delivery of more US LNG to the President Lech Kaczyński LNG Terminal in Świnoujście. LNG cargoes will be supplied on a delivered ex-ship basis over a 24-year period starting in 2019, PGNiG
Image courtesy of Anadarko Woodlands-based Anadarko has agreed to sell its remaining midstream assets to Western Gas Partners for over $4 billion. Under the agreement, Anadarko is set to receive a $2 billion cash payment with the balance to be paid in new Western Gas equity. Western gas Partners is currently
Image courtesy of Mitsui Japan’s Mitsui & Co. and China’s Golden Concord Group have entered into a memorandum of understanding to cooperate on electric vehicles (EV), liquefied natural gas (LNG) and energy conservation business. This agreement follows the establishment of a joint venture for new-generation energy and infrastructure related business