zoomImage courtesy of Engie French energy company and LNG player Engie swung to profit for the year 2017, reporting an income of €1.4 billion ($1.74 billion), compared to a €400 million net loss in 2016. Engie noted that the result was boosted by “notably lower impairments” compared to 2016. The company said
Image courtesy of GTT French liquefied natural gas (LNG) containment system specialist, Gaztransport & Technigaz (GTT) developed and completed the testing phase of its new technology named LNG Brick. This solution, comprising a Mark III membrane system, is delivered as a block ready to be installed into the ship structure,
Image courtesy of Prometheus Energy US LNG producer and provider Stabilis Energy said Wednesday it had completed the acquisition of a majority interest in Prometheus Energy. The acquisition combines two of the “leading” liquefied natural gas production and distribution companies to form a full-service provider capable of delivering LNG to
Image courtesy of ExxonMobil US energy giant ExxonMobil has outlined a growth strategy targeting a 100 percent increase in earnings by 2025 at 2017 prices. Speaking of the company’s strategy, Darren Woods, chairman and CEO, during the meeting of investment analysts at the New York Stock Exchange, said the company has got
Image courtesy of Nantes St. Nazaire Port Over the past weekend, the fifth transshipment of Yamal LNG volumes since the start of the year took place at Elengy’s liquefied natural gas terminal of Montoir-de-Bretagne. The cargo was delivered from the Yamal LNG facility on Saturday, March 3 aboard the Arc7 ice-class
Meridian Spirit at the Sabine Pass LNG facility (Image courtesy of Cheniere) The U.S. Energy Information Administration has reduced its forecast for Henry Hub natural gas spot prices this year as LNG exports produced from shale gas continue to rise. To remind, Henry Hub-priced US LNG exports received a boost
zoomIllustration purposes only (Image courtesy of Shell) Dominion Energy confirmed on Friday that the first LNG cargo from its Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, has departed the facility. Shell’s 136,985-cbm LNG carrier Gemmata, carrying the first cargo of LNG from Cove
Image courtesy of Novatek Novatek-led Yamal LNG said it reached a milestone shipping the first million tons of LNG produced at its first train. The first LNG train comprising 5.5 million tons per annum commenced LNG production in the fourth quarter 2017 with the loading of the inaugural tanker, the
Image courtesy of Cheniere Cheniere’s Corpus Christi LNG export project could start producing the first liquefied natural gas before the end of the year. Speaking at an LNG industry conference, Cheniere Marketing’s director origination Douglas Wharton said the company is hopeful of starting LNG production by the end of the year,
zoomImage courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy reported 2017 adjusted earnings of $1.37 billion, up from $1.27 billion in 2016. The company’s adjusted earnings for the fourth quarter of the year reached $389 million, up from $383 reported in the corresponding period last