Image courtesy of Höegh LNG Hyundai Heavy scores $500 million contract for Steelhead LNG’s export project in Canada South Korean shipbuilding giant Hyundai Heavy Industries said it had won a contract worth about $500 million for a liquefaction unit to be used for Steelhead LNG’s Kwispaa LNG export project in
Gorgon LNG plant (Image courtesy of Chevron) Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, reported a surge in its fourth-quarter profit, mainly due to the recent U.S. tax reform. Chevron is the second US company, following ExxonMobil, to post a surge in its earnings on Friday due to benefits
Image courtesy of Peru LNG The Peruvian liquefied natural gas (LNG) export facility at Pampa Melchorita shipped five cargoes of the fuel in January. According to the shipping data provided by the state-owned Perupetro, the five vessels in total loaded some 0.34 million tonnes. Two cargoes were shipped to Japan
Image courtesy of Tokyo Electric Japanese imports of liquefied natural gas (LNG) reportedly hit their highest in at least five years in January. Japan, the world’s largest LNG buyer, imported nearly 8.7 million tonnes last month, up 8 percent from December and the largest volume since at least January, 2013,
LNG carrier Pan Americas (Image courtesy of Cosco Shipping) Chinese shipyard Hudong-Zhonghua Shipbuilding delivered this week to its owners the Pan Americas LNG carrier, the second of four vessels set to transport liquefied natural gas from the QCLNG project in Australia to China. The 174,000-cbm LNG carrier named Pan Americas
For illustration purposes only (Image courtesy of Wood Mackenzie) Four trading houses traded an impressive 9 percent of total liquefied natural gas (LNG) sold worldwide in 2017, according to a report by the research and consultancy group Wood Mackenzie. Trafigura, Vitol, Gunvor and Glencore are “dominating” the LNG trading landscape and these
Image courtesy of ConocoPhillips Houston-based energy company and LNG player, ConocoPhillips reported earnings of $1.6 billion in its fourth quarter of 2017, compared with a loss of $35 million in the same quarter a year before, as oil and gas prices rose. On a per-share basis, ConocoPhillips posted fourth-quarter net
Image courtesy of “K” Line LNG Shipping The 173,400-cbm liquefied natural gas (LNG) tanker Patris was recently delivered to its owners by shipbuilder Daewoo Shipbuilding & Marine Engineering in South Korea. The LNG vessel was ordered back in 2015 by a joint venture comprising of “K” Line LNG Shipping, a unit
Sabine Pass cargo loading (Image courtesy of Cheniere) US exports of liquefied natural gas (LNG) produced from shale gas rose week-on-week, according to the weekly report by the Energy Information Administration. Five LNG vessels with a combined capacity of 18.4 billion cubic feet (Bcf) departed Cheniere’s Sabine Pass liquefaction facility