For illustration purposes only (Image courtesy of Guangdong Dapeng LNG) China, the world’s second-largest importer of LNG, is continuing to boost its imports of the chilled fuel and has reached a new record high as it is pursuing its strategy for cleaner air. China imported 41.6 million tonnes in the January-October
zoomFor illustration purposes only (Image courtesy of Vopak) Dutch tank storage company Vopak said it will acquire in total 44 percent in Elengy Terminal Pakistan in two separate transactions with International Finance Corporation (IFC) and Engro Corporation. The acquisitions include the previously agreed deal with Engro Corp to buy a 29 percent
Bintulu LNG (Image courtesy of Petronas) Malaysia’s Petronas reported a decline in its quarterly liquefied natural gas (LNG) sales as its total earnings and profit rose on higher prices. The energy company’s revenue for the third quarter was 63.9 billion ringgit ($15.2 billion), up by 19 percent from the corresponding
zoomImage courtesy of Flex LNG Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business turned to a $1.2 million profit in the third quarter of the year compared to a $4 million net loss in the third quarter of 2017. The company also tightened
For illustration purposes only (Image courtesy of GTT) French LNG containment specialist GTT said Monday it received an order for the tank design of a new 174,000-cbm liquefied natural gas carrier. The ship would be built by a Korean shipyard on behalf of a European ship-owner, GTT said without providing any
LNG Lerici (Image courtesy of Eni) Malaysia’s LNG shipping company MISC said Tuesday it chartered two liquefied natural gas carriers to LNG Shipping, a unit of Italy’s state-controlled energy giant Eni. MISC chartered the 1997-built LNG Portovenere and the 1998-built LNG Lerici. Both of the vessels have a capacity of 65,000 cubic
Image courtesy of KBR Houston-based LNG engineer KBR has been awarded a contract by Papua New Guinea’s Department of Petroleum to provide support services for existing and new energy projects in the country. This includes upstream, LNG and downstream sectors, KBR said in its statement. Under the terms of the agreement,
Image courtesy of AGL Energy Australian utility AGL Energy has set out to assess its gas import jetty and pipeline project through an environment effects statement (EES) process. The project, jointly proposed by AGL and APA, natural gas and electricity assets owner and operator, will have the import jetty at Crib Point
Image courtesy of Indian Oil LNG India’s biggest refiner, Indian Oil Corp, is reportedly looking to buy a couple of cargoes of liquefied natural gas for delivery during January 2019. Citing industry sources, Reuters reports the two cargoes are to be supplied on a DES (delivered ex-ship) basis, to Gujarat. The two delivery