zoomImage courtesy of Teekay LNG Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a significant cut in net profit during the fourth quarter and full-year 2018. Net income for the fourth quarter plunged to $6.58 million from $25.95 million in the previous quarter, the company’s
zoomBarossa Caldita drilling, 2017 (Image courtesy of Santos) Australian LNG player Santos turned a profit for 2018 following a net loss in the previous year. The company noted the net profit for the year 2018 reached $630 million compared to a $360 million net loss in 2018. Santos managing director and
zoomImage courtesy of Commonwealth LNG Houston-based Commonwealth LNG has reportedly received commitments from European buyers to take almost half of the liquefied natural gas (LNG) from its planned 8.4-million-tonnes-per-year export terminal in Louisiana. Citing Commonwealth LNG CEO Paul Varello, Reuters said on Wednesday that the prospective buyers were European end-users
Image courtesy of Petronet LNG India’s imports of liquefied natural gas (LNG) declined in January, after a brief jump in December last year. According to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC), India’s January 2019 imports reached 2.13 billion cubic meters, 11.6 percent below the corresponding
For illustration purposes only (Image courtesy of Samsung Heavy Industries) South Korean shipbuilding giant Samsung Heavy Industries said Thursday it won a new order to build four liquefied natural gas (LNG) carriers. Samsung said in a filing to the stock exchange that the deal for the LNG quartet is worth
zoomImage courtesy of Elengy French LNG operator Elengy, a unit of the energy giant Engie, has started an open season calling for interested parties to book capacity at its Fos Tonkin LNG terminal for 2021. Its operations are currently guaranteed through to 2020 by ongoing subscriptions and contracts, Elengy said on
Illustration purposes only (Image courtesy of Gasum) As 2020 looms, there is growing consensus that liquefied natural gas or LNG is the best solution for today and into the future towards 2050, as there are no alternative solutions that can match LNG’s emissions profile and scalability, according to a SEA\LNG
Tango FLNG, previously known as the Caribbean FLNG, owned by the Nicolas Saverys-led shipowner Exmar, arrived in Argentina earlier this month. The floating liquefied natural gas unit was transported from China onboard a heavy lift vessel. The floating LNG unit will stay in Argentina and produce LNG for export for
zoomLNG mobile unit/Image courtesy of HAM Group HAM Group has designed and manufactured the first mobile liquefied natural gas (LNG) station in South America. The unit was entrusted to HAM by Quavii, a commercial brand of the company Gases del Pacífico, which is part of Peru’s Promigas Group. This service
zoomImage courtesy of Klaipedos Nafta Lithuanian LNG terminal operator Klaipedos Nafta (KN) has completed the 10th operation of reloading LNG from a gas carrier to ground storage tanks. KN said on Wednesday that the reloading operation was carried out at the LNG reloading station by the LNG transportation and bunkering