zoomImage courtesy of KN Liquefied natural gas (LNG) regasification volumes at Lithuania’s first and only import terminal in the port of Klaipeda reported a rise in LNG revenue despite lower regasification volumes. Terminal operator Klaipedos Nafta said in its latest monthly report that the liquefied natural gas terminals have regasified
zoomImage courtesy of DSME South Korean shipbuilder Hyundai Heavy Industries has signed the formal deal with Korea Development Bank to complete the purchase of its compatriot Daewoo Shipbuilding & Marine Engineering. The new deal valued at around 2 trillion won ($1.8 billion) will see the state-owned KDB that has a
Image courtesy of Port of Vancouver The Vancouver Fraser Port Authority has joined SEA\LNG the multi-sector coalition promoting the uptake of LNG as a marine fuel. The Vancouver Fraser Port Authority is the federal agency of the Port of Vancouver, Canada’s largest port, and the fourth port member to join
zoomPetronas president & CEO Wan Zulkiflee Wan Ariffin (Image courtesy of Petronas) Malaysian energy giant Petronas reported lower liquefied natural gas sales drop for the quarter and the full year 2018. Total LNG sales volume for the fourth quarter of 2018 was lower by 0.66 million tons compared to the
Illustration purposes only (Image courtesy of PTTEP) Thailand’s PTT Exploration and Production’s unit PTTEP Australasia hit gas at the Orchid-q, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia. Commenced in January this year, the drilling of the Orchid-1 was undertaken to a total depth of
zoomImage courtesy of NextDecade US LNG export project developer NextDecade Corporation signed a lease agreement with the Brownsville Navigation District (BND) for its Rio Grande LNG project. The lease agreement was considered and approved during a meeting of the BND Board of Commissioners, the company said in a statement on
Image courtesy of Jordan Cove LNG Jordan Cove LNG project led by the Canadian energy infrastructure company Pembina has reportedly signed non-binding deals in excess of its production capacity. The $10 billion project proposed for the export terminal in Coos County, Oregon has a planned capacity of 7.8 million ton
zoomImage courtesy of Indian Oil LNG The commissioning of Indian Oil Corporation (IOC) Ennore LNG terminal marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025. “IOCL has already secured captive customers for 2 mmtpa of capacity. The Ennore terminal will
Illustration purposes only (Image courtesy of Santos) LNG exports from the three liquefaction plants located on Curtis Island offshore Gladstone totaled 1.73 million tons spread across 26 cargoes in February 2019. The volume represents a 9.8 percent decrease compared to the 1.93 million tons reported in January 2019, data from