zoomImage courtesy of Medgaz The Spanish utility company, Naturgy and Algeria’s Sonatrach have entered into an agreement with Mubadala for the acquisition of the 42.09 percent stake that it holds in Medgaz. Following the completion of the transaction, Medgaz will be entirely owned by Sonatrach with a 51.0 percent stake
Image courtesy of XPO Logistics XPO Logistics, a provider of transportation and logistics solutions, has expanded its LNG-fueled fleet with the purchase of 100 Stralis Natural Power Euro VI tractors from IVECO. The new tractors will be dedicated to the company’s less-than-truckload network in France, serving customers in the Greater
Image courtesy of APPEA The natural gas industry contributed around $55 billion to Queensland’s economy over seven years, according to a new report released today by Lawrence Consulting. The report, published on the website of the Australian Petroleum Production & Exploration Association (APPEA), claims that almost $5 billion was spent on wages
Illustration purposes only (Image courtesy of Qatargas) Five South Korean shipping companies could partner up to secure liquefied natural gas transportation services for Qatar’s LNG production capacity expansion project. Citing industry sources, Yonhap News Agency, reported that Korea Line Corp, Pan Ocean, Hyundai LNG Shipping, SK Shipping and H-Line Shipping
Image courtesy of Dharmendra Pradhan/Twitter U.S. energy giant ExxonMobil has signed a memorandum of understanding with the Indian Oil Corporation to expand LNG cooperation in India. In a brief statement through his social media channels, India’s minister of petroleum and natural gas, Dharmendra Pradhan, said the companies intend to introduce
Image courtesy of GSPC Mundra LNG terminal project in India’s Gujarat state could finally be commissioned in December. The facility, inaugurated by India’s prime minister Narendra Modi in October last year, ran into a roadblock due to a dispute between Gujarat State Petroleum Corp (GSPC) and Adani Group. Press Trust
zoomImage courtesy of Total Total, the world’s second-largest LNG player, has expanded its partnership with India’s energy and infrastructure conglomerate Adani Group for the development of the Indian natural gas market. The Indian natural gas market is currently only seven percent of the country’s energy consumption but has grown over
Illustration; Image courtesy of Petroliam Nasional Berhad (Petronas) Malaysian energy giant Petronas has completed its third delivery of liquefied natural gas (LNG) cargo through its break-bulking ship-to-ship (STS) transfer to two buyers. Petronas said that the LNG break-bulking STS transfer was completed through its subsidiary Petronas LNG in Brunei Bay,
Darwin LNG plant (Image courtesy of Santos) LNG player Santos has expanded its position in northern Australia following an agreement with ConocoPhillips to acquire the latter’s operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for $1.39 billion. The arrangement also includes a $75 million contingent payment subject to FID
zoomImage courtesy of NNPC The Nigerian National Petroleum Corporation (NNPC) signed a $2.5bn pre-payment agreement with Nigeria LNG for upstream gas development projects to supply gas to NLNG Trains 1 – 6. NNPC’s general managing director, Mallam Mele Kyari said the agreement will help resolve the issues regarding gas supply