Image courtesy of NextDecade US LNG export project developer NextDecade Corporation and Mubadala Investment Company, have reached an agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. NextDecade will issue the common stock to Mubadala at a price of $6.27 per share, the company
Image courtesy of MOL Gas Entec, a unit of Atlantic Gulf & Pacific Company (AG&P), has secured a contract from Sembcorp Marine Integrated Yard (Sembcorp Marine). Under the contract, Gas Entec will provide the engineering, procurement and construction (EPC) of the cargo handling system for a 12,000 cubic meter LNG
zoomImage courtesy of SEA\LNG SEA\LNG, the coalition pushing the adoption of liquefied natural gas (LNG) as a marine fuel, has been joined by the Canadian LNG provider FortisBC. FortisBC brings to the coalition nearly 45 years’ experience in LNG production in Western Canada, SEA\LNG said in its statement. It owns
zoomImage courtesy of TechnipFMC LNG engineer TechnipFMC reported an increase in revenue for the third quarter of the year. In its quarterly report, TechnipFMC said its revenue for the third quarter reached $3.36 billion, 6.1 percent above the $3.14 billion reported in the corresponding quarter last year. The profit for
Illustration purposes only (Image courtesy of Port of Vancouver) The Canadian province of British Columbia has teamed up with the Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG bunkering service on the west coast of North America. The province said in its statement said the move
zoomImage courtesy of EIA Rapid growth in China’s natural gas consumption has outpaced growth in its domestic natural gas production in recent years. China’s natural gas imports, both by pipeline and as liquefied natural gas (LNG), accounted for nearly half (45 percent) of China’s natural gas supply in 2018, an
Port of Ras Laffan; Image courtesy of Qatar Petroleum Qatar Petroleum, the world’s largest LNG producer, has begun the supply of very low sulfur fuel oil (VLSFO) at the Ras Laffan port. Qatar Petroleum said that the VLSFO marine fuel offering was initiated in advance of the International Maritime Organization
DOT 113 rail car; Image courtesy of Chart Industries The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), has published a notice of proposed rulemaking regarding the transportation of LNG. PHMSA said that the proposed rule would seek comments
Image courtesy of JERA JERA Global Markets, a joint venture between Japan’s JERA and EDF Trading, has reportedly issued a tender to purchase up to 0.5 million mt of LNG over January-March 2020. According to S&P Global Platts, the tender closes on Thursday. It was unclear Tuesday whether the tender
One of Jera’s LNG carriers; Image courtesy of KHI Japan’s LNG importing giant JERA has entered into a memorandum of understanding with Vietnam Electricity (EVN) concerning cooperation in the LNG value chain business. Under the MOU, JERA and EVN will discuss joint procurement of LNG, development of LNG receiving terminal