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
Image courtesy of Enagás Spanish LNG terminal operator, Enagás reported a net profit of €333.1 million ($368.3 million) for the first nine months of 2019. This is a 2.3 percent bump compared to the profit recorded in the corresponding period last year, the company said in its report. This growth
Image courtesy of ACWA Power Saudi Arabia’s ACWA Power has signed a memorandum of understanding with the Bangladesh Power Development Board (BPDB) for an LNG-based power plant and terminal in Bangladesh. ACWA Power said on Tuesday that it would target the development of 3,600 MW gas-fired independent power plants representing
Image courtesy of Tractebel Tractebel has been selected as the owner’s engineer for the first phase of the expansion of the LNG terminal in Santo Domingo, Dominican Republic. Following the collaboration between AES and Tractebel on the Costa Norte LNG terminal in 2015-2017 (Panama), AES has again selected Tractebel., the