Image courtesy of Ministry of Trade, Industry and Energy South Korean state-owned Kogas signed a long-term liquefied natural gas supply deal with the UK-based energy giant and LNG player BP. According to a statement by the South Korean Ministry of Trade, Industry and Energy, Kogas will be importing 1.58 million
Japan to break dependence from Middle East oil with $10bn LNG investment
Industry minister Isshu Sugawara; Image courtesy of IAEA Japan could invest up to $10 billion to advance wider use of LNG globally to alleviate the potential effects of heavy reliance on oil from the Middle East. Industry minister Isshu Sugawara is set to present the plan that includes funding such
Gaz System in talks with US partners for FSRU project
Image courtesy of Polskie LNG Polish gas grid and LNG terminal operator Gaz-System has already entered talks with a US LNG company concerning the deployment of an FSRU in Gdansk Bay, setting up the country’s second LNG import terminal. Speaking to Platts, Jakub Przyborowicz, coordinator of the Brussels office at
Snam secures stake in OLT LNG terminal
zoomImage courtesy of OLT Offshore LNG Toscana Italian natural gas transmission system operator Snam inked the deal with its compatriot regional utility, Iren, to acquire a 49.07 percent stake in the OLT Offshore LNG Toscana terminal off the Italian coast between Livorno and Pisa. The agreement provides for an assessment
India’s LNG imports jump in August
Image courtesy of Petronet LNG Imports of liquefied natural gas (LNG) into India rose in August when compared to the corresponding period last year. Data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) shows that 2.74 billion cubic meters have been imported during the month under review. This
Kosmos Energy confirms ‘world-scale gas resource’ offshore Senegal
Valaris DS-12 drillship; Image courtesy of BP Dallas-based Kosmos Energy has confirmed a ‘world-scale gas resource’ offshore Senegal following the drilling of the Yakaar-2 appraisal well. The Yakaar-2 well is part of the Yakaar-Teranga gas project located offshore Senegal. The partners in the project include Petrosen, BP, and Kosmos. Kosmos
Nauticor wraps up first SIMPOS LNG bunkering in Helsinki
zoomImage courtesy of Nauticor Hamburg-based Nauticor, a unit of Linde, together with Unifeeder completed a ship-to-ship bunkering of the LNG-retrofit Wes Amelie at the port of Helsinki, Finland. The world’s largest bunker supply vessel for liquefied natural gas (LNG) Kairos supplied the chilled fuel to the Wes Amelie at the
Total charters TMS Cardiff’s LNG carrier for seven years
Illustration; Image courtesy of TMS Cardiff Greek LNG-carrier operator TMS Cardiff Gas has entered into a minimum seven-year time charter contract with a unit of French oil and gas major Total. TMS Cardiff said that the charter for one of its eleven newbuilding X Carrier series vessels on order was
JERA cuts destination clause in renegotiated LNG deals
Image courtesy of JERA Japan’s LNG importing giant JERA has secured more flexibility with the renegotiation of several supply deals that included destination clauses. Speaking to Reuters, Sunao Nakamura, JERA’s managing executive officer, said the company has renegotiated several deals dropping the destination clause. Following Japan’s Fair Trade Commission ruling