Image courtesy of Cheniere Houston-based LNG exporter Cheniere Energy reported a jump in profit for the quarter ending December 31, 2019. The company reported a net income of $939 million, which compared to $67 million for the comparable 2018 period. Net income increased primarily due to increased total margins, increased
Image courtesy of Venture Global LNG U.S. LNG export project developer Venture Global LNG has signed a deal with Électricité de France (EDF) for the supply of LNG from the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. Under the sale and purchase agreement (SPA) EDF is set to receive
Yamal LNG (Image courtesy of Novatek) The Novatek-operated Yamal LNG project located in the Russian Arctic said Wednesday that it has shipped its thirtieth million ton of the chilled fuel since the start of the project. The Arc7 ice-class tanker “Nikolay Yevgenov” loaded the 411th cargo as the project reached
Image courtesy of Golar LNG LNG shipper Golar swung to a profit in the fourth quarter reporting an income of $24.8 million which compared to the $312.9 million loss in the corresponding quarter of 2018. Golar’s time charter equivalent (TCE) rate reached $77,000 per day in the fourth quarter negatively
Image courtesy of MOL South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and Mitsui O.S.K. Lines of Japan said on Wednesday that the duo had signed a strategic cooperation deal to develop technologies and solutions for the digitalization of LNG FSRU. Through this collaboration, new “innovative solutions” will be developed
Image courtesy of Enagás Spain’s imports of liquefied natural gas (LNG) soared in January when compared to the corresponding month last year, according to the monthly data by the LNG terminal operator Enagás. LNG imports reached some 21.2 terawatt-hours (TWh) in January 2020 as compared to 9.3 TWh in January
Image courtesy of GTT / Roland Mouron French LNG containment specialist GTT has been contracted to design liquefied natural gas tanks for an LNG carrier pair being built for the Japanese shipowner K Line. The vessels are being constructed at the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group), GTT said in its
zoomImage courtesy of Dunkerque LNG Dunkerque LNG the operator of France’s Dunkirk liquefied natural gas (LNG) import terminal is commissioning Europe’s first automated tank-truck LNG filling station. This supply project forms part of the €50 million ($54.4 million) investment plan announced in February 2019 for the next three years. The
Tallink’s existing LNG fuelled ferry, Megastar (Image courtesy of Tallink) Norwegian maritime solutions provider Høglund Marine Solutions has been contracted to supply fuel gas supply systems (FGSS) to Rauma Marine Constructions (RMC) for Tallink Grupp’s newest LNG powered ferry, MySTAR. Høglund will work with Finnish tank manufacturer West Welding