Spanish LNG terminal operator Enagas reported a 14.7 per cent rise in first-quarter profit as it saw no impact from the Covid-19 coronavirus pandemic. The company said net profit in the first quarter increased to 119 million euros ($128.8 million), up from 104 million euros in the same period a
China’s Avic Dingheng shipyard has started building the seventh liquefied natural gas-powered vessel ordered by Sweden’s Gothia Tanker Alliance. Image courtesy of Gothia Tanker Alliance The Chinese yard held a keel ceremony for the dual-fuelled product and chemical tanker on April 18, according to Swedish shipowner Furetank. Furetank is a
Japanese imports of liquefied natural gas continued to decline this year and they dropped for the third consecutive month in March. Japan, the world’s largest importer of LNG, received 7.2 million tonnes of the fuel last month, down 1.2 per cent from a year earlier. March LNG imports cost Japan
Spain’s imports of liquefied natural gas (LNG) jumped in March 2020. Image courtesy of Enagás The country’s LNG terminal operator Enagás noted in its monthly report that LNG imports stood at 23.2 terawatt-hours (TWh) in March 2020. This compares to 16.3 TWh in March 2019. For the year so far,
Qatar’s Nakilat, the world’s largest liquefied natural gas shipper, reported an 18 per cent rise in its first-quarter profit. Image courtesy of Nakilat Nakilat said Monday its net profit reached 279.5 million Qatari riyals ($76.7 million) in the January-March period. Quarterly revenue also increased by 13 per cent year-on-year to
Keppel Data Centres said on Monday it has signed deals with Australia-based Toll Group and Dutch Vopak to study the feasibility of developing a floating data park and LNG-to-power infrastructure in Singapore. Under the memorandum of understanding, Keppel Data Centres and Toll Group will explore the development of a near-shore
SOHAR Port and Freezone became the first Middle Eastern port to join the multi-sector industry coalition SEA-LNG. SOHAR joins SEA-LNG to promote its investment in LNG bunkering facilities and the use of LNG as a marine fuel. MARSA LNG, a venture comprised of TOTAL and OQ, is currently developing an
French liquefied natural gas containment specialist GTT reported a 74 per cent rise in first-quarter revenue as new orders keep pouring in. GTT, which is about 40 per cent owned by French utility Engie, said its revenue reached 102.5 million euros ($111.2 million) in the first quarter of this year.
Australian liquefied natural gas (LNG) exports will survive in the current Coronavirus-hit environment but will not thrive, energy consultancy EnergyQuest said in its report. Image courtesy of Santos Australian LNG facilities have exported a total of 6.8 million tonnes in March 2020, the report says. This equates to 101 cargoes.