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Spain’s Enagas logs 14.7% profit hike

21 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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

Construction starts on Gothia Tanker Alliance LNG-powered tanker

21 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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

Japan’s monthly LNG imports continue to decline

21 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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 LNG imports jump in March

21 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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 sees Q1 profit rise

20 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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

Trio studies Singapore floating data park, LNG power

20 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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

BP inks LNG supply deal with China’s Foran Energy

20 Apr No Comments gregsamuel_e5x9azx4 LNG World News

UK-based energy giant BP has signed a liquefied natural gas supply deal with Chinese city gas supplier Foran Energy. Image courtesy of Foran Energy Foran and BP’s Chinese unit signed the deal via a video conference on April 17. Under the agreement, BP will be supplying up to 600,000 tonnes

SOHAR port joins SEA-LNG coalition

20 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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

GTT first-quarter revenue up

20 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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.

EnergyQuest: Australian LNG exports better than expected

20 Apr No Comments gregsamuel_e5x9azx4 LNG World News

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.

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