The Freeport LNG export project in Texas led by billionaire Michael Smith, has asked for additional time to develop the project’s fourth train. Courtesy of Freeport LNG Freeport LNG has completed the construction and has already placed in service the first three liquefaction trains at the facility located on Quintana
The UK-based Sound Energy has issued 129.4 million shares aiming to raise £2.75 million ($3.56 million) as it pushes forward with its Moroccan LNG project. The company noted it is also looking to place a further 82.4 million additional shares for £1.75 million. The net proceeds will be used to
Total reported an $8.4 billion loss for the second quarter of 2020, deepened by exceptional asset impairments of $8.1 billion. Courtesy of Total Commenting on the results Total’s CEO Patrick Pouyanne said, “During the second quarter, the group faced exceptional circumstances: the COVID-19 health crisis with its impact on the
The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the year 2050. Image: Cheniere This policy is a change from the current practice of granting 20-year LNG export terms. President Donald J. Trump announced
French LNG containment specialist GTT posted a 66.2 percent rise in revenue in the first half as it booked eighteen new orders. For illustration only (Image: GTT) The company said its revenue reached 203.8 million euros ($240 million) in the January-June period. Revenue benefited from the flow of orders over
Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Image: Novatek Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also dropped 34.1 percent to
South African domestic natural gas and helium producer Renergen has completed the design of the Virginia gas plant. Courtesy of Renergen The company noted the design has been completed 22 days ahead of schedule the company noted in its statement. This achievement marks the completion of the fourth major milestone
The Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany. Courtesy of Gasum Gasum delivered LNG to the world’s first LNG-fueled research vessel ATAIR, the company said on Wednesday. ATAIR is currently under construction at Fassmer shipyard in Berne/Motzen in Germany. The
British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19. Courtesy of LNG Canada Liquefying and exporting natural gas offers an important diversification opportunity, especially when the traditional export market, the United States, is becoming increasingly self-sufficient, a report by the Conference Board