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Freeport LNG seeking permit to delay Train 4 development

31 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Sound Energy garners cash to pursue Moroccan LNG project

31 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Impairments deepen Total’s Q2 loss

30 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Shell’s second-quarter LNG sales drop

30 Jul No Comments gregsamuel_e5x9azx4 LNG World News

The Hague-based LNG giant Shell logged a 7 percent decline in its liquefied natural gas sales during the second quarter of this year as it reported a huge quarterly loss. Murex LNG carrier (Image: Shell) Shell announced on Thursday a loss of $18.1 billion for the second quarter due to

US extends LNG export term to 2050

30 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

GTT sees revenue rise as it continues to book new orders

30 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Novatek logs 40 percent plunge in quarterly profit

30 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Renergen completes Virginia gas plant design

29 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Gasum claims another LNG bunkering first

29 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

Report: B.C. in the Canadian LNG industry limelight

29 Jul No Comments gregsamuel_e5x9azx4 LNG World News

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

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