Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets. Courtesy of Inpex Australia Inpex noted that the majority of its writedown was on the Shell-led Prelude FLNG project, approximately $1.24 billion. The remaining loss of $84.4 million was
The distribution of liquefied natural gas (LNG) as fuel for long-distance haulage has only recently started gaining momentum in Germany. Courtesy of Iveco The segment has been experiencing a boom across Europe for a while, German LNG Terminal, the joint venture aiming to build and operate an LNG terminal in
Sumitomo Heavy Industries Marine & Engineering Co., a wholly-owned subsidiary of Sumitomo Heavy Industries, was granted an Approval in Principle (AiP) from Lloyd’s Register for a medium-size tanker equipped with a high-pressure LNG dual-fuel system. Image courtesy: Sumitomo Heavy Industries High-pressure LNG that has been pressurized to approximately 300 bar
July 2020 LNG exports from the three liquefaction plants located on Curtis Island off Gladstone remained flat. Courtesy of APLNG Gladstone Ports Corporation’s shipping data shows that the three liquefaction plants exported a total of 25 cargoes during the month. In terms of volume, the 25 cargoes amounted to a
State-owned Pakistan LNG has secured an additional cargo for mid-Augusts in a swift procurement procedure. Courtesy of Pakistan LNG The company floated a tender and completed the process within a week, according to its tender documents. The company noted the cargo will be priced at 9.3421% of 3 months average
Exports from the Peruvian liquefied natural gas (LNG) facility in Pampa Melchorita jumped during the month of July 2020. Courtesy of Peru LNG Data from the state-owned Perupetro shows the facility exported a total of six cargoes during the month under review. The exported volumes reached 923,103 tons. This is
Estonian utility Eesti Gaas provided the truck-to-ship LNG bunkering operations for ESL Shipping bulk carriers Viikki and Haaga in the port of Hanasaari, Helsinki. Courtesy of Eesti Gaas The two sister vessels built in 2018, use liquefied natural gas as fuel in all engines, which together with hydrodynamic hull form
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted Shell’s plans for the Crux gas field offshore Western Australia. Courtesy of Shell Consisting of a platform and five production wells, the proposed Crux development would connect to the Prelude Floating Liquefied Natural Gas (FLNG) facility via a
Nikkiso Cryogenic Industries has been contracted to supply all the cryogenic pumps in a major liquefaction terminal under construction in Russia. Courtesy of Nikkiso The company noted that it has also established a new office in Moscow in order to support LNG and petrochemical customers in the Russian market, as