French liquefied natural gas containment system specialist, GTT, reported a 53.1 per cent jump in its nine-month revenue. Courtesy of GTT GTT’s revenue for the first nine months of 2020 reached €305.6 million ($356.7 million). This compares to €199.7 million in the corresponding period in 2019. Commenting on the results,
Italian infrastructure operator Snam has signed MoUs with Israeli companies for collaboration in small-scale LNG and hydrogen. Courtesy of Snam The company said in its statement that it has entered the Israeli market through collaboration in the energy transition. In particular, the company will focus on natural gas sustainable mobility,
Liquefied natural gas (LNG) exports from the U.S. facilities increased during the seven days between October 22 and 28. Courtesy of Cheniere According to the data released by the U.S. Energy Information Administration, a total of sixteen LNG tankers departed the export facilities. The vessels had a combined LNG-carrying capacity
The U.S. Department of Energy (DOE) extended the terms of three long-term liquefied natural gas (LNG) export authorizations through 2050. Courtesy of Cheniere The authorizations follow seven LNG export term extensions issued last week pursuant to an export term policy statement DOE finalized in July. DOE has received a strong
Indian Register of Shipping (IRClass) has classed India’s first FSRU marking a milestone in India’s energy shift towards natural gas. Courtesy of IRClass Constructed at Hyundai Shipyard in Ulsan, South Korea, the 180,000-cbm FSRU which is flagged in India, is designed for continuous operations without the need for drydocking over
Oil major and LNG giant Shell saw its third quarter 2020 earnings decrease when compared to the last year’s third quarter amid lower oil price environment but the oil major decided to increase its dividend. Shell on Thursday said that the income attributable to its shareholders was $0.5 billion for
The developers behind the Woodfibre liquefied natural gas (LNG) export project on Canada’s West Coast has been granted a permit to postpone the start of construction. Courtesy of Woodfibre LNG In its notice, the Environmental Assessment Office noted the deadline for the construction stat is October 26, 2025. The initial
Avenir LNG said its recently delivered LBV Avenir Advantage has been delivered to its owner, Future Horizon. Courtesy of Avenir LNG Avenir LNG, a joint venture between Stolt-Nielsen, Hoegh LNG and Golar LNG, reminded the vessel has been chartered to Petronas for a three-year period. Avenir Advantage, a dual-purpose LNG
French liquefied natural gas containment systems specialist GTT has secured a new order for its tank design. Courtesy of GTT/Roland Mouron The company has been contracted by the Russian shipyard, Zvezda Shipbuilding Complex to design tanks for ten ARC7 ice-breaking LNG carriers. While GTT did not unveil the name of