Chinese shipbuilding giant China State Shipbuilding Corporation (CSSC) has won a deal for the construction of twelve dual-fuel tankers. The order was booked by Bank of Communications Financial Leasing (Bocomm Leasing) which has secured charters for the newbuilds from the energy major Shell. Source: CSSC Shell will charter the 120,000-ton
Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Image courtesy of Gazprom Gazprom’s net profit reached 1.2 trillion Russian roubles ($16.3 billion) last year. This compares to 1.46 trillion roubles in 2018. Operating profits also fell
The Port Authority of Almeria has launched a feasibility study as it is looking to start supplying liquefied natural gas to ferries using the truck-to-ship bunkering method. Balearia’s LNG-powered ferry in Almeria port (Image courtesy of Port Authority of Almeria) The Spanish port authority awarded a contract to a local
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Inpex’s plan for significant subsea modifications on the Ichthys LNG project off Australia. According to data from NOPSEMA, Inpex submitted the plan on 19 March 2020, and the decision to approve the plan was announced on 28 April.
US LNG export project developer NextDecade has extended the Rio Grande LNG EPC contract validity. Image courtesy of NextDecade To remind, in May last year, NextDecade signed two contracts with Bechtel for the engineering, procurement, and construction (EPC) of its LNG project in Brownsville, Texas. The contracts have a $9.5
India’s liquefied natural gas imports in March increased by 20.4 per cent when compared to the same month before. India imported 2.87 billion cubic meters of LNG last month compared to 2.38 billion cubic meters in March 2019, data from the oil ministry’s Petroleum Planning and Analysis Cell shows. During
US LNG export project developer, Tellurian has secured a $50 million financing in a push to build cash reserves. Driftwood LNG project developer noted that the financing has been secured through a deal to sell $56 million notes for gross proceeds of $50 million and provide the lender with warrants to purchase up
Polish liquefied natural gas (LNG) import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo on Tuesday. Image courtesy of Polskie LNG The terminal operator, Polskie LNG said in a brief statement through its social media channels that this was the 92nd delivery to the terminal.
A partnership consisting of Portugal’s Mota-Engil and Besix of Belgium has secured a contract for the Total-led $20 billion Mozambique LNG export project. Under the deal, the 50/50 partnership will build a pier bridge and an offloading facility for about $365 million, according to a Mota-Engil statement. The deal has