zoomImage courtesy of Bechtel Australian Competition and Consumer Commission (ACCC) noted that the 2020 supply-demand outlook in the east coast gas market has improved and LNG netback prices have decreased. However, in its Gas Inquiry 2017-2025 Interim Report, ACCC said that the domestic prices remain high and there is significant
Image courtesy of Petronas Petronas’ second floating LNG unit, the PFLNG Dua has set sail from South Korea on its maiden voyage to the Rotan gas field, located offshore Sabah, Malaysia. The milestone followed closely after the official naming ceremony of the vessel, the company said in its statement. The
zoomImage courtesy of EIB European Investment Bank (EIB) signed 445 million Swedish Krona ($45.7 million) loan with Ystad to expand harbour facilities to accommodate LNG vessels on the Swinoujscie-Ystad line can access the harbour. The port in the southern-Swedish town is a connection point to the Polish Port of Swinoujscie
Image courtesy of Nakilat Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported a 12.4 percent rise in profit for the year 2019. The company noted its net profit reached 1 billion Qatari Riyals ($275.5 million) in 2019, which compares to 892 million Qatari Riyals ($245 million)
zoomIllustration purposes only (Image courtesy of New Fortress Energy) New York City-based New Fortress Energy has signed a 25-year power purchase agreement with Distribuidora de Electricidad del Norte and Distribuidora de Electricidad del Sur, Nicaragua’s electricity distribution companies. As part of the agreement, New Fortress will construct a natural gas-fired
zoomImage courtesy of Eni ALP Maritime Services (ALP) has been selected by a joint venture between TechnipFMC and JGC to provide a spread of five vessels related to the Coral South FLNG project. ALP’s project involvement includes the towage operation from South Korea to Offshore Mozambique, by three of ALP’s
Image courtesy of LNG Canada Marine and engineering company LOC Group recently signed a multi-year contract with LNG Canada to provide marine warranty surveyor (MWS) services and vessel quality assurance on the project. LOC will oversee the transportation of more than 200 modules being shipped to the construction site, from
zoomImage courtesy of Sound Energy Sound Energy, the Moroccan focused upstream gas company, said it has shifted its focus to pursuing a micro LNG production plan for the TE-5 Hirst field within the Tendrara production concession. The company said it is still continuing to pursue the full development plan underpinning
Image courtesy of Simon Møkster Shipping Stavanger based shipping company, Simon Møkster Shipping has secured a new contract for its LNG-fueled PSV with Equinor. The LNG-fueled PSV Stril Pioner’s new contract will start in direct continuation of the existing contract with Equinor, the company noted in its statement. The firm
Image courtesy of Exmar Belgium’s Exmar, the Nicolas Saverys-led shipowner, said that the outbreak of the Coronavirus (Covid-19) in China has caused a delay in receiving Tango FLNG funds. To remind, the shipper has agreed a $40 million loan deal with the Bank of China. However, the outbreak of the