Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission. Courtesy of Costa Cruises The funds have been secured through the Connecting Europe Facility (CEF) mechanism, which promotes more sustainable and efficient transport. Specifically, the European Commission will support
Liquefied natural gas exports from the United States remained flat over the previous week. Courtesy of Cheniere Data from the United States Energy Information Administration (EIA) shows seven cargoes departed U.S. LNG export plants. The tankers departing during the week ending July 29, had a combined LNG-carrying capacity of 25
Australia’s power and gas retailer Origin Energy reported a slip in revenue as Australia Pacific LNG boasted record production in FY2020. Courtesy of Origin Energy The company noted its APLNG revenue for the financial year 2020 declined 5 per cent to $2.65 billion from $2.79 billion. The record production of
Ørsted and its partners have secured funding for the Westküste 100 renewable hydrogen project in Germany. The partners received funding confirmation from the German Federal Ministry of Economic Affairs and Energy as the first large-scale hydrogen project in Germany within the Reallabor (real-world laboratory) framework. The Westküste 100 project aims
Reliance Bangladesh LNG & Power have secured funds for a gas-fired power generation project in Bangladesh. Courtesy of Samsung C&T Reliance Power and JERA have a 51 per cent and 49 per cent stake in the project company, respectively. The project company has signed a loan agreement for full financing
Hill International has been selected as the owner’s engineer for the Cyprus LNG import terminal project. Courtesy of Ministry of Energy, Commerce and Industry of Cyprus The company has been selected by the Natural Gas Infrastructure Company of Cyprus (ETYFA) to lead an international consortium. With a budget of over
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
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
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
