The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the year 2050. Image: Cheniere This policy is a change from the current practice of granting 20-year LNG export terms. President Donald J. Trump announced
French LNG containment specialist GTT posted a 66.2 percent rise in revenue in the first half as it booked eighteen new orders. For illustration only (Image: GTT) The company said its revenue reached 203.8 million euros ($240 million) in the January-June period. Revenue benefited from the flow of orders over
Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Image: Novatek Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also dropped 34.1 percent to
South African domestic natural gas and helium producer Renergen has completed the design of the Virginia gas plant. Courtesy of Renergen The company noted the design has been completed 22 days ahead of schedule the company noted in its statement. This achievement marks the completion of the fourth major milestone
The Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany. Courtesy of Gasum Gasum delivered LNG to the world’s first LNG-fueled research vessel ATAIR, the company said on Wednesday. ATAIR is currently under construction at Fassmer shipyard in Berne/Motzen in Germany. The
British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19. Courtesy of LNG Canada Liquefying and exporting natural gas offers an important diversification opportunity, especially when the traditional export market, the United States, is becoming increasingly self-sufficient, a report by the Conference Board
Norway-based shipping company Flex LNG has taken the delivery of its first newbuild carrier for this year and expects additional vessels to follow shortly. Image: Flex LNG South Korea’s Hyundai Samho Heavy Industries delivered the 174,000-cbm Flex Aurora on Wednesday. The LNG shipping company controlled by billionaire John Fredriksen said
Danish offshore drilling contractor Maersk Drilling has entered an agreement to invest $1 million in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology originally developed for the aerospace industry, which is now being deployed in a process
French private equity firm InfraVia Capital Partners has acquired European small-scale LNG player Molgas Energy. Image: Molgas The equity company completed the acquisition via its InfraVia European Fund IV, it said on Tuesday without revealing the financial details of the transaction. However, law firm Ashurst said last month it advised
New Zealand companies HamiltonJet and EV Maritime have signed a memorandum of understanding (MOU) to build advanced composite, battery-powered commuter ferries. The cooperation was formalised at HamiltonJet’s Christchurch headquarters in May, in the presence of Megan Woods, New Zealand’s Minister of Energy & Resources and Minister of Research Science &