San Diego-based Sempra Energy has agreed to sell a 20 per cent equity stake in Sempra Infrastructure Partners to KKR for $3.37 billion. Energía Costa Azul regasification terminal in Baja California, Mexico (Courtesy of Sempra Energy) Sempra noted in its statement that the sale of its non-controlling interest values Sempra
Sanmar Shipyards signing ceremony; Image credit: Sanmar Shipyards Turkish shipbuilder Sanmar Shipyards has signed a contract for the construction of six vessels with the Port Qasim Authority (PQA) in Pakistan. The $33.46 million deal includes four high-performance tugboats and two pilot boats. The ships will form part of the Kocacay
Ertuglrul Gazi, the first Turkish-flagged floating storage and regasification unit (FSRU), will enter Turkey waters in April. Courtesy of Botas Turkish oil and gas pipeline operator BOTAŞ ordered the construction of a FSRU from Hyundai Heavy Industries back in 2018. The FSRU ship has been named after the father of
China State Shipbuilding Corporation (CSSC) has won its single largest contract for the construction of large containerships worth over CNY 10 billion ($1.52 billion). The Chinese shipbuilding major said that the order covers the construction of thirteen 16,000 TEU LNG-ready containerships. The construction work will be split between the company’s
Malaysian oil and gas giant Petronas has declared force majeure on its Yetagun field, located offshore Myanmar, due to a significant decline in output. Yetagun platform off Myanmar; Source: PTTEP Petronas said on Friday that its subsidiary, PC Myanmar (Hong Kong) Limited (PCML), had declared Force Majeure on its Yetagun
Höegh LNG’s floating storage and regasification unit (FSRU) Höegh Giant has set off on its journey from Singapore to India. Courtesy of Höegh LNG The vessel will serve H-Energy’s LNG import terminal at Jaigarh port under a 10-year charter deal. Höegh Giant underwent minor modifications at the Keppel Shipyard in
Spanish ferry operator Baleària has selected its LNG-fueled ferry Hypatia De Alejandria to operate the route between the Spanish town of Motril and the Spanish autonomous city of Melilla in North Africa. Courtesy of Baleària The 26,000 gross ton Hypatia de Alejandría is the first of the Baleària fleet to
Sacyr Fluor, a unit of Sacyr Engineering and Infrastructures, has secured two LNG terminal deals with Fluxys and Elengy. Courtesy of Sacyr Fluor The company noted it has started the execution of respective contracts for the two companies in Belgium and France. Under the agreement with Fluxys, Sacyr Fluor will
According to the U.S. Energy Information Administration weekly report, liquefied natural gas exports from the U.S. increased another week, boosting Henry Hub prices. Courtesy of Freeport LNG For the period between 25 and 31 March 2021, in its latest Short-Term Energy Outlook, EIA reports that Henry Hub spot prices rose