U.S. LNG project developer NextDecade and Chinese energy company ENN have executed a 20-year sale and purchase agreement for the supply of LNG from NextDecade’s Rio Grande LNG. Courtesy of NextDecade Under the SPA, ENN LNG will purchase 1.5 million metric tonnes per annum (MTPA) of LNG. The chilled fuel …
U.S. weekly LNG exports decreased by two vessels from last week, according to the U.S. Energy Information Administration (EIA) report. Courtesy of Cheniere In the latest Short-Term Energy Outlook, EIA reports that U.S. LNG exports dropped this week from the last report week. 23 LNG vessels departed the United States …
Surging oil, gas and power prices together with the European Union (EU)’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows. A concern in energy markets is that the ongoing war in Ukraine …
The first steel plates for Scandlines’ new zero-emission ferry were cut at the Cemre shipyard in Turkey on 4 April 2022. Image Courtesy: Scandlines “We have spent the last months getting agreements with subcontractors in place. Monday this week, the first piece of steel for our new ferry was cut …
In light of the war in Ukraine and amid rising concerns over energy security, the UK government has moved to strengthen its energy security through a new strategy announced by the government late on Wednesday, committing to support oil and gas projects in the North Sea and speed up the …
Finland’s ministries support the leasing of a floating LNG (FLNG) terminal together with Estonia to become independent from Russian gas. Illustration; Lithuania’s Klaipeda LNG terminal; Courtesy of Klaipedos Nafta At the meeting on 7 April, the government’s committee on economic policy (TALPO) advocated measures to lease a large LNG terminal …
A 1,036 TEU containership has reduced its greenhouse gas (GHG) emissions by 27% by operating on a blend of climate-neutral, synthetic natural gas (SNG) and conventional liquefied natural gas (LNG), compared to LNG alone. Photo: MAN ES Compared with heavy fuel oil (HFO), GHG emission reduction was even as high …
Italian offshore contractor Saipem has been awarded a $150 million maintenance contract for Eni’s Coral Sul FLNG offshore Mozambique. Courtesy of SHI The Arear 4 Partners incorporated Coral FLNG for liquefied natural gas production offshore Mozambique. The partners include Eni as the operator, in addition to ExxonMobil, CNPC, GALP, KOGAS, …
After confirming a rig slot to start mobilisation next month, Australia’s Western Gas has set all the wheels in motion to drill the Sasanof-1 high-impact exploration well on the North West Shelf. Back in February 2022, Western Gas confirmed it secured all necessary government approvals required to drill the Sasanof-1 …
LNG shipper Golar has sold a part of its shares in gas-to-power developer New Fortress Energy (NFE) to invest in FLNG projects. Illustration; Courtesy of Golar LNG On 6 April, Golar informed that it sold approximately one-third of the 18.6 million shares it holds in New Fortress. It received these …