zoomImage courtesy of Klaipedos Nafta Lithuanian Parliament on Tuesday approved the amendments of laws initiated by the Ministry of Energy, aimed at reducing the annual costs of LNG terminal operating costs by the acquisition of the FSRU vessel. The Seimas approved the proposal regarding long-term LNG import by acquiring the
zoomIllustration purposes only (Image courtesy of Freeport LNG) North America will lead the next wave of global LNG project sanctions in 2019, according to a report by the research and consultancy group Wood Mackenzie. Three US Gulf Coast developments, Sabine Pass train 6, Golden Pass and Calcasieu Pass, are expected to reach
Image courtesy of Novatek Russia’s largest independent natural gas producer, Novatek, signed a memorandum of strategic cooperation on the Arctic LNG 2 project with the Italian financial insurance specialist SACE. Under the agreement, the two companies aim to establish long-term cooperation on Novatek’s Arctic LNG 2 project as well as
Image courtesy of Bechtel Chevron-led Angola LNG project has resumed with the production of liquefied natural gas from its Soyo facility following a shutdown. Angola LNG spokeswoman told LNG World News the shutdown took place due to a ‘minor intervention’, without providing further detail. No timeline was given for the loading of the
zoomImage courtesy of Saipem Italian oil and gas industry contractor Saipem has secured a €2.2 billion ($2.5 billion) contract for Russian Novatek’s Arctic LNG 2 project. In a joint venture with Renaissance, a Turkish oil and gas services company, Saipem has been awarded an onshore engineering and construction project to build
Image courtesy of Cheniere Houston-based LNG exporter Cheniere Energy signed a liquefied natural gas sale and purchase agreement with Petronas LNG, a unit of the Malaysian state-owned oil and gas company, Petronas. Petronas LNG has agreed to purchase approximately 1.1 million tons per annum of LNG from Sabine Pass liquefaction
zoomIllustration purposes only (Image courtesy of Saipem) Italian oil and gas industry contractor Saipem could lock in a deal with Russia’s largest independent natural gas producer Novatek for Arctic LNG 2 offshore platforms. Citing sources, Reuters reports the deal could be signed during the week. Novatek is already looking to
zoomImage courtesy of Sovcomflot Russia’s largest shipping company Sovcomflot has completed its 2018 financing plan with a new $264 million six-year credit facility. The credit facility is being used for the early refinancing of a balloon payment due on one of the group’s tanker loan facilities maturing in 2019, whilst it
Image courtesy of Dunkerque LNG France’s Dunkirk liquefied natural gas (LNG) import terminal reached a milestone last week as it hit a record daily send out volumes. In a brief statement through its social media channels, Dunkerque LNG, the terminal operator, said the daily send out volumes to the gas grid
Illustration purposes only (Image courtesy of Gazprom) Russia is set to commission its first floating storage and regasification unit (FSRU) at the Kaliningrad province bordered by Poland and Lithuania on the Baltic coast. The project led by the Russian giant Gazprom is aimed at securing supply to the region should