zoomIllustration purposes only (Image courtesy of Summit Corporation) Japan’s Mitsubishi Corporation has agreed to acquire a 25 percent interest in Summit LNG Terminal, a Summit Corporation unit, developing an FSRU-based import terminal in Bangladesh. With the acquisition, 75 percent of Summit LNG will be held by Summit Corporation and 25
zoomImage courtesy of SHI South Korean shipbuilder Samsung Heavy Industries booked an order from Celsius Tankers for two liquefied natural gas carriers, securing an option for further two vessels. The vessels will have the capacity to transport 180,000 cubic meters of the chilled fuel, and are priced at $187 million
Image courtesy of Cheniere Liquefied natural gas (LNG) exports from the United States declined during the week ending August 15, according to the Energy Information Administration. Six LNG cargoes with a combined LNG-carrying capacity of 21.8 billion cubic feet (Bcf) departed the two US LNG export terminals currently exporting the shale
zoomImage courtesy of Pieridae Energy Swiss trading company Axpo Group agreed a term-sheet with the Canadian LNG project developer Pieridae Energy to negotiate a sales and purchase deal for volumes from Goldboro LNG project in Nova Scotia. According to Axpo’s agreement, the trader is looking to agree the delivery of 2.5
zoomImage courtesy of Origin Australia’s power and gas retailer, Origin Energy, swung to a profit for the financial year of 2018, benefiting from a full year of operations from APLNG’s two liquefaction trains and higher commodity prices. The company reported a profit of A$218 million ($158.4 million) for the financial
Illustration purposes only (Image courtesy of Cheniere) State-owned PetroChina could pull the plug on winter spot LNG cargo purchases from the United States amidst the Chinese government’s proposed tariffs. Bloomberg cites sources close to the matter as saying that the Chinese company would turn to purchasing spot cargoes from other regions
Rendering of Tellurian’s Driftwood LNG near Lake Charles, Louisiana (Image courtesy of Tellurian) Tellurian putting together Driftwood LNG pieces The Houston-based LNG export project developer Tellurian is moving towards the start of the construction of its Driftwood LNG during the first half of next year. Sempra plunges to loss on
Illustration purposes only (Image courtesy of Wärtsilä) LNG charter rates during the summer of 2018 remained strong while the rates for spot charters bumped up during the second quarter of the year hitting their peak since 2012, a report by the shipping consultancy Drewry says. Shipowners with modern DFDE vessels chartered
Image courtesy of Nakilat Zeebrugge liquefied natural gas terminal operated by Fluxys is scheduled to receive a cargo from Qatar later in the month. The 210,000-cbm Al Sadd has departed Qatar’s Ras Laffan liquefied natural gas complex on July 31 and is currently sailing in the Mediterranean Sea. According to the
The Australia Pacific LNG facility on Curtis Island (Image courtesy of ConocoPhillips) The Australia Pacific liquefied natural gas (LNG) export plant located on Curtis Island in Queensland will partially shut down for maintenance works in September. The two-train 9 mtpa liquefaction plant will close half of a train on September 10,