Image courtesy of PTT LNG Thai state-run oil and gas company PTT could up its LNG trading efforts seeing the demand from China, Vietnam, and Myanmar growing. The decline in demand from Japan, South Korea, Taiwan as well as domestically in Taiwan prompted the company to look elsewhere. Bangkok Post
Petronas posts Q1 profit, LNG sales rise
zoomImage courtesy of Petronas Malaysian energy giant Petronas reported a 26 percent jump in its profit for the first three months of the year. The company’s profit after tax reached 13.0 billion Malaysian ringgit ($3.3 billion) on the back of higher revenue, the company said, adding that its revenue grew
Adriatic LNG calls for flexibility to boost terminal utilization rates
zoomImage courtesy of Adriatic LNG Flexibility tools have to be offered by European LNG terminal operators in order to boost the competitiveness and the utilization of LNG infrastructure in Europe. Speaking at an event in Italy, Adriatic LNG’s commercial manager Corrado Papa, said,“at the moment, in Europe, the infrastructures with
Stena RoRo orders new LNG ferry, signs 10-year charter
zoomImage courtesy of Stena RoRo Göteborg-based Stena RoRo placed an order for a new LNG-fueled RoPax class ferry with the Chinese shipyard AVIC International and signed a 10-year charter deal with Brittany Ferries. The vessel, sixth in the so-called Stena E-Flexer RoPax class is set for delivery in autumn of 2021,
Snam, BHGE agree micro-LNG infrastructure development
zoomImage courtesy of BHGE The Italian natural gas transmission system operator, Snam and Baker Hughes, a GE company, agree to develop micro-liquefaction infrastructure to boost heavy-duty trucks and maritime transportation in Italy. Snam and BHGE will determine by the end of 2018 the feasibility of the future development of four small-scale
Shell opens its 1st Belgian LNG truck station
zoom The Hague-based energy giant Shell on Monday opened its first liquefied natural gas (LNG) truck refuelling station in Belgium. The station is located in Herstal, Liège near the three-border point at the E313, a key route for international road freight. It has a capacity of 3.5 KT of LNG and can
China LNG Group buys 275 LNG tank containers
zoomImage courtesy of CIMC Enric China LNG Group signed a deal with CIMC Enric Holdings for the purchase of 275 LNG tank containers for a total consideration of 126 million Chinese yuan renminbi ($19.7 million). Under a strategic cooperation deal between the two companies, China LNG Group agreed to purchase
Power generation, transport to push gas growth, Gazprom’s head says
zoomAlexey Miller (Image courtesy of Gazprom) Growing role of gas in the global energy mix is to come primarily from power generation and transport, Gazprom’s head Alexey Miller said. Speaking at an economic forum in St. Petersburg, Miller said that in regards to power generation, it is a “cost-effective and viable
Japan eyeing Yamal LNG participation
zoomShinzo Abe during the press conference on his visit to Russia (Image courtesy of Prime Minister of Japan Office) Japan is considering the option of joining the Novatek-led Yamal LNG project the country’s prime minister told at an event in St. Petersburg. Russian news agency Sputnik quoted Shinzo Abe as
Top news of the week May 21-26
Image courtesy of Höegh LNG Total to come on board Novatek’s Arctic LNG 2 project France’s Total could jump onboard the Arctic LNG 2 project being planned by Russia’s largest independent natural gas producer Novatek. Venture Global bags long-term LNG supply deal with BP Venture Global LNG, signed a deal