Singapore’s Energy Market Authority (EMA) named ExxonMobil and Sembcorp as new term LNG importers. Courtesy of Singapore LNG Corporation EMA licenses term LNG importers to ensure that their import and supply of regasified LNG to gas users in Singapore on a term basis are competitive and reliable. There are currently
Saga Pure, a Norwegian green investment company that recently switched its focus from shipping to renewables, has committed to subscribe for NOK 30 million ($3.5 million) in a private placement of new shares in IC Technologies AS (ICT). Based in Trondheim, Norway, ICT is developing a storage solution for liquid
Aker Solutions and Doosan Babcock have agreed to jointly deliver low-carbon and renewable energy projects in the UK. Courtesy of Aker Solutions The partners will particularly focus on pursuing and winning contracts for new hydrogen production plants, and facilities for carbon capture, utilization and storage (CCUS). Opportunities for other projects
Italian energy infrastructure operator Snam has signed a memorandum of understanding with Mubadala Investment Company to collaborate on joint investment and development initiatives on hydrogen. Courtesy of Mubadala As part of the agreement, the two companies will carry out a number of assessment activities, including technical and economic feasibility studies
French major Total and MSC Cruises put pen to paper on a supply deal for the latter’s upcoming LNG-powered cruise ships to make calls in the port of Marseille. Courtesy of Total Under the agreement, Total will supply approximately 45,000 tons per year of LNG to MSC Cruises’ vessels. Commenting
Malaysian energy giant Petronas has hit a milestone with the first LNG cargo delivery from its second FLNG facility, PFLNG Dua, on Wednesday, March 24. Courtesy of Petronas The company noted in its statement this feat makes it the first company to produce LNG from two floating facilities. The cargo
Intercontinental Exchange said that the LNG freight futures contracts based on Spark Commodities’ price assessments which launched on March 22, traded on the first day. Illustration. Courtesy of Vitol First-day trading included 15 lots of Spark30S Atlantic and 15 lots of Spark25S Pacific LNG freight futures contracts for the June
Russia’s largest independent natural gas producer and LNG operator Novatek has secured a geological survey, exploration and production license for the North-Gydanskiy arctic block. Courtesy of Novatek This was executed through Arctic LNG 1, a subsidiary of Novatek. The the North-Gydanskiy block is located in the Yamal-Nenets Autonomous Region on
The Total-led Mozambique LNG project will progressively resume construction activities at the Afungi site. Courtesy of Total The French company noted in a statement on Wednesday that the activities will continue following the implementation of additional site security measures. After the security events that occurred in December 2020 near the
HMM Gaon; Image credit: HHI Hyundai Heavy Industries hosted a naming ceremony for the 16,000 TEU container ship HMM Gaon, at its headquarters in Ulsan on Monday, March 22. The colossal containership is the second newbuild from a batch of eight ships ordered by HMM. The start of the deliveries
