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Total joins other majors in slashing spending

23 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Total French energy and LNG giant Total has decided to reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and oil price downturn. With this move, Total is joining a growing number of energy companies, such as Shell, doing similar measures to

Polish LNG terminal receives Qatari cargo

23 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Polskie LNG Polish sole liquefied natural gas (LNG) import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo on Monday.  It was the 88th delivery since the project started operation, Polskie LNG said in a brief statement through its social media channels. It

Santus cuts spending in response to COVID-19 outbreak

23 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Santos Australian LNG player Santos has decided to cut its spending by $550 million in 2020 in response to the current environment.  The company added that in addition to the 38 percent capital expenditure cut it will also reduce its 2020 production costs by $50 million and

Shell to slash costs and reduce spending

23 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoom The Hague-based LNG giant Shell said on Monday it plans to heavily reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and tumbling oil prices. Shell said in a statement it would reduce 2020 cash capital expenditure to $20 billion or below from a

Ithaca returns Eidesvik’s LNG-fueled PSV early

23 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Wärtsilä Norway’s Eidesvik Offshore will see Viking Princess, its LNG-fueled offshore supply vessel, return early from its deployment for Ithaca Oil and Gas. The vessel, the first-ever offshore supply vessel in which batteries reduce the number of generators aboard the ship, was serving a one-year deal with

Top news of the week March 16-21

22 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Commonwealth LNG Golar Power to build LNG terminal in Port of Suape Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, signed a protocol of intentions with the Pernambuco government to develop an LNG import terminal in the Port of Suape, in the northeast

Sound Energy gets environmental permit for Moroccan project

20 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Sound Energy Sound Energy, the Moroccan focused upstream gas company, said it has received the EIA approval and land corridor rights from the Moroccan Ministry of Energy, Mines and Environment for the Tendrara Gas Export Pipeline project. Earlier in February, said it has shifted its focus to

Torrent Power seeking LNG cargoes for 2021

20 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Sugen Power Plant (Image courtesy of Torrent Power) Torrent Power, India’s private power utility, is reportedly seeking delivery of multiple cargoes throughout 2021. Citing industry sources, Reuters reports the company is looking to purchase up to 12 cargoes of the chilled fuel. In a tender closed on March 18, the

India’s February LNG imports soar

20 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Petronet LNG Imports of liquefied natural gas (LNG) into India soared during the month of February.  Data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) shows that 3.45 billion cubic meters of LNG have been imported into India during the month under review 67.7 percent

Jordan Cove LNG receives FERC approval

20 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Jordan Cove LNG Calgary-based Pembina Pipeline Corporation received approval from the U.S. Federal Energy Regulatory Commission (FERC) for the proposed Jordan Cove LNG terminal and Pacific Connector Gas Pipeline. Jordan Cove is the first-ever U.S. West Coast natural gas export facility to be approved by FERC, the

Finland’s Gasum in domestic biogas deal

20 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Gasum Finnish state-owned gas company Gasum said on Friday it had entered into a deal with the cleantech company Forchem to supply liquefied biogas (LBG) for the latter’s tall oil biorefinery in Rauma. To remind, the two companies signed a liquefied natural gas (LNG) supply deal for

Chinese Yantai LNG given government approval

19 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomIllustration purposes only (Image: Pixabay) Yantai LNG Group, a Chinese outfit, has been granted an approval to develop a liquefied natural gas terminal in the Shandong province.  Citing the company’s executive director Eric Wang, Reuters reports Yantai LNG is set to float a tender for the construction of the facility

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