Image courtesy of GAIL State-run gas company GAIL India has reportedly offered a couple of U.S. liquefied natural gas cargoes for sale. Citing sources, Reuters reports the pair of cargoes will be loaded at Dominion’s Cove Point LNG facility on November 10-12 and December 16-18. Both cargoes are set for
Illustration purposes only (Image courtesy of DSME) Tight vessel supply and seasonal firmness in demand have pushed LNG shipping rates to $130,000/day from $80,000/day at the end of September. Furthermore, the upward momentum in rates is expected to be maintained in the fourth quarter of 2019 due to a reduction
Image courtesy of Inpex Japan’s Inpex Corporation with its joint venture partner Shell, signed an amendment and extension to the Masela block production sharing contract (PSC). Inpex said the amendment, signed through its Inpex Masela unit, includes a 7-year additional time allocation and a 20-year extension for the Abadi LNG
Image courtesy of Kinder Morgan Kinder Morgan-led Elba Island liquefaction project near Savannah, Georgia could soon export its first cargo shipping data indicates. Shell-chartered liquefied natural gas carrier Gemmata is docked at the facility, AIS data provided by VesselsValue shows. The vessel arrives some two weeks following the United States
Central booster compressor station at Chayandinskoye field; Source: Gazprom Russian giant Gazprom is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline. Gazprom said that the efforts for filling up the pipeline with gas from the Chayandinskoye field in Yakutia were on schedule, with start-up and commissioning operations undergoing
zoomImage courtesy of Medgaz The Spanish utility company, Naturgy and Algeria’s Sonatrach have entered into an agreement with Mubadala for the acquisition of the 42.09 percent stake that it holds in Medgaz. Following the completion of the transaction, Medgaz will be entirely owned by Sonatrach with a 51.0 percent stake
Image courtesy of XPO Logistics XPO Logistics, a provider of transportation and logistics solutions, has expanded its LNG-fueled fleet with the purchase of 100 Stralis Natural Power Euro VI tractors from IVECO. The new tractors will be dedicated to the company’s less-than-truckload network in France, serving customers in the Greater
Image courtesy of APPEA The natural gas industry contributed around $55 billion to Queensland’s economy over seven years, according to a new report released today by Lawrence Consulting. The report, published on the website of the Australian Petroleum Production & Exploration Association (APPEA), claims that almost $5 billion was spent on wages
Illustration purposes only (Image courtesy of Qatargas) Five South Korean shipping companies could partner up to secure liquefied natural gas transportation services for Qatar’s LNG production capacity expansion project. Citing industry sources, Yonhap News Agency, reported that Korea Line Corp, Pan Ocean, Hyundai LNG Shipping, SK Shipping and H-Line Shipping
Image courtesy of Dharmendra Pradhan/Twitter U.S. energy giant ExxonMobil has signed a memorandum of understanding with the Indian Oil Corporation to expand LNG cooperation in India. In a brief statement through his social media channels, India’s minister of petroleum and natural gas, Dharmendra Pradhan, said the companies intend to introduce
Image courtesy of GSPC Mundra LNG terminal project in India’s Gujarat state could finally be commissioned in December. The facility, inaugurated by India’s prime minister Narendra Modi in October last year, ran into a roadblock due to a dispute between Gujarat State Petroleum Corp (GSPC) and Adani Group. Press Trust
zoomImage courtesy of Total Total, the world’s second-largest LNG player, has expanded its partnership with India’s energy and infrastructure conglomerate Adani Group for the development of the Indian natural gas market. The Indian natural gas market is currently only seven percent of the country’s energy consumption but has grown over