Illustration purposes only (Image courtesy of Transnet) South Africa’s state-run logistics company Transnet is gearing up to start the development of the country’s liquefied natural gas (LNG) import terminal at Richards Bay port. Speaking to Reuters, Jabulani Sithole, a Transnet oil and gas business manager, said the company is looking
The flow of LNG through the Suez Canal has declined over recent years due to competition for the chilled fuel in the global market as well as growth in the U.S. shale gas production, the Energy Information Administration (EIA) said. The Suez Canal and the Suez-Mediterranean pipeline (Sumed) are strategic
zoomImage courtesy of GTT / Roland Mouron French liquefied natural gas containment system specialist, GTT, reported a 3.6 percent drop in first-half revenue. GTT said that its revenue for the first half of the year reached €122.6 million ($136.6 million), down from €127.2 million in the first six months of
zoomLNG carrier Excalibur (Image courtesy of Excelerate) Argentina’s YPF reached an agreement with the FSRU specialist Excelerate Energy for the charter of a liquefied natural gas (LNG) carrier, to ferry Tango FLNG cargoes from Bahía Blanca, to the global natural gas market. Both parties will be executing the final agreement
Image courtesy of Chart Chart Industries said its unit VRV Asia Pacific, together with Unison Enviro have commissioned India’s first combined city gas distribution and LNG fueling facility. Located in Ratnagiri, Maharashtra State in India, the station was designed and built in-country by VRV AP, Chart said. It utilizes LNG
zoomImage courtesy of GasLog Partners GasLog’s New York-listed spinoff, GasLog Partners, have reported a drop in profits for the quarter ended June 30. GasLog Partners said Thursday its profit slipped to $19.1 million, 16 percent down on the corresponding quarter last year. The partnership attributed its drop in profit in
Image courtesy of Baleària Spanish shipping company Baleària said on Thursday its LNG retrofitted ferry Abel Matutes is set to start operations on the route connecting Huelva and two Canarian ports. The company said that the vessels LNG retrofit has been completed in early July and that the vessel will
Image courtesy of Inpex The Inpex-operated Ichthys liquefied natural gas (LNG) plant in Australia has reportedly offered two cargoes for loading in August and September. Citing industry sources, Reuters reported on Wednesday that the cargoes were set for loading over August 14-16 and September 1-4 on a free-on-board basis. Reuters
Illustration purposes only (Image courtesy of Guangdong Dapeng LNG) Imports of liquefied natural gas (LNG) into China have increased in June compared to the corresponding month last year. China, the world’s second-largest importer of the chilled fuel, reported a 14.9 percent rise in imports during the month under review. Data
Image courtesy of MOL The Arc7 ice-class LNG tanker Vladimir Rusanov has completed the Northern Sea Route (NSR) passage via the Eastern direction and delivered a cargo of LNG produced by Novatek’s Yamal LNG project to China. Novatek, Russia’s largest independent natural gas producer and LNG operator, said on Thursday
