For illustration purposes only; Pyeongtaek LNG terminal in South Korea (Image courtesy of Kogas) Asian spot prices for liquefied natural gas (LNG) reportedly dropped for a second consecutive week due to lower trading activity and a slow down in buying from China. Spot prices for August delivery in Asia fell
Image courtesy of Equinor – Ole Jørgen Bratland French cabling and connectivity solutions specialist, Nexans, has been contracted by Equinor to design and manufacture umbilicals to control the Askeladd’s subsea production systems in the Barents Sea. The Snøhvit gas field in the Barents Sea is now entering part two of its multi-phase development
Image courtesy of Novatek Russia’s largest independent natural gas producer Novatek signed a strategic agreement with its compatriot shipper Sovcomflot, to partner up on transporting LNG and condensate from the Arctic LNG projects. These projects include Novatek’s Yamal LNG, Arctic LNG 2 and other Arctic projects of the company. “Our unique
zoomImage courtesy of Teekay Teekay LNG Partners said that Brody Speers, the current chief financial officer (CFO) of Teekay Gas Group has been appointed as vice president, corporate finance, of Teekay Shipping (Canada). Scott Gayton, who currently serves as a vice president at Teekay, has been appointed to assume the CFO
zoomIllustration purposes only (Image courtesy of Chevron) The year 2017, another record-breaking year for LNG trade, reinforces the global role liquefied natural gas has on the expansion of the use of natural gas, an International Gas Union (IGU) report shows. After steady growth in recent years, global LNG trade in
Francisco Reynés, chairman and CEO of Naturgy (image courtesy of Naturgy) Spanish LNG operator Gas Natural Fenosa has decided to follow the change in the market and change its name to Naturgy after 175 years. The company said it aims to focus on innovation, digitalization, simplicity, as part of its new path undertaken by the
zoomImage courtesy of Nigeria LNG Nigeria LNG is set to bring back its fifth liquefaction train online in July after shutting it down for maintenance at the end of May. Speaking to Reuters, Nigeria LNG’s corporate communications and public affairs manager, Andy Odeh, said the Train 5 was shut down
zoomImage courtesy of Qatar Petroleum Qatar Petroleum is moving forward with its plans to increase the country’s LNG output by 30 percent, from 77 million tons per year to 100 mtpa in order to meet the rising global demand. Speaking at a conference in Washington, Qatar Petroleum president & CEO Saad
Image courtesy of Crowley Crowley’s unit, Crowley Fuels and Eagle LNG Partners have expanded their LNG supply chain in Puerto Rico by signing a multi-year LNG supply deal with a major pharmaceutical company. After production at Eagle LNG’s new Maxville facility in Jacksonville, LNG is loaded into Crowley’s 10,700-gallon international
zoomIllustration only. Image source: Pixabay under CC0 Creative Commons license. ExxonMobil and Eni have kicked off marketing efforts for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique. Senior management representatives of the co-venture parties, ExxonMobil, Eni,
Illustration only. Image source: Pixabay under CC0 Creative Commons license. China’s LNG demand growth, boosted by the government’s policy to switch from coal to gas to curb air pollution, has brought a new set of challenges for the country with limited pipeline coverage and lack of storage facilities. China’s gas
zoomPluto LNG onshore gas plant (Image courtesy of Woodside) Australian LNG player Woodside is weighing its options for further investment in the Port Arthur LNG export project in Texas, led by the SanDiego-based Sempra Energy. In February 2016, Woodside agreed to share the technical design, permitting commercial development and the