Illustration purposes only (Image courtesy of Novatek) China’s CNOOC has secured a 10 percent participation interest in Novatek’s second liquefied natural gas project, the Arctic LNG 2. Russia’s largest private natural gas producer said on Thursday a binding agreement for the acquisition of the 1o percent participation stake in the
zoomImage courtesy of Petronas Malaysian energy giant Petronas’ unit, Petronas LNG, formed a partnership with Pengerang LNG to provide gassing up and cooling down (GUCD) services at the Pengerang LNG terminal. The terminal is owned by Pengerang LNG (Two), which is a joint venture between Petronas Gas, Dialog LNG and
Image courtesy of SOL The newly formed Swedish shipping company, Wallenius SOL, has ordered a quarter of LNG-powered vessels to serve in the Gulf of Bothnia. The company was founded by Wallenius and Swedish Orient Line with an aim to strengthen the infrastructure for the needs of Finnish and Swedish
Illustration purposes only (Image courtesy of Freeport LNG) Over the next two years, almost 90 million tonnes per annum (mtpa) of LNG is expected to take final investment decision (FID) and start construction. New research from the consultancy group Wood Mackenzie shows that capital expenditure – for both LNG plant
Yamal LNG project (Image courtesy of Novatek) Novatek, Russia’s largest private gas producer, signed a deal with China National Oil and Gas Exploration and Development Company (CNODC), a unit of CNPC, to enter the Arctic LNG 2 project. The binding agreement provides for the acquisition by CNODC of a 10
Image courtesy of Aspen Aerogels Aspen Aerogels has been awarded a new contract to supply aerogel insulation to the PTT LNG Nong Fab LNG receiving terminal project in Thailand. The contract was awarded to Aspen by a joint venture between Saipem and CTCI Corporation, responsible for the engineering, procurement, construction
Image courtesy of Wärtsilä The Finnish technology group Wärtsilä reported a 6 percent drop in order intake during the first quarter of the year. The company noted its order intake was at €1.4 billion ($1.6 billion) down from the €1.5 billion in the corresponding quarter of 2018. Wärtsilä Marine accounted
Image courtesy of Novatek Novatek, Russia’s largest private gas producer, said its joint venture with Gazprombank, Cryogas-Vysotsk has commenced full-scale production of liquefied natural gas (LNG). “Cryogas-Vysotsk is our first medium-scale LNG project,” noted Novatek’s head Leonid Mikhelson on Wednesday. “Our marketing strategy provides for loading of bunkering vessels, small
zoomImage courtesy of Occidental Occidental Petroleum submitted a bid looking to buy US independent oil and gas producer and Mozambique LNG developer, Anadarko Petroleum for $76.00 per share, totaling $57 billion. This represents a premium of approximately 20 percent compared to the value of Anadarko’s pending transaction as of April
zoomImage courtesy of Polskie LNG The Polish government has signed an agreement with the country’s liquefied natural gas terminal operator Polskie LNG to co-finance the expansion of the facility. The office of the prime minister, through its social media channels, said the facility is part of the European Union’s energy
