Bintulu LNG (Image courtesy of Petronas) Malaysia’s Petronas reported a decline in its quarterly liquefied natural gas (LNG) sales as its total earnings and profit rose on higher prices. The energy company’s revenue for the third quarter was 63.9 billion ringgit ($15.2 billion), up by 19 percent from the corresponding
zoomImage courtesy of Flex LNG Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business turned to a $1.2 million profit in the third quarter of the year compared to a $4 million net loss in the third quarter of 2017. The company also tightened
For illustration purposes only (Image courtesy of GTT) French LNG containment specialist GTT said Monday it received an order for the tank design of a new 174,000-cbm liquefied natural gas carrier. The ship would be built by a Korean shipyard on behalf of a European ship-owner, GTT said without providing any
LNG Lerici (Image courtesy of Eni) Malaysia’s LNG shipping company MISC said Tuesday it chartered two liquefied natural gas carriers to LNG Shipping, a unit of Italy’s state-controlled energy giant Eni. MISC chartered the 1997-built LNG Portovenere and the 1998-built LNG Lerici. Both of the vessels have a capacity of 65,000 cubic
Image courtesy of KBR Houston-based LNG engineer KBR has been awarded a contract by Papua New Guinea’s Department of Petroleum to provide support services for existing and new energy projects in the country. This includes upstream, LNG and downstream sectors, KBR said in its statement. Under the terms of the agreement,
Image courtesy of AGL Energy Australian utility AGL Energy has set out to assess its gas import jetty and pipeline project through an environment effects statement (EES) process. The project, jointly proposed by AGL and APA, natural gas and electricity assets owner and operator, will have the import jetty at Crib Point
Image courtesy of Indian Oil LNG India’s biggest refiner, Indian Oil Corp, is reportedly looking to buy a couple of cargoes of liquefied natural gas for delivery during January 2019. Citing industry sources, Reuters reports the two cargoes are to be supplied on a DES (delivered ex-ship) basis, to Gujarat. The two delivery
zoomImage courtesy of Polskie LNG Polish LNG terminal operator, Polskie LNG, is setting the wheels in motion for the expansion of the President Lech Kaczyński facility in Świnoujście. The operator has published an official market communication about the forthcoming contract award procedure and the selection of a contractor for the expansion of the LNG
zoomFor illustration purposes only (Image courtesy of Tokyo Electric Power) Liquefied natural gas (LNG) use by Japan’s power companies rose by 7.7 percent in August when compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed
LNG carrier Pacific Breeze (Image courtesy of CPC Corporation) Taiwan’s state-owned CPC Corporation said on Monday it received its first cargo of liquefied natural gas (LNG) from the Inpex-operated Ichthys project in Australia. LNG carrier Pacific Breeze, that previously loaded a cargo at the Ichthys plant located near Darwin, arrived at the
Image courtesy of Novatek Russia’s largest independent natural gas producer, Novatek, completed the first ship-to-ship LNG transshipment in the area near the port of Honningsvag in northern Norway. The operation took place on November 22 as LNG World News reported earlier. The Arc7 ice-class LNG tanker Vladimir Rusanov reloaded an
