zoomIllustration purposes only (Image courtesy of LNG Croatia) Croatian liquefied natural gas (LNG) import terminal on the island of Krk has reportedly received the environmental permit from the Ministry of Environmental Protection and Energy. According to local media reports, ministry’s commission in charge of reviewing the environmental impact of the FSRU-based
Offshore Trinidad and Tobago (Image courtesy of BP) Trinidad and Tobago’s liquefied natural gas (LNG) production increased 20 percent year-on-year in January to 2.7 million cubic meters. This was the highest monthly LNG production since January 2015 when Atlantic LNG’s Point Fortin facility produced 2.87 million cubic meters, according to
Image courtesy of Chevron US energy giant and LNG player, Chevron, is focused on growing the company’s free cash flow in 2018 and beyond even with no commodity price appreciation. “We expect to deliver stronger upstream cash margins and production growth. This is a powerful combination,” said Michael Wirth, Chevron’s chairman
zoomImage courtesy of Geoscience Australia Australia and Timor-Leste signed a treaty establishing permanent maritime boundaries as well as a framework to jointly develop the Greater Sunrise gas fields. The treaty was brokered by the Conciliation Commission established under the UN Convention on the Law of the Sea (UNCLOS), the statement
zoomImage courtesy of Engie French energy company and LNG player Engie swung to profit for the year 2017, reporting an income of €1.4 billion ($1.74 billion), compared to a €400 million net loss in 2016. Engie noted that the result was boosted by “notably lower impairments” compared to 2016. The company said
Image courtesy of GTT French liquefied natural gas (LNG) containment system specialist, Gaztransport & Technigaz (GTT) developed and completed the testing phase of its new technology named LNG Brick. This solution, comprising a Mark III membrane system, is delivered as a block ready to be installed into the ship structure,
Image courtesy of Prometheus Energy US LNG producer and provider Stabilis Energy said Wednesday it had completed the acquisition of a majority interest in Prometheus Energy. The acquisition combines two of the “leading” liquefied natural gas production and distribution companies to form a full-service provider capable of delivering LNG to
Image courtesy of ExxonMobil US energy giant ExxonMobil has outlined a growth strategy targeting a 100 percent increase in earnings by 2025 at 2017 prices. Speaking of the company’s strategy, Darren Woods, chairman and CEO, during the meeting of investment analysts at the New York Stock Exchange, said the company has got
Image courtesy of Nantes St. Nazaire Port Over the past weekend, the fifth transshipment of Yamal LNG volumes since the start of the year took place at Elengy’s liquefied natural gas terminal of Montoir-de-Bretagne. The cargo was delivered from the Yamal LNG facility on Saturday, March 3 aboard the Arc7 ice-class
Meridian Spirit at the Sabine Pass LNG facility (Image courtesy of Cheniere) The U.S. Energy Information Administration has reduced its forecast for Henry Hub natural gas spot prices this year as LNG exports produced from shale gas continue to rise. To remind, Henry Hub-priced US LNG exports received a boost
zoomIllustration purposes only (Image courtesy of Shell) Dominion Energy confirmed on Friday that the first LNG cargo from its Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, has departed the facility. Shell’s 136,985-cbm LNG carrier Gemmata, carrying the first cargo of LNG from Cove
Image courtesy of Novatek Novatek-led Yamal LNG said it reached a milestone shipping the first million tons of LNG produced at its first train. The first LNG train comprising 5.5 million tons per annum commenced LNG production in the fourth quarter 2017 with the loading of the inaugural tanker, the