US liquefied natural gas (LNG) export project developer Venture Global and German energy company EnBW have decided to expand their existing LNG partnership to 2 million tonnes per annum (mtpa). The companies entered into 20-year sales and purchase agreements in June 2022 for 1.5 mtpa of LNG. Now, En
Qatar’s state-owned oil and gas company QatarEnergy has set its sights on becoming the largest liquefied natural gas (LNG) traders in the world within five to ten years. Minister of State for Energy Affairs, the president and CEO of QatarEnergy Saad bin Sherida Al Kaabi underlined this in his speech
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a charter contract with Sakhalin Energy LLC, a new operator of Russian liquefied natural gas (LNG) plant Sakhalin II, for the LNG carrier Grand Mereya. The contract for the LNG carrier was signed through a subsidiary company 60% owned by
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won orders for a total of 6 LNG carriers worth over $1.29 billion. Four LNG carrier newbuilds were ascribed to European shipowners. The contract is worth KRW 1.2 trillion (approximately $880 million) and the vessels are s
The Bundesnetzagentur, German independent higher federal authority, considers the management concept of RWE and Uniper for the floating storage and regasification units (FSRUs) chartered by the federal government at the Brunsbüttel and Wilhelmshaven sites for a transitional period until the end of M
APPEA believes that Western Australia’s Mineral and Petroleum Review 2021-22 highlights the importance of the oil and gas industry.
The Finnish technology group Wärtsilä has partnered up Capital Gas Ship Management Corp. to develop a new Fleet Decarbonisation Programme aimed at boosting the efficiency of the company’s LNG carrier fleet. The agreement was signed in June 2022 and will be applied to a fleet of six 174,000 cbm LNG c
US-based liquefied natural gas (LNG) company Excelerate Energy has signed a binding shipbuilding contract with South Korean shipyard Hyundai Heavy Industries (HHI) for a new floating regasification and storage unit (FSRU). The agreement was signed to finalise the deal revealed in August this year du
Australian energy company Santos has signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) to promote the securing of stable energy and the progression of decarbonisation goals. According to Santos’ managing director and CEO Kevin Gallagher, the MoU buil
TotalEnergies Marine Fuels has marked a milestone in its liquefied natural gas (LNG) bunkering supply network with a naming ceremony of the Brassavola LNG bunker vessel in Singapore. The ceremony was held at Sembcorp Marine’s Tuas Boulevard Yard, marking a step closer to commencing TotalEnergies’ LN
Natural gas markets are expected to remain tight well into next year as Russia keeps curtailing natural gas flows to Europe which has pushed international prices to new highs, disrupted trade flows and led to fuel shortages, International Energy Agency (IEA) finds in its latest report. According to
Pavilion Energy, a wholly-owned subsidiary of Temasek, and classification society DNV have jointly developed a fit-for-purpose liquefied natural gas (LNG) bunker digital solution for use in the Port of Singapore. As part of their collaboration to digitalise LNG bunkering in Singapore, Pavilion and D
Australia’s liquefied natural gas (LNG) exporters are set to almost triple their financial contribution to the public this financial year, according to new preliminary forecasts compiled by the Australian Petroleum Production & Exploration Association (APPEA). The exporters are forecasted to pay an
The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.
