US company Energy Transfer is in the process of evaluating bids for the engineering, procurement and construction contract on its proposed Lake Charles LNG export facility. Lake Charles LNG has received commercial bids from EPC companies in response to a commercial tender issued in December last yea
Australia’s power and gas retailer Origin Energy is expecting to take a $812.2 to $868.3 million hit in its full-year 2020 results.
US company NextDecade said on Monday it would ditch one train from its proposed Rio LNG export plant in Texas as part of an optimization move that includes slashing emissions. The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per year. NextDecade
China’s Cosco Shipping Heavy Industry has completed repair works on a 30,000-cbm carrier, marking the second-ever LNG repair job for the yard. The vessel in question is the Cnooc-owned small-scale LNG carrier Hai Yang Shi You 301. Cosco’s Guandong shipyard welcomed the 184.7 meters long vessel last
The Nordic energy company Gasum is seeing mixed signals on the maritime market recovery.
Russian gas giant Gazprom posted a net loss in the first quarter of this year mainly due to lower prices and demand in Europe, and a weak rouble. Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares to a profit of 535.9 billion rouble
South Korea’s Kogas and five compatriots are joining forces to set up a LNG bunkering joint venture in the country. The other Korean companies are Busan Port Corp, steel-maker Posco, refiner S-Oil, Daewoo Logistics, and shipper Hyundai Glovis. The partners signed a collaboration deal on Tuesday and
US energy company Kinder Morgan is to launch another small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. The company has requested an authorization from US FERC to place into service the eighth Elba Island liquefaction unit on July 13. Elba Island has already six
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search flagged a $360-$400 million impairment in its interim results.
US engineering company KBR is not interested to conclude a fixed price contract to build Canada’s Goldboro LNG facility, according to the project developer Pieridae. Pieridae said on Monday it received a notice from KBR saying the firm was “no longer prepared to negotiate and conclude the contract”.
Russia’s largest independent natural gas and LNG producer Novatek reported a decline in both production and sales in the second quarter of this year. Novatek said Monday its natural gas production declined by 2.2 percent year-on-year to 18.5 billion cubic metres. The Russian company’s total producti
GasNet, a Czech natural gas distributor, has put into operation the first public mobile self-serve unit for liquefied natural gas (LNG) on the Czech market.
Cyprus has started building its first LNG import facility at Vassilikos, the nation’s largest and most expensive energy project. The project includes an FSRU connected to a jetty, mooring facilities, a pipeline, and other onshore and offshore related infrastructure. It has a price tag of 289 million
Golar’s Hilli Episeyo, world’s first converted FLNG vessel, has recently loaded its 40th cargo since the start of operations more than two years ago offshore Kribi, Cameroon. Bermuda-based shipowner Golar said the FLNG completed the milestone operation on June 18. Through these offtakes, the floatin
