South Korea’s LNG importing giant Kogas has reportedly gone into an arbitration with Australia’s North West Shelf export project led by Woodside. Kogas is looking to settle a liquefied natural gas contract that ended in 2016, Reuters reported on Monday citing a Kogas spokesperson. The arbitration re
The Australian Petroleum Production and Exploration Association has hit back at a report by the Australian Workers Union suggesting stricter liquefied natural gas LNG (export) restrictions. The “Shipping Away Our Competitive Advantage” report released on Monday “confirms that the AWU’s campaign to c
Australian liquefied natural gas (LNG) exports rose 5.6 percent in January to 5.6 million tonnes as compared to the previous month, according to a report by the energy consultancy, EnergyQuest. Australian LNG export projects shipped a total of 84 cargoes last month, compared to 79 cargoes in Decembe
GAC Russia, a unit of the Dubai-headquartered GAC Group, has won a contract by the Novatek-operated Yamal LNG export project in Russia. Yamal LNG has appointed GAC Russia to manage its fleet of ice-breaker tankers at Sabetta port where the liquefaction facility is located for the next three years. U
US LNG export player Cheniere Energy said on Friday it had entered into two liquefied natural gas sale and purchase agreements with state-owned China National Petroleum Corporation. This is the first long-term contract for US LNG supplies to China, currently the world’s second-largest LNG importer.
Prices for liquefied natural gas (LNG) in Asia rose this week as persistently cold weather in North Asia forced buyers to enter the spot market to replenish inventory. Spot prices for March LSG-AS delivery in Asia climbed 40 cents to $10.60 per million British thermal units (mmBtu) this week, Reuter
Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to export US shale gas overseas, has sent out more cargoes in the week ending February 7 as compared to the previous week, according to the Energy Information Administration. Six LNG vessels with a combined
Petronet LNG, India’s largest importer of liquefied natural gas, reported a 33 percent increase in its quarterly net profit on the back of higher regasification volumes at its Dahej and Kochi terminals. The LNG importer said its net profit after tax rose to 5.29 billion rupees ($82.2m) in the Decemb
The average price for spot liquefied natural gas (LNG) cargoes in Japan contracted in January rose to $11 per MMBtu, the highest in more than three years, the data from Japan’s Ministry of Economy, Trade and Industry showed. The price was the highest since December 2014 and rose up 7.8% from Decembe
Construction is progressing on the Tangguh expansion project which includes the addition of a third train at the BP-operated LNG export facility in Indonesia. The expansion project will add a liquefaction unit of 3.8 million tons per annum (mtpa) of production capacity to the existing facility in Pa
Turkey commissioned on Wednesday the country’s second floating storage and regasification unit (FSRU) at a port in Dörtyol, Hatay located on the country’s Mediterranean coast. The MOL FSRU Challenger, the world’s largest FSRU, arrived in Turkey in November last year following delivery to its owner o
Trading companies Gunvor and B.B. Energy submitted the lowest bids in a tender to supply Pakistan with three liquefied natural gas (LNG) cargoes in April. The state-owned Pakistan LNG launched the tender in January with three delivery windows across April. Four companies took part in the tender incl
SAL Heavy Lift’s crane vessel Svenja has delivered 12 monopile foundations for the Hornsea Project One wind farm to the Able Seaton Port on the River Tees.
SAL Heavy Lift’s crane vessel Svenja has delivered 12 monopile foundations for the Hornsea Project One wind farm to the Able Seaton Port on the River Tees.
