Iran and Malaysia's SKS have signed a $16b preliminary deal to develop Iran's southern Golshan and Ferdos gas fields and build plants to produce liquefied natural gas (LNG), according to reports. Source: Reuters
The Egyptian Natural Gas Holding Company (EGAS) signed an initial agreement with Russian company Rosneft to supply oil products and liquefied natural gas (LNG) shipments. The document defines key terms of the future cooperation between the companies in the area of LNG supplies. The implementation of the terms of the signed document will allow Rosneft to access the high growth potential Egyptian gas market and deepen broader cooperation between the two companies.
Singapore’s SembCorp Marine Ltd has announced a long-term contract from Australia’s North West Shelf venture (NWS) to provide dry-docking, refit, and other marine services, for their fleet of LNG ships. This breakthrough contract signifies the first time that a major LNG consortium has committed itself to a long-term maintenance and refit contract in the region. At a time when Singapore is preparing itself to be a major hub and player in the LNG sector
Vitol will supply Egypt with nine LNG cargos for two years starting June 2015, an Egyptian oil ministry statement said on Thursday. The statement said the ministry was also finalizing talks with BP over a deal to supply the country with 21 LNG cargoes. The latest contracts were part of a highly sought-after tender to buy 75 LNG cargoes. (Writing by Yara Bayoumy; Editing by David Holmes)
India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI. The Business Standard has reported that GAIL has opened talks with Iran over the LNG contract whose value is estimated to be $22 billion in light of the prospects for the removal of sanctions against Iran. "Dialogue has been initiated with Iranian counterparts to revive the LNG supply long-term SPA
Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports, the country's energy minister said on Monday. Russia's Gazprom had enjoyed a supply monopoly until the end of 2014, when Lithuania opened a floating LNG import terminal to reduce energy dependence on its former Soviet master. That allowed it to import gas from Norwegian tankers, as well as via pipeline from Russia.
Britain's BG Plc secured rights to deliver liquefied natural gas (LNG) through one of only two functioning import terminals serving booming U.S. energy markets. The UK gas producer will have use of 80 percent of capacity at CMS Energy's Lake Charles, La., facility from January 2002. It will have use of total capacity from September 2005 after a contract ends with an existing customer. Financial terms were not disclosed
Reuters has reported that Iranian shipbuilder SADRA said it would build 10 ships for Belgium's Exmar to export Iranian liquefied natural gas (LNG) although Iran's efforts to produce the fuel are deadlocked. The total value of the 10 high-technology vessels would be $2.4b, Iran's Industry Minister Alireza Tahmasbi told state television. He told the ISNA students news agency that SADRA might sign a another deal for four more ships.
The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for Samsung Heavy to build the four carriers worth $286 million each by February 2010, the company said in a regulatory filing. Meanwhile, the Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipyard, said Monday it had received a $1.22 billion order to build five LNG carriers.
International LNG Alliance (ILNGA) Executive Director, David Sweet congratulated Secretary of Energy Spencer Abraham on successfully bringing together global leaders from government and industry for the LNG Ministerial Summit. "This historic event will be the catalyst for numerous deals and initiatives that will bring additional supplies of LNG to the United States. The dialogue at the Summit confirms that LNG can play a significant role in meeting U.S
Nearly two dozen vessels were queued outside the French oil import terminal in Fos, southern France on Thursday, held up by a strike organised by the hardline CGT and FO unions over planned labour reforms. A spokeswoman for the port of Marseille told Reuters that yesterday 29 oil
Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday. The official said Egypt would consider importing a further 10 cargoes of LNG
EDF Trading, a wholly-owned subsidiary of French power giant EDF, has signed an LNG sales and purchase agreement with Japanese LNG aggregator Jera Co Inc, one of the world’s largest buyers of liquefied natural gas. Jera, a joint venture between Tokyo Electric Power Co
Höegh LNG returned to profit following a Profit after tax of USD 6.3 million for the first quarter of 2016, up from USD 4.0 million net loss in the fourth quarter 2015. The company’s EBITDA reached $26.6 million for the first quarter of 2016, up from $24
The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says.
Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year. The pure play LNG transportation provider said that an oversupply of shipping in the carrier market
A new wave of investments in Papua New Guinea’s energy sector could see some $19 billion of projects launched in the coming years, boosting the country’s liquefied natural gas (LNG) output and providing employment to thousands.
Regasifying and storing LNG offshore has allowed customers to import gas without committing to land-based infrastructure. The option also speeds up access to vast amounts of energy. “Wärtsilä focuses on completing the LNG value chain,” says Timo Koponen, Vice President
First of its kind Cryoline floating LNG hose-in-hose transfer system improves safety and lowers operator costs – improving access to LNG fuel Trelleborg’s fluid handling operation, supplier of flexible bonded hose solutions for the crude oil
Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the southern Iran port of Chabahar, in a move to give his country trade access to Iran, Afghanistan and central Asia. The route is currently all-but blocked by Pakistan, long at odds politically with India
For over one year the HUMMEL has been contributing to improved air quality at the port of Hamburg. Becker Marine Systems’ LNG Hybrid Barge will also be supplying lower mission power to the AIDAsol this year. The cruise ship has already made three calls since the middle of May and will have
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and Sovcomflot have agreed to delay a liquefied natural gas carrier being built for the Yamal LNG project in Russia. According DSME statement the vessel, which was originally scheduled for June this year re-set the
Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials said on Wednesday.
State-run Polish gas company PGNiG will receive its first spot delivery of liquefied natural gas (LNG) from Norway’s Statoil on June 25, it said on Tuesday, taking advantage of cheap and abundant global supply. Reuters reports that on 25 June Swinoujscie will also take
Cheniere Energy Inc. plans to start exporting liquefied natural gas in August from a second plant at its Sabine Pass terminal in Cameron Parish, according to a report from Bloomberg News. Cheniere began exporting LNG in February from its first unit at Sabine Pass