Saturday, August 15, 2020

Korea Gas Corporation News

Flowserve Inks Deal for Prelude FLNG

Image: Shell Prelude FLNG facility

Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility, which…

Kogas, EVC Pact for Vietnam LNG Terminal

Image: ECV Holdings

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam.The MOU also covers the development of a storage facility…

LNG Bunkering Market to Reach $12bn by 2024

Coralius reaches 100 bunkerings milestone - LNG demand on the rise. Photo:  Gasum Oy

The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue of around USD 11899.60 million by the end of 2024, growing at a CAGR of around 59.4% between 2018 and 2024.LNG bunkering is experiencing the highest growth rate in developed as well as developing countries…

Global LNG Bunker Fuel Market to Reach $1.3bln by 2026

Pic: Gasum

The global Liquefied Natural Gas (LNG) as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%. The bunker fuel market revenue value is exprected to reach US$ 1,263.2 million in 2026.According to a market research report, based on the region the market is segmented into US…

8.5% Growth Expected for LNG Bunkering Market by 2026

Pic: Shell Global

The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative revenue (2017-2021) is projected to be USD 3.4 bn which is expected to increase significantly over the latter part of the five-year forecast period…

Sempra Energy's Port Arthur LNG in Pact with PGNiG

Image: Sempra Energy

Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas.

Global LNG to be Major Part of Bunker Fuel Market

Pic: Gasum Oy

Liquefied natural gas (LNG) ships is expected to be the major application segment in the global LNG as a bunker fuel market.According to a market research report, LNG fueled ships emit zero sulphur oxide emissions along with decline in carbon dioxide gas release by 25%, these are primary…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce…

Asia's Soaring Gas Demand Beckons New LNG Projects

File Image: A typical LNG Carrier (CREDIT: GAC)

Global LNG imports rose by 20 percent in 2017; new demand emerges across South, Southeast Asia. Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang.

Kogas Sign MoU for LNG Terminal in Mexico

Image: Kogas

South Korea’s Kogas  (Korea Gas Corporation) has signed a memorandum of understanding (MoU) with the Mexican state of Yucatan to construct an liquefied natural gas (LNG) terminal and gas pipelines that would be worth up to $1.5 billion in a package deal. The LNG terminal will be built in the port city of Progreso in Yucatan…

Woodside, KoGas Extend Partnership

Logos

Woodside and Korea Gas Corporation (KOGAS) are pleased to advise that they have signed a Memorandum of Understanding (MoU) for cooperation, extending the strong partnership between the companies. The MoU was signed in Perth today by Woodside CEO Peter Coleman and KOGAS President and CEO, Mr Lee, Seung-Hoon.

Bright Future for LNG Bunkering - TMR

Image Courtesy TMR

Transparency Market Research (TMR) have given a detailed insights and analysis of the global market for LNG bunkering fuel in its recently published market research report. On the basis of capacity, the market, which had a valuation of mere 70 kilo tons in 2013, is projected to expand at an astounding 63.6% CAGR between 2014 and 2025 and reach 22…

ABS to Class Two More Kogas LNG Carriers

ABS Chairman, President and CEO Christopher J. Wiernicki

ABS has been selected to class two Liquefied Natural Gas Carriers (LNGCs) for SK Shipping, featuring the KC-1 cargo containment system (CCS). The agreement brings to five the number of LNGCs to be built to joint ABS/KR class for Korea Gas Corporation (KOGAS), the world's largest LNG importer.

ExxonMobil Announces Korean Gas Collaborations

ExxonMobil informs it has today signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corporation (KOGAS) to hold discussions concerning natural gas technologies and new energy technologies. The agreement will focus on the natural gas value chain…

DNV GL Wins KOGAS TQ Contract

Rolf Benjamin Johansen

DNV GL Korea, the technical advisor to the oil and gas industry, has been awarded a technology qualification (TQ) contract with Korea Gas Corporation (KOGAS) for a FEED Package for a 5MTPA onshore LNG liquefaction plant based on the innovative KSMR liquefaction process. KSMR is a new…

Eni Inks Deal with Korea Gas Corporation

Italian energy group Eni said on Friday it had signed an agreement with Korea Gas Corporation (KOGAS) to boost cooperation in the upstream and liquefied natural gas (LNG) sectors and to jointly pursue opportunities worldwide. The two companies expect the deal to facilitate the development of their joint LNG project in Mozambique.

Foster Wheeler's subsidiary awarded contract by LNG Canada

Courtesy Foster Wheeler

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in joint venture with affiliates of Chiyoda Corporation, Saipem S.p.A. and WorleyParsons Limited (“CFSW JV”), has been awarded a contract by LNG Canada Development Inc.

LNG Canada Awards Export Terminal Contract

LNG Canada, a joint venture led by Royal Dutch Shell, said on Tuesday that it had awarded the design and eventual construction of its planned liquefied natural gas (LNG) export project on Canada's west coast to CFSW LNG Constructors. The contract covers the front end engineering and design work…