Wednesday, April 1, 2020

Liquefied Natural Gas News

Yamal LNG Resumes Loading Operations in Norway

(File photo: Novatek)

Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans…

Shell to Exit Lake Charles LNG Project

Royal Dutch Shell said on Monday it will exit the Lake Charles liquefied natural gas export project in Louisiana, citing the plunge in oil prices due to the coronavirus…

Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure

© Wojciech Wrzesien/AdobeStock

At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week…

Origin Energy to Defer Shale Drilling in Australia

Illustration only; Image by FerrizFrames - AdobeStock

Origin Energy will defer shale exploration drilling in Australia's Northern Territory until the second half of this year in a bid to protect workers from a coronavirus, the company said on Thursday.Origin…

Indian LNG Importers Issue Force Majeure Notices

An LNG Tanker - Image by donvictori0 - AdobeStock

Indian liquefied natural gas (LNG) importers have started to issue force majeure notices as domestic gas demand slumps and as port operations in the country get hit by a…

Taiwan Gets 1st Carbon Neutral LNG Shipment

Image: Shell

Taiwan accepted its first carbon neutral shipment of liquefied natural gas (LNG). State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt…

Oil Falls, OPEC Backs Deeper Supply Cuts

Illustration by m.mphoto

Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts to bolster prices…

BV Appoves Cryo-Powered Regas System Design

(L to R): H.G. Son, DSME Tokyo Representative; Kazuo Yamashita, Country Chief Executive, Bureau Veritas Marine & Offshore, Japan; Yoshikazu Kawagoe, Senior Managing Executive Officer and Chief Technical Officer, Mitsui O.S.K. Lines; and Hiroyuki Nakano, Executive Officer, Energy Transport Business, Mitsui O.S.K.Lines  (Photo: BV)

Bureau Veritas Marine & Offshore (BV) has issued the first approval in principle for a new cold energy ‘Cryo-Powered’ regas system for use in FSRU applications.The approval has been issued to both Mitsui O.S.K.

Sempra to Decide on U.S., Mexican LNG Export Plants in 2020

© Eric Middelkoop / Adobe Stock

California energy company Sempra Energy said on Thursday it expects to make final investment decisions (FID) this year to build two new liquefied natural gas (LNG) export…

Saudi Aramco Launches Largest Shale Gas Development Outside US

Amin H. Nasser (Photo: Saudi Aramco)

Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants…

India Set to Import Record LNG Volumes

Illustration; LNG Tanker - Image by; Igor Groshev - AdobeStock

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting all-time lows due…

Global LNG Demand to Double by 2040: Shell

Image: Shell

Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell…

Nakilat Posts Record Net Profit of $270M

Image: Nakilat

Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million)  in 2019, an increase of 12.4 percent…

Shell, Qatargas Sign LNG Deal for Kuwait

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait…

Australia Becomes World's Largest LNG Exporter

Graph: Rystad Energy

Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot."Australia is set to become the world’s…

Total Rejects Force Majeure Notice From Chinese LNG Buyer

© vladsv / Adobe Stock

French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company's full-year results…

Coronavirus Paralyzes Oil, Gas Sales into China

© Riekelt / Adobe Stock

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers…

LNG Tanker Diverted from China in Sign of Weaker Demand

© nikkytok / Adobe Stock

A liquefied natural gas (LNG) tanker that had been heading to China has been diverted, data intelligence firm Kpler and two industry sources said on Tuesday, probably due…

Partners to Expand Pakistan LNG Inport Terminal

(File photo: Excelerate Energy)

Excelerate Energy announced it has agreed with partner Engro Elengy Terminal Ltd. (EETL) to expand the EETL liquefied natural gas (LNG) import terminal in Port Qasim, Pakistan.Under…

Russia Leads E&P Race in Arctic Region

Image: GlobalData

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits…