LNG
PetroVietnam Gas signs deal for first LNG cargo from Shell Eastern Trading
PetroVietnam Gas said it had signed a contract to buy Vietnam’s first liquefied natural gas cargo from Singapore-based Shell Eastern Trading.
Germany cannot be relaxed about Baltic LNG capacity, senior official says
Germany cannot be relaxed about the need for LNG terminals in the Baltic Sea, a high-ranking economy ministry official said, a week after plans emerged to scale down the region's Mukran project after local resistance.
Spot LNG price drops to level that's not too hot, not too cold
The spot price of LNG in Asia is in the sweet spot of being low enough to boost buying interest, but not so low that it sparks a surge in demand.
Take the mystery out of running your LNG plant
While process simulation software can be used by plant engineers to calculate the dewpoint temperature of mixed refrigerant, this is of limited use to the plant operators at the control panel in maintaining an appropriate amount of mixed refrigerant superheat as they adjust the plant. To address these challenges, the authors’ company has developed a simplified method of calculating mixed refrigerant superheat that can be programmed in the distributed control system (DCS) and made available to panel operators.
How tech is laying the foundation for future LNG success and compliance
This article details some of the ways LNG operators are embracing and deploying technology to close the gaps that exist in their ESG compliance infrastructures and emerging operational needs.
Asian spot LNG prices slip to 2-year low on tepid demand
Asian spot LNG prices slipped to their lowest level in two years on weak demand and high inventories, while European LNG prices also fell below the $10 mark amid healthy stock build and limited need for additional supply.
Lower gas prices to push up India's FY24 gas demand by 7%
Indian gas utility GAIL (India) Ltd sees local gas demand growing by 6%-7% in the fiscal year to March, driven by lower prices and the resumption of supply under a deal with the former unit of Russia's Gazprom.
Japan embraces G7's gas support but companies may face long-term problems
Japan's energy companies were quick to embrace the G7's support for natural gas investment in their statement last month but analysts caution that relying on the fossil fuel may open the companies up to long-term problems.
Philippines' First Gen seeks one LNG cargo for FSRU commissioning in Sept
Philippine power producer First Gen Corp will issue a tender probably in the next two weeks for one LNG cargo for delivery in September.
Vietnam bets big on LNG, South China Sea gas fields amid supply, security risks
Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported LNG and its reserves in the South China Sea, despite supply and geopolitical risks.
The EU will ban Russian LNG 'sooner than later,' Spain’s energy minister says
European Union countries will agree sooner rather than later to ban import of LNG from Russia.
Cheniere strikes LNG supply deal with Korea Southern Power
Cheniere Energy Inc said it has entered a long-term deal to supply LNG to Korea Southern Power Co Ltd.
Germany's LNG import terminals tackle challenges
A German government-backed LNG terminal project at Mukran on Ruegen island in the Baltic Sea, near existing LNG reception facilities delivering into the mainland port of Lubmin, will be downsized.
Executives say Australia gas moves may hit long-term energy investment
The Australian government's repeated intervention in domestic gas prices could have long-term repercussions on investments in its wider energy sector, industry executives warned.
Bangladesh rocked by power cuts as cyclone hits gas supply
Bangladesh faced its worst power cuts in over seven months as a deadly storm forced the closure of both its floating LNG terminals, less than a month after a scorching heatwave caused widespread outages in the south Asian country.
Woodside open to talks with Chinese firms for Scarborough gas project
Woodside Energy Group said it is open to talks with Chinese firms to invest in its $12-B Scarborough liquefied natural gas project in Australia.
Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
Technip Energies is pleased to announce that a joint venture, led by Technip Energies in partnership with Consolidated Contractors Company, has won a major Engineering, Procurement, Construction and Commissioning contract by QatarEnergy for the onshore facilities of the North Field South Project.
Germany scales down LNG terminal plans as supply crisis eases
Germany will almost halve planned capacity for LNG terminals in the Baltic Sea as Berlin revaluates its LNG needs given local resistance and an easing of energy bottlenecks.
Shell halts production at Prelude floating LNG facility
Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes and is working through steps to restart production at the world's largest floating LNG platform.
Asian spot LNG prices fall for third straight week to near 2-yr low
Asian spot LNG prices fell for the third straight week to the lowest level in nearly two years due to weak demand from top regional importers and as inventories remained high.
U.S. permit crackdown poses new hurdles for proposed LNG projects
The U.S. Department of Energy's refusal to grant export permit extensions to LNG developers that fail to meet a construction deadline poses a new hurdle for greenfield plants.
ADNOC Gas reports Q1 2023 net income of $1.3 B, up 9% year-on-year
ADNOC Gas plc announces its first quarterly financial results since its formation and initial public offering, for the three months ended March 31, 2023.
Finland's Gasum not taking LNG from Russia's Kryogaz
Finnish energy provider Gasum has not been taking cargoes of liquefied natural gas for about a month from the Russian Kryogaz-Vysotsk plant controlled by Novatek citing data from analytics group Kpler.
UAE's ADNOC says 'business as usual' in Asia
Abu Dhabi National Oil Company sees no dip in demand from Asian customers as cheap Russian oil flows into the continent on the back of Western sanctions on Moscow, a senior executive said.
GAIL plans $4.9-B ethane cracker in West India
GAIL Ltd, the country's top gas supplier, plans to build a $4.89-B ethane cracker near its LNG import plant in Western India as it seeks to meet an expected surge in demand.
Spain's Endesa faces $411-MM claim in LNG contract dispute
Spanish power utility Endesa faces a claim of $411 MM as part of an arbitration process launched by a liquefied natural gas producer in March.
Osaka Gas sees profit jump in FY23/24 after Freeport LNG restarts
Japan's Osaka Gas Co predicted that its net profit will double to ¥116 B in the current fiscal year to March 2024 after the restart of exports from the U.S. liquefied natural gas company Freeport LNG.
PetroVietnam Gas gets country's first LNG import-export approval
PetroVietnam Gas said it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
Equinor's Hammerfest LNG plant offline after outage
Equinor's Hammerfest LNG plant in Arctic Norway suffered a compressor failure and is expected to remain offline until May 19.
Asian spot LNG prices hit 23-month low amid weak restocking demand
Asian spot LNG prices hit a 23-month low on mild weather and weak restocking demand in China, Japan and Korea, while Europe enjoys 60% full inventories ahead of summer.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
