Over the past two years, weakening fundamentals and much lower oil prices have resulted not only in lower gas prices but also in strong convergence across regional benchmarks, the International Energy Agency (IEA) said. In the first five months of this year, the average differential between Asian LN
The process of market rebalancing is likely to take longer for gas than for oil, according to the International Energy Agency (IEA). While the IEA expects global oil markets to start rebalancing in 2017, it does not foresee oversupply in traded gas markets improving meaningfully before the end of th
French LNG player Engie, on Monday said it has named Sébastien Arbola as CEO of the Middle East, South & Central Asia and Turkey (MESCAT) business unit, effective September 2016.
Novatek of Russia, the operator of the Yamal LNG project is looking to set up a joint venture with Qatargas, according to Alexander Novak, Russian energy minister.
Aker Solutions said it has secured a contract to deliver its “longest-ever” umbilicals system at the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. The agreement with Petrobel, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Eni, is worth more th
Houston-based Noble Energy on Thursday informed it has received governmental approval for the development of the Leviathan project offshore Israel.
Qatar’s Nakilat, the world’s largest LNG shipper, said its Q-Max LNG carrier Al Samriya recently transited around Cape of Good Hope for the first time, en-route to UK’s South Hook LNG terminal. The Cape of Good Hope is a rocky headland on the Atlantic coast of the Cape Peninsula, South Africa. The L
Lithuania has shown interest in taking part in Iranian LNG projects, according to Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading.
Fluxys-operated Zeebrugge LNG terminal is scheduled to receive a cargo of liquefied natural gas mid-June.
The UK’s South Hook LNG terminal is set to receive the first June cargo of liquefied natural gas from Qatar.
Delek Group on Monday said that, together with its Leviathan gas field partners, Noble Energy, Avner Oil Exploration and Delek Drilling, it has signed a US$3 billion gas supply deal with I.P.M. Beer Tuvia.
Angola LNG re-starts production The Chevron-led $10 billion Angola LNG project has started producing chilled gas with first cargoes to be available soon on a tender, the project’s spokeswoman told LNG World News on Tuesday. Shell to slash more jobs LNG giant Royal Dutch Shell said it will increase t
The state of Oman has increased its tax on LNG companies from 15 percent to 55 percent in a joint meeting of the State Council and Majlis Al Shura, the country’s Consultative Council.
State-owned Qatar Petroleum could begin exporting liquefied natural gas from its Golden Pass project near Sabine Pass, Texas in 2021, according to Abdullah al-Attiyah, a government advisor on energy issues.
