South Korea’s LNG importing giant Kogas has reportedly gone into an arbitration with Australia’s North West Shelf export project led by Woodside. Kogas is looking to settle a liquefied natural gas contract that ended in 2016, Reuters reported on Monday citing a Kogas spokesperson. The arbitration re
The Australian Petroleum Production and Exploration Association has hit back at a report by the Australian Workers Union suggesting stricter liquefied natural gas LNG (export) restrictions. The “Shipping Away Our Competitive Advantage” report released on Monday “confirms that the AWU’s campaign to c
Australian liquefied natural gas (LNG) exports rose 5.6 percent in January to 5.6 million tonnes as compared to the previous month, according to a report by the energy consultancy, EnergyQuest. Australian LNG export projects shipped a total of 84 cargoes last month, compared to 79 cargoes in Decembe
GAC Russia, a unit of the Dubai-headquartered GAC Group, has won a contract by the Novatek-operated Yamal LNG export project in Russia. Yamal LNG has appointed GAC Russia to manage its fleet of ice-breaker tankers at Sabetta port where the liquefaction facility is located for the next three years. U
US LNG export player Cheniere Energy said on Friday it had entered into two liquefied natural gas sale and purchase agreements with state-owned China National Petroleum Corporation. This is the first long-term contract for US LNG supplies to China, currently the world’s second-largest LNG importer.
Italian truck maker Iveco and BNP Paribas Leasing Solutions, a unit of the French banking group, said they have joined forces to help transport operators to renew their fleets with more “environmentally-friendly” commercial vehicles. Under the deal, the purchasers of Iveco vehicles featuring its Nat
Prices for liquefied natural gas (LNG) in Asia rose this week as persistently cold weather in North Asia forced buyers to enter the spot market to replenish inventory. Spot prices for March LSG-AS delivery in Asia climbed 40 cents to $10.60 per million British thermal units (mmBtu) this week, Reuter
Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to export US shale gas overseas, has sent out more cargoes in the week ending February 7 as compared to the previous week, according to the Energy Information Administration. Six LNG vessels with a combined
Construction is progressing on the Tangguh expansion project which includes the addition of a third train at the BP-operated LNG export facility in Indonesia. The expansion project will add a liquefaction unit of 3.8 million tons per annum (mtpa) of production capacity to the existing facility in Pa
The number of liquefied natural gas (LNG ) carriers transiting the expanded Panama Canal is reportedly expected to rise 50 percent by September. The expanded canal received 60 LNG tankers in the last quarter of 2017 and soon expects to handle one LNG vessel per day, Reuters reported on Wednesday cit
A keel laying ceremony was held this week for a tanker with liquefied natural gas (LNG) propulsion at China’s Avic Dingheng Shipbuilding. The intermediate product and chemical tanker is the fourth of six LNG-fueled vessels ordered by the partners in the Swedish Gothia Tanker Alliance, Furetank, Älvt
India is reportedly planning to add 11 more liquefied natural gas (LNG) import terminals as the country is boosting the share of gas in its energy mix. The country currently imports LNG via four facilities, namely Petronet’s Dahej and Kochi LNG terminals, Shell’s Hazira plant, and the Dabhol termina
Woodlands-based Anadarko said Tuesday it made “meaningful progress” with its giant liquefied natural gas (LNG) export project in Mozambique. The US company said in its fourth-quarter report it completed the legal and contractual framework and began the resettlement process to prepare the onshore loc
South Korea’s Hyundai Mipo Dockyard and the UK-based Lloyd’s Register have teamed up on what they claim to be the world’s first ballast-free liquefied natural gas (LNG) bunkering vessel. Germany’s Bernhard Schulte placed the order for the 7,600-cbm bunkering vessel back in 2016. Once completed, it w
