Gas News

 

Congo’s First LNG Cargo to Set Sail in Coming Days

Feb 27, 2024

The first LNG cargo from Eni's Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days.With the first cargo, the Republic of the Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to global energy balance.The Congo LNG project, sanctioned in December 2022, came on stream after just one year…

Gastrade Sees Decision On Second LNG Terminal This Year

Feb 23, 2023

Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…

Wilson Sons Eyes Opportunities in Gas

Jun 29, 2021

A new gas law in Brazil aims to see liquefied natural gas (LNG) will have a relevant role in the national market, a move that could drive new opportunties on the waterfront.Wilson Sons, the largest operator of maritime and port logistics in the Brazilian market…

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

Sep 29, 2020

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through…

Qatargas Delivers LNG Cargo to Indian Terminal

Feb 04, 2020

Doha-based liquefied natural gas (LNG) producer Qatargas has supplied a commissioning LNG cargo for India's newest LNG receiving terminal, Mundra.The cargo was loaded in Ras Laffan on 17 January 2020 on the Q-Flex LNG vessel, Murwab, with an overall cargo carrying capacity of 216…

NLNG Signs LNG Supply Deal with Eni

Jan 27, 2020

African producer Nigeria Liquefied Natural Gas (NLNG) signed a long-term contract with the Italian energy major Eni SPA for the supply of 1.5 million tonnes/year of liquefied natural gas (LNG) for 10 years from Trains 1, 2, and 3 in Bonny Island…

Sempra LNG, Aramco Sign Deal

Jan 06, 2020

North American energy infrastructure company Sempra Energy and Saudi Aramco's Aramco Services Company, signed an Interim Project Participation Agreement for the Port Arthur LNG export project under development in Jefferson County, Texas.According to a press release…

Oil Majors to Raise $27Bln in Selling Spree

Nov 18, 2019

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets…

EIB Ends Financing for Fossil Fuel

Nov 17, 2019

The European Investment Bank (EIB), the EU's financing department, will bar funding for most fossil fuel projects to become the world’s first ‘“climate bank”.The bank will end its financing of oil, gas, and coal projects after 2021, and will accelerate clean energy innovation…

Babcock Wins Multiple Orders

Nov 12, 2019

UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having won 16 contracts in the LPG carrier market…

BP, Total Pact for Adnoc LNG Supply

Nov 12, 2019

The state oil giant Abu Dhabi National Oil Company (ADNOC) signed agreements with BP and Total to book the majority of its liquefied natural gas (LNG) production up to the first quarter of 2022.With the transactions, ADNOC LNG has continued to expand its footprint into new regions and markets…

Asian LPG Market to Cross $109Bln by 2024

Nov 11, 2019

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid…

Aramco Signs 34 EPC Contracts Worth $18bn

Nov 06, 2019

Saudi Aramco has signed 34 engineering, procurement and construction (EPC) related contracts (worth over US$18bn) for projects such as the Marjan and Berri field incremental development program in Saudi Arabia, during Q3 2019, according to GlobalData…

LNG Terminals Market to Grow 3% by 2022

Nov 05, 2019

The large-scale LNG terminals market size is expected to post a CAGR of close to 3% during the period 2018-2022, according to the latest market research report by Technavio.The rising demand for clean fuels is one of the major reasons for the growth of the large-scale LNG terminals market…

Bahri Profits Up in Q3

Oct 22, 2019

The owner and operator of very large crude carriers Bahri announced strong financial results for the third quarter ended September 30, 2019, on the back of solid growth in the logistics services sector.The National Shipping Company of Saudi Arabia said that its net profits soared 80…

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