U.S. approves four LNG export projects, just as doubts are cast
Four liquefied natural gas export projects were cleared by the top U.S. energy regulator in a single day as a global supply glut casts doubt on whether they all will…
Occidental Petroleum Corp to step up oil and gas property sales
Occidental Petroleum Corp is stepping up its oil and gas-producing property sales, adding land in Utah's Uinta Basin acquired as part of its US$38 billion deal for Anadarko Petroleum, according…
Indonesia’s PGN signs LNG supply deal with Sinopec in 2020
Indonesia's state-owned gas utility Perusahaan Gas Negara or PGN has signed a short-term deal to supply LNG to China's state-run Sinopec in 2020, PGN's strategy and business development director Syahrial…
LNG-Asian spot prices drop for 3rd week amid arrival of winter
Asian spot prices for liquefied natural gas (LNG) fell for a third consecutive week on expectations of a mild winter denting demand amid ample global supply, trade sources said. Spot…
LNG demand in southeast Asia to double by 2025
Booming economies, growing populations and increasing gas-fired power requirements will more than double the demand for LNG in southeast Asia to 25 mta by 2025. Underpinning this demand will be…
Total’s First LNG Bunker Vessel Launched Following Contract With Mitsui O.S.K Lines
Total has launched its first large LNG bunker vessel, following a long-term charter contract between Total and Mitsui O.S.K. Lines (MOL) in February 2018. After delivery in 2020, the bunker…
Shipping costs of LNG soar highest since 2013
The cost of chartering a liquefied natural gas vessel on the short-term market has jumped the most since at least 2013. The day rate for a standard tanker East of…
Exxon awards contract for Africa’s LNG project
Exxon Mobil Corp. awarded a JGC Corp.-led group a contract to develop its Mozambique liquefied natural-gas project, which is set to be the biggest-ever private investment in Africa. Japanese company…
Enbridge oil
Europe’s Gas Demand Soars as Dutch Folds Off Largest Gas Field
Europe’s energy landscape will be completely changed once the Dutch shut down the largest gas field on the continent years ahead of schedule, according to Rystad Energy. The Netherlands recently…
Pakistan Green-Lights Exxon, Shell to Set Up LNG Terminals
Pakistan has given provisional permission to five developers, including partnerships with Exxon Mobil and Royal Dutch Shell, to set up LNG import terminals. The developers are now required to submit…