Samsung Heavy Industries (SHI), one of the world’s largest shipbuilders, said Thursday it has secured orders worth $405 million for two 174,000 cubic meter (m3) liquefied natural gas (LNG) carriers from Malaysian-based shipping firm MISC Berhad.
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Articles from Tim Daiss
Qatar’s announcement on Tuesday that it remains committed to expanding its natural gas exports worldwide by 2024 brings into focus the question of when the ongoing supply glut in global liquified natural gas (LNG) markets could come to an end.
Russia’s energy minister on Wednesday reportedly said the United States does not appear to be prepared to allow for global market competition when it comes to natural gas exports.
Tokyo Gas, Japan’s largest natural gas utility, is joining like-minded gas importers and plans to renegotiate long-term liquefied natural gas (LNG) contracts to remove restrictive destination clauses and increase flexibility.
Japan’s Minister of Economy, Trade and Industry (METI) Isshu Sugawara said Thursday $10 billion would be invested in liquefied natural gas (LNG) projects worldwide by the country’s private and public sectors.
Pakistan selected several groups of companies last week to build five new liquefied natural gas (LNG) import terminals in the country.
Facing a projected natural gas supply shortage that could begin next year, state-owned PetroVietnam said earlier this month that along with its partners it plans to start construction of the Thi Vai liquefied natural gas (LNG) import terminal, Vietnam’s first, in the southern Ba Ria-Vung Tau province.
Perth-based Woodside Petroleum Ltd. signaled Wednesday that it will give no ground on taking its Australian natural gas resources to global markets after securing a supply deal with a top German power generator.
Nigeria LNG (NLNG) said Wednesday it has a letter of intent (LOI) with the SCD consortium for a seventh train at the Bonny liquified natural gas (LNG) plant in the Niger Delta. The consortium is made up of Saipem SPA, Chiyoda Corp. and Daewoo E&C.