Höegh LNG posts profit, signs FSRU deal with Gas Natural Fenosa

By LNG World News Norway-based FSRU provider, Höegh LNG, reported a profit of $1.1 million for the third quarter of 2017, down from the $3.3 million in the corresponding period last year. The company’s total income for the period reached $64 million, rising above the $58 million reported in the third quarter of 2016, Höegh…

Pakistan FSRU consortium dissolves

By LNG World News The consortium between Höegh LNG, Qatar Petroleum, Total, Mitsubishi and ExxonMobil formed to advance an LNG import project in Pakistan has been dissolved. “The consortium has spent considerable time and resources on finding its final form and structure,” Höegh LNG said on Thursday, adding that by mid-November no agreement with Global…

Chevron shuts down Gorgon LNG Train 3 for maintenance

By LNG World News Image courtesy of ChevronUS-based energy giant Chevron has reportedly shut down operation at the third liquefaction train of its Gorgon LNG plant on Barrow Island in Western Australia. The train was shut for planned maintenance on Wednesday and is set to restart operation by December 25, trade sources told Reuters. While…

Rovco secures investment to aid company growth

By _Offshore_Energy_Today_ UK subsea company Rovco has secured a six-figure investment from London-based Sustainable Ventures to help fast-track the company’s growth plans. Read Full Article Here For more great articles: Offshore Energy Today Comments comments

US LNG exports rise on week to 6 cargoes

By LNG World News Sabine Pass Trains 1-4 (Image: Cheniere)Cheniere’s Sabine Pass liquefaction terminal in Louisiana has shipped more cargoes in the week ending November 15 as compared to the previous week, according to the Energy Information Administration. Six vessels with a combined LNG-carrying capacity of 21.6 billion cubic feet (Bcf) have departed the plant…

South Korea’s Oct LNG imports down 15 pct YoY

By LNG World News Pyeongtaek LNG import terminal (Image courtesy of Kogas)Liquefied natural gas (LNG) imports into South Korea, the world’s second-largest buyer of the fuel, dropped 15 percent in October, according to the customs data. The country imported 2.76 million mt of LNG in October as compared to 3.25 million mt in the corresponding…