Tagged Downstream

LNG Alliance signs up to COMET in India

By Adnan Bajic TruMarx Data Partners, developers of the COMET energy marketplace, and LNG Alliance (Singapore) have inked a cooperation MoU. Illustration only (Courtesy of BV) Under the agreement, TruMarx Data Partners will support LNG Alliances business objectives with software and data solutions including the COMET Marketplace for the LNG/Gas trading and distribution platform in…

Novatek starts up Magnitogorsk small-scale LNG plant

By Adnan Bajic Novatek, Russia’s largest independent natural gas producer, has launched its first small-scale LNG plant in the Chelyabinsk region. Illustration only (Courtesy of Novatek) The LNG major noted the facility will have a capacity of 40,000 tons of LNG per annum. Novatek’s unit, Novatek-Chelyabinsk, commenced pilot LNG production, the company’s statement reads. The…

Australia’s Viva to start FEED work for Geelong FSRU project

By Mirza Duran Australia’s Viva Energy aims to start front-end engineering and design work on a planned LNG import terminal at its Geelong refinery by the end of this year. Geelong refinery (Image: Viva Energy) The downstream player announced earlier this year it plans to build the LNG import facility that includes installing an FSRU…

Chevron wraps up Puma acquisition in Australia

By Mirza Duran US energy giant and LNG operator Chevron has completed the acquisition of Puma Energy’s Australian commercial and retail fuels business. Image: Chevron Singapore’s Puma Energy, majority-owned by Trafigura and Sonangol, sold all off shares and equity interests in the Australian business to Chevron’s downstream unit. The deal has a price tag of…

Qatar Petroleum to integrate chemicals firm Muntajat

By Mirza Duran State-owned LNG giant Qatar Petroleum said on Thursday it will integrate chemical distributor Muntajat as part of efforts to further strengthen its downstream business. Saad Sherida Al-Kaabi (Image: Qatar Petroleum) The integration of Chemical and Petrochemical Marketing and Distribution Company will enable QP to continue expanding its global reach, it said in…

Eni, KOGAS ink LNG MoU

By Adnan Bajic Italian oil and gas company Eni signed an energy and LNG sector cooperation MoU with Korea Gas Corporation. Courtesy of Eni The memorandum of understanding was signed by Eni CEO Claudio Descalzi and KOGAS president and CEO Hee-bong Chae. Under the agreement, the companies aim to identify specific cooperation opportunities in different…

Australia Pacific LNG ships 500th cargo

By Mirza Duran The Australia Pacific liquefied natural gas (LNG) plant, run by ConocoPhillips, has shipped its 500th cargo of the fuel since it started operations in 2016. Image courtesy of ConocoPhillips Australia The 174,100 cubic meters CESI Tianjin loaded the milestone cargo and departed the Curtis Island facility near Gladstone on Thursday, according to…

BP profit slips on demand destruction and low prices

By Nermina Kulovic Oil major BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis. BP on Tuesday posted an underlying replacement cost profit for the first quarter of $0.8 billion, compared with $2.4 billion for the same period a year earlier….

AG&P breaks ground at Karaikal LNG terminal

By LNG World News Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has broken ground on its LNG import facility at Karaikal Port, Puducherry, in South India. Read Full Article Here For more great articles: LNG World News

AG&P expands small-scale LNG tech portfolio

By LNG World News Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) said it has expanded its proprietary technologies portfolio for small-scale bunker vessels and LNG-to-power barges. Read Full Article Here For more great articles: LNG World News