Tagged LNG

European trio signs deals for DESFA stake acquisition

Rate this article By LNG World News The European consortium consisting of Italy’s Snam, Spain’s Enagás and Belgium’s Fluxys signed on Friday in Athens several deals for the acquisition of a 66 percent interest in DESFA, operator of the Greek gas grid and the Revithoussa LNG terminal. The agreements were signed with the Hellenic Republic…

Dutch Vopak buys stake in Pakistan’s 1st LNG terminal

Rate this article By LNG World News Dutch tank storage company Vopak signed a deal with Engro Corp to buy a 29 percent stake in Pakistan’s first liquefied natural gas (LNG) import facility. Vopak said on Friday it will invest in Elenergy Terminal Pakistan, whose subsidiary Engro Elenergy Terminal (EETPL) operates the LNG terminal that…

Chart’s Q2 profit, sales rise

Rate this article By LNG World News US LNG equipment maker Chart Industries on Thursday reported second-quarter profit of $12.3 million as compared to $2.8 million in the year before. The equipment maker posted sales revenue of $319.9 million in the period, a rise of 34 percent over the second quarter of 2017. Orders of…

US LNG exports up on week to six cargoes

Rate this article By LNG World News Liquefied natural gas (LNG) exports from the United States rose during the week that ended July 18, the Energy Information Administration said in its weekly natural gas report. Six LNG carriers with a combined capacity of 21.7 billion cubic feet per (Bcf), departed the United States from July…

PNG LNG in mid-term deal with PetroChina

Rate this article By LNG World News The ExxonMobil-operated PNG LNG project has entered into a mid-term sale and purchase agreement with PetroChina for the supply of liquefied natural gas starting in July 2018. The mid-term deal is for the supply of about 0.45 million tonnes of LNG per year over a three-year period from…

US Elba Island LNG export project pushed back

Rate this article By LNG World News US energy firm Kinder Morgan said on Wednesday that the start-up of its Elba Island liquefied natural gas (LNG) export project near Savannah, Georgia had been pushed back. Initial in-service date for the liquefaction facility located near the existing import facility at Elba Island is now expected in…

Japan’s LNG imports down 10.3 pct in June

Rate this article By LNG World News Japanese imports of liquefied natural gas (LNG) dropped 10.3 percent in June as compared to the same month a year ago, according to the provisional data released by Japan’s Ministry of Finance. Japan, the world’s top LNG buyer, imported 5.55 million tonnes of LNG last month. This was…

Report: Woodside exits Sempra’s Port Arthur LNG export project

Rate this article By LNG World News Australian LNG player Woodside has reportedly decided to walk out of the Port Arthur LNG export project in Texas, led by the San Diego-based Sempra Energy. Bloomberg reported on Thursday citing Woodside Chief Executive Officer Peter Coleman as saying that the Australian company informed Sempra it was quitting…

Santos revenue climbs on higher prices

Rate this article By LNG World News Australian LNG player Santos, the operator of the GLNG project, saw its half-year revenue rise revenue rise due to higher oil and gas prices, despite lower production. First-half sales revenue rose 16 percent to $1.7 billion as compared to $1.45 billion last year. Santos said in a report…

Woodside’s Q2 revenue boosted by Wheatstone LNG

Rate this article By LNG World News Australian LNG operator Woodside on Thursday reported a 20 percent rise in its second-quarter revenue, boosted by the ramp-up of production at the Wheatstone LNG project and higher oil prices. Woodside’s sales revenue for the second quarter stood at $1.08 billion, compared with $867 million a year ago….