Tagged Prices

Record output lifts Aker BP profit

Rate this article By Nermina Kulovic Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic. The post Record output lifts Aker BP… … Read Full Article Here For more great articles: Offshore Energy Today

New Fortress Energy terminates Centrica LNG deal

Rate this article By Adnan Bajic New York City-based New Fortress Energy has terminated its LNG supply agreement with Centrica. Courtesy of New Fortress Energy New Fortress Energy has decided against purchasing any additional LNG from Centrica for the remainder of 2020 in exchange for a payment of $105 million. As a result, New Fortress…

Japan’s spot LNG prices hit new lows in May

Rate this article By Adnan Bajic Prices of spot liquefied natural gas (LNG) imported into Japan have reached their lowest point in May. Courtesy of Tokyo Gas To remind, Japanese Ministry of Economy, Trade and Industry (METI) started compiling the data in March 2014. In its latest monthly report, the ministry noted the contract-based spot…

Poland’s PGNiG profit hit by impairments

Rate this article By Mirza Duran Poland’s dominant gas firm and LNG importer PGNiG reported a 29 per cent lower net profit in the first quarter, hit by impairments. Swinoujscie LNG terminal (Image: PGNiG) Quarterly net profit stood at 779 million Zlotys ($196m) when compared to 1.1 billion Zlotys in the January-March period last year….