Liquefaction

The global glut plaguing LNG markets may start to dwindle in five years according to a new report.

Asian spot LNG prices rose to their highest since mid-February this week.

Prices for LNG spot cargoes for Japan hit a five-month high in August.

Baker Hughes has announced a major subsea contract from Petrobel for phase two of the supergiant Zohr Gas Field.

According to Reuters, India has renegotiated the price of LNG from the Gorgon project in Australia, in order to make it more affordable for price-sensitive domestic customers.

Wood Group has announced that it has signed a new five-year contract with INPEX Operations Australia Pty Ltd to provide subsea engineering services for the integrity of the Ichthys LNG project.

NextDecade Corp. has announced that Patrick Hughes has been appointed Vice President, Corporate Strategy.

Santos and its Gladstone LNG joint venture partners will supply 30 PJ of gas to customers including power companies on the country’s east coast over the next two years.

Gazprom has also clarified certain provisions in the memorandum of understanding it signed with the JBIC last year.

Keppel O&M has entered into a Heads of Agreement with Pavilion Energy and Indonesia state-owned PT Perusahaan Listrik Negara.

The US Federal Energy Regulatory Commission has issued a letter granting Dominion Energy Cove Point LNG LP authorisation to introduce hazardous fluids and carry out related commissioning activities.

South Korea is lining up plans to lift its power production capacity by up to a tenth by 2030.

Halfwave has announced that it has been awarded a long-term contract by INPEX Australia for multiple in-line inspections.

Project undertaken for major LNG operator in North America.

Petrofac has been awarded a contract by Sakhalin Energy for its onshore processing facility on Sakhalin Island.