LNG - 05 February 2020

An executive from Japan’s Inpex Corp. is predicting oversupply in the LNG market until mid-2020, at which point they expect demand from southeast Asia and India to pick up.

Adriatic LNG has reported strong results for 2019, a year in which it celebrated its 10th anniversary and achieved new activity records.

The world’s largest LNG bunker supply vessel, Nauticor’s ‘Kairos’, has conducted its 100th LNG bunker supply operation.

In the last year, Eesti Gaas has observed increases of almost 50% in its electricity sales and its LNG sales have been buoyed by expansion into foreign markets.

According to Reuters, an LNG tanker that had been travelling to China has been diverted, most likely due to lower demand caused by the coronavirus situation.

UPTIME International AS has won a contract from Eiffage Génie Civil Marine for supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG Project offshore Mauritania and Senegal.

Emerson has reported its 1Q20 results and updated its full year guidance.

The Port of Antwerp has announced that Titan LNG has carried out the first ship-to-ship LNG bunkering operation at the port.

Eni has announced that it has signed a memorandum of understanding with Bahrain’s Tatweer Petroleum to collaborate in the energy sector.