LNG - 15 February 2018

Kumul Petroleum has signed a binding HoA with Total for the joint marketing and sale of their shares of LNG and condensates to be produced by the Papua LNG Project.

The keel for Sirius Shipping's new oil/chemical tanker, soon to be acquired by Esso Norway, has been laid.

The introduction of LNG fuel engines in ships have gained popularity in recent times.

Record earnings boost appetite.

Reports suggest that Russia and Saudi Arabia are seeking ways to build on the success of their cooperation in the oil market, by agreeing new energy agreements which include an LNG project.

Operations have been suspended at Peru’s sole LNG plant because of a lack of supply caused by a 3 February pipeline rupture.

Hexagon Lincoln has been awarded a contract to supply high-pressure CNG TITAN® tanks for fuel storage onboard a LNG gas supply vessel being built for Babcock Schulte Energy.

NERA has announced funding of AUS$2.1 million for eight national projects aimed at improving the global competitiveness of the sector.

Saudi Aramco and its partners have chosen Posidonia 2018 for the global unveiling of its International Maritime Industries (IMI) joint venture.