LNG

Greek gas company DEPA will take part in a market test for the development of a liquefied natural gas terminal in northern Greece.

Gunvor posted its lowest net profit last year since at least 2011 due to major investments to set-up a US trading presence and a prolonged planned turnaround at one of its refineries.

Exxon Mobil is pushing ahead with efforts to develop its US$15 billion Far East LNG project with Russia’s Rosneft despite being forced to exit some joint ventures due to Western sanctions.

Asian spot prices for LNG firmed over the past week.

The sale will see Santos exiting from Vietnam, Indonesia, Malaysia and Bangladesh.

Upon completion of the transaction, McDermott stockholders will own 53% of the combined company, while CB&I shareholders will own approximately 47%.

The LNG bunkering vessel Cardissa and the ice-class Coral Energice were loaded at the same time – a first for Gate Terminal.

Adjusted operating profit of €746 million in 2017.

Australia’s trade surplus swelled to a 10-month peak in March as resource exports boasted a bumper run.

Commodities trader Glencore has formed a joint venture with China’s Zhejiang Petroleum to trade energy products.

Venture Global LNG enters LNG sales and purchase agreement with Galp for 1 million tpy.

British wholesale gas prices retreated on 2 May as anticipated LNG arrivals in France and Belgium, as well as falling coal, weighed on Continental prices.

The full strategic and technical conference programme for Gastech 2018 is expected to be released this week.

Sub-Saharan Africa’s gas production will grow by 18% by 2021 to 9.1 billion ft3 per day.

A clean, reliable power supply is critical for offshore oil and gas assets.