LNG

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.

The winners of Iraq’s latest bid round will need to keep costs low to achieve competitive returns compared to previous contracts.

The multi-sector industry coalition, which advocates the adoption of LNG as a marine fuel, argues that Norway’s unilateral domestic CO2 tax on LNG fuel is ‘significantly unhelpful’ and is likely to increase emissions.

India asked Japan to help build infrastructure needed to boost the usage of LNG in India and elsewhere in Asia.

The field is located in the Barents Sea, north of the Arctic Circle and will be developed with an FPSO and subsea installation with 30 wells.

46% of senior professionals in the sector believe there has been underinvestment in inspection and maintenance of infrastructure and equipment in recent years. Just a quarter (28%) said that they expect to increase spending on safety in 2018.

The Panama Canal has welcomed the inaugural transit of the LNG Sakura, which carried the first-ever LNG shipment from the Dominion Cove Point terminal in the US to Japan last weekend.

The LNG-fuelled ferry is the first passenger ship in the world equipped with a rotor sail for wind-assisted propulsion.

LNG terminal at Jaigarh Port to enable development of local port-based industries.

Global energy industry association’s sign on to the Methane Guiding Principles to increase focus on reducing methane emissions across natural gas value chain.