LNG

Cuts power consumption by almost 70%.

The Board of Directors of Saipem S.p.A. has approved the Saipem Group’s Interim Report to 30 September 2017.

Novatek has signed an agreement that will facilitate the building of a sea terminal facility for reloading LNG at Kamchatka.

Following recent media speculation, ENGIE confirms it has launched a strategic review of its upstream and midstream LNG activities.

Nakilat have reported a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016.

The IEA have said global LNG markets will remain oversupplied into the 2020s due to a surge in production, although soaring demand may tighten the market earlier than expected.

US LNG project developer Tellurian Inc. is offering billions of dollars in equity in its Driftwood project in Louisiana to make it more attractive for buyers.

French utility Engie is in talks over the possible sale of its LNG division to Total.

Asian spot LNG prices have fallen as reluctant buyers submitted lower bids, Egypt’s call for 12 shipments in Q1 2018 has undershot expectations, and China appears to have covered LNG demand for the last quarter of 2017.

GasLog Partners LP has announced the closing of the partnership's acquisition from GasLogLtd. of 100% of the shares in the entity that owns and charters Solaris.

IVECO has placed an order for 500 trucks powered by LNG.

Orders of US$5.7 billion for the quarter.

Revenues for the first nine months were down 4.6% on the first nine months of 2016.

The ‘LNG market analysis by application (transportation fuel, power generation, mining & industrial), by region and segment forecasts, 2014 – 2025’ report has been added to Research and Markets' offering.

Chart opens Shell LNG truck refuelling station in Waddinxveen.