LNG

Tokyo Gas Asia Pte Ltd has announced that it has acquired a 24.9% equity interest in PetroVietnam Low Pressure Gas Distribution Joint Stock Co.

Astilleros Gondan has commissioned the first LNG-powered, dual-fuel tug constructed in Europe propelled by two Schottel thrusters fitted with the SDV45 nozzle.

As part of the Heat Technology Q&A, Hydrocarbon Engineering questioned a number of downstream heat technology experts about R&D, testing and design, efficiency improvements and the overall market outlook.

With a global glut dragging down prices, LNG suppliers are looking to build smaller and cheaper. 

Cheniere Energy is on a track to double its export capacity this year.

South Asia is emerging as a hotspot for LNG, with Pakistan and Bangladesh set to join India as major consumers.

Yamal LNG has announced that the Christophe de Margerie LNG tanker has entered the Kara Sea, and commenced its first LNG cargo journey through the Northern Sea Route.

BC Ferries has announced that the Salish Raven will commence service on 3 August 2017, which is earlier than initially expected.

The infrastructure of small scale LNG will be discussed in a panel discussion during ‘LNG Solutions: Fuelling the Future Summit’.

Baker Hughes has announced that the BHGE Board of Directors declared a cash dividend of US$0.17 per share of common stock payable 25 August 2017.

According to Reuters, Air Products has won a contract to provide cryogenic coil-wound heat exchanger technology for the Coral South floating LNG project.

McKinsey Energy Insights (MEI) has released its latest Global Gas Market Outlook.

British wholesale gas prices fell on 1 August due to higher Norwegian and LNG supply and lower exports.

Magnolia LNG has executed a Servitude Agreement with Turners Bay.

Chevron Corp. has released its results for 2Q17, reporting a net income of $1.5 billion ($0.77 per share – diluted).