LNG

Nakilat recorded a net profit of QR 749 million in 3Q16.

The CEO of Gazprom, Alexey Miller, has reportedly said that the company is looking to renegotiate an LNG supply deal with India’s Gail (India) Ltd within the coming six months.

Wärtsilä has announced that it has signed a contract with LaNaval shipyard in Sestao, Spain, for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry.

Caterpillar Marine will install its MaK M 46 DF dual fuel engines on a new generation of cruise ships.

Although the global gas market may be descending into the tunnel of oversupply, Timera Energy suspects that this tunnel is shorter than many people think.

Nigerian lawmakers are reportedly looking to amend the 1989 law that established the Nigeria LNG partnership – a move that the company’s CEO says could negatively affect investment.

A new report from The Conference Board of Canada suggests that opportunities still exist for Canada’s LNG industry, despite lower prices.

Origin Energy has announced the successful extension of AUS$4.5 billion of bank debt facilities.

Cue Energy Resources Ltd has announced that it has executed agreements with BP Developments Australia Pty Ltd.

The commercialisation of the natural gas-fired power generation project in Soma Port, Japan, as well as the participation of three new shareholders, has been approved at a recent Fukushima Gas Power Co. Ltd shareholder meeting.

Woodfibre LNG has announced that geotechnical work has commenced on the site for the proposed LNG processing and export facility in Squamish, British Columbia, Canada.

The President and CEO of Qatar Petroleum is to hold talks with senior executives of major Japanese energy companies during a working visit to Tokyo.

According to Reuters, India’s Oil Minister, Dharmendra Pradhan, has told a news conference that the country is planning to more than double its LNG import capacity in the next year.

Driftwood LNG has filed an application with the US DOE for long-term, multi-contract authorisation to export LNG.

Timera Energy looks at how the global market will clear the evolving gas glut and how this will impact the evolution of pricing dynamics and the gas market investment cycle.