Bangladesh sees stalled FLNG terminal starting operations in days
A vessel that arrived in Bangladesh in April to offload its maiden cargo of LNG and moor permanently as an import terminal should begin operations “within a week”.
Regasification
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Höegh LNG secures debt financing for ninth FSRU
Höegh LNG Holdings Ltd. has received commitment letters for debt financing for its ninth FSRU which is scheduled to be delivered in Q4 2018.
Rise in India’s LNG imports
India Ratings and Research has published the July 2018 edition of its credit news digest on India’s oil and gas sector.
EU earmarks €278 million for four new LNG import terminals
The European Commission has earmarked €278 million for four LNG import terminals due onstream between 2018 and 2020.
US bets on new European LNG terminals
US President Donald Trump expects the EU to fund 9 to 11 LNG ports to absorb more shipments from the US but current EU investment in new projects will only help open small markets.
Prices rise as heat grips Japan
Asian spot LNG prices rose as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China.
Bureau Veritas issues new FSU notations
Bureau Veritas has issued new and updated notations and guidance to support the construction and operation of both FSRUs and FSUs.
South Korea to lower LNG tax for power generation
South Korea plans to increase its tax on thermal coal, while lowering the tax on LNG to support the use of cleaner fuels for power generation.
Total acquires two gas power plants
Total has announced that it has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants in the North and East of France.
Shell launches US$25 billion buyback plan
Royal Dutch Shell launched a long-anticipated US$25 billion share buyback programme on 26 July as its debt eased while second quarter profits came in far below forecasts.
Norway's Equinor Q2 core earnings lag forecasts
Equinor said on 26 July that Q2 adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields.
US clears path for faster natural gas exports to Latin America
The US Energy Department on 25 July cleared the way for faster approval of small scale exports of natural gas including LNG to Latin American countries.
BP, Eni and Shell are best-in-class
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn.
Snow flurries in July signal more work
On a hot sunny day in July, Europe’s largest port is busy loading LNG onto a tanker, creating snow flurries during a heat wave.
LNG import plan for South Australia targets first gas in mid-2020
Venice Energy aims to import LNG through Port Adelaide.