Natural gas news

The Peak Shaving service, organised by Adriatic LNG for the Italian Ministry of Economic Development, has been completed.

According to Reuters, on 10 October, Hurricane Michael cut nearly one-third of natural gas production and 42% of crude oil production in the US Gulf of Mexico.

PAO NOVATEK has announced that its wholly owned subsidiary OOO Arctic LNG 3 has finished testing the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay.

Woodside has announced that it has selected Bechtel as the preferred execution contractor for the proposed expansion of its Pluto LNG facility in Western Australia.

OLT Offshore LNG Toscana has released a statement announcing the launch of a tender for the peak shaving service.

The President and CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, recently visited Japan, holding talks with various senior executives of major Japanese companies on improving relations and cooperation within in the energy sector.

Asian spot LNG prices have dipped as healthy levels of supply have countered pressure from the currently bullish oil market.

Gazprom has announced that it has signed the framework agreement with Shell on the joint design concept (pre-FEED) for the Baltic LNG project.

Energy Insights has forecast the transformation of the gas import/export balance by 2022.

ConocoPhillips has announced that it has entered into an agreement to sell its 30% interest in the Greater Sunrise Fields to the government of Timor-Leste.