GLNG - Global LNG

Taiwan’s Yang Ming turns to Hyundai for five LNG-fuelled vessels

Leading Taiwanese shipping company Yang Ming has ordered five 15,500 tonne twenty-foot equivalent unit (TEU) LNG powered container ships from Hyundai Heavy Industries (HHI) in South Korea.

India’s LNG imports rise in May for third consecutive month

Imports of LNG in India have risen in May for a third straight month, marking a sharp shift from years of weak demand for the super-chilled fuel. May’s total imports climbed to 2.7bn cubic metres.

GLNG: India’s LNG imports rise in May for third consecutive month

Grande Isle LNG unveils plans for Louisiana export facility

Grande Isle LNG has revealed its plans to construct an LNG export facility in the US Gulf of Mexico. Under the proposed plans, the facility would be built 13 miles south of Grande Isle, Louisiana in Plaquemines Parish.

New Fortress Energy granted Mexico export permit for Altamira Fast LNG facility

US energy firm New Fortress Energy (NFE) was granted an export licence on June 2 by Mexico’s Ministry of Energy for the company’s Altamira Fast LNG facility, Offshore Energy reports.

JX Nippon acquires 2% stake from TotalEnergies for Papua New Guinea project

JX Nippon Oil & Gas Exploration revealed on June 2 that it has agreed to purchase from TotalEnergies a 2.58% interest in the PRL15 licence in the Gulf Province onshore Papua New Guinea, Offshore Technology reports.

Australia tweaks taxation to secure more from LNG sector

The Australian government has implemented changes to the Petroleum Resource Rent Tax (PRRT) that limit the extent to which taxable profits can be offset by deductions based on initial capital expenditure, causing mixed reactions.

Chevron produces first gas from Gorgon LNG Stage Two in Australia

Chevron and its partners in the Gorgon LNG project revealed on June 6 that the production of first gas has occurred from the Gorgon Stage Two development off the coast of Western Australia, LNG Prime reports.

Indonesian Energy Minister: Pertamina to acquire Shell’s stake in Masela LNG

Indonesian state energy company Pertamina will take over Shell’s 35% stake in the Masela LNG project, Reuters reported on June 5 citing the country’s energy minister, Arifin Tasrif.

Peru LNG reports exports down sharply in May

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, reports that its LNG export volumes declined by nearly a third month on month in May 2023.

Novatek plans new LNG production plant in Murmansk

Novatek plans to build a new large-scale LNG plant in the Murmansk region, with the project aimed at helping Moscow fulfil its ambitious LNG production targets and finding a new market for gas in north-west Russia that used to flow to Europe.

Russia’s gas major Novatek pushes to break Gazprom’s grip on LNG exports

The head of Russian natural gas major Novatek, Leonid Mikhelson, is leveraging Gazprom's issues with liquefied natural gas shipments from the Cryogas-Vysotsk project in Europe to advocate for the abolition of Gazprom's gas export monopoly.

Israel’s NewMed reveals partners’ development plan for Cyprus Aphrodite field

Israel’s NewMed Energy, formerly Delek Drilling, has announced that it, along with the partners in Cyprus’ offshore Aphrodite gas field, has submitted to the Cyprus government an updated development plan for the 4.4 tcf gas resource.

Hammerfest LNG suffers gas leak

Equinor announced on May 31 that a gas leak at the Hammerfest LNG plant in Norway had been successfully stopped and the process of normalisation has commenced. However, the company has not said when production at the facility will resume.

European gas outlook improves, but further winter risks ahead

Natural gas prices have fallen to levels not seen in two years, and the continent looks increasingly well-positioned to make it through next winter, given the fast rate at which gas storage volumes are being replenished.

NewMed building subsea pipeline linking LNG facilities in Egypt to Aphrodite offshore gas reservoir

NewMed, the developers of Cyprus’s Aphrodite offshore natural gas field, plans to build a subsea pipeline linking the offshore gas reservoir to existing Egyptian liquefied natural gas processing facilities, local media report.