GLNG - Global LNG

South Korea bearing the brunt of an LNG carrier construction boom

LNG and oil tanker construction in East Asia is booming. From ground-breaking deals for Bangladesh to a 40-vessel order for Qatari clients, East Asia is unrivalled in carrier construction.

Manila seems bent on renewables, but LNG still has a role to play

Domestically the Philippines is home to just two LNG projects, with the first LNG cargo the nation has ever received arriving to much aplomb in April at the Atlantic, Gulf & Pacific (AG&P) terminal in Batangas.

Inpex project in Indonesia’s Arafura Sea moves forward after Shell pulls out

Mexico Pacific signs 20-year contract with ConocoPhillips for natural gas supply

Mexico Pacific has signed a 20-year sales and purchase agreement to supply liquefied natural gas (LNG) to US energy major ConocoPhillips, the Mexican LNG developer said on 3 August.

Alaska LNG faces hurdle after Japan and South Korea reject proposed project

The US’s proposed Alaska LNG project has hit a major road bump with Japan and South Korea declaring they will neither invest in or sign contracts to purchase LNG from the project, The Wall Street Journal reported on July 25.

GLNG: Alaska LNG faces hurdle after Japan and South Korea reject proposed project

BP vows to defend its rights in arbitration case against Venture Global

BP has declared it will defend its rights “to the absolute fullest” in its arbitration case brought against Venture Global LNG for failing to deliver contracted cargoes, BP’s chief executive officer, Bernard Looney, told Reuters on August 1.

Bio-LNG now possible in over 60 ports

The green LNG bunkering market has grown with bio-LNG now available in almost 70 international ports, including key shipping hubs such as Singapore and Rotterdam according to an analysis released by SEA-LNG on July 27.

India’s Petronet seeks LNG extension deal with Qatar at lower prices

India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.

Yamal LNG output slumps in June

Natural gas production at the Yamal LNG project in June slumped by 35% year on year to nearly 2bn cubic metres, the Moscow-based Vedomosti newspaper reported on August 3, citing sources in the Russian energy ministry.

Dragon deal delayed as Venezuela digs in

Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.