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LNG owners commit to record spending on new vessels
LNG owners have allocated a record $73bn in the three-year period since 2020 to spending on new vessel purchases, Seatrade reported on June 19.
Asian spot LNG prices hit 3-month high
Asian spot LNG prices surged to a three-month high on June 16, Reuters reports. The rise in price reverses a multi-week drop as high temperatures in north-east Asia have boosted cooling demand.
Bangladesh to sign LNG supply deal with Oman
Petrobangla, Bangladesh’s state-owned national gas company will agree to a long-term supply deal of additional LNG stocks with Oman Trading International, an official at Petrobangla told Reuters on June 19.
Qatar and China sign second large LNG deal
Qatar has reached agreement to supply gas to a second Chinese company in less than a year. QatarEnergy announced on June 20 that it will provide China National Petroleum Corporation (CNPC) with 4mn tonnes per year of LNG over a 27-year period.
Cruise ship emissions rebound in Croatia post-pandemic
Cruise ships visiting Croatia are now emitting over one third of the sulphur dioxide produced by the country’s entire car fleet, finds Transport & Environment.
Police in Angola disperse fuel hike protests
EU countries massively increased import of oil products from Azerbaijan in January-April
It looks like Putin is getting his Central Asian gas deal after all
A tripartite gas union between Russia, Kazakhstan and Uzbekistan that Russian President Vladimir Putin started pushing last year is beginning to take shape.
Egypt’s Orascom Industrial Parks signs $120mn deal with India’s Flex Accipto to expand polyethylene plant in Sokhna
Egypt’s Orascom Industrial Parks signed a $120mn deal with the Indian packaging solutions company Flex Accipto to expand its production of polyethylene (PET) plant in Sokhna within the Suez Canal Economic Zone (SCZONE), Ahram Online reported.
Central Asia’s water crisis gaining rapid momentum, cities forced to introduce water rationing
Central Asia could run out of drinking water this summer as rising global temperatures threaten the region with yet another severe drought that imperils the well-being of millions of people, the Climate Action Network warned in a report.
Turkmen scientists to close the ‘Door to Hell’
National leader Gurbanguly Berdimuhamedov ordered experts to work out how to extinguish the famously fiery gas crater. They’ve finally found a way of granting his wish.
Srbijagas establishes JV with Hungarian MVM Group
Serbia’s state-owned gas company Srbijagas signs a deal with the Hungarian MVM Group to form a joint venture company
EU, Chile team up to accelerate development of latter's hydrogen economy
The EU and Chile’s government have launched two collaborative initiatives to support the development of renewable hydrogen in the South American country, the European Commission announced last week.
Kuwait resets 2025 target as it appoints another new government
Kuwait this week revised downward an ambitious oil production target as the country named its fifth government in less than 12 months.
Provaris kicks off 270-MW green hydrogen project in Norway
The project will be developed in partnership with Norwegian Hydrogen and is expected to become one of the largest green hydrogen production facilities in the Nordic region.
YPFB identifies Vitiacua as gas exploration target
Bolivia’s YPFB has identified a significant exploration opportunity in the Vitiacua region of the country, which may hold as much as 2 trillion cubic feet (56.6bn cubic metres) of natural gas.
Aramco chooses Cosco vessels for Marjan expansion
Majority state-owned Saudi Aramco has awarded a contract to Cosco Shipping Specialised Carriers to provide two heavy transport vessels to support its Marjan oilfield expansion project.
Former militant leader accuses Nigerian armed forces of stealing oil
Alhaji Asari Dokubo, the founder of the Niger Delta People's Volunteer Force, made the allegation during a press conference following a meeting with Nigerian President Bola Tinubu in Abuja.
Indonesian Pertamina secures 35-year extension to gas operations in Algerian block
State-owned Indonesian refiner Pertamina announced it had secured a 35-year extension from the Algerian authorities to its deal to develop the Menzel Ledjmet Nord (MLN) oil and gas block in Algeria’s Sahara desert, according to a statement.
China’s Bomesc to provide topsides integration services for FPSO Errea Wittu
Bomesc Offshore Engineering, a Chinese marine engineering equipment supplier, has agreed to provide topsides integration services for the Errea Wittu, the FPSO vessel that will support the Uaru development project offshore Guyana.
UK opposition Labour party reaffirms 60-GW offshore wind target for 2030
Labour MP and Shadow Secretary of State for Climate Change and Net Zero in the UK Ed Miliband has reaffirmed his party’s pledge to have 60 GW of offshore wind capacity up and running by the end of the decade if it wins power.
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