GLNG Top Story archive

02 June 2016, Week 21 Issue 420

Japan will cut its planned reliance on nuclear power under an updated energy scheme, which may be published in 2017, Reuters reported last week, citing three sources familiar with the matter. The...

26 May 2016, Week 20 Issue 419

Hawaiian Electric is sharpening a plan to ship LNG and to restructure the islands’ ageing Kahe power plant to burn the fuel. The state-owned utility, in a May 18 statement, said it had reached an...

19 May 2016, Week 19 Issue 418

US LNG exports will drive convergence of natural gas prices between the world’s major gas hubs, while further weakening the link between oil and gas prices, a new report from Fitch Ratings has...

12 May 2016, Week 18 Issue 417

Petronas has launched the hull for its second floating LNG (FLNG) at the Geoje Island, in South Korea, it said in a statement on May 10. The Malaysian company said the facility, PFLNG2, had been...

05 May 2016, Week 17 Issue 416

THE consortium behind the Yamal LNG scheme on Russia’s Arctic coast has drawn down over US$12 billion in loans from Chinese lenders, securing the last funding tranche needed to complete the...

28 April 2016, Week 16 Issue 415

LNG Canada has awarded site preparation work to the Ledcor-Haisla partnership at Kitimat, in British Columbia. A statement from the Ledcor Group noted the award on April 26. First Nations have...

21 April 2016, Week 15 Issue 414

Woodside Petroleum’s production and sales grew in the first quarter of 2016 over the same quarter in 2015, but sales revenues were down 30.3% at US$982 million. The company announced its results...

14 April 2016, Week 14 Issue 413

LNG production reached 244.8 million tonnes in 2015, up 4.7 million tonnes from 2014, according to a report released on April 12 by the International Gas Union (IGU). Volumes in 2015 were the...

24 March 2016, Week 11 Issue 410

The Browse floating LNG (FLNG) project has been dropped, for now, according to Woodside Petroleum. The Australian company, in a statement on March 23, said the development had fallen foul of the “...

17 March 2016, Week 10 Issue 409

Novatek has completed the sale of a 9.9% stake in Yamal LNG to China’s Silk Road Fund, the Russian independent producer said on March 15. The Chinese investor bought its stake for 1.08 billion...

10 March 2016, Week 09 Issue 408

Chevron has announced first production from its Gorgon project, in Western Australia. The development, the world’s most expensive LNG plant at a cost of around US$55 billion, is late and over...

03 March 2016, Week 08 Issue 407

Origin Energy has signed up to supply 500,000 tonnes per year of LNG to China’s ENN LNG Trading for five years, the Australian company said on March 1. Origin said it hoped to convert the non-...

25 February 2016, Week 07 Issue 406

Qatargas has signed a technical collaboration agreement with Maersk Group on the use of LNG as a marine fuel. A memorandum of understanding (MoU) was also signed between Qatargas, Maersk Line and...

18 February 2016, Week 06 Issue 405

Woodside Petroleum’s net profit after tax fell to US$26 million in 2015, the company said on February 17, down from US$2.41 billion in 2014. This was driven by lower oil prices, which hit revenues...

11 February 2016, Week 05 Issue 404

Ghana National Petroleum Corp. (GNPC) has signed a heads of terms deal with Quantum Power on the Tema LNG project, under which gas will be supplied to a floating storage and regasification unit (...

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