MidOcean Energy, a LNG company backed by EIG, has agreed to acquire a 20 percent stake in Peru LNG, the first and only LNG export plant in South America, from SK Earthon for an undisclosed amount. The deal will expand MidOcean’s global LNG portfolio, which also includes four Australian LNG projects that the company is…
Tag: LNG
Nakilat and Karpowership to jointly own and operate Floating Storage Regasification Units
DOHA, QATAR: Nakilat and Karpowership have signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs). Nakilat’s Chief Executive Officer Eng. Abdullah Al-Sulaiti said: “We are very pleased and excited to sign this agreement with Karpowership today. This fits very well with Nakilat’s…
Qatar to ship even more LNG to China
DOHA, QATAR: Qatar Petroleum has signed a 15-year LNG supply deal with China National Offshore Oil Corporation (CNOOC) for 3.5 million tons/year from 2022. This is the third deal signed by Qatar this year to ship LNG to China. They’ve also recently signed contracts with Taiwan and Pakistan Qatar Petroleum has entered into a…
NOVATEK to sell stake in Arctic Transshipment to TotalEnergies
SAINT-PETERSBURG, RUSSIA: PAO NOVATEK has signed a Share Purchase Agreement with TotalEnergies SE on the sale of a 10% participation interest in Arctic Transshipment LLC. “The transshipment facilities will ensure the optimal utilization of our ice tanker fleet and reduce the cost of transport to consuming markets for the Company’s existing and future LNG projects,”…
Total partners with Siemens Energy to reduce LNG related emissions
PARIS: Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such as combustion of clean hydrogen in gas…
Qatar Petroleum to develop world’s largest LNG project
DOHA: Qatar Petroleum is developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA, a news release said. In addition to LNG, the project will produce condensate, LPG, ethane, sulfur and helium. It is expected to…
Pakistan State Oil (PSO) issues tender for supply of LNG, motor gasoline cargoes
KARACHI: Pakistan State Oil (PSO) has invited bids for the supply of one cargo of liquefied natural gas (LNG) to be delivered on April 15-16, and three consignments of motor gasoline for the month of March amid higher anticipated demand o fuel products in summers. Analysts anticipate higher demand of fuel products owing to increasing…
Total SE charters four new LNG powered vessels
PARIS: Total SE has chartered four Aframax-type vessels equipped with Liquified Natural Gas (LNG) propulsion. These vessels, each with a capacity of 110,000 tons of crude oil or refined products, will be delivered in 2023 and will join the time-chartered fleet of Total. The first two vessels will be chartered from shipowner Hafnia, and the…
InfraStrata to acquire FSRU Project in northwest England
LONDON: InfraStrata plc has entered into a term sheet with West Face Long Term Opportunities Global Master L.P. for the acquisition of Meridian Holdings Co., under which sits the proposed Floating Storage and Regasification Unit Project (FSRU), located in Barrow-in-Furness, northwest England. The proposed FSRU Project will be the UK’s first to be developed and…
Flex LNG enters into a long-term charter with Gunvor
HAMILTON: Flex LNG Ltd. through one of its subsidiaries has entered into a long-term time charter with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd. The period under the time charter is up to ten years where the first five years are firm. The vessel to be employed under this time charter will…
LNG Limited extends $4.623bn EPC contract with KSJV
SYDNEY: Liquefied Natural Gas Limited has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV (a KBR – SKE&C joint venture led by KBR) for its 100% owned subsidiary, Magnolia LNG LLC. The binding lump sum turnkey (LSTK) EPC US$4.623 billion contract providing an installed EPC cost/tonne of…
Japan to launch a special training programme for Pakistan
ISLAMABAD: Japan, which is already undertaking various training programs in the energy sector of Pakistan for emerging energy and LNG markets, will soon a training program specifically designed for Pakistan. Kuninori Matsuda, the Ambassador of Japan to Pakistan along with Ryo Minami, Director General, Agency for Natural Resources and Energy, Japan called on the Special…