Tag: LNG

Iran is set to export its first LNG cargo at the end of 2018, something that originates from the creation a floating liquefaction project in the Persian Gulf waters, local media reported.

According to Reuters, China's POLY-GCL Petroleum Group Holdings Ltd and Djibouti have signed a memorandum of understanding in order to make an investment of $4 billion in a natural gas project in the Horn of African nation of Djibouti.

According to Reuters, an LNG import project consortium in Pakistan, formed by Exxon Mobil, France’s Total and Qatar Petroleum has been dissolved as the members didn't manage to agree with Global Energy Infrastructure.

Teekay LNG Partners launched the Teekay Multigas Pool, an in-house commercial management solution for ethylene-capable liquefied petroleum gas and small-scale LNG vessels.

Teekay LNG Partners announced that its first icebreaker LNG 172,000 cubic meter ARC7 newbuilding, 'Eduard Toll', which was launched on January 21, recently completed its gas trials. 

Engineering company Bechtel announced it has signed four deals, of $15.2 billion total worth, regarding the engineering, procurement and construction of the Driftwood LNG project, near Lake Charles, Louisiana, with US-based Tellurian.

BW Group Limited and Mitsui & Co. announced the formation of a Joint Venture to jointly own the Floating Storage and Regasification Unit BW Integrity. Mitsui has purchased a 49% share in BW Integrity with BW owing a 51% share in the vessel.

During president Trump’s first state visit to China, China National Petroleum Corporation and Cheniere Energy signed a Memorandum of Understanding for cooperation in long-term sales and purchases of of LNG, Reuters reported.

According to the Cypriot Transport Minister, Marios Demetriades, the new under-secretariat for maritime affairs is planned to be located in Limassol, as the majority of the shipping companies are based there.

Under this agreement, the two countries aim to advance Alaska LNG which is Alaska’s strategic gas infrastructure project. A boost in Alaska’s economy and LNG trade between Alaska and China is expected with the parties’ cooperation on LNG marketing, financing and investment.