Tag: lng
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South Korea’s SK Shipping to become Asia’s largest LNG carrier operator in H-Line asset swap
SEOUL, Aug 13 : South Korean shipping companies SK Shipping and H-Line Shipping will swap vessels and long-term contracts in a deal that will make SK Shipping Asia’s largest liquefied natural gas (LNG) carrier operator, their owner Hahn & Co. said on Thursday.• SK Shipping will receive 16 LNG vessels and re
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Vietnam considers second LNG term contract after deal with Shell, document shows
HANOI, Aug 12 : State-controlled Petrovietnam Gas is sounding out suppliers for a possible tender to procure liquefied natural gas under a five-year contract, according to a document reviewed by Reuters.If agreed, it would be Vietnam’s second term contract after a deal with Shell earlier this year, as the Sou
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Bangladesh gas supplies improve after LNG terminal restarts
DHAKA, Aug 6 : Gas supplies to Bangladesh’s national grid increased on Wednesday after a floating liquefied natural gas terminal operated by U.S.-based Excelerate Energy partially resumed operations after a fire shut the facility for more than two weeks.The restart of one regasification unit is adding aroun
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JERA says LNG stocks secured through October, sees no summer supply risk
TOKYO, July 31 : Japan’s top power generator JERA said on Friday that it has secured adequate liquefied natural gas inventories through October, and it sees no risk to stable power supply even if a summer heatwave boosts demand.”We have secured sufficient LNG stocks for the peak summer demand season from Augu
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The once-destroyed community that’s now a global energy giant
A US county wiped out by a hurricane is now the world’s largest exporter of liquified natural gas.
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Vietnam looks at more coal power plants as Iran war complicates LNG plans
HANOI, July 8 : Vietnam’s government is considering building more coal-fired power plants to ensure it can meet its energy needs, the government said on Wednesday, as the Iran war further complicates its slow development of LNG facilities. The Southeast Asian manufacturing hub is seeking to ramp up its power
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US LNG exports to Europe decline as Asia prices surge
HOUSTON, July 1 : For the first time in nearly two years, less than half of U.S. LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes, according to preliminary ship-tracking data from LSEG.The shift marks the first time since July 2024 that Europe has n
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JERA sees LNG prices staying firm as Qatar repairs drag on, Europe rebuilds stocks
TOKYO, June 24 : Japan’s JERA expects liquefied natural gas prices to remain relatively firm in the near term, as restoring Qatar’s LNG facilities damaged during the Iran war will take time and Europe needs to replenish stocks ahead of winter, its chairman said.”Looking over the next year or so, prices may we
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At least 13 killed and dozens injured after Qatar gas explosion
The city’s main liquified natural gas (LNG) processing site suffered a “technical accident” in the Ras Laffan industrial zone.
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India wants to turn more coal into gas for energy security. It faces a tough conversion
India recently approved a US$3.9 billion scheme to turn more of its vast coal reserves into gas. Even as its energy security ambitions gather pace, experts warn that scaling up the centuries-old technology will likely be a slow burn.
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