In a remarkable demonstration of financial independence and strategic planning, the Adani Group has constructed the Dhamra LNG import facility in Odisha entirely through promoter backing, without relying on the financial undertakings or guarantees of public sector behemoths like Indian Oil Corporation (IOC) and GAIL. This approach, reported by NDTV citing undisclosed sources, represents a […]
QatarEnergy affiliates and Eni have solidified their commitment with a long-term LNG sale and purchase agreement, aiming to transport up to one million tons annually from Qatar to Italy. Valued strategically, this deal is expected to influence the European energy landscape for almost three decades. FSRU Italia: The Tuscany-based Receiving End The crux of this […]
In a significant stride for the global liquefied natural gas (LNG) market, ORLEN Group is set to augment its LNG fleet with two new carriers, ‘Saint Barbara’ and ‘Ignacy Łukasiewicz’. Positioned for sea service by year’s end, these vessels will amplify ORLEN’s gas procurement abilities, accentuating Poland’s energy fortification. ORLEN Group’s New Additions: Pioneering Poland’s […]
BP, representing the Tangguh production sharing contract partners, has announced the successful and safe loading and shipping of the first cargo produced by the new third liquefaction train at the Tangguh LNG facility, located in Papua Barat, Indonesia. This shipment is earmarked for Indonesia’s state-owned power generator, PT PLN (Persero), marking a new phase of […]
Aramco, a leading integrated energy and chemicals company, has solidified a significant deal in the energy sector by acquiring a strategic minority stake worth $500 million in MidOcean Energy. MidOcean Energy, managed by EIG, a distinguished institutional investor in global energy and infrastructure sectors, specializes in liquefied natural gas (LNG) ventures. Strategic Move: Aramco’s $500 […]
In a pivotal development, the United States Federal Energy Regulatory Commission (FERC) has granted approval for Sempra Infrastructure’s Port Arthur LNG Phase 2 expansion project in Jefferson County, Texas. This approval marks a crucial regulatory milestone for the proposed project and is bound to significantly impact the liquefied natural gas (LNG) sector. Sempra Infrastructure is […]
ADNOC Gas plc, a significant player in integrated gas processing, has finalized an agreement to supply Liquefied Natural Gas (LNG) to PetroChina International Company Limited, a subsidiary of PetroChina Company Limited, one of China’s foremost oil and gas producers. The contract is valued between $450 million (AED1.65 billion) and $550 million (AED2 billion). Growing Global […]
Berkshire Hathaway Energy has officially closed its $3.3 billion purchase of Dominion Energy’s 50% limited partnership stake in Cove Point LNG, LP, escalating its total ownership to an imposing 75%. Announced back on July 10, 2023, and finalized on September 1, 2023, the ownership stake is now strategically held within BHE GT&S, LLC, a specialized […]
British oil and gas giant BP and Austrian energy company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of liquefied natural gas (LNG) annually over a 10-year period, beginning in 2026. Under this agreement, BP will supply OMV with LNG from its extensive and […]
Marking a substantial stride towards a more sustainable future, Tata Steel becomes the first Indian enterprise to adopt LNG (Liquefied Natural Gas) as fuel for its bulk carrier, supplanting the conventional VLSFO (Very Low Sulphur Fuel Oil). This initiative signifies a new era in sustainable shipping practices in India and a remarkable progression in the […]