A major US$ 31.9bn liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners. The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation. It is the single largest private sector investment project in Canada's history.
French luxury shipping line Ponant announced a world first with a hybrid electric-LNG powered icebreaker. The luxury vessel promises to deliver around 300 passengers to places never before visited by cruise passengers in ultra-luxury – and with the least damage to the environment.
President Michelle Bachelet announced on Thursday that Chile would invest 650 million dollars to build a new liquefied natural gas (LNG) terminal and strengthen the state-run oil company in an effort to deal with a mounting power crunch.
By Nick Cunningham of Oilprice.com - There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production.
Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.
Aubrey McClendon is gone – or at least he's on his way out from Chesapeake energy (CHK). But the destruction of the natural gas market, where he was the ringleader in the shale gas land grab and cratering well price, is his real legacy, and not likely to be recovered from anytime soon. While Aubrey will now go into a very wealthy retirement, he leaves behind a decimated market and a long road to making natural gas a true transition fuel to energy independence and a renewable future.
Spain’s Repsol has cancelled its contract to supply Argentina with liquefied natural gas (LNG), just weeks after the country seized control of the company's majority stake in YPF, a document obtained by international news agency Reuters showed.
In the midst of the diplomatic escalation between Argentina and the UK over the Malvinas dispute and the coming 30th anniversary of the Falklands conflict, a red ensign Liquefied Natural Gas Carrier (LNGC) docked in Argentina.
Argentina's state energy company Enarsa has launched an international tender for the delivery of a more-than-expected 90 cargoes of LNG in 2012 to meet rising energy demand, a source said Tuesday.
Argentina could import 66 liquefied natural gas cargoes in 2011 triple the amount it purchased last year, according to data from state energy company Enarsa.