Tag: LNG

Friday, March 19th 2021 - 08:50 UTC
Argentina buying LNG cargoes from BP, preparing for the coming winter

Argentina's state-owned IEASA received offers from 14 companies to supply 24 LNG cargoes at an average price of US$ 6.50/mn Btu. All the offers are expected to be awarded for a total of US$ 330mn, according to the energy secretariat.
Wednesday, March 3rd 2021 - 08:56 UTC
Argentina again forced to ramp LNG imports , as domestic gas production falls

Argentina forced to quickly ramp up LNG imports in the coming winter months to meet its heating season, as domestic gas production dwindles and Bolivian pipeline imports slow.
Friday, October 23rd 2020 - 08:55 UTC
Argentina plans US$ 1,5bn subsidies to resurface Vaca Muerta output: “cheaper than importing LNG”

Argentina’s cash-strapped government says it can find US$ 5.1 billion to give to natural gas drillers in a bid to resurface the country’s Vaca Muerta shale patch and prevent a jump in imports of the fuel.
Wednesday, March 20th 2019 - 08:17 UTC
Costa Smeralda launched in Finland; first Costa cruise powered by Lng

Costa Crociere celebrated the technical launch of the new flagship Costa Smeralda at the Meyer shipyard in Turku, Finland. During the ceremony, the ship officially touched the sea for the first time. The celebration, which saw the participation of the top management of Costa Cruises and the Meyer shipyards, followed the protocol established by the maritime tradition, with the flooding of the basin where the ship has taken shape in recent months.
Wednesday, October 3rd 2018 - 08:17 UTC
Canada's largest private sector project: US$ 32bn LNG export terminal

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.
Wednesday, December 27th 2017 - 09:29 UTC
Antarctica cruise revolution: hybrid electric LNG powered icebreaker

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.
Friday, May 16th 2014 - 11:08 UTC
Bachelet announces emergency plan to tackle energy shortage with natural gas

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.
Tuesday, January 28th 2014 - 05:17 UTC
Market disruptor: nuclear restarts spells trouble for LNG

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.
Wednesday, May 15th 2013 - 07:24 UTC
Uruguay awards French company contract for 1.2bn dollars re-gasification plant

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.
Thursday, February 7th 2013 - 21:53 UTC
Aubrey McClendon and the Destruction of the Natural Gas Market

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.