Tag: LNG

• Wednesday, May 25th 2022 - 09:38 UTC

  Bolivia diverts LNG to Argentina and leaves Brazil 7 million cm short per day

  

  Bolivia is diverting natural gas to Argentina, and unexpectedly has reduced the supply to Petrobras by 30% this month, catching the state-owned company off guard. As a result, Petrobras experienced a loss of more or less than 7 million cubic meters of gas per day. YPFB, the Bolivian state company, had been supplying Petrobras with approximately 20 million cubic meters per day.

• Saturday, February 26th 2022 - 09:46 UTC

  US LNG production forecasted to increase 20% and replace much of Russia's supply to Europe

  

  United States will increase its liquefied natural gas (LNG) production capacity by 20% by the end of the year, making it the world’s largest exporter of the product as Europeans try to decrease their reliance on Russian supplies.

• Thursday, December 9th 2021 - 09:30 UTC

  Brazil working to create a price stabilization fund for gasoline, diesel and LNG

  

  The Brazilian government in coordination with Congress are working on the creation of a price stabilization fund for fuels in an attempt to isolate the country from the volatility of international prices of oil and refined products. The fund is to be financed mainly with a tax on oil exports, helping with stability to domestic prices of gasoline, diesel and liquid gas.

• 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.