Baker Hughes has been awarded a major contract to provide a modularised liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the US.
Shell’s liquefaction and sales volumes fell to 7.1Mt and 15.5Mt respectively in the fourth quarter of 2024 as it posted overall earnings of $3.7bn – down from $6bn in the third quarter.
LNG prices are forecast to ease in 2025 – settling at $14-15 MMbtu – after recording new lows in 2024, according to Drewry Shipping Consultants’ research.
The Chinese New Year is underway and the festivities mark a slowdown in trade and disruptions to global supply chains until at least February 4.
Europe should do more to implement Russian sanctions, according to a leading European Commissioner speaking at the World Economic Forum annual meeting in Davos.
ADNOC Gas has awarded three contracts worth $2.1bn involving an LNG pre-conditioning plant (LPP), compression facilities and transmission pipelines to supply feedstock to the Ruwais LNG project.
Shell expects lower LNG liquefaction volumes in Q4, ahead of published results on January 30.
The dash for gas is intensifying in Europe as it steps up efforts to secure supplies amid rising geopolitical and supply challenges.
QatarEnergy and Shell have entered into a new long-term sale and purchase agreement (SPA) for the supply of three million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China.
Korea Energy Terminal Co – a joint venture between Korea National Oil Corporation and SK Gas Co – has opened for business, according to Korea media.
