By Stephen Cunningham and Naureen S. Malik (Bloomberg) -- America is set to become an even bigger player in the global liquefied natural gas market after the nation’s top regulator approved two more projects to export the super-chilled fuel. Tellurian Inc.’s proposed $28 billion Driftwood terminal in Louisiana and Sempra Energy’s Port Arthur LNG project in Texas were cleared … [Read more...]
Keppel Imports First LNG Cargo from North America
The gas unit of Singaporean conglomerate Keppel Corporation has completed the first import of LNG under Singapore's Spot Import Policy, which allows up to 10% of Singapore's total long term contracted gas supplies to be imported on a spot cargo basis. Keppel Gas, a wholly-owned subsidiary of Keppel Infrastructure Holdings, said Monday the spot cargo of 160,000m3 of … [Read more...]
All Aboard! Treasure on the High Seas for Gas Dealers
By Ekaterina Kravtsova LONDON, April 15 (Reuters) - In the booming market for supercooled natural gas, the most precious commodity is the ship. A global quest for cleaner energy has fired up demand for liquefied natural gas (LNG), which produces less carbon dioxide than coal. But an abundance of supply has helped keep prices subdued, meaning the most profitable trade is in … [Read more...]
Chevron to Acquire Anadarko in $33 Billion Energy Mega-Merger
By John Benny and Jennifer Hiller April 12 (Reuters) - Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock as the company doubles down on its bet on U.S. shale oil and gas production, where the surge in output has made the United States the world's largest energy producer. With oil prices surging this year, Chevron and … [Read more...]
Containership Operator Seaspan Exploring Opportunities in LNG
Hong Kong-based containership operator Seaspan Corporation has signed a framework agreement with COSCO Shipping's energy transportation unit for a strategic cooperation related to exploring opportunities in liquified natural gas. COSCO Shipping Energy specializes in the transportation of LNG, oil products, and other energy products under China COSCO Shipping Corporation, and … [Read more...]