MEI: LNG oversupply could last until 2024
Research from McKinsey Energy Insights suggests that LNG oversupply could last until 2024, unless low prices can stimulate a demand recovery.
Stay up to date with the latest news and updates from the LNG industry.
Research from McKinsey Energy Insights suggests that LNG oversupply could last until 2024, unless low prices can stimulate a demand recovery.
According to Reuters, Novatek is planning to sell a portion of gas on the spot market from its Arctic LNG-2 plant.
According to Reuters, Vitol – a trading house – has won a tender to purchase the first cargo of LNG from the Chevron-led Angola LNG facility since it shutdown over two years ago to commence repairs.
Gazprom and Gasunie officials recently met to discuss infrastructure projects and cooperation in the small scale LNG sector.
Technip and FMC Technologies have announced that they have executed a Business Combination Agreement (BCA) regarding their proposed merger.
Alexey Miller and Ben van Beurden have signed a Memorandum of Understanding (MoU) on the Baltic LNG project.
Petrolia has announced financing for its Bourque Project by the Quebec government.
Gazprom and Fluxys have discussed the prospects for cooperation in the European small scale LNG market.
Freeport LNG and CEO Michael Smith have contributed US$100 000 to Brazoria County for flood relief.
Kinder Morgan has contracted ABS Group to develop a maintenance and integrity program for the Elba Island LNG Project.
Teekay Shipping has awarded GTT Training a contract to supply G-Sim LNG simulator software into its training centres.
Japan has designated ABS as the first foreign ‘recognised organisation’ authorised for maritime labour inspection.