Month: January 2020

A dense fog in the area of the Sabine Pass LNG facility in Louisiana has suffered reduced supplies of natural gas and limited tanker movement, S&P Global Platts reports, adding that the problem could continue throughout the weekend. The disruption comes amid subdued demand for LNG from Asia combined with increased supply. However, Cheniere Energy this week reaped the benefits of the Phase 1 trade deal between the United States and China, with its shares rising considerably on news that China may buy more than $50 billion worth of additional U.S. energy products,…

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Two liquefied natural gas (LNG) managers at Gazprom Marketing & Trading’s London office have left the company, sources said on Wednesday. Jayesh Mistry, general manager for LNG and oil trading, has left, three sources said. Lawrence Darby who was responsible for LNG paper trading, has also left, one of the sources and another source said. Gazprom Marketing & Trading is a trading arm of Russia’s energy giant Gazprom which, sources told Reuters in March 2018, is reorganising its overseas trading and export operations with hundreds of jobs potentially moving to…

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Discussion between representatives of CNG association and SSGC management took place Wednesday at Company’s Head Office after CNG association and Transport Ittehad protested in front of SSGC Head Office on closure of CNG stations. The CNG sector delegation was led by Mohammad Tahir, Acting Chairman of the association and the SSGC team was led by Saeed Larik, SGM (Distribution). The association demanded that SSGC reconsider the CNG closure schedule and make more volumes of CNG available to the outlets. The SSGC management maintained that currently gas supply is quite grim…

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Turkey will start exploring for gas in the eastern Mediterranean this year, President Recep Tayyip Erdogan vowed Thursday, after signing a maritime deal with Libya. “We will start search and drilling activities as soon as possible in 2020 after issuing licences for the areas,” Erdogan said during a two-hour speech in the capital. He added that Turkey’s seismic exploration vessel Oruc Reis would soon be deployed. Ankara angered neighbouring countries in the Mediterranean with an agreement signed with the Tripoli government in November, which claimed extensive areas of the sea…

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Special Assistant to Prime Minister on Petroleum Nadeem Babar will inaugurate a daylong conference on Liquefied Natural Gas (LNG) at a hotel in Islamabad on January 31st, 2020 with special focus on countrywide gas shortfall amid severe spell of cold weather. The Energy Update, which has to its credit 10 editions of Power Generation Conferences and four International Wind Energy Conferences, is going to organize the daylong seminar titled “LNG for Pakistan”. Naeem Qureshi, chairman of the organizing committee of the conference, said that the proceedings of the conference would…

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