Day: May 7, 2021

Malaysia’s state-owned Petroliam Nasional Bhd said on Friday it had signed its first liquefied natural gas (LNG) deal using a Canadian pricing indexation as basis. Petronas LNG sold a spot LNG cargo to a buyer in the Far East for August delivery using the Canada Alberta Energy Company (AECO) index, the company said. AECO is a Canadian natural gas price benchmark, similar to the Henry Hub index in the United States, but is not typically used as a pricing basis for LNG spot contracts. In Asia, the S&P Global Platts’…

Read More

Singapore — Singapore’s FueLNG — a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum — along with the Maritime and Port Authority of Singapore, has completed Singapore’s first ship-to-ship bunkering of an LNG-fueled oil tanker, marking another milestone in Singapore’s efforts to become an LNG bunkering hub. FueLNG completed the gas-up and cool down operation for the LNG-powered oil tanker Pacific Emerald, including the transfer of 3,000 cu m of LNG from FueLNG Bellina, Singapore’s first LNG bunkering vessel, to the tanker, FueLNG, Keppel Offshore & Marine,…

Read More

Fitch Ratings- Hong Kong, an international sovereign rating agency, which is conducting Pakistan’s sovereign rating review exercise, has sought Pakistan’s viewpoints on China’s future role in bilateral financing. The rating agency has sought answers to over two dozen questions from different line Ministries to finalise its rating review exercise. The questions raised with Ministries are as follows: (i) Ministry of Finance – what is the estimate for economic growth in FY 2021 and forecast for FY 22?. How will the most recent wave of the Coronavirus impact growth outlook? What…

Read More

Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG). The co-development was announced at a virtual signing ceremony, attended by Dionyssios Zois, Ambassador of the Hellenic Republic to the UAE, and Sulaiman Hamed Salem AlMazroui, UAE Ambassador to the Hellenic Republic. According to Masdar, the project is its first investment in the Greek market and will be developed by MTG alongside…

Read More

Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. • For the first time after 10 years of continuous growth, seaborne coal trade suffers a setback, reaching a volume of 1,157 million tons. • An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philippines, Malaysia, Pakistan and Vietnam will keep import volumes high. • China, Pakistan and Vietnam are the countries that contributed most to the…

Read More