Tanks & terminals

Wood Mackenzie forecasts that Asian LNG demand will increase by 5% this year, following a 2% growth in 2023.

Following completion of the commissioning phase, Tango FLNG will produce its first LNG cargo by 1Q24, placing the Republic of Congo on the list of LNG-producing countries.

India is set to register the second highest LNG regasification capacity additions in Asia between 2023 and 2027, forecasts GlobalData.

Exolum has signed an agreement to establish a key presence in the US Gulf Coast with existing ammonia logistics infrastructure via purchasing a 50% interest in Vopak Moda Houston LLC, Texas, US.

VTTI and Höegh LNG have signed an agreement to jointly develop an energy terminal in Zeeland, the Netherlands, which will be based on a FSRU.

Vopak has released a new update on its portfolio covering their EemsEnergyTerminal acquisition and sale of three chemical terminals.

Galileo Technologies has announced that it has carried out the first production of LNG for Gail in India.

TechnipFMC plc has announced an agreement to sell the company’s Measurement Solutions business to One Equity Partners for US$205 million in cash.

Chesapeake Energy Corp. and Vitol Inc. have announced their entrance into a Heads of Agreement with Chesapeake Energy Marketing L.L.C., a subsidiary of Chesapeake Energy Corp.

Over the next five years, the EIA predicts North America’s LNG export capacity will expand.

TotalEnergies has announced the commissioning of its FSRU for LNG located in the port of Le Havre, France.

EXMAR, Eni and Dry Docks World Dubai have celebrated the sail away of the Tango FLNG and Excalibur FSU vessels from Dubai to Congo.

According to new research from Centrica Business Solutions, almost 59% of UK businesses plan to explore the role of hydrogen-based energy technologies to help them transition to net zero.

The US Energy Information Administration (EIA) reports that US exports of natural gas set a record high in the first half of 2023.

Australia’s oil and gas sector says strong future LNG export earnings underscore the need for regulatory certainty in areas such as project approvals to encourage new gas supply investment.