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Tag Archives: LNG

LNG Cargo Prices Rising Faster Than Bitcoin

LNG tanker. Wind turbines

BLOOMBERG, JANUARY 13, 2021 Exxon, Total, Shell are among sellers with cargoes available |  Gunvor, Vitol and Trafigura snap up LNG tankers amid shortage By Anna Shiryaevskaya, Andy Hoffman, Stephen Stapczynski, and Sergio Chapa for Bloomberg After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of …

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Jihadist attacks force Total to evacuate staff from massive LNG project in Africa

Aerial view of coastal development project

BLOOMBERG, JANUARY 1, 2020 Islamic State-linked fighters attacked a nearby town this week | Total’s project is Africa’s biggest private investment yet By Matthew Hill and Francois De Beaupuy – Total SE asked some staff to vacate its $20 billion Mozambique liquefied natural gas project as Islamist militants are staging attacks increasingly closer to the site. Fighters linked to Islamic State raided a town …

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Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter

Tugs helping cargo ship dock. Gas terminal in background

BLOOMBERG, SEPTEMBER 16, 2020 By Katrina Lewis for Bloomberg – Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas. Abu Dhabi Investment Authority (AIDA) disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615 million. It’s Cheniere’s fourth-largest shareholder, according …

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Islamic insurgents threaten massive $23 billion LNG terminal project in Africa

Islamic insurgents. Guns. Flag

BLOOMBERG, JUNE 5, 2020 LNG projects in Mozambique face militants, coronavirus risks | French oil company Total is expected to finalize almost $16 billion of financing By Borges Nhamire and Matthew Hill for Bloomberg – Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: …

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A new ship promises affordable full-time living at sea for peasants like us

PortandTerminal.com, October 24, 2019 MIAMI, FL – A company called Storylines is building what they call the “world’s greenest cruise ship” which will be home to the world’s first affordable residential community at sea. “Affordable condos at sea” is probably part of their elevator pitch and if it is, we love it. The company announced that it is now taking …

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