It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows. “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas [...]
The economic downturn has taken a toll on the liquefied natural gas sector. A little more than two weeks after Sempra Energy announced it was delaying a final decision whether to construct a massive LNG facility on the Gulf Coast of Texas because of the global slowdown, Reuters has reported Saudi Aramco has suspended [...]
Enagás has awarded a contract to Spanish engineering company Ayesa to redesign the jetty at its Huelva LNG terminal. The revamped mooring set-up will enable the loading of small-scale gas carriers, including LNG bunker vessels (LNGBVs), and the direct loading of bunker tanks on LNG-powered vessels. This will be the third such project undertaken by [...]
Zhang Weiliang, CEO of UAV company Avetics Global, explains how the use of drones & automation are increasingly becoming part of the future for tank storage maintenance. The concept of using a drone to inspect a storage tank is a concept often mentioned in the storage industry, and several potential means of implementing the technology [...]
10 new oil marketing companies are expected to be established next year for more effective supply of petroleum products across the country. The Oil and Gas Regulatory Authority (Ogra) has proposed the construction of 10 new oil storage facilities, having a combined capacity of 304,445 metric tons petrol and 446,335 diesel, during the financial year [...]
