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Bangladesh Finalizes LNG Deal with Oman Trading International

Apr 23, 2018

Bangladesh has finalized a 10-year deal to import 1 million tonnes of liquefied natural gas (LNG) annually from Oman Trading International, two energy officials with direct knowledge of the matter told Reuters.The deal with Oman Trading is Bangladesh's…

Shell Active in Mideast, Russia Crude Liftings

Apr 20, 2018

Oil major buys various grades from Qatar, UAE, Russia; re-sells Qatar Marine and Sokol. Royal Dutch Shell has snapped up more than 8 million barrels of Middle East and Russian crude oil loading in June and resold some cargoes at higher premiums as it profits from robust demand in Asia…

Russia's Transneft Launches "Yug" Oil Products Pipeline

Apr 05, 2018

Russian oil pipeline monopoly Transneft said on Thursday it had started pumping commercial volumes of oil products through its new 'Yug' pipeline.The pipeline transports oil products from the Volgograd refinery on the Volga river to the Black Sea port of Novorossiisk…

Four Bunker Barges Seized in Singapore over Unpaid Debt

Apr 05, 2018

Singapore law firm asks for vessels to be arrested; bunker barges owned by Vermont UM Shipping. Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapore's Supreme Court…

Houthis Attack Saudi Oil Tanker

Apr 04, 2018

An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Western-backed…

BP eyes 119 LNG Cargoes Annually From Indonesia

Apr 04, 2018

Oil major BP is targeting shipping 119 cargoes of liquefied natural gas (LNG) from its Tangguh project in Indonesia's West Papua province this year, including 22 for the domestic market, a company official said on Wednesday. BP expects to…

GAIL India to get 90 LNG Cargos from U.S. in 2018

Mar 30, 2018

India's state-owned GAIL (India) Ltd on Friday said it would be annually receiving about 90 cargoes of liquefied natural gas (LNG) from Sabine Pass and Cove Point LNG terminals in the U.S. GAIL has long-term deals to annually buy 5.8 million tonnes U…

$3 Bln LNG-to-power Project Planned in Bay of Bengal

Mar 13, 2018

Bangladesh's Summit Power International said on Tuesday it signed a memorandum of understanding with Japan's Mitsubishi Corp and subsidiary Diamond Gas International to develop a $3 billion LNG-to-power project. Under the MoU, subsidiary Summit Corp…

Russia's Baltic Urals Exports Seen Rising in March

Feb 21, 2018

Russia's Urals crude exports from the ports of Ust-Luga and Primorsk are seen at 5.6 million tonnes in March compared to 5.0 million tonnes in the February plan, a preliminary loading schedule released on Wednesday showedExports of Urals…

Asia's Soaring Gas Demand Beckons New LNG Projects

Feb 14, 2018

Global LNG imports rose by 20 percent in 2017; new demand emerges across South, Southeast Asia. Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity…

Bangladesh Inks Deal with Indonesia for LNG Imports

Jan 29, 2018

Bangladesh signed an agreement with Indonesia on Sunday to open talks on imports of liquefied natural gas (LNG), as the South Asian country turns to the supercooled fuel to fill a shortfall of domestic natural gas. A letter of intent was signed between two state energy companies…

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