Controversial union reveals LNG market maturityMarriages are usually times of joy and celebration. While the shareholders of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) might be celebrating the proposed merger between the South Korea shipyards, I think the marriage would be a poor match for LNG carrier shipowners.
FERC pens agreement to push forward pending LNG projectsFERC said on Thursday that it applied a new approach for consideration of direct greenhouse gas emissions from LNG facilities in light of the commission awarding Venture Global LNG a regulatory permit to site, construct, and operate the Calcasieu Pass LNG export project in Louisiana.
Teekay LNG’s 2018 profit slumpsNet income for the fourth quarter plunged to $6.58 million from $25.95 million in the previous quarter, the company’s report shows.
China to increase LNG import capacity in GuangdongThe area includes the cities of Hong Kong, Macau and nine other neighboring cities in the Guangdong province, with the government looking to transform it into an economic center, the state-owned news agency Xinhua reports.