Gas crisis puts LNG cargo trade concentrated in major traders’ hands

Increasing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for

Petronas kicks off gas delivery facility development

State-owned Petronas said it has kicked off the development of a gas delivery facility at Tanjung Kidurong, Bintulu, that will, from next year, supply natural gas to Sarawak Petchem (SPSB) and Sarawak Energy (SEB). The ground-breaking ceremony for the Bintulu additional gas sales facility (BAGSF-2) took place on August 22. BAGSF-2 is designed with a

Mitsubishi wins contract for a FEED study relating to CO2 capture

Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) was awarded a Front-End Engineering Design (FEED) study of a CO2 capture plant applied to natural gas fired gas turbines for a repowered combined cycle (GTCC) power plant in Alberta, Canada. The objective of this FEED study is to implement the CO2 capture plant at the repowered Genesee Generating