Ineos and Covestro Announce Landmark LNG Deal
Ineos and Covestro announced a significant long-term agreement for the natural gas supply for up to eight years, starting in 2027.
Liquefied Natural Gas (LNG)
Air Products Completes Sale of its LNG Business to Honeywell for $1.8 Billion
Air Products recently completed the sale of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion (€1.63 billion) in cash.
Honeywell to Acquire Air Products' Liquefied Natural Gas Process Technology and Equipment Business
Honeywell and Air Products recently announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for €1.67 billion ($1.81 billion) in an all-cash transaction. This represents approximately 13x the estimated 2024 EBITDA.
QatarEnergy Signs $6 Billion Deal for 18 LNG Vessels with Chinese Shipbuilder
China State Shipbuilding Corporation (CSSC) will construct 18 giant liquefied natural gas (LNG) vessels for QatarEnergy under a deal worth $6 billion.
Equinor Signs 15-Year LNG Supply Deal with Deepak
Norwegian energy group Equinor and India’s Deepak Fertilisers and Petrochemicals Corporation (DFPCL) have signed a 15-year contract for the supply of liquefied natural gas (LNG), scheduled to start in 2026.
Cheniere and BASF Sign LNG Agreement
Cheniere Energy and BASF signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA).
Ineos Charters Two LNG Carriers for Shipping US Gas
Ineos Energy, one of the newer units in Jim Ratcliffe’s growing portfolio of chemicals and related holdings, has signed dual agreements with Japanese shipbuilder Mitsui O.S.K. Lines (MOL) for two very large LNG carriers it plans to use to transport US-produced liquefied natural gas to Germany.
Venture Global “on Track” to Be Germany’s Top LNG Supplier
Venture Global, a US-based exporter of LNG, which has just agreed two major supply deals with German customers, says it is on track to solidify its position as the country’s largest supplier of liquefied natural gas.
Graforce and Worley to Scale Methane Electrolysis Technology in Asia-Pacific
German hydrogen technology company Graforce and Australian multinational engineering contractor Worley are collaborating to scale methane electrolysis (plasmalysis) in Australia, China and Asia-Pacific.
Ineos Acquires First-Ever US Shale Asssets
Ineos has at last clinched a deal that its founder Jim Ratcliffe has had in his sights for about a decade. The UK-steered olefins and polyolefins giant this week announced it had plunked down $1.4 billion to acquire its first US onshore oil and gas assets.
Germany Opens Second LNG Import Terminal
Germany inaugurated its second liquefied natural gas (LNG) import terminal on Jan. 14 in the Baltic seacoast town of Lubmin, in the presence of chancellor Olaf Scholz and Manuela Schwesig, prime minister of the state of Mecklenburg-Western Pomerania.
Germany Opens Wilhelmshaven LNG Terminal
German chancellor Olaf Schoz officially opened the country’s second floating storage and regasification unit (FSRU) at Wilhemshaven on the North Sea on Dec. 16.
Ineos Orders Ethane Carriers to Supply LNG
UK-steered petrochemicals giant Ineos has signed long-term charter agreements with Japan’s IINO Kaiun Kaisha line for delivery of two Very Large Ethane Carriers (VLECs) with a volume of 99,000 cbm, initially to supply liquefied natural gas (LNG) to Germany.
Germany Inks Major LNG Deal with Qatar
QatarEnergy, teamed with US energy major ConocoPhillips, has agreed to supply Germany with around 2 million tonnes of liquefied natural gas (LNG) annually over 15 years, starting in 2026.
Qatar Won’t Divert Asian Gas Orders to Europe
As QatarEnergy works to expand its gas production and trading operations amid a surge in global demand, it has stressed that it will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe as some governments had hoped.
Germany Inks new Middle East Gas Deals
After months of difficult negotiations, Germany’s coalition government has reached initial agreements with Qatar and the United Arab Emirates for the supply of liquefied natural gas (LNG) to help close energy gaps following the shutdown of pipelines from Russia.
Eni to Lead Qatar LNG Consortium?
State-backed Italian energy group Eni has reportedly been tapped by the government of Qatar to lead a consortium of five global energy groups to stem the near $30 billion expansion of the North Field, the world’s largest liquefied natural gas (LNG) project.
GEFO invests €400 million
The shipping company Gefo is building a range of new specialized tankers at shipyards in China, Turkey, Romania and the Netherlands.
Dow Takes Stake in German LNG Terminal
With all European energy discussions now focusing on dramatic cuts in supplies of Russian gas, Dow Chemical is taking an undisclosed minority stake in an import terminal for US liquefied natural gas (LNG) that is planned to be built on its own chemical complex at Stade on the German North Sea coast.
Jointly mastering logistical challenges
Lubricants for automotive, mechanical engineering, aviation and various other industries: This is the business model of Fuchs Schmierstoffe from Mannheim.
