Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), unchanged from the previous week, industry sources said.
Energy services company Global Energy Group has rebranded as Global and unveiled plans to build a new 2,000 square meter headquarters in Inverness as part of its strategy to grow turnover from $400 million to $670 million within three years.Group companies, Global Port Services, Global Crane Services, Global Wind Projects, Global Infrastructure
The Port of Tyne has unveiled plans to invest around $200 million to redevelop 230 acres into the Tyne Clean Energy Park, adding 400 meters of deep-water quayside to support offshore renewables, clean energy and advanced manufacturing.The project could create up to 12,000 jobs and deliver $7.6 billion to the economy, according to an independent study by WSP.
U.S Environmental Protection Agency (EPA) issued the Clean Air Act (CAA) permit for the proposed offshore Texas GulfLink (TGL) deepwater port. The permit allows a first-of-its-kind use of vapor capture and control technology mounted on an offshore support vessel at TGL’s proposed deepwater port about 30 miles southeast of Freeport, Texas.
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL).The acquisition includes The Port of Nigg, a multi-sector energy port and green freeport, Global Energy (Fabrication)
A memorandum of understanding (MoU) has been signed to mark bilateral cooperation and digital innovation in maritime technologies between German and Latvian public and private sector partners to address challenges in port infrastructure management in the Baltic Sea.The signatories include LMT, the Freeport of Riga, the Port of Hamburg, the Electronic Communications Office of Latvia
JERA, Japan's biggest power generator, has agreed to new supply deals for U.S. liquefied natural gas from four projects to diversify its global portfolio away from its reliance on Australia, it said on Thursday.JERA plans to buy up to 5.5 million metric tons per annum (mtpa) of U.S. LNG under 20-year contracts, with deliveries starting around 2030.
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports, Shipping and Waterways of India, Shri Shantanu Thakur.Mr.
Mitsui O.S.K. Lines (MOL) has acquired 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief (LBC), one of the world’s largest independent tank terminal operators primarily handling and storing chemicals in Europe and the United States.With the acquisition, MOL aims to strengthen its chemical logistics business.
Indian Prime Minister Narendra Modi and French President Emmanuel Macron visited the CMA CGM Group headquarters in Marseille during Modi’s state visit to France. Rodolphe Saadé, Chairman and CEO of CMA CGM, welcomed both leaders for discussions on strengthening economic ties and advancing the India-Middle East-Europe Economic Corridor (IMEC).
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes could help meet additional European demand as countries seek to replace piped Russian gas after the Ukraine transit deal expired on Jan.
U.S. liquefied natural gas company Freeport LNG on Wednesday received approval from the Federal Energy Regulatory Commission to restart operations at its Phase 3 facilities in Texas.The authorization includes LNG Tank 3 and its associated piping at one of the country’s major LNG export terminals.Freeport's Texas plant was shut for eight months from June 2022 to February 2023 after a fire.