Downstream

This post was originally published on this site Malaysia’s state oil firm Petronas on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume but warned of moderating prices for this year due to an expected slowdown in the global economy.

This post was originally published on this site Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets, the chairman of the kingdom’s energy company said.

This post was originally published on this site Argentina’s state-controlled energy firm YPF and Malaysia’s Petronas expect to make a final decision next year on whether to invest in the first phase of a massive $60 billion natural gas project in Argentina, the head of YPF said on Wednesday.

This post was originally published on this site An Italian administrative court has postponed until July 5 a decision on a complaint against a new LNG terminal being set up in the Tuscan port of Piombino, the court said on Wednesday.

This post was originally published on this site The U.S. energy regulator on Wednesday granted Freeport LNG’s request to return to service the last of its three gas liquefaction units and phase 1 facilities at its export plant in Texas.

This post was originally published on this site Qilak LNG plans to invest $5 billion in a proposed LNG facility in Alaska’s North Slope to compete with Russia’s Yamal project for Asian customers towards the end of this decade, its chief executive said.

This post was originally published on this site Energy infrastructure company Enbridge Inc. is expected to supply two to three more liquefied natural gas export facilities throughout the U.S. Gulf Coast “before too long,” up from the four it currently supplies, CEO Greg Ebel told Reuters on Monday.

This post was originally published on this site Natural gas producer Chesapeake Energy Corp CHK.O said on Monday it would supply Gunvor Group Ltd up to 2 million tonnes of LNG annually for 15 years.

This post was originally published on this site The global natural gas market has been more fundamentally changed for the long term by Russia’s invasion of Ukraine than the oil market, CEO Mike Wirth said on Monday.

This post was originally published on this site Malaysia’s state energy company Petroliam Nasional Berhad, or Petronas, aims to complete an investigation into disruption of Malaysia LNG gas supply by the middle of the year, CEO Tengku Taufik told reporters on Friday.