Golar LNG Limited preliminary fourth quarter and financial year 2020 results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Certain statistics would irk the average Nigerian. One of them is that Nigeria is the country with the largest proven gas reserves in Africa and 9th largest reserves in the world, yet the country imports about 70% of its Liquefied Petroleum Gas (LPG).
LPG, which is known to be able to tackle clean cooking challenges, power vehicles and machinery, serve as a component for industrial production, and agricultural processes and provide a key component for refrigerators. Also, a vibrant LPG market is certain to provide jobs for millions of Nigerians.
One would wonder why, with the enormous benefits to be had from LPG, Nigeria has a largely untapped LPG market and seems hardly bothered about it, while it continues to import LPG from other countries- including from Trinidad and Tobago.
Cameroon’s LNG enters new global markets
(Business in Cameroon) - The National Hydrocarbons Corporation of Cameroon (SNH) informs that as of December 18, 2020, 14,197,820 million BTU (Anglo-Saxon energy unit) of liquefied natural gas (LNG) was exported from floating LNG plant, Hilli Episeyo (in Southern Cameroon) to several destinations in Europe, Asia, and South America.
According to SNH, during the period, Cameroonian LNG found new destinations, such as ; Thailand, Pakistan, Kuwait, South Korea, and Turkey notably. With these new destinations, the SNH is therefore broadening its customer base and reconfiguring the geography of Cameroonian LNG market.
Prior to aforementioned developments, the LNG exported by SNH were mainly destined for the dynamic and ever expanding Asian markets (China, India, and Taiwan), which account for a massive 73% of the global LNG demand. A phenomenon that is driven by its shift away from coal to a gas powered economy.
by Evercore ISI
New Fortress Energy announced three material acquisitions that have greatly accelerated the already rapid growth profile of the company. First, New Fortress is acquiring Hygo, Golar LNG Partners’ downstream regasification and power business. The Hygo purchase provides New Fortress with one existing floating storage regasification terminal (Sergipe) and an immediate Ebitda contribution.
New Fortress also gains a second advanced development opportunity for the Barcarena LNG import terminal scheduled to start up in the first half of 2022. The Barcarena import terminal will eventually be expanded to include a related power-plant project coming on-line in 2025. Second, New Fortress is acquiring Golar LNG Partners (the publicly traded Golar-related master limited partnership), which provides it with a fleet of floating storage regasification units/floating storage units and liquefied-natural-gas carriers that can be converted to provide ready access to in-house coastal
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14 Jan, 2021 Author Corey Paul
New Fortress Energy Inc. s move to acquire Golar LNG Partners LP and Hygo Energy Transition Ltd. represented a bet by the private company on increasing natural gas demand in Brazil and a play for what analysts see as a growing market for investments in infrastructure to supply developing economies with lower-carbon fuels.
The combined $5 billion deal, one of the first big M&A announcements in 2021, netted New Fortress four new LNG import terminals. One of those terminals is active, with the other three in various stages of development. But that will nearly double the LNG import terminals in New Fortress portfolio. The company has five others two in Jamaica, one in Puerto Rico, and two in development in Mexico and in Nicaragua. By buying Golar LNG Partners, New Fortress also acquired interests in other LNG projects around the world, such as the Hilli Episeyo project in Cameroo