Author: Erick Parel

Australian LNG export revenue slightly down in April

Energy News Beat The consultancy estimates that Australian LNG export revenue reached A$5.43 billion ($3.5 billion) last month. EnergyQuest said this was lower than March’s A$5.58 billion, but down by only 0.5 percent year-on-year from April 2024 (A$5.46 billion). Western Australia projects earned A$3.13 billion in export revenue, Queensland projects earned A$1.66 billion, and Northern […]

China’s LNG imports continue to decrease

Energy News Beat Data from the General Administration of Customs shows that the country received 4.64 million tonnes last month. This compares to 6.22 million tonnes in April 2024. During January-April, China imported 20.06 million tonnes of LNG, a decrease of 22.4 percent compared to the same period last year. Natural gas imports, including pipeline […]

South Korean LNG terminal secures $815 million loan

Energy News Beat BS Hanyang said in a statement that Shinhan Bank led the project financing loan, which was supported by nine other financial institutions. This is the largest-ever project finacing deal under Korea’s regional vitalization fund and the first to reach full loan execution, backed by a special PF guarantee from Urban Guarantee Corporation […]

Norden signs iron ore port logistics deal in Australia

Energy News Beat Norden Danish shipping giant Norden has signed its first port logistics project in Australia with Kimberley Metals Group (KMG), a developer and operator of iron ore mining projects. Norden will provide additional assets for the existing transhipment operation, loading iron ore from the port of Wyndham in Western Australia onto barges and […]

Netherlands nixes offshore wind farm tenders over bad market conditions

Energy News Beat ENB Pub Note: The Netherlands is an example of Natural Gas supporting the renewable sector, and the Natural gas exports for the income make up for the expensive offshore wind. Don’t forget they had shut down their natural gas fields and were shutting down their oil and gas production when the Ukraine […]

Estonia awards first building permit for an offshore wind farm – how does the price compair to the other markets?

Energy News Beat ENB Pub Note: Estonia’s energy mix is undergoing a significant transition, driven by efforts to reduce reliance on fossil fuels, particularly oil shale, and increase the share of renewables to meet ambitious climate goals. We will review the cost/benefits later in another article. I did include the Estonian price for electricity compared […]

Buyer bows out from DDW Offshore AHTS acquisition

Energy News Beat EuropeOffshore DDW Offshore DDW Offshore Norway’s DDW Offshore, a subsidiary of Akastor, has revealed that the sale of the anchor handling tug supply (AHTS) vessel Skandi Peregrino has fallen through. DDW Offshore agreed to sell the 2010-built AHTS for a purchase price of $25m to an undisclosed client in early March. Some […]

Why diversity makes business sense

Energy News Beat On International Women in Maritime Day, Sakura Kuma, senior advisor at Mitsui OSK Lines (MOL), outlines how the maritime industry could more effectively make use of its innate diversity.  Shipping is a truly international business and I was drawn to a career in the industry as the result of the opportunity it […]

Foreign Investors Loaded Up on Treasury Securities in March Despite all the Turmoil in the Media

Energy News Beat And in April, their purchases of long-term securities at Treasury auctions increased. By Wolf Richter for WOLF STREET. Buying US Treasury securities was all the rage among foreign investors in March, despite whatever turmoil there was in the media. All foreign investors combined, from central banks to private investors, increased their holdings of Treasury securities […]

President Trump’s Gulf tour inks significant energy and technology agreements with Saudi Arabia, Qatar, and the UAE.

Energy News Beat During President Donald Trump’s Gulf tour from May 13-16, 2025, the United States secured significant energy and technology agreements with Saudi Arabia, Qatar, and the United Arab Emirates (UAE), with a combined value exceeding $2 trillion, as announced by the White House. The visit, which included stops in Riyadh, Doha, and Abu […]