Finland has put the world’s first liquefied natural gas-powered icebreaker named “Polaris” into service after it successfully completed trials and was headed for the Finnish LNG import terminal at the port of Pori to take more fuel on board.
Inter-regional natural gas and LNG trade is set to grow by 45 percent over the next 10 years and by 70 percent through 2040 as overcapacity is gradually absorbed, new players enter the stage, incumbents are challenged and the market rebalances.
Natural gas accounts for half of Argentina’s energy demand, though despite its resource wealth it became a net gas importer in 2008, by pipeline from Bolivia and via liquefied natural gas shipments.
The planned operation of natural gas liquefaction units offshore has raised many new safety issues. Cryogenic spillage is among the most critical as load bearing structures cannot be designed to resist such accidents.
Kosan Crisplant, an independent company with Middle East ties operating out of Denmark, has been working in the gas business for 65 years, mainly within liquefied petroleum gas and it is now broadening its horizons and entering the liquefied natural gas sector where its experience will be valuable.
We are expanding the technology and methods from construction of the then new Train 5 at the North West Shelf plant in Western Australia, the first base-load Train constructed using a modularised approach.
Jan 17 (LNGJ) - TechnipFMC, the merged combination of subsea energy and LNG players, France Technip and FMC Technologies of the US, is operating as a single company from January 17 with US and Euronext-listed shares. “This is a transformational day for TechnipFMC and our employees,” said Thierry Pilenko, Executive Chairman of TechnipFMC “As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come,” stated Pilenko. Chief Executive Doug Pferdehirt said: “With our merger complete, TechnipFMC is uniquely positioned to unlock possibilities for our clients to transform their project economics. We will do this by inspiring a culture of challenging conventions and finding new and better ways of doing things.”
Jan 16 (LNGJ) - Reganosa, owner of the Mugardos import terminal at El Ferrol in northwest Spain, is the company with the contract to operate and maintain the first LNG regasification project of the Mediterranean island nation of Malta. The facility has just been brought on line with the recent delivery of the first cargo to the 125,000 cubic metres capacity LNG storage unit, the “LNG Armada Mediterrana”, to supply a combined-cycle gas power plant with capacity of 215 megawatts. Electrogas is a joint venture involving German power group Siemens, Azerbaijan energy company SOCAR and Maltese firm Gem Holdings Ltd.
Jan 16 (LNGJ) - The 160,400 cubic metres capacity carrier “Malanje” is scheduled to deliver a cargo to the Sines import terminal in Portugal on January 22 from the Soyo export plant in Angola, southwest Africa, according to shipping data. In other shipping movements, the 127,700 cubic metres capacity “LNG Flora” will unload a shipment on January 20 at the Tai-Chung import terminal in Taiwan. The cargo came from the Japanese Sakai Senboku terminal in Osaka Bay, operated by Kansai Electric. The 155,000 cubic meters capacity “Gaslog Sydney” will deliver a cargo on January 26 to the Pyoengtaek terminal in South Korea from the Gladstone export plant eastern Australia, operated by Santos.
Jan 13 (LNGJ) - The 141,000 cubic metres capacity “LNG Cross River” is scheduled to deliver a cargo to the Portuguese import terminal of Sines, located south of Lisbon, on January 16 from the Bonny Island export plant in Nigeria, according to shipping data. The 145,000 cubic metres capacity vessel “Al Deebel” is scheduled to deliver a shipment on January 19 to the Egyptian port of Ain Sokhna in the Gulf of Suez from the Qatari export complex at Ras Laffan. The 210,100 cubic metres capacity Q-Flex carrier “Al Ghariya” is expected to unload a shipment from Qatargas on January 20 at the Incheon terminal in South Korea. The 155,000 cubic metres capacity vessel “GasLog Singapore” will arrive at Port Moresby in Papua New Guinea on January 17 to lift a cargo for North Asia.
Jan 12 (LNGJ) - Norway-based aluminium company Hydro has signed accords with the northern Brazilian state of Para and the Brazil unit of Royal Dutch Shell for imported LNG to replace fuel oil consumption at the Alunorte alumina plant, the largest in the world. The agreements were signed in the city of Belem by Hydro Chief Executive Svein Richard Brandtzaeg and the other parties. Hydro said the accord with Shell outlines terms for delivery of LNG and the establishment of necessary infrastructure close to the Alunorte plant. “Hydro aims to be carbon neutral from a life cycle perspective in 2020,”said Hydro CEO Brandtzaeg. Alumina is used as a refined compound for the smelting of aluminium metal.
Jan 11 (LNGJ) - The Henry Hub benchmark natural gas spot price averaged $2.51 per million British thermal units in 2016 and is expected to increase to an average of $3.55 per MMBtu in 2017 and $3.73 MMBtu in 2018, according to the last US government forecasts in the short-term energy outlook. “Higher average prices in 2017 reflect price increases in the second half of 2016 because of a hot summer and declining production, which reduced the inventory excess compared with the previous five-year average,” the report said. The power generation shares of coal and natural gas are expected to be roughly equal in 2017, as each fuel is projected to generate about 32 percent of US electricity.
Jan 11 (LNGJ) - The UK South Hook regasification terminal in Milford Haven, one of the main gateways for LNG imports, is closing for scheduled maintenance from January 16 until January 20. The facility, owned by Qatar Petroleum and ExxonMobil, receives regular cargoes from the Qatari export complex at Ras Laffan to supplement the UK pipeline imports.
Jan 10 (LNGJ) - The 138,100 cubic metres capacity “Berge Arzew” has just unloaded a cargo at the Marmara Ereglisi import terminal in Turkey, operated by Botas. The shipment was lifted from the Arzew export plant in Algeria, according to shipping data. The 147,200 cubic metres capacity “Arctic Princess” is scheduled to deliver a Norwegian cargo on January 21 to the Turkish Aliaga import facility near Izmir, operated by EgeGaz.
Jan 9 (LNGJ) - The 147,100 cubic metres capacity carrier “Ibra LNG” is scheduled to unload a cargo at Pyeongtaek import terminal in South Korea on January 10 from the Qalhat export plant in Oman, according to shipping data. The 138,200 cubic metres capacity vessel “British Innovator”, operated by BP Shipping, is scheduled to deliver a cargo on January 26 to the Tai-Chung import terminal in Taiwan from the Trinidad export plant in the Caribbean.
Jan 7 (LNGJ) - Jera Co. Inc., the Japanese joint venture company for LNG procurement and projects comprising Tokyo Electric Power Co. and Chubu Electric, received its first cargo from the US Gulf Coast. The shipment was unloaded at the Joetsu import terminal operated by Chubu Electric. The cargo for Japan had left the Sabine Pass liquefaction and export plant in Louisiana on the vessel “Oak Spirit” on December 7. “Jera believes the purchase of US LNG will contribute to a stable energy supply in Japan through the diversification of procurement regions and LNG price indices,” the joint venture said. “Going forward, Jera will establish an LNG procurement portfolio that can flexibly respond to changes in the business environment by increasing its procurement ratio of LNG which is free from destination restrictions, through projects such as the Freeport LNG project in the US,” it added.
Jan 6 (LNGJ) – Caudrilla Resources, the UK shale-gas company, has begun work at its first hydraulic fracturing site located just east of the coastal city of Blackpool in northwest England. Construction at the fracking site started after Lancashire County Council found that all planning conditions had been met. “Twelve months from now we hope this work will prove the economic viability of this indigenous shale-gas resource in Lancashire which will help improve energy security for the nation,” said Caudrilla Chief Executive Francis Egan.
Jan 6 (LNGJ) – The 140,000 cubic metres capacity carrier “Arctic Voyager” is scheduled to arrive with a cargo on January 16 at the Canaport import terminal in the East Coast Canadian province of New Brunswick, owned by Spanish energy company Repsol and Irving Oil of Canada. The cargo was lifted on January 5 at the Hammerfest export plant in Northern Norway, operated by Statoil.
Jan 5 (LNGJ) - The 75,000 cubic metres capacity carrier “Cheikh El Mokrani” will deliver a cargo on January 6 to the Revithoussa import terminal in Greece from the Arzew liquefaction plant in Algeria, according to shipping data. The 141,000 cubic metres capacity “LNG River Niger” is scheduled to deliver a cargo on January 10 to the Turkish Marmara Ereglisi import terminal, operated by state energy company Botas, from the Bonny Island export plant in Nigeria.
Jan 5 (LNGJ) - Gaztransport and Technigaz (GTT), the French LNG storage tank company for maritime transport, said Monaco-based LNG carrier fleet operator GasLog had chosen its Mark V technology for a newbuild. The GasLog ship is under order at the Samsung Heavy industries shipyard at Goeje Island in South Korea and will be delivered in 2019. “Gaslog's choice of our new membrane containment system highlights the confidence of our partners in our innovations,” said GTT Chairman and Chief Executive Philippe Berterottière.
Jan 4 (LNGJ) - The “Clean Ocean” has arrived at the Sabine Pass export plant in Louisiana, operated by Cheniere Energy, to lift a cargo, according to shipping data. The 155,900 cubic metres capacity vessel, chartered to Cheniere by Greek shipping line Dynagas, previously traversed the Panama Canal to deliver a US cargo to the Manzanillo import terminal on the Pacific Coast of Mexico. The 147,200 cubic metres capacity “Arctic Lady” will deliver a cargo on January 9 to the Barcelona import terminal in northeast Spain from the Norwegian plant at Hammerfest, operated by Statoil. The 147,000 cubic metres Japanese-flagged carrier “Energy Navigator” will unload a cargo at the Chita import terminal in Nagoya on January 9 from the Woodside-operated export plant at Dampier in Western Australia.
Jan 3 (LNGJ) - The 160,100 cubic metres capacity vessel “Palu LNG” has delivered a shipment from Peru to the Incheon import terminal in South Korea, also operated by Korea Gas Corp., according to shipping data. The 174,000 cubic metres capacity “Gaslog Geneva” has docked at the Pyeongtaek import terminal in South Korea, also operated by Kogas. The 155,000 cubic metres capacity carrier “British Diamond”, owned by BP Shipping, has unloaded a cargo at the Yung-An terminal in Taiwan.
Jan 3 (LNGJ) - The 266,000 Q-Max carrier “Al Mafyar” will deliver a shipment on January 6 from Qatargas in Ras Laffan to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The LNG is being imported as the benchmark UK National Balancing Point natural gas price was last at the equivalent of $6.40 per million British thermal units. The continental European Dutch Title Transfer Facility (TTF) natural gas daily future was trading at the equivalent of $5.38 per MMBtu.
Dec 30 (LNG) - BP of the UK and Thai energy company PTT have signed an LNG sales agreement. BP will sell PTT around 1 million tonnes per annum over a 20-year period. The shipments will start in 2017 and include cargoes from the US Freeport LNG export project at Quintana Island in Texas. “BP is pleased to conclude this LNG sale and purchase agreement with PTT, with whom we have a longstanding relationship,” said Paul Reed, Chief Executive of BP Integrated Supply and Trading. “Thailand has become a significant LNG market and this agreement with PTT further demonstrates our LNG supply capability in the region,” added Reed.
Dec 29 (LNGJ) - The 148,470 cubic metres capacity vessel “LNG Kano” will unload a cargo on January 2 at the Montoir-de-Bretagne import terminal in Western France from the Bonny Island export plant in Nigeria, according to shipping data. The 152,300 cubic metres capacity vessel “Seri Bakti”, operated by Malaysia International Shipping Corp., is scheduled to unload a cargo on January 4 at the Incheon terminal in South Korea from the Gladstone plant in Queensland, Australia. The 216,200 cubic metres capacity Q-Flex vessel “Al Gattara” will unload a cargo on January 13 at the Map Ta Phut import terminal in Thailand. The shipment was lifted from the Ras Laffan export plant in Qatar.
Dec 28 (LNGJ) - Italian energy company Eni signed two new concession agreements for the North El Hammad and North Ras El Esh blocks, located in the shallow Egyptian territorial waters of the Mediterranean Sea as a result of the latest bidding round held by Egyptian Natural Gas Holding Co. The award of the Egyptian licences follows Eni’s discovery of the world-class Zohr natural gas field set to come on stream by early in 2018 to transform the regional LNG market. Eni is the operator of the blocks, which cover an area of 1,927 square kilometres. The other shareholders are BP of the UK and France’s Total.
Dec 28 (LNGJ) - Golar LNG Partners said it had received notice from Brazilian energy company Petrobras of the notice of early termination of the charter of the Floating Storage and Regasification Unit “Golar Spirit”. The charter will end on June 21, 2017, and the vessel will be immediately re-marketed. “There is currently significant interest and bidding activity in the FSRU market and also a limited number of FSRUs available for the next two years,” said Golar. “The ‘Golar Spirit’, as a relatively small capacity FSRU, could be well suited for a number of emerging smaller-scale FSRU projects as well as a potential bridging solution for larger projects,” the company added.
Dec 27 (LNGJ) - The 140,000 cubic metres capacity vessel “Arctic Voyager” is scheduled to deliver a cargo to the Baltic state of Lithuania on December 30. The shipment from the Norwegian Hammerfest plant, operated by Statoil, will be unloaded at the floating import facility at the port of Klaipeda.
Dec 23 (LNGJ) - Australian company LNG Ltd., developer of the US Magnolia LNG export project in Louisiana, is extending the validity of its signed engineering, procurement and construction contract for a second time with US engineering firm KBR and South Korea’s SK Engineering and Construction. This is because the Magnolia project has insufficient firm supply contracts to move forward with building. The EPC contract was previously extended by eight months in April 2016 and the parties have agreed to an interim extension through January 31, 2017, as a bridging step to agreement on a longer term extension. “We are pleased to continue to be working closely with KBR-SK E&C as well as other key contractors and suppliers to maintain momentum on the Magnolia LNG project as we finalize LNG offtake agreement efforts,” said LNGL Chief Executive Greg Vesey.
Dec 22 (LNGJ) - Anadarko Petroleum, the US company with LNG plans for the southeast African nation of Mozambique, has agreed to sell its operated and non-operated upstream plays and midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Resources for around $1.24 billion. The midstream assets in the Marcellus owned by Western Gas Partners are excluded from the agreement. The Marcellus Shale sell-off includes 195,000 net acres and sales volumes from the properties of 470 million cubic feet per day. “With this transaction, we have announced or closed monetizations totaling well in excess of $5 billion in 2016, while principally focusing Anadarko's US onshore activities on our world-class oil-levered assets in the Delaware and DJ basins,” said Al Walker, Anadarko Chairman, President and Chief Executive.
Dec 22 (LNGJ) - Shipments of LNG to India for its regasification terminals on the West Coast near Mumbai amounted to 1.49 million tonnes of cargoes in November compared with 1.29MT in the same month a year ago, a rise of 15.5 percent. The figures from the Ministry of Petroleum and Natural Gas showed cumulative imports for the eight months of the current financial year to the end of November amounted to 12.46MT of LNG compared with 10.11MT to November 2015, a rise of 23.2 percent. Most shipments currently come from Qatar but several cargoes have been received recently from the US and Australia. Domestic natural gas production for the month was 2.67 Bcm, a 1.7 percent fall from November 2015.
Dec 21 (LNGJ) - JERA Trading Singapore, the Japanese unit of the LNG and energy procurement company set up by Tokyo Electric Power Co. and Chubu Electric, will become one of the largest coal traders globally after agreeing to acquire the EDF Trading coal and freight business of France-based EDF Group. JERA Trading will now have a major presence in both the Atlantic and Pacific basins and total physical coal sales of around 60 million tonnes per annum. It is also keeping on key staff from the EDF Trading subsidiary. “Coal is an important part of the fuel mix in the global energy markets and the transaction considerably strengthens JERA’s competitive procurement and sales capabilities,” the Japanese company said. JERA Trading will be managed from Singapore with an additional commercial hub in London that will run its Atlantic basin activities.
Dec 20 (LNGJ) - The 155,000 cubic metres capacity “GasLog Santiago” has arrived with a cargo from the Atlantic LNG plant in Trinidad at the bay on the Aegean coast of Turkey where the onshore Aliaga import terminal is located as well as the Floating Storage and Regasification Unit “GDF Suez Neptune”, according to shipping data. The Turkish Petroleum Pipeline Corp. (Botas) has already purchased cargoes to be delivered to the “GDF Suez Neptune” FSRU in Turkey. The vessel is chartered from French energy company Engie and has storage capacity of 145,000 cubic metres. The Aliaga terminal, near where the FSRU is moored, is owned by EgeGaz.
Dec 20 (LNGJ) – Energy and LNG engineering company KBR said it signed two global agreements with BP of the UK, one for the provision of conceptual engineering services and another for the provision of pre-front end engineering and design. The accords are for three years with options for two additional years and cover services provided by KBR and subsidiaries Granherne, GVA Consultants and Energo. The geographical scope includes several LNG producing nations, namely Angola, Indonesia, Oman and Trinidad as well as other areas like Alaska, Azerbaijan, the Gulf of Mexico and the UK. “We are delighted to continue our 50-year successful working relationship with BP while continuing to further our track record of safely and effectively delivering quality projects,” said KBR Chief Executive Stuart Bradie.
Dec 19 (LNGJ) - Noble Energy and Delek Group said they had decided on further well drilling at the Leviathan field in the East Mediterranean offshore Israel where assets are already estimated at 22 trillion cubic feet. The Leviathan partners will carry out an appraisal and at the Leviathan-5 production well in the area of the Leviathan North lease. Noble recommended carrying out the work on the additional well, which will become part of the series of production wells in the Leviathan field.
Dec 16 (LNGJ) - The 75,000 cubic metres capacity vessel “Cheikh Bouamama” will deliver a cargo on December 17 to the Revithoussa import terminal in Greece after earlier calling at the Spanish Huelva terminal from its previous port of Arzew in Algeria, according to shipping data. The 145,700 cubic metres capacity “LNG Benue” is scheduled to deliver a cargo on December 27 to the Turkish Aliaga import terminal, near Izmir, operated by EgeGaz. The shipment for Turkey was lifted at Nigeria’s Bonny Island plant on December 13. The 210,000 cubic metres capacity Q-Flex carrier “Al Nuaman” is scheduled to deliver a cargo from Qatar on December 22 to the Polish import terminal, located at Swinoujscie on the Baltic coast.
Dec 16 (LNGJ) - The $7.7-billion Sankofa Gas Project in Ghana, the West African nation which has two competing floating LNG import and power projects also under development, has received $750 million in loans and guarantees from lending institutions of the World Bank. The Sankofa project is a natural gas field located 60 kilometres offshore Western Ghana. The gas will fuel up to 1,000 megawatts of domestic power generation, or about 40 percent of Ghana’s current installed capacity. The development of the field has been carried out by Italian energy company Eni and Vitol Group of the Netherlands in partnership with Ghana’s National Petroleum Corp. “This project demonstrates that private capital can be mobilized on a large scale to contribute to the country’s energy security,” the lenders said.
Dec 15 (LNGJ) - Centrica, the UK-based utility, energy company and LNG buyer, said it continued to make good progress on its strategic priorities and now expects to exceed its original 2016 financial targets. It said adjusted operating cash flow is expected to be in the range of 2.4-2.6 billion pounds ($3.00Bln-3.25Bln). Centrica expects full-year 2016 adjusted earnings per share to be around 16.5 pence. “We have made considerable progress in reshaping our portfolio and capabilities to deliver a robust platform for customer-focused growth,” said Chief Executive Iain Conn.
Dec 15 (LNGJ) - Royal Dutch Shell has appointed Jessica Uhl to be its new Chief Financial Officer with effect from 9 March 2017. Uhl will be a member of Shell’s executive committee and a director based in the Netherlands. She is an American citizen, grew up in California and holds a BA in Political Economy from the University of California at Berkeley. She joined Shell in 2004 after working for Enron in Houston and Panama from 1997 to 2003. She has held financial roles for Shell in Europe and the US. She is replacing Simon Henry who will remain on the board and as CFO until Uhl takes over and with the company until 30 June 2017. Shell Chief Executive Ben van Beurden said: “Jessica combines an external perspective with broad Shell experience and is a highly regarded executive with a track record of delivering key business objectives.”
Dec 14 (LNGJ) - The 266,000 Q-Max carrier “Aamira” will deliver a shipment on December 21 from Qatargas in Ras Laffan to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The LNG is being imported as the benchmark UK National Balancing Point natural gas price was last at the equivalent of $5.65 per million British thermal units. The continental European Dutch Title Transfer Facility (TTF) natural gas daily futures price was last at the equivalent of $5.26 per MMBtu.
Dec 14 (LNGJ) - KBR, one of the leading US energy and LNG engineering companies, has named Mark Sopp as the new Chief Financial Officer. The company said current CFO Brian Ferraioli has decided to retire. Sopp brings many years of financial leadership experience to KBR. From 2005 to 2015, he served as CFO and Executive Vice President for Leidos Holdings, one of the largest publicly traded government contractors in the US. “We look forward to Mark joining KBR,” said Stuart Bradie, KBR President and Chief Executive. “Along with his extensive financial and capital markets expertise, Mark's long-time experience in the government contracting sector will be immensely helpful as KBR expands our Government Services segment to achieve better balance between our government and hydrocarbons businesses,” the CEO added.
Dec 14 (LNGJ) - The 148,300 cubic metres capacity “LNG Imo” will deliver a shipment on December 23 to the Jordanian import facility at the port of Aqaba from the Nigeria LNG plant at Bonny Island, according to shipping data. The 160,000 cubic metres capacity “Asia Energy” will deliver a cargo to the Japanese terminal at Himeji, operated by Kansai Electric, on December 18 from the Australia Pacific LNG plant at Gladstone in Queensland. The 162,000 cubic metres capacity “Esshu Maru” will unload a cargo at the Indian Dahej terminal on December 20. The 210,100 cubic metres capacity Q-Flex carrier “Fraiha” will deliver a Qatari shipment to the South Korean Pyeongtaek import terminal on December 30.
Dec 13 (LNGJ) - The 147,200 cubic metres capacity “Arctic Princess” will deliver a shipment to the Sines import terminal in Portugal on December 17 from the Hammerfest liquefaction plant in northern Norway, operated by Statoil. The 141,000 cubic metres capacity “LNG Cross River” will deliver a shipment on December 22 to the Barcelona terminal in northeast Spain from the Nigeria LNG Bonny Island export plant.
Dec 12 (LNGJ) - Gas Natural Fenosa, the Spanish natural gas and LNG company with global utility assets, said it opened its second LNG public re-fuelling station in the western French city of Poitiers as it builds up a European network. Over the next few months, the Spanish company also plans to open three more stations in the French cities of Bordeaux, Compiegne and in the Channel port of Dunkirk, where France’s fourth and newest LNG import terminal is located. The latest facility in Poitiers also offers compressed natural gas to cars, trucks and buses. Gas Natural Fenosa opened its first French LNG station in southwest France at Castets, near Bayonne, two years ago. “These two stations in France, together with those already operating in Spain, allow the international transportation of goods along the Atlantic Corridor to be made exclusively with natural gas,” GNF said.
Dec 9 (LNGJ) - AWE Ltd., the Sydney-based Australian energy company, said its Waitsia natural gas project in the Perth onshore basin of Western Australia was making strong progress towards its stage two development. The project could free up more feed-gas for LNG production and exports in the state. The Waitsia joint venture partners, AWE and Origin Energy, have approved the 2017 development budget, including drilling the final two appraisal wells from April to June 2017. AWE added that it had commenced a tender process and bids had been received for Waitsia stage two, which could supply 10 percent of WA's domestic gas demand for 10 years.
Dec 9 (LNGJ) - The 155,900 cubic metres capacity carrier “Clean Ocean”, operated by Dynagas and chartered to Cheniere Energy of the US, is scheduled to unload a cargo at the Dalian import facility in northeast China on December 31 from the Sabine Pass export plant in Louisiana. The Dalian terminal is operated by PetroChina and is the only regasification facility in Liaoning province.
Dec 8 (LNGJ) - Chevron Corp., the operator of the Gorgon LNG plant in Western Australia and the developer of the nearby Wheatstone joint venture, said it planned a $19.8 billion capital spending and exploratory investment programme for 2017. “Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction,” said Chairman and Chief Executive John Watson. “In fact, over 70 percent of our planned upstream investment programme is expected to generate production within two years,” added Watson,
Dec 7 (LNGJ) - Petronas, the Malaysian liquefied natural gas producer, has signed an agreement with Japanese utility Hokuriku Electric Power to supply up to six cargoes per annum for a period of 10 years, beginning in March 2018. The volumes will come from its Bintulu onshore liquefaction plant in Malaysia and from its overseas volumes, including those in Australia. The Hokuriku utility has a service area situated within 300 kilometres of Japan's three major metropolitan areas, Tokyo, Osaka and Nagoya and serves about 2.13 million customers on contracts.
Dec 7 (LNG) - Chesapeake Energy Corp. said it had agreed to sell some of its acreage and producing properties in the Haynesville shale of northern Louisiana for $450 million. Chesapeake said the buyer was a private company and the assets comprise around 72,800 net acres, 40,000 net acres of which the company considers as core acreage and about 250 producing wells with current output of 30 million cubic feet of gas per day, net to the company. The Oklahoma City-based Chesapeake expects the transaction to close in the first quarter of 2017.
Dec 6 (LNGJ) - Parker Bestobell Marine, the UK-based supplier of cryogenic globe and check valves for LNG shipping and fuel systems, will supply the valves for two Caledonian MacBrayne ferries being built at Ferguson Marine Engineering in Glasgow. The valves will be installed in the LNG fuel gas systems of the vessels, which will be the first UK-built ships to have LNG propulsion. The new ferries will be dual-fuel vessels to operate on either LNG or marine diesel fuel. “The first of the new Calmac ferries is expected to be delivered in early 2018, with the second vessel following a few months later. The ships are designed to carry 127 cars or 16 HGVs (Heavy Goods Vehicles) or a combination and up to 1,000 passengers,” said Parker Bestobell, whose valves factory is in Sheffield.
Dec 6 (LNGJ) - CB&I, the US energy and LNG project company, has launched a craft development programme for industrial electricians as part of the company’s long-standing commitment to supporting American military veterans. CB&I has partnered with Central Louisiana Technical Community College’s Lamar Salter Campus and Fort Polk, a US Army installation in Louisiana, to train military personnel for new careers. The programme lasts 16 weeks and qualified graduates will receive job offers from CB&I. “As a fellow veteran, I want the men and women participating in the programme to know that CB&I values your leadership, teamwork, strong work ethic and many of the other traits you develop in the US Armed Forces,” said Philip K. Asherman, CB&I’s President and Chief Executive.
Dec 6 (LNGJ) - Cheniere Energy, the US owner of the Sabine Pass LNG export plant in Louisiana, is borrowing about $1.5 billion to help develop its second liquefaction plant being constructed at Corpus Christi in Texas. The borrowing is in the form of senior secured notes being sold to investors. The value of the Cheniere notes was increased by $500 million from an initial $1Bln. The notes will bear interest at a rate of 5.875 percent per annum and will mature on March 31, 2025. The offering is expected to close on December 9.
Dec 5 (LNGJ) - The Texas Petro Index declined in October for the 23rd straight month, though just by 0.1 point to 149.1 as higher wellhead prices sparked more drilling and permitting activity, offsetting the effects of continuing oil and gas production declines. Feed-gas for future and current LNG exports come from Texas feed-gas among other sources. According to the TPI, natural gas prices in Texas this year through October were about 14.3 percent less on average than in the first 10 months of 2015. Prices in October averaged $2.91 per thousand cubic feet. Natural gas output in Texas during October was down about 8 percent compared with the same month in 2015, while gas production in Texas for the first 10 months was down about 6.5 percent compared with 2015. The posted price for West Texas Intermediate crude averaged $46.31 per barrel in October, the highest monthly average since July 2015.
Dec 2 (LNG) - The 217,000 Q-Flex carrier “Al Huwaila” will deliver a shipment on December 7 from Qatargas in Ras Laffan to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The LNG is being imported as the benchmark UK National Balancing Point natural gas price has been rising recently and was last at the equivalent of $6.20 per million British thermal units. The Dutch title Transfer Facility (TTF) natural gas daily futures prices was last at the equivalent of $5.35 per MMBtu.
Dec 2 (LNGJ) - Hoegh LNG Partners, the US-listed affiliate of the Norwegian fleet owner and project company, has priced a share sale of 6 million common units at a public offering price of $17.60 per unit to raise $105.6 million. The partnership intends to use the net proceeds to fund its purchase from Hoegh LNG of a majority stake in the Floating Storage and Regasification Unit, the “Hoegh Grace”. Investment banks Citigroup and Barclays are acting as the joint book-running managers of the offering in addition to the brokers DNB Markets, Fearnley Securities and Stifel. The partnership has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares depending on demand.
Dec 1 (LNGJ) - The 148,470 cubic metres capacity vessel “LNG Kano” will deliver a cargo on December 5 to the Montoir-de-Bretagne terminal in Western France from the Bonny Island export plant in Nigeria, according to shipping data. The 141,000 cubic metres capacity “LNG River Niger” is scheduled to unload a Nigerian cargo on December 7 at the Barcelona import terminal in northeast Spain. The 145,000 cubic metres capacity vessel “Milaha Qatar” will deliver a shipment on December 8 to the Zeebrugge terminal in Belgium from the Qatari export plant at Ras Laffan.