BP onshore compression project to deliver more natural gas supplies to Caribbean nation
Our Americas editor
UK energy major BP has started up an onshore compression project in Trinidad to deliver an additional 200 million standard cubic feet of natural gas per day to the Caribbean nation’s liquefied natural gas plant and other customers as part of the larger Juniper offshore venture.
Our Asia-Pacific editor
Woodside Petroleum, the largest Australian liquefied natural gas plant operator, posted a drop in overall sales revenue in the first quarter of almost 9 percent as cyclone weather hit production and LNG prices ranged from an average $5.50 million British thermal units at the North West Shelf plant to $8.70 per MMBtu at Pluto LNG.
Australian energy company Santos said the Gladstone coal-seam-gas-to-LNG plant it operates in the eastern state of Queensland increased production to 1.4 million tonnes for the quarter, backed by strong CSG output from the Fairview and Roma fields in the Surat Basin in the southeast of the state.
Our Asia-Pacific editor
Oil Search, a stakeholder in the Papua New Guinea LNG plant, said the joint venture planning its expansion will start the engineering phase by the end of 2017 as current prices achieved for cargoes averaged US$7.40 per million British thermal units.
Origin Energy, the Australian utility and stakeholder in the Australia Pacific LNG plant in Queensland, said its current head of its Integrated Gas division, David Baldwin, was stepping down to be replaced by former Shell executive Mark Schubert.
Tokyo Gas and Kyushu Electric Power have formed the latest Japanese strategic alliance under the government’s deregulation policy as companies aim to import LNG on the most economic terms and prepare to share volumes during periods of high demand.
Our North American editor in New York
The Administration of President Donald Trump is taking an interest in the Alaska LNG project with US Vice-President Mike Pence meeting Alaska Governor Bill Walker and officials during a stop-over and the venture itself formally applying on April 17 to receive regulatory permits.
The US Rio Grande LNG project development company in Texas run by former Royal Dutch Shell senior executive Kathleen Eisbrenner has signed a definitive agreement to become a listed company on the Nasdaq global exchange through a reverse takeover.
Our North America editor in New York
Kinder Morgan, one of the largest US pipeline companies, and Colorado-based DCP Midstream have signed a letter of intent for DCP to participate in the development of the proposed Gulf Coast Express Pipeline Project to ship Permian Basin natural gas to the Texas Gulf Coast and its LNG projects.
Our Europe editor
Norwegian company Global LNG Services (GLS), a developer of floating liquefaction hulls, said it planned to work with Siemens of Germany and Sembcorp Marine of Singapore on projects, including one on the US Gulf Coast.
Gaztransport and Technigaz (GTT), the French maritime storage tank specialist, said first-quarter revenues fell almost 3 percent to 56.8 million euros ($62.4M) as new orders were gained for four floating storage and regasification unit (FSRU) vessels and one conventional LNG carrier.
Skangas, the Norwegian liquefied natural gas supplier and facility operator, has named Kimmo Rahkamo as its new chief executive in succession to Tor Morten Osmundsen.
Our Asia-Pacific editor
Japanese liquefied natural gas imports stayed in the high end at more than 8 million tonnes for March, in line with the volumes purchased in the same month a year ago as prices rose and power generation companies opted to buy more thermal coal.
One of the largest pension funds in Canada has agreed to acquire more than a third of the shares in the main LNG import terminal in South America, the GNL Quintero facility in Chile.
Vitol-Gazprom LNG deal
Swiss-based global commodities company Vitol has signed a multi-year LNG purchase agreement for the Russian player Gazprom Marketing and Trading (Singapore) to supply around 300,000 tonnes of LNG per annum from 2018. The supply will come from Gazprom’s diversified LNG portfolio. “We are delighted to be working with Gazprom Marketing and Trading, a subsidiary of Gazprom, the world’s largest producer of natural gas,” said Pablo Galante Escobar, Head of LNG at Vitol. “Vitol is an established participant in LNG markets globally and this development will strengthen our offering to customers worldwide,” he added.
Spanish firm is on track
Gas Natural Fenosa of Spain, one of Europe’s main LNG players with a supply agreement at Sabine Pass in the US, has held its annual shareholder meeting in Barcelona. Chief Executive Rafael Villaseca highlighted the company’s business performance, which was above the average for comparable companies in Europe. Villaseca said that GNF last year obtained 75 percent of its gross earnings from the regulated activities of gas and electricity distribution and the remaining 25 percent from liberalized power generation and natural gas marketing activities.
ABS starts in Houston HQ
The American Bureau of Shipping, one of the leaders of the development of the LNG industry in the US, has broken ground on its new global headquarters in Houston, Texas, comprising a 10-storey building and 326,800 square feet of office space. Completion of the ABS HQ, is scheduled for the end of 2018.