In this issue

 

Amec Foster Wheeler, the UK-based energy and engineering company, said it won an owner’s engineer contract from the Chile LNG terminal company GNL Quintero for services related to an expansion. 

Our Europe editor

The UK Isle of Grain LNG import terminal, located on the Medway River 45 miles southeast of London and owned by National Grid, has welcomed its first cargoes from both the South American nation of Peru and the Dominican Republic in the Caribbean. 

CEO Kocher is planning to focus on three divisions including natural gas

Our Europe editor

Engie, the French energy, utility and LNG trading and importing company, narrowed its net losses to 415 million euros ($437M) for 2016, though it took a massive hit of over $4 billion for impairments in the power market and one-off items as it restructured in the commodities downturn. 

Our North America editor in New York

The US export projects being developed by Washington DC-based Venture Global LNG on the banks of the Mississippi River in Louisiana has begun its permit application process with the Federal energy Regulatory Commission. 

The Texas LNG Brownsville project said it formally selected Samsung Engineering of South Korea and KBR Inc. of the US to provide a detailed engineering report and estimates before a final investment decision is taken and an engineering, procurement and construction contract signed. 

Our North America editor in New York

Kinder Morgan, the US pipeline company, has taken investment fund firm EIG Global Energy (EIG) as its partner in the US LNG export project at Elba Island in the state of Georgia. 

Chicago Bridge and Iron, the US energy and LNG engineering and construction company, said it was optimistic for substantial backlog growth from new projects in the US and the Middle East during 2017 after posting an operating loss in 2016. 

Dynagas LNG Partners, the US affiliate of the Greek shipping company with a fleet of just six LNG vessels carrying some US cargoes and future Russian shipments, reported an 11 percent rise in annual net income. 

Our North America editor

Kosmos Energy, the US company planning to produce liquefied natural gas with BP of the UK from floating hulls offshore Senegal and Mauritania in West Africa, said in its annual and fourth-quarter earnings that its highlight was drilling an exploration well with total discovered resource of 25 trillion cubic feet of feed-gas. 

Our Asia Pacific editor

LNG Ltd, the Australian developer of two North American LNG export projects, has substantially reduced its net losses as it remained on stand-by to start building two fully-approved liquefaction plants amid preliminary agreements to ship cargoes to the UK and India. 

Our Asia-Pacific editor

Woodside Energy, the Australian liquefied natural gas plant operator, has signed an agreement with the oil and gas unit of US equipment maker General Electric to work together to support the use of LNG as a fuel in Western Australia. 

Sevan Marine, the Norwegian engineering services company, said it signed a long-term framework agreement with US major ExxonMobil for the provision of services and use of Sevan’s floating LNG cylindrical hull technology. 

French energy company Total has received 45.9 million common shares in Tellurian Inc., the development company of former Cheniere Energy Chief Executive Charif Souki and his Driftwood LNG project in return for the $206.9M investment made in Tellurian by Total in January 2017. 

Our North America editor in New York

Cheniere Energy, the owner of the Sabine Pass liquefaction plant in Louisiana, the first export facility on the US Gulf Coast, posted a net loss of $610 million for 2016, though forecast rising income in 2017 from the coming on stream of the third processing Train. 

News Nudges

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.