The strategic role of natural gas and LNG was discussed at a recent forum in Washington DC as leading global analysts met to focus on the expansion at a once unimaginable speed and at a larger-than-expected scale of the shale-gas production revolution.
The United States is on the verge of becoming a major exporter of liquefied natural gas. Markets for these exports will include Europe, South America, and Asia.
Cheniere Energy has revealed plans to dominate the US LNG export market for years to come and is examining proposals to possibly double its number of production Trains at the Sabine Pass plant in Louisiana and at the Corpus Christi facility under construction in Texas.
Liquefied natural gas as a marine fuel offers substantial advantages over traditional marine petroleum fuels in emissions reduction, according to a new detailed report from the International Gas Union prepared for an energy working group set up by the Group of 20 largest economies.
The France-based International Group of Liquefied Natural Gas Importers (GIIGNL) said global LNG trade last year recorded a growth rate of around 7.5 percent, returning to a robust pace experienced before 2011.
Royal Dutch Shell moved to keep Northwest Europe at the forefront of the liquefied natural gas bunkering market by signing an agreement to fuel Russian-owned crude oil carriers from 2018.
May 23 (LNGJ) - A naming ceremony has been held for the 5,800 cubic metres capacity “Coralius”, an LNG bunkering and distribution vessel that will enter service in June for Nordic company Skangas. The vessel was commissioned by Dutch owners Anthony Veder and Sirius Shipping in 2015 and was built at the Royal Bodewes shipyard. “This new vessel will offer LNG bunkering services for Skangas, mainly operating in the North Sea, the Skagerak area and the Baltic Sea,” said Skangas, the charterer. “Bunkering LNG ship-to-ship increases the accessibility of this marine fuel for our customers,” said Kimmo Rahkamo, Chief Executive of Skangas.
May 23 (LNGJ) - The 145,700 cubic metres capacity “Al Jassasiya” is unloading a cargo on May 23 at the Barcelona import facility in northeast Spain from the Ras Laffan export terminal in Qatar, according to shipping data. The 75,000 cubic metres capacity “Cheikh Bouamama” will deliver a shipment from Sonatrach in Algeria on May 25 to the Huelva import terminal in southwest Spain.
May 22 (LNGJ) - The 140,000 cubic metres capacity LNG carrier “Arctic Discoverer”, operated by Japanese shipping firm K-Line, will deliver the first cargo of US LNG to the Netherlands on June 7, according to shipping data. The vessel lifted the cargo on May 21 and left the Cheniere Energy-owned Sabine Pass terminal in Louisiana to head across the Atlantic for the Rotterdam Gate import facility, owned by Gasunie and Royal Vopak. Previous European importers of US LNG from Sabine Pass include terminals in Italy, Portugal, Spain and Turkey.
May 22 (LNGJ) - Italian energy company Eni started production on an integrated oil and gas project offshore the West African state of Ghana, providing among other resources about 40 billion cubic metres of natural gas. “The project includes the development of gas fields whose production will be utilized entirely by Ghana’s domestic market,” said Eni. “The launch of the Offshore Cape Three Points (OCTP) project will provide gas to Ghana for over 15 years and the resulting electricity will give a real boost to the country’s development,” added Eni.
May 19 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Bu Samra” is scheduled to deliver a cargo on May 25 to the UK South Hook import terminal in Milford Haven in Wales, the port authority said. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was last at the equivalent of $5.20 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at around $4.95 per MMBtu.
May 19 (LNGJ) - CB&I, the US energy and LNG engineering company, said Philip K. Asherman would be retiring, aged 66, from his positions as President and Chief Executive from July 1 and would be replaced by Patrick K. Mullen. “CB&I's Supervisory Board is grateful for Phil's service and congratulates him on his nearly 12 years of leadership of what has become one of the premier energy infrastructure companies in the world,” said L. Richard Flury, Non-Executive Chairman of the CB&I Supervisory Board. New CEO Mullen, aged 52, was named Chief Operating Officer in 2016 after previously serving as Executive Vice President and President of CB&I's Engineering and Construction unit where he was responsible for worldwide operations.
May 18 (LNGJ) - National Grid, the UK utility and owner of the Grain LNG import terminal southeast of London, said its annual operating profit from UK Gas Transmission increased 5 percent to 511 million pounds ($662M) compared with 486M pounds in the previous fiscal year. “UK Gas Transmission delivered a solid performance,” the company said. “We continued to invest in asset health to meet Network Output Measures, which was reflected in strong levels of network availability. Capital investment is expected to rise, reflecting the increased compressor reengineering projects as well as the continued construction of our Feeder 9 project (under the Humber Estuary),” it added.
May 18 (LNGJ) - GTT, the French liquefied natural gas tank storage technology firm, said it received an order from Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea to equip two LNG carriers with its No. 96 GW containment system. The two vessels of 173,400 cubic metres capacity are scheduled for delivery in 2019 to a European-based shipping company. “We are proud of the close relationship we have had with DSME for over 30 years, which has led to this new order. With 103 vessels in service and 49 on order at present, DSME is indeed a faithful user of our No. 96 solutions,” said GTT Chairman and Chief Executive Philippe Berterottiere.
May 17 (LNGJ) - Woodside Petroleum, the major Australian LNG producer, has signed a seven-year contract with a company called Contract Resources to use its planned facility in Karratha, Western Australia, to process spent catalysts and hazardous waste by-products from LNG production and the oil and gas stream process. The Contract Resources secure storage, processing and purification plant will be the first of its kind in Australia and construction is expected to commence shortly. “Woodside is pleased to be the foundation client for Contract Resource’s new treatment plant, which will provide an innovative and environmentally sustainable solution for the LNG industry in Australia,” said Niall Myles, Senior Vice-President of Woodside’s operations unit.
May 17 (LNGJ) - The 155,000 cubic metres capacity vessel “GasLog Saratoga” is scheduled to deliver a shipment on May 20 to the French terminal at Montoir-de-Bretagne in Western France from Ras Laffan in Qatar, according to shipping data. The 155,000 cubic metres capacity vessel “GasLog Sydney” is scheduled to unload a cargo on June 1 at the Chinese Ningbo import terminal in Zheijang province, operated by China National Offshore Oil Corp., from the Queensland Curtis plant in Queensland, Australia, owned by Royal Dutch Shell.
May 17 (LNGJ) – Four LNG carriers are headed for Japan to deliver shipments before the end of May. The 147,600 cubic metres capacity “Energy Frontier” will deliver a cargo on May 18 to the Japanese Chita import facility at Nagoya port, operated by Toho Gas, from Woodside Petroleum’s Dampier export terminal in Western Australia, according to shipping data. Three Qatari cargoes are also being delivered. The 216,200 cubic metres capacity Q-Flex vessel “Al Gattara” is scheduled to unload a cargo on May 20 at the Sendai City terminal from Qatargas in Ras Laffan. The 210,100 cubic metres capacity carrier “Al Garriya” is delivering to Tokyo Bay on May 30 and the 137,000 cubic metres capacity ship “Al Hamla” will unload a shipment at the Himeji facility on the same date.
May 16 (LNGJ) - The 210,100 cubic metres capacity Q-Flex vessel “Duhail” will unload a shipment on May 24 at the Dutch Gate import terminal in Rotterdam from Qatargas at Ras Laffan, according to shipping data. The 7,500 cubic metres capacity small-scale vessel “Coral Methane” will deliver a break-bulk cargo on May 19 to the Swedish import terminal at Nynashamn from the Gate import facility in Rotterdam.
May 16 (LNGJ) – The 75,000 cubic metres capacity vessel “Cheikh El Mokrani” will deliver a shipment on May 19 to the Revithoussa import terminal in Greece from the Skikda liquefaction plant in Algeria, operated by Sonatrach, according to shipping data. The 138,088 cubic metres capacity carrier “Berge Arzew” will unload a shipment from Algeria on May 20 at the Turkish import terminal at Alianga, near Izmir.
May 16 (LNG) - Belgian LNG fleet owner Exmar, a specialist in floating storage and regasification units, is organizing a series of investor meetings in connection with the refinancing of its outstanding 1 billion Norwegian crowns ($117.5 million) of senior unsecured bonds maturing in July 2017. “A senior unsecured bond offering with up to a 3-year tenor may follow,” said Exmar. It has mandated several Nordic banks and brokerages to organize the meetings, including DNB Markets, Pareto Securities, Nordea Bank Norge and Skandinaviska Enskilda.
May 15 (LNGJ) - The Argentine state-run energy company, Yacimientos Petroleiferos Fiscales (YPF), said it expected a drop in natural gas output this year due to labour problems and flooding in Chubut province in Patagonia. “Clearly 2017 is not going to be a strong year in terms of hydrocarbons production,” said YPF. “We are targeting a 3 percent decline,” it added. The Argentine oil and gas producer is seeking partners to develop some of the world's largest shale reserves in the south of the country. Argentina’s LNG imports in 2016 amounted to 3.42 million tonnes, the second-largest in the region after Mexico with 4.10MT. Argentina believes it is still on track to cease LNG imports as substantial shale-gas supplies from its estimated 308 trillion cubic feet of recoverable resources begin to flow by 2022.
May 15 (LNGJ) - Italian import terminal company OLT Offshore LNG Toscana closed its tender for the storage capacity at the floating storage and regasification unit for June and July. The “FSRU Toscana”, moored 22 kilometres off the coast between the cities of Livorno and Pisa, is connected to the Italian transmission grid through a 36.5km pipeline from the shore to the mainland operated by Snam Rete Gas. It is the second auction following one concluded on March 6. “The tender received a very positive response: nine different companies presented an offer, and it was possible to allocate five slots, three in June and two in July, for a total quantity of LNG equivalent to about 700,000 cubic metres of gas which will be sent to the Snam Rete Gas Storage (Stogit) system,” it said.
May 12 (LNGJ) - Gas Natural Fenosa, the Barcelona-based Spanish utility with varied LNG and natural gas assets, posted first-quarter net profit of 298 million euros ($323M) in the first quarter, down 8.3 percent from the same period in 2016. Gross earnings fell 5.3 percent to 1.10 billion euros ($1.2Bln) in the same three months of last year. Natural gas distribution accounts for 35.6 percent of the consolidated total revenue and declined by 4.2 percent for the quarter year-on-year. Among its LNG activities, GNF said it had plans for a floating storage and regasification unit project and small-scale distribution. It also reached a bunkering agreement with Balearia, a leading Spanish shipping company in the Mediterranean, to supply LNG fuel for its ferries.
May 12 (LNGJ) - The Sempra Energy head of infrastructure businesses, Joseph Householder, said the US Cameron LNG export project in Louisiana remained on track after experiencing some weather-related construction delays. Householder said the California-based utility and energy company and its French and Japanese partners, Engie, Mitsui and Mitsubishi were committed to the current Cameron schedule for the first of three liquefaction Trains to be on stream by early 2018. “The commitment of each of our partners and customers to get the project finished and into operation is completely there,” Householder told a meeting of analysts. “We're all going to the site to view the progress next month and we're all engaged in getting this important project done.”
May 12 (LNGJ) - Clean Energy Fuels Corp., the LNG and gas fuel company and staion network owner on the US West Coast, said it appointed Frank Meyer as President of its subsidiary, Clean Energy Compression. Clean Energy, based in Newport Beach in California, said Meyer brought 24 years of leadership experience after serving in a variety of roles, including Chief Executive of Meridian Fuel Technologies. “He has an enormous amount of expertise and is highly respected within the manufacturing industry,” said Andrew J. Littlefair, President and CEO of Clean Energy. “I look forward to working with him as we continue to drive innovation and growth in the natural gas compression industry.”
May 11 (LNGJ) - BP of the UK said it had started natural gas production from the first two fields of the West Nile Delta development in Egypt. The West Nile Delta venture and the Zohr gas project in the East Mediterranean are expected to lessen current Egyptian dependence on LNG to meet domestic demand. The project was delivered eight months ahead of schedule and the first gas was delivered to Egypt’s national grid. “The commissioning of all nine wells of the development’s first two fields and ramp up to stable operations has now been completed,” said BP. When fully onstream in 2019, combined production from both West Nile projects is expected to reach around 1.5 billion cubic feet a day, equivalent to about 30 percent of Egypt’s current gas production.
May 10 (LNGJ) - Italian energy company Eni reported first-quarter net profits of 630 million euros ($686M) compared with a loss of 266M euros in the same three months of 2016. “The disposal of assets in Egypt and Mozambique, which are expected to close before the end of the year, will contribute to a further strengthening of the Group’s financial position,” the company said. During the quarter, Eni signed a deal to sell a 25 percent interest in its natural gas discoveries in Mozambique to ExxonMobil for around $2.8 billion in cash. It also completed the sale of a 10 percent interest in the Zohr natural gas field in Egypt to BP.
May 9 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Aamira” is scheduled to deliver a cargo on May 16 to the UK South Hook import terminal in Milford Haven in Wales, the port authority said. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was last at the equivalent of $5.20 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at around $4.52 per MMBtu.
May 9 (LNGJ) - The 160,400 cubic metres capacity vessel “Cubal” is unloading a cargo on May 10 at the Indian Dahej terminal near Mumbai from the Soyo export plant of Angola LNG in southwest Africa, according to shipping data. The 155,000 cubic metres capacity “British Diamond”, operated by BP Shipping, is scheduled to deliver a cargo on May 20 to the Map Ta Phut import terminal in Thailand from the Angola plant. The 174,100 cubic metres capacity “Cesi Gladstone” will unload a cargo on May 19 at the Chinese Qingdao terminal, operated by Sinopec in Shandong province from the Australia Pacific plant in Queensland.
May 9 (LNGJ) - Aker Solutions, the Norwegian subsea and offshore oil and gas service company, said the sector remained challenging, though there were signs of a re-launch in the industry. “Industry cost cuts are bringing down break-even costs on developments, which is expected to spur new investments and project sanctions this year,” said the company as gross earnings dropped 30 percent to 355 million Norwegian crowns ($41M) in the first quarter compared with 508M crowns a year earlier. “Increased demand for front-end engineering services is also an early indication of a pickup in activity ahead. Tendering activity is healthy and Aker Solutions is currently bidding for contracts totalling about 50 billion crowns,” it added.
May 8 (LNGJ) - Centrica, the UK utility with LNG supply contracts with Qatar and Cheniere Energy of the US, said warmer than normal weather in the year to date had resulted in lower than planned sales in its utility, natural gas and energy businesses in the UK and North America. Centrica, which also has import capacity at the Isle of Grain terminal in Kent, said it was still on track to achieve the 2017 targets set out in its February preliminary results of adjusted operating cash flow above 2 billion pounds ($2.6Bln). “We continue to make good progress in implementing our customer-facing strategy, building on the underlying momentum we had as we entered 2017,” said Iain Conn, Centrica Group Chief Executive.
May 8 (LNGJ) - AES Corp. of the US and French utility Engie have agreed to proceed with a joint venture to market LNG to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colon, Panama. The capacity of the Costa Norte facility is around 1.5 million tonnes per annum, of which one quarter will be required for the nearby AES gas-fired power plant. Engie will supply 400,000 tonnes of LNG for the power plant beginning in 2018. “The remaining terminal capacity is primarily available for the joint venture to market and sell to third parties, including up to 0.7 MTPA of LNG sourced from Engie, mainly through the Cameron gas liquefaction project in the United States,” said AES. Both companies are already jointly marketing LNG in the Caribbean from the AES Andres regasification facility in the Dominican Republic.
May 8 (LNGJ) - The 210,100 cubic metres capacity Q-Flex carrier “Al Ruwais” will unload a Qatargas cargo on May 9 at the Map Ta Phut import terminal in Thailand, according to shipping data. The 160,000 cubic metres capacity vessel “Arctic Aurora”, operated by Dynagas, will deliver a shipment from Qatar on May 11 to the Zeebrugge import terminal in Belgium. The 216,200 cubic metres capacity vessel “Al Gattara” will deliver a Qatari shipment to the Japanese import terminal at Sendai City terminal on May 19.
May 5 (LNGJ) - Clean Energy Fuels Corp., the LNG and natural gas fuel company based in Newport Beach in California, said it delivered 85.1 million gallons in the first quarter of 2017, a 9.8 percent increase from 77.5M gallons delivered in the first quarter of 2016. Clean Energy reported that revenue for the first three months of 2017 was $89.5 million, 6.6 percent down on $95.8M logged in the year-ago quarter. Andrew J. Littlefair, Clean Energy President and Chief Executive, stated: “Not only did we grow volumes and strengthen our balance sheet with additional debt reductions, but the deal with BP to buy our renewable natural gas production (made from waste) assets and put in place a long-term supply agreement, positions us very well to continue to grow.”
May 4 (LNGJ) - The 136,000 cubic metres capacity “Raahi” is enroute from Ras Laffan in Qatar to deliver a cargo on May 6 to the Indian Dahej terminal, operated by Petronet, according to shipping data. The 145,000 cubic metres capacity “LNG Enugu” is scheduled to deliver a Nigerian cargo on May 17 to the Indian Hazira terminal, operated by Shell India. The 145,000 cubic metres capacity “Al Deebel” will deliver a shipment from Qatar on May 11 to the Yung-An import terminal in Taiwan. The 216,200 cubic metres capacity vessel “Al Gattara” will unload a cargo on May 19 at the Japanese Sodeshi import terminal, operated by Shizuoka Gas.
May 3 (LNGJ) - The 171,800 cubic metres capacity “Stena Clear Sky” is lifting a cargo on May 3 from the Woodside Energy export terminal at Dampier in Western Australia to deliver to Osaka Gas in Japan, according to shipping data. The 152,300 cubic metres capacity vessel “Seri Bagawan”, operated by Malaysia International Shipping Corp., is lifting a cargo on May 3 from the Gladstone LNG plant in Queensland, eastern Australia, to deliver to Asia. The 216,200 cubic metres capacity Q-Flex vessel “Tembek” is unloading a Qatari shipment on May 3 at the Dalian import terminal, operated by PetroChina in the northern province of Liaoning.
May 2 (LNGJ) - French energy company Total has started production from the Badamyar natural gas project in the South-East Asian nation of Myanmar. It is located 220 kilometres offshore from the port of Yangon and will enable an extension of the Yadana gas field and its 8 billion cubic metres per year production plateau beyond 2020. “Completed on schedule and with costs 20 percent below budget, this second start-up by Total in 2017 demonstrates our capacity to effectively implement cost reduction programs,” said Arnaud Breuillac, President and Exploration and Production at Total. “This project underscores Total’s commitment to develop gas projects to provide Myanmar and Thailand with affordable, reliable and clean energy to support economic growth over the coming years,” added Breuillac.
May 2 (LNGJ) - The 155,000 cubic metres capacity vessel “Gaslog Shanghai” is unloading a cargo on May 2 at the French Channel port terminal of Dunkirk from the Peruvian export plant at Pampa Melchorita, according to shipping data. Another Gaslog vessel, the 174,000 cubic metres capacity “Gaslog Greece”,has lifted a cargo from the Shell Queensland Curtis plant in eastern Australia for delivery on May 12 to the Zheijang terminal in China.
May 2 (LNG) - The 266,000 cubic metres capacity Q-Max vessel “Umm Slal” is scheduled to deliver a cargo on May 9 to the UK South Hook import terminal in Milford Haven in Wales, the port authority said. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was last at the equivalent of $5.20 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at around $4.75 per MMBtu.
April 28 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Zarga” is scheduled to deliver a cargo on May 4 to the UK South Hook import terminal in Milford Haven in Wales, the port authority said. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was last at the equivalent of $5.25 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at around $4.70 per MMBtu.
April 27 (LNG) - Flex LNG said it was considering entering a transaction for the acquisition of two M-type, electronically-controlled, gas-injection (MEGI) LNG carriers currently under construction at Daewoo Shipbuilding and Marine Engineering in South Korea and scheduled for delivery in the second and third quarters of 2019. The Flex ships would be purchased from affiliates of its biggest shareholder Geveran Trading, indirectly controlled by trusts established by the Norwegian shipping tycoon John Fredriksen. Flex has already partially financed the deal for the two ships through a private placement of shares to raise around $125 million at 12 Norwegian crowns ($1.40) per share. The Nordic investment banks and broking companies Arctic Securities, DNB Markets, Fearnley Securities AS and Pareto Securities acted as joint lead managers in the placement.
April 27 (LNGJ) - Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the London-based Exchange’s vision of the near future during a speech at a shipping conference in Singapore. One of its plans was to enter the LNG and container indices markets. “The recent acquisition of the Baltic Exchange by the Singapore Exchange has reinvigorated this key international maritime institution, allowing us to grow our leadership profile and play a bigger role than ever before in setting standards, building consensus and leading change in the shipping markets,” said Jackson. “These are bold plans and will ensure that the Baltic Exchange remains at the heart of the bulk shipping industry for the long-term. In 2017 we will be providing more freight market benchmarks and move into the LNG and container spaces,” added the CEO.
April 26 (LNGJ) – The 216,200 cubic metres capacity Q-Flex carrier “Tembek” is scheduled to unload a shipment from Qatar on May 1 at the Shenzhen Diefu import terminal in Guangdong province, operated by China National Offshore Oil Corp., according to shipping data. The 153,500 cubic metres capacity vessel “Gaselys” is due to deliver a re-exported cargo from France on May 9 to the Shanghai import facility in China. The 147,000 cubic metres capacity “Dapeng Moon” is lifting a cargo on April 26 to ship to an import facility in Guangdong province from the Woodside Energy export terminal at Dampier in Western Australia. The Hong Kong-flagged sister ship “Dapeng Sun” is due at Dampier on April 29 to lift a second cargo for Guangdong.
April 26 (LNGJ) – The 136,000 cubic metres capacity ship “Raahi” is due to unload a cargo from Qatargas on April 27 at the Indian Dahej terminal near Mumbai, operated by Petronet, according to shipping data. The 145,700 cubic metres capacity “LNG Benue” will deliver a cargo on April 28 to the Montoir-de-Bretagne import terminal in Western France from the Bonny Island export plant in Nigeria. The 138,100 cubic metres capacity vessel “Gemmata”, operated by Shell Shipping, is scheduled to lift a cargo on April 28 from the Cheniere Energy export plant at Sabine Pass in the US state of Louisiana. The 148,300 cubic metres capacity “LNG Ondo” will unload a Nigerian cargo on May 1 at the Sagunto import terminal in eastern Spain. The 148,470 cubic metres capacity vessel “LNG Kano” is due to deliver a shipment on May 7 to the Kuwaiti import facility at Mina Al-Ahmadi from the Nigeria LNG plant.
April 25 (LNGJ) - Qatar Gas Transport Co., the national LNG carrier operator also known as Nakilat, posted a first-quarter drop in net profits to 191 million Qatari riyals ($52.5M) compared with 240M riyals in the same quarter of 2016. The shipping line cited a one-off item related to lowering the estimated scrap value of vessels and reduced operations from joint ventures for the fall in earnings. Nakilat is also in the midst of a transition of its LNG fleet operations involving more than 20 vessels previously operated by Shell. Nakilat Managing Director Abdullah Fadhalah Al Sulaiti referred to the transition, saying: “Despite the current economic downturn and market volatility, Nakilat has been continuously improving its operational activities. This is demonstrated by the successful transition of two vessels in the first quarter, bringing the total operated by Nakilat to 14 vessels.
April 24 (LNGJ) - The 138,100 cubic metres capacity ship “Berge Arzew” will deliver a cargo on April 27 from Sonatrach of Algeria to the Turkish Aliaga import terminal near the port of Izmir, according to shipping data. The 217,000 cubic metres capacity Q-Flex carrier “Al Huwaila” will deliver a Qatari cargo on April 28 to the Chinese Dalian import terminal, operated by PetroChina in the northeast Liaoning province bordering North Korea. The 217,000 cubic metres capacity vessel “Al Kharsaah” will unload a shipment from Qatargas on April 29 at the Indian Dahej terminal, operated by Petronet. The 147,200 cubic metres capacity carrier “Arctic Princess” will unload a shipment on May 1 at the Lithuanian import facility at the Baltic port of Klaipeda from the Hammerfest export plant in northern Norway, operated by Statoil. The 145,000 cubic metres capacity vessel “Al Deebel” will unload a cargo from Qatar on May 11 at the Tai-Chung import terminal in Taiwan.
April 21 (LNGJ) - 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. “Gas Natural Fenosa is in an excellent position to capture international growth thanks to its diversified presence, which offers greater exposure to opportunities in the gas wholesale business and new emerging markets,” said the CEO.
April 20 (LNGJ) - 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. Vitol, whose headquarters are in Geneva, has been active in the LNG sector since 2005 and last year supplied 3 million tonnes of LNG to customers.
April 20 (LNGJ) - The 261,700 cubic metres capacity Q-Max vessel “Al Samriya” is scheduled to unload a cargo on April 26 at the UK South Hook import terminal in Milford Haven in Wales, the port authority said. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was last at the equivalent of $5.00 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at around $4.75 per MMBtu.
April 19 (LNGJ) - The 147,200 cubic metres capacity “Arctic Lady” will deliver a shipment on April 25 to the French Fos import terminal near Marseilles from the Hammerfest liquefaction plant in northern Norway operated by Statoil, according to shipping data. The 145,700 cubic metres capacity “LNG Benue” will unload a Nigerian cargo on April 27 at the Montoir-de-Bretagne import terminal on the Loire estuary of Western France. The 145,000 “Celestine River” will deliver a Qatargas cargo on April 28 to the Argentine Bahia Blanca floating import facility, the FSRU “Exemplar”, located about 500 miles south of the capital Buenos Aires.
April 18 (LNGJ) - 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, located near the intersection of I-45 and the Grand Parkway in Houston, is scheduled for the end of 2018. “This is an important milestone in our 155-year-young history and reaffirms our commitment to Houston,” said ABS Chairman, President and Chief Executive Christopher J. Wiernicki. “Working with our project partners, we have designed this building to create a collaborative environment that will facilitate communication and promote innovation in direct support of our safety-focused mission,” added Wiernicki.
April 13 (LNGJ) - The 147,200 cubic metres capacity vessel “Arctic Princess” is scheduled to unload a cargo on April 13 at the Lithuania import facility at the Baltic port of Klaipeda from the Atlantic LNG plant at Point Fortin in Trinidad, according to shipping data. The 75,000 cubic metres capacity “Cheikh Bouamama” will deliver a shipment on April 14 to the Huelva import terminal in southwest Spain from the Skikda plant in Algeria, operated by Sonatrach. The 216,200 cubic metres capacity Q-Flex vessel “Al Sahla” is scheduled to unload a shipment from Qatar on April 15 at the Indian import terminal at Dahej, located near Mumbai and owned by Petronet. The 172,000 cubic metres capacity “Beidou Star” will deliver a shipment on April 21 to the Chinese Dalian import terminal, owned by PetroChina, from the Chevron-operated Gorgon plant on Barrow Island in Western Australia. The 174,100 cubic metres capacity vessel “Cesi Gladstone” will unload a shipment on April 23 at the Chinese Qingdao import terminal, owned by Sinopec, from the Australia Pacific plant in Queensland.
April 12 (LNGJ) - Finnish maritime propulsion and LNG systems maker Wartsila said it was contracted to supply a package of engines and machinery for a new Cutter Suction Dredger (CSD) vessel. When delivered, the “Spartacus”', which is being built on behalf of Belgium based Dredging International, will be the world's most powerful CSD and the first ever to be fuelled by liquefied natural gas. It is being built at the Royal IHC yard in the Netherlands. Wartsila said its order was worth 20 million euros ($21.2M) to the company. “Wartsila has worked in close cooperation with the owners starting from the early stages of this large project,” said Arthur Boogaard, General Manager for Special Vessels at the Finnish firm. “This has enabled a well engineered and fully integrated propulsion arrangement and an LNG fuel system that is optimized for the needs of the vessel,” he added.
April 11 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Shagra” is scheduled to unload a cargo on April 18 at the UK South Hook import terminal in Milford Haven in Wales, the port authority said. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was last at the equivalent of $4.75 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at around $4.55 per MMBtu.
April 11 (LNGJ) – US LNG and energy engineer KBR said it had settled a decade-long dispute over an almost $500 million judgment pertaining to a contract carried out for Petroleos Mexicanos (Pemex), Mexico's national oil and gas company. The dispute had involved two offshore natural gas treatment, processing and reinjection platforms which a KBR subsidiary built for Pemex. The platforms have been in use in the Gulf of Mexico since 2004 but KBR was never fully paid despite court decisions in its favour. “We are pleased by the positive resolution to this matter and glad to put this long-running issue behind us,” said Stuart Bradie , President and Chief Executive. “KBR has had an ongoing business relationship with Pemex over many years and this settlement paves the way to broaden our productive association,” added Bradie.
April 11 (LNGJ) – The 140,000 cubic metres capacity carrier “Arctic Voyager” is scheduled to deliver a cargo on April 14 to the Dutch Gate LNG import terminal in Rotterdam from the Hammerfest plant in Norway, operated by Statoil. The 215,000 cubic metres capacity vessel “Al Utouriya” is scheduled to unload a shipment on April 22 at the Mugardos import terminal at the port of El Ferrol in northwest Spain.