Oil Search, the Australian-listed company with a stake in Papua New Guinea LNG and in feed-gas resources for a second project, said analysts were finalizing a resources review and indications are they have increased “significantly” from the initial certification seven years ago.
The American Bureau of Shipping, the US classification society, has issued its latest report on LNG maritime fueling standards in regard to the design, construction and surveying of bunkering systems on board vessels.
Chinese liquefied natural gas imports climbed by 77 percent in December 2016 compared with the same month the previous year to a record 3.73 million tonnes as cold weather and pollution led to more use of cleaner gas instead of coal.
JX Nippon Oil and Energy said it had begun commercial operations from a the new liquefaction processing Train 9 at the Bintulu LNG production plant in Sarawak, Malaysia, operated by state energy company Petronas.
Magnolia LNG, the export project being developed in Lake Charles in Louisiana, has signed a preliminary supply contract with a company planning to bring the first import terminal on line on the east Coast of India.
Tullett Prebon, one of the world’s leading interdealer energy and commodities brokers, has signed an agreement with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian liquefied natural gas cargoes to enhance price discovery and risk management.
Malaysia International Shipping Corp. is expanding and upgrading its liquefied natural gas carrier fleet, now numbering 26 ships, as state energy company Petronas extends its reach with overseas projects and a floating LNG plant in domestic waters.
Toshiba Corp. of Japan is seeking help with its liquefaction tolling agreement (LTA) signed with the Freeport LNG export project in Texas. The help is being sought from another Japanese company as Toshiba struggles through a financial crisis.
Caledonian Maritime Assets, the Scottish owner and operator of ferries and ports for shipping services on the West Coast of Scotland, has awarded a contract to Wallace Stone Consulting Engineers for design development work before the introduction of new liquefied natural gas-powered ferries in 2018.
US exports of liquefied natural gas from Sabine Pass LNG terminal reached a record level in December as 12 cargoes were delivered to overseas terminals as the facility also swung its shipments at the end of 2016 from South America to Asia to capture value and meet seasonal needs.