In this issue

 

Tellurian Inc., the developer of the Driftwood LNG project, has set aside a pool of around $280 million for executive bonuses, including up to $35 million for CEO Meg Gentle…
Chart Industries, the US LNG and energy equipment maker, has returned to a first-quarter profit following internal restructuring and amid a rise in its order-book. Order activity has risen 53%,…
Lake Charles LNG, the liquefaction project owned by the U.S. pipeline company Energy Transfer, has asked regulators to extend the deadline for the start of construction to November 2019. 
Australian commodities company BHP Billiton is continuing to exit its onshore assets in the southwest of the United States, and is awaiting bids. “We expect to receive bids by June…
Dominion Energy, owner of the Cove Point LNG facility in Maryland, is pulling out all the stops to acquire Scana Corp and its South Carolina natural gas and power assets.…
Gauging incremental gas demand, derived from new gas-fired power plant projects worldwide, Energy Aspects pointed out that most of Asia’s new capacity is “supportive of additional LNG demand,” while North…
CLP Power, developer of a new unit at Black Point Power Station (2,500 MW) in Hong Kong, has selected Shell to supply LNG to fuel the mega plant. The new…
Saudi Arabia, the world’s largest oil producer, is about to join Kuwait and the UEA in buying attractively-priced LNG. Khalid Al-Falih, the Saudi energy minister, did not rule out buying…
Tellurian Inc, developer of the Driftwood LNG project, has confirmed Bechtel Oil, Gas and Chemicals had made a $50 million investment in the company. The investment was made on the…
Record results in shale oil and gas output in Appalachia and the Permian basin have been helped by President Donald Trump’s latest changes to the US corporate tax law. Several…
In 2018, three cargoes - each providing around 0.1 billion cm of liquefied gas - have come directly to British regas facilities from Yamal LNG in Russia. But as the…
The Panama Canal Authority said it expected LNG carrier traffic to increase by around 50% by the fourth quarter of 2018 as more US cargo export capacity comes on stream.
Open Season bidding for the second capacity extension on TransCanada’s Nova Gas Transmission Ltd. (NGTL) system has oversubscribed, with contracts awarded for an average term of 22 years. The NGTL…
Tellurian Inc., developer of the Driftwood LNG export project in Louisiana, has launched an open season to secure shippers for a proposed Permian Global Access Pipeline (PGAP), connecting the Permian…

News Nudges

YPF issues $500m bond

Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF) has isused a $500 million of 10-year, dollar-denominated notes to yield 8.75%. The sale on June 24 – the first such issuance in more than a year - was managed by the US Citigroup, the UK’s HSBC Holdings and Itau Unibanco Holdings SA of Brazil. Bankers said that proceeds from the sale would go towards working capital and refinancing YPF’s existing debt.


Pieridae Energy shares suspended at TSX

Pieridae Energy, developer of the Goldboro LNG project in the Canadian province Nova Scotia, has had its shares suspended on the Toronto Stock Exchange pending a market-relevant announcement. Trading in Pieridae’s shares were halted on the TSX Venture exchange June 25 at the request of the company’s CEO Alfred Sorensen, pending a possible material announcement in the next couple of days, said to be a natural gas resources acquisition.


US Delfin project delay

Delfin LNG has asked regulators for an extension of three year and six months to construct the plant and related facilities in Cameron Parish in Louisiana. The onshore facilities will transport natural gas to Delfin LNG’s proposed deepwater port in federal waters offshore Louisiana. Delfin told the Federal Energy Regulatory Commission (FERC) that due to the “detailed nature of the engineering design of the offshore facilities and the “the complexity of developing the necessary commercial arrangements”, progress on the project has been slower than originally anticipated. Delfin now proposes to place the export project on stream no later than the end of March 2023.