In this issue

 

A decline in engineering quality is jeopardizing timely proceedings and project management for new LNG ventures, Neeraj Nandurdikar, analyst at Independent Project Analysis (IPA) of Ashburn told the LNG18 conference.
Not only will Iran’s oil exports rise, once sanctions are untangled, the Islamic Republic is also gearing up to boost natural gas and liquids production. EIA analysts anticipate Iran’s non-crude…
Once sanctions are lifted, Iran aims to sell gas to Persian Gulf states, notably Oman, for export as LNG to global markets. The head of National Iranian Gas Export Co.…
LNG Ltd has received the Federal Energy Regulatory Commission (FERC) authorization to site, construct, and operate facilities to liquefy and export domestically produced natural gas from its Magnolia LNG terminal…
The US Department of Energy (DoE) has granted an authorization to Kansas-based Flint Hills Resources to export around 120,000 gallons per day of LNG over a 20-year period from an…
Supporters of a proposed $6 billion LNG export venture on the Columbia River have decided to call an end to the project, known as Oregon LNG. They told regulators they…
Frustration seems to have given way to open threats as Malaysia’s Petronas has set an ultimatum on March 31, piling pressure on the Canadian federal government to approve the contested…
The 130-acre site of the Dominion Cove Point LNG terminal in Lusby, Maryland, is undergoing a significant transformation. Built in 1978 as a regas terminal, the site is now integrating…
A 20-year gas sales agreement with the world’s largest gas buyer JERA, a joint venture of Chubu and Tokyo Electric, is likely to help remove a regulatory stumbling for the…
Jamaica’s leading energy company, JPS, has now several critical elements in place to proceed with a 190 MW power project in Old Harbour Bay, St Catherine. JPS chief executive Kelly…
Painting a bleak picture for US LNG exports over the next 5 years, Wood Mackenzie’s sensitivity analysis suggests that rising domestic gas prices in the US, gas vs coal competition…
A Canadian LNG export project, controlled by Indonesian billionaire Sukanto Tanoto and his Pacific Oil and Gas company, has taken the lead as the first venture in British Columbia is…
AES’ integrated LNG-to-power project at the entrance of the Panama Canal is set to come onstream in 2018. The French multinational Engie just signed a 10-year LNG supply accord with…
“Keep your eyes on the stars, and your feet on the ground,” said Teddy Roosevelt and US shale gas driller would be well advised to do just that. Headline-grabbing figures…

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.