In this issue

 

Tightening in global LNG markets has allowed the second wave of US LNG ventures to gain momentum again. Since early 2018, a second wave of projects set to bring more…
Free ReadAnticipating a speedy energy transition globally, the global classification society DVN GV says upstream players are adapting to this trend by shifting to faster, leaner and cleaner hydrocarbon production techniques.…
Coal-to-gas switch policies in China’s energy sector are expected to boost the country’s LNG demand by a 12 million tons in 2018, exceeding last year’s record growth of 8 mt. Already…
AES Colón – a $1.15 billion LNG import terminal and adjacent combined-cycle power plant – is being fast-tracked in Panama. The project comprises the first LNG regas terminal in Central…
Free ReadThe International Energy Agency (IEA) has called on Saudi Arabia, Russia, Iraq, the UEA, Nigeria and Venezuela to step up efforts to diversify their economies to be able to cope…
Since the Trump administration threatened fresh sanctions against Iran, the oil-rich country has substantially scaled down its production and exports of crude oil and natural gas. In May 2018, the…
Unplanned downtime can cost an LNG facility as much as $4 million per day. With potential costs so high, profitability is largely linked with unplanned downtime. According to GE Power…
Free ReadDresser-Rand, part of Siemens Group, has commissioned an LNGo-HP (high-pressure) micro-scale natural gas liquefaction system for Altagas Ltd. in Dawson Creek, British Columbia, Canada. Producing approximately 30,000 gallons of LNG…
Sempra Energy, developer of the Cameron LNG export plant in Louisiana, has received its draft environmental impact statement from regulators for the proposed Port Arthur LNG project in Texas, comprising the…
Federal Energy Regulatory Commission (FERC) has approved Williams’ request to place its Atlantic Sunrise pipeline project into full service. Operations commenced in early October, increasing design capacity of the Transco…
Free ReadAs the US-China trade war escalates, Beijing says it has “no chance but to retaliate” new trade tariffs imposed by the Trump administration. Effective September 24, the Chinese President Xi…
Before the turn of 2018/19, Germany will decide where to locate its first LNG import terminal. The German economy and energy minister Altmaier announced this move as “a gesture to…
Exports of natural gas from the U.S. to Mexico by pipeline exceeded 5 billion cubic feet per day (Bcf/d) for the first time in July 2018, according to Genscape data,…
Free ReadTrinidad and Tobago is increasing sources of feed-gas for the Atlantic LNG plant at Point Fortin on Trinidad. To that end, the government of Trinidad and Tobago has signed an…

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.