LNG

Naturgy Energy, the power company with LNG operations from Puerto Rico to Europe and pipeline gas networks from Algeria to South America, reported a more than 20 percent rise in annual net profits.

Trinidad and Tobago said the Caribbean nation would be opening formal talks with Venezuela following a US go-ahead to jointly develop a natural gas field that could help boost and safeguard LNG production from Trinidad’s Point Fortin LNG export plant.

US company Sycar said it would soon supply another liquefied natural gas shipment to the South American nation of Ecuador following the first LNG ISO container delivery earlier in January 2022.

New Fortress Energy has announced a cash distribution by Golar LNG Partners, an indirect subsidiary of New Fortress, the New York-based LNG-for-power company.

New Fortress Energy, the US operator, developer and supplier of liquefied natural gas in the Americas, has moved closer to starting operations at its Pichilingue LNG facility near La Paz in Mexico’s Baja California Sur state on the Pacific Coast.

Chart Industries, the US LNG equipment maker, and two other US engineering companies received a notice to proceed from New York-based LNG-for-power firm New Fortress Energy for the engineering work for a mid-scale LNG offshore liquefaction project with 1.4 million tonnes per annum of capacity.

The Norwegian small-scale LNG business of Stolt-Nielsen and partners Höegh LNG and Golar LNG has taken delivery of another gas supply and bunkering vessel (LBV) from the Keppel Offshore and Marine shipyard in the Chinese port of Nantong.

The Nordic joint venture called Avenir LNG has named its second 7,500 cubic metres capacity dual-purpose LBV, the “Avenir Accolade”, and it is now available.

The company said the “Avenir Accolade” would enter a three-year bareboat charter to LNG Power Limited, a subsidiary of Hygo Energy Transition to support Hygo’s developments in northeast Brazil.

This is the Avenir joint venture’s first entry into the Latin American LNG market.

Stolt-Nielsen, whose headquarters are in London, started up the small-scale LNG sector firm Avenir in 2015 and its two main investors, Golar and Höegh, each have 22.5 percent of Avenir.

The company said that the “Avenir Accolade” would soon be delivering LNG to Hygo’s customers along the Brazilian coastline.

“Fitted with specialised LNG handling equipment, she will be capable of unloading LNG directly into trucks for onward distribution across Brazil,” said Avenir.

The Hygo company was formerly known as Golar Power and is being acquired by New York-Based New Fortress Energy.

In addition to the growing small-scale LNG fleet, Avenir has an 80 percent stake in a small-scale LNG import project on the Italian island of Sardinia and set to start up soon.

Peter Mackey, Chief Executive of Avenir, said the company strategy was progressing on schedule.

“This is a transformational year for Avenir LNG as we commission our onshore LNG terminal in Sardinia in the coming weeks and continue to expand our fleet with the addition of four more newbuild vessels by year-end,” Mackey explained.

Avenir’s largest bunkering vessel, the “Avenir Allegiance” with 20,000 cubic metres capacity, entered the water in January 2021 at the Zhoushan Changhong Sinopacific shipyard in China’s eastern Zheijang province.

That vessel is scheduled to be delivered from the yard in the third quarter of 2021 and will join the Avenir fleet as the world’s largest LNG bunkering vessel.

Avenir’s first newbuild delivery, the “Avenir Advantage”, took place in October 2020 and has now been followed by the “Avenir Accolade” with other newbuilds, including one named the “Avenir Allegiance”, lined up for delivery during 2021. 

New Fortress Energy, the New York-based developer of liquefied natural gas and power projects in Latin America and the Caribbean, has signed two long-term LNG agreements to acquire supplies to support its gas and power businesses in Puerto Rico, Mexico and Nicaragua.

The state-owned Philippine National Oil Company has signed an accord with US-based project company New Fortress Energy to jointly develop liquefied natural gas infrastructure in the Southeast Asian nation.

New Fortress Energy, the New York-based LNG developer in the Caribbean and Central America,  said it was progressing with construction of a Mexican liquefied natural gas import and regasification terminal in the port of Pichilingue on the Pacific Coast.