Höegh LNG returns to profits after deploying floating terminals to France, Germany and Australia
Höegh LNG Ltd, the owner and operator of 13 LNG vessels including floating storage and regasification (FSRU) units, returned to a third-quarter profit after suffering losses in the same three months of 2022 as the Norwegian operator deployed floating import terminals to France, Germany and Australia.
Construction starts on pipeline loop for Australia's first LNG regasification terminal at Port Kembla
Australian energy infrastructure company Jemena is starting work on the upgrade of the Port Kembla lateral pipeline for the nation’s first LNG regasification facility being deployed to strengthen the security of gas supply for the state of New South Wales and the East Coast gas market.
Höegh LNG confirms final charter deal signed with Australian Industrial Energy for terminal south of Sydney
Höegh LNG Holdings Ltd and Australian Industrial Energy have signed a final charter deal for the deployment of a floating storage and regasification unit at Port Kembla south of Sydney to help ease energy shortages in the state of New South Wales.
Australian Port Kembla project signs charter for Höegh LNG FSRU to be nation’s first regasification terminal
Australian Industrial Energy, a company controlled by billionaire businessman Andrew Forrest, has signed a long-term charter deal with Höegh LNG for a floating storage and regasification unit (FSRU) to operate at Port Kembla, south of Sydney
Höegh LNG says Indian FSRU start-up set for end of March and updates on Australia and Philippines
Höegh LNG, the Norwegian LNG fleet owner and floating terminal projects company, returned to profit in the fourth quarter as it prepared to deploy a floating storage and regasification unit (FSRU) as India’s latest import terminal in the West Coast port of Jaigarh in the state of Maharashtra.
Australia expected to have record LNG output and keep World No. 1 spot even with plants off stream
Australia is on track for record LNG shipments to remain the world’s largest exporting country, ahead of Qatar and the US, even in a year when two plants suffered long shutdowns and economies worldwide were slowed by the Covid-19 pandemic.
Venice Energy signs deal with Flinders Ports to develop South Australia floating LNG import facility
Venice Energy, the group planning a project to import LNG into South Australia, said it signed a project agreement with Flinders Ports that sets out the framework to support the development of the floating facility in Port Adelaide.
A concept design has been agreed by both companies that would guide the development of two new operating berths as well as associated onshore facilities at Outer Harbor, subject to development approval.
Venice Energy said its LNG import facility would enhance the supply of gas to South Australian domestic and industrial users.
Managing Director of Venice Energy, Kym Winter-Dewhirst, said the terminal would bring significant benefits to the state.
“Importing LNG into South Australia will improve and diversify local gas supplies, especially during peak periods and help to underpin South Australia’s globally leading renewables sector by providing firm despatchable energy at times when wind and solar are not operating,” explained Winter-Dewhirst.
“It will also increase the State’s energy security and enable downward pressure on gas prices for all users,” he added.
“Our proposed facility is expected to bring around 80 petajoules per annum (2.14 billion cubic metres) of natural gas into South Australia and with supplies forecast to tighten in just a few years’ time, importing LNG makes sense,” he stated.
The proposed facility would be located adjacent to the Pelican Point gas fired power station next to the already productive Flinders Ports quay line.
Subject to various approvals and other issues set out in the project agreement with Flinders Ports, the facility is expected to be operational by 2022.
At least two other Australian LNG import projects are progressing, including one by billionaire businessman Andrew Forrest's Squadron Energy in New South Wales at Port Kembla, south of Sydney.
A second Australian LNG import project is proposed at Crib Point at the Port of Hastings in the state of Victoria by AGL Energy.
Australia, while being the world's largest LNG exporter, is moving to LNG imports in southeast Australia because of natural gas shortages for industrial and domestic retail supplies.
Australian billionaire Forrest to develop LNG import terminal near Sydney without Japanese partners
Australian billionaire Andrew Forrest's Squadron Energy has bought Japanese investors out of the Australian Industrial Energy joint venture formed to develop an LNG import project in New South Wales at Port Kembla, south of Sydney, and will speed ahead on its own.
Australian companies in Victoria commission new plant for offshore natural gas in competition to LNG
Cooper Energy, the Australian oil and gas exploration company, is continuing the commissioning of the Orbost gas plant in the southeast state of Victoria from offshore supplies in the Sole gas field of the Gippsland Basin that may limit the needs for future LNG imports to the region.
Port Kembla LNG change
April 21 (LNGJ) - Australian Industrial Energy (AIE) said that the state of New South Wales had approved modifications to the capacity of the Port Kembla LNG and gas terminal project. “The modification to the original development consent will satisfy the market need for more gas during the cooler winter months,” said AIE.
“It allows an increase in throughput, as well as an increase in the number of LNG cargoes able to be received at each year, without modifying the design,” said AIE. The project is backed by the world’s largest LNG purchaser, JERA Co. Inc. of Japan, the Japanese trading house Marubeni Corp and Australian mining billionaire Andrew Forrest’s Squadron Energy.
