LNG

JGC Corp., the leading Japanese LNG engineering and construction company, said it had formed a US strategic partnership with a Texas-based, privately-held US company to offer joint engineering, procurement and construction services for projects.

A US bankruptcy court has confirmed a reorganization plan for the Emas Chiyoda Subsea venture partly owned by Japanese engineering and construction company Chiyoda, the main competitor to Bechtel of the US in building LNG liquefaction and export plants.

March 14 (LNGJ) - Chiyoda Corp. of Japan, one of the world’s leading LNG engineering and construction companies, has overhauled its senior management after the losses and poor performance prompted by its Emas Chiyoda subsea business acquisition. Senior Executive Vice President Masaji Santo has been named as President and Chief Executive and Katsuo Nagasaka, who is currently a director and Senior Vice President, has been named executive Chairman. Senior Vice President Hirotsugu Hayashi has been appointed as the new Chief Financial Officer. Chiyoda, based in Yokohama, said nominees would be subject to final confirmation in their posts at the annual general meeting of shareholders at the end of June.

Chiyoda Corp. of Japan, one of the world’s leading LNG engineering and construction companies, posted a 39.85 billion yen net loss ($355M) in the fiscal third-quarter because of woes in the subsea market and the “prolonged tumble in oil prices” delaying projects.

Chiyoda Corp. of Japan, one of the leading global liquefied natural gas engineering and construction companies, has taken a $335 million hit on the setting up of its first subsea business in 2016.

JGC Corp., the Japanese LNG engineering company that helped build the processing Trains in Qatar and is working on projects around the world including the US, is overhauling its strategy to better compete with its peers and part of the plan is to set up a European base.

May 6 (LNGJ) - The 217,000 cubic metre capacity Qatari Q-Flex LNG carrier “Al Kharsaah” delivered a cargo on May 6 to Pakistan at its import facility in Port Qasim, near Karachi, according to shipping data. The 137,000 cubic metres capacity “Pacific Notus” arrived at the Japanese port of Yokohama with a cargo for Tokyo Gas. The 145,000 cubic metres capacity “Pacific Enlighten” docked at the Withnell Bay LNG jetty at the Western Australian port of Dampier to lift a cargo for Japan from the North West Shelf plant, operated by Woodside.