LNG

Golar LNG, the shipping company with a midstream investment strategy, reported increased operating income of $23.9 million for the third quarter because of improved spot vessel earnings, but still posted a net loss for the three months of $5.9M because of interest rate swaps.

Linklaters, the international law firm, said it advised Spain’s Repsol and Canadian company Irving Oil in the just completed US$1.1 billion financing round for the planned Canaport LNG project on the East Coast of Canada.

Halliburton, the largest energy services company in the US and a key LNG contractor, will release details in the next couple of weeks about the future of its KBR business.

The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.

Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.

Saifullah Jamudin and Suhaimi Manaf, Malaysia LNG Tiga

This article shares the process control knowledge from the 2003 start-up of Malaysia LNG Tiga and the operational experience of the condensate stabilizer and demethanizer columns

The LNG complex at Bintulu on the island of Borneo in the Malaysian state of Sarawak comprises three LNG plants operated by national oil and gas company Petronas, through its Malaysia LNG arm.

BG Group of the UK, one of the world’s most active LNG players, is likely to boost deliveries to the US during 2006 as the biggest European capacity holder in regasification terminals there, and as it secures more off-take this year from Trinidad and Egypt.

The UK company cheered investors when it issued a very upbeat earnings statement earlier this month, with fourth-quarter profit more than doubling to a higher-than-forecast £504 million ($878M) and LNG operating profit trebling for the quarter and rising by 87 percent for the full year.

Brian Eisentrout, Steve Wintercorn and Barbara Weber

CB&I of the US has been involved in the design and construction of terminal facilities for LNG for more than two decades. Here their experts consider import plant options


Throughout the world about 20 new liquefied natural gas import facilities are currently being built, while many more projects are in the planning stages in the US, Europe and Asia.

Not only is the number of import terminals growing, but also the size of the planned regasification facilities to meet the increasing need for natural gas.