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Facility west of Bergen handles 40 percent of gas supplies bound for Western Europe.
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Abu Dhabi, the wealthiest emirate in the United Arab Emirates, has taken a more than 5 percent stake in Cheniere Energy, the largest US exporter of liquefied natural gas from its Sabine Pass and Corpus Christi LNG export plants in Louisiana and Texas.
Glenfarne Group, the owner of the Magnolia LNG export project in Louisiana, has made a request to the Federal Energy Regulatory Commission for five more years to complete the plant and associated facilities.
The regulators had previously approved construction of Magnolia LNG and related pipeline expansions in April 2016 under its previous owner, the Australian-listed company LNG Ltd that ceased trading amid financial difficulties.
That approval had required LNG Ltd to complete the project within five years, by April 2021.
The Magnolia plant is proposed for a 115-acre site near the Calcasieu Ship Channel. It is designed to produce 8.8 million tonnes per annum of LNG from four Trains.
“Unforeseeable developments in the global LNG market have affected Magnolia LNG’s ability to enter into long-term LNG offtake contracts,” privately-held Glenfarne told the FERC in requesting the extension.
“Magnolia and pipeline provider Kinder Morgan request a five-year extension of their authorizations, up to and including April 15, 2026, to place the Magnolia LNG Project facilities and Lake Charles Expansion Project facilities, respectively, into service,” Glenfarne added in its Magnolia project filing.
A final investment decision had not yet been taken on Magnolia as it sought to finalize a purchase agreement with a Vietnamese power and import venture in the Mekong Delta. That accord has now lapsed.
Glenfarne also acquired LNG Ltd.’s patented optimized single mixed refrigerant (OSMR) liquefaction technology from the Australian administrators.
Its purchase of Magnolia boosts the amount of US LNG export capacity Glenfarne has under development to 12 MTPA as it also owns Texas LNG Brownsville.
The Texas project received authorization from the FERC in November 2019 for the facility to be sited along the Brownsville Ship Channel.
Texas LNG seeks to supply Permian feed-gas as LNG to global customers along with two other rival projects being developed alongside.
These are the Rio Grande LNG project with five liquefaction Trains and over 26 MTPA of output and the smaller scale Annova LNG venture.
Rio Grande is own by NextDecade Corp. and one of the main shareholders in Annova is Exelon Corp, the utility headquartered in Chicago.
All three Brownsville projects have pushed back their investment decisions and original construction and engineering timetables.
Glenfarne’s Texas LNG leadership still includes the project's co-founders, Chief Executive Vivek Chandra and Chief Operating Officer Langtry Meyer.
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Japanese liquefied natural gas imports dropped for a second month with year-on-year declines in Australian and US shipments while cargo volumes from Asia, the Middle East and Russia all rose.
Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico with plans for LNG production and whose assets include stakes in four major Mexican natural gas pipelines, has successfully completed an international offering to raise
The Korean Register, the South Korean maritime classification society, said it had established a new LNG Fuel and Bunkering Simulation Center to help the nation acquire more expertise in the shipping sector.
The new facility is located at KR’s headquarters in the Korean port of Busan and officially opened on the 15th of September.
After the opening ceremony, a memorandum of understanding was signed between KR and South Korean company Transgas Solutions (TGS) whose Chief Executive is Lee Jae-ik.
KR will collaborate with TGS to develop practical education and training programs for shipping companies, shipyards and equipment companies.
The Operator Training Simulator (OTS) system will be used to train operators of LNG-propelled ships and LNG ship-to-ship bunkering vessels.
“The KR Center has been established to facilitate industrial growth across the LNG propulsion and bunkering sector based on KR’s long-standing high level expertise with LNG technology,” said the class society.
“The use of LNG as a ship fuel and demand for bunkering is expected to increase as a result of the International Maritime Organization's regulations to reduce sulfur-oxide, which came into effect at the beginning of 2020, and with the strengthening of greenhouse-gas emission regulations in the future,” it added.
KR was founded in 1960 and currently classes an international fleet of more than 3,000 vessels.
The society said the Center would provide comprehensive technical services relating to LNG operations, including not only the customized trial and optimal operations for LNG fuel supply and bunkering systems but also detailed risk analysis for ships propelled by all eco-friendly fuels such as LNG, hydrogen and ammonia.
“KR is already renowned for providing world's best technical services for structural strength assessment, temperature distribution analysis, and thermal stress analysis of LNG carriers,” explained Ha Tae-beom, Executive Vice President of KR’s Research and Development Division, at the signing ceremony.
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Sovcomflot, the Russian shipping line with 31 gas carriers in operation or on order in an overall fleet of almost 150 vessels, has taken delivery of its latest LNG carrier “SCF Barents”, chartered to Royal Dutch Shell and named after the 16th-century Dutch Arctic explorer Willem Barents.
The Russian government has reduced its target for energy cargo transportation to China and Asian nations by the Northern Sea Route with only shipments of LNG close to meeting projected volumes and cargoes of coal and oil falling short.