In this issue

 

Alaska and Delfin LNG benefit from Trump’s China visit by signing deals

Our Asia-Pacific editor

US liquefied natural gas project developers benefited from going on the trade mission to China with President Donald Trump. The the Alaska LNG venture and the Delfin floating liquefaction project in Louisiana came back with agreements. 

Our Europe editor

French energy company Total has agreed to acquire the liquefied natural gas assets of one of the nation’s biggest utilities Engie for up to $2.04 billion, including a stake in the US Cameron LNG project in Louisiana and taking its annual portfolio to around 40 million tonnes per annum. 

Gaztransport and Technigas (GTT), the French maritime storage tanks technology company, has been chosen by China’s Hudong-Zhonghua Shipbuilding to design cryogenic fuel tanks for nine LNG-fuelled container ships. 

Australian energy and LNG company Santos has outlined how its new strategy of concentrating on core natural gas activities will lead the company to larger profits, led by its Asia-Pacific liquefaction plant assets. 

Inpex Corp. of Japan, developer with France’s Total of the Ichthys LNG export plant in the Northern Territory of Australia, said it would pursue exploration as operator and sole licence holder of an offshore block that may help with expansion plans for the liquefaction plant near Darwin. 

The Australian government-led feasibility study has now started to examine the potential of a West-East natural gas pipeline to supply eastern and southern markets with Western Australia’s abundant supplies as an alternative to domestic LNG shipments. 

Our Europe editor

Indian Oil Corp., the refining and fuel marketing company, has held a bond sale to help finance the Ennore LNG import project being developed near the port of Chennai and set to be one of the first ragasification facilities to come on line on the East Coast of India. 

Atlantic Gulf and Pacific Co., the Philippines-based maker of modules for liquefied natural gas and other energy projects, has signed an agreement with Karaikal Port on the southeast coast if India to develop an LNG import terminal. 

Our Europe editor

CNH Industrial and its affiliate Fiat Chrysler Automobiles have presented their LNG-powered, long-haul truck to senior executives from 30 leading European road haulage and trucking companies at an event in the German city of Ulm. 

Our Asia-Pacific editor

Chinese shipbuilding company Wison Offshore & Marine said it signed an accord with US energy and LNG engineering company KBR to cooperate on an LNG project for a state-run company in Papua New Guinea involving the construction of a floating liquefaction hull. 

Clean Energy Fuels Corp., the California-based LNG and gas provider for the vehicle market, is closing more than 40 of its almost 600 fuelling stations and is seeking a partner to supply compression equipment to the network. 

Kosmos Energy, the developer with BP of floating liquefied natural gas projects offshore Senegal and Mauritania, posted a third-quarter net loss as it progressed with the LNG ventures, ramped up production in Ghana and acquired exploration rights in the waters of Equatorial Guinea. 

Our North America editor in New York

US President Donald Trump nominated Linda A. Capuano, an academic and technology expert who previously served as an executive of Marathon Oil, operator of the Equatorial Guinea LNG plant in West Africa, as the next head of the US Energy Information Administration. 

Canadian company Pembina Pipeline Corp. reported a 10 percent rise in profits as it forecast a bright future in developing more natural gas infrastructure and the Jordan Cove LNG project in the US state of Oregon. 

News Nudges

Teekay move on small ships

Teekay LNG Partners, the US-listed affiliate of Teekay LNG, has established a division called the “Teekay Multigas Pool” for in-house commercial management of small-scale liquefied natural gas carriers and ethylene-capable liquefied petroleum gas (LPG) vessels. “The pool fleet is expected to reach at least 12 vessels by the end of 2017, including third-party partner vessels,” said Teekay. The company said the seven directly-owned ethylene-capable LPG carriers have been part of the Norgas fleet operated by I.M. Skaugen and the transition of these vessels into the Teekay Multigas Pool will start immediately.


Spanish LNG imports

Spanish net liquefied natural gas imports rose to 22 cargoes in October, led by Nigerian shipments as domestic demand increased for industrial users and for gas-fired power generation. The Barcelona regasification facility in the northeast of Spain received eight out of the total of 22 shipments imported. The Huelva terminal in the southwest of the country was the second busiest in October and handled six cargoes.


Statoil fined by CFTC

Norwegian energy company Statoil, operator of Europe’s only baseload LNG plant, was fined $4 million by the US Commodity Futures Trading Commission for attempting to manipulate an Asian-priced gas market in 2011. Statoil was found by the Commission to have tried to influence the price of propane gas between October and November 2011 to benefit its positions after it suffered losses in its gasliquids unit.