LNG

Santos profits up

Santos, the Australian operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a shareholder in Papua New Guinea LNG, reported second-quarter and first-half sales revenue of US$1.87 billion and US$3.76Bln respectively. Revenue from LNG sales alone in the second quarter came to US$1.07Bln. Santos said its average realised LNG price in the quarter was US$14.66 per million British thermal units versus US$7.52 per MMBtu in the prior-year quarter.

Baker Hughes boosted

Baker Hughes posted second-quarter operating loss of $25 million compared with a profit of $194M in the prior-year period. However, the company led by Chairman and Chief Executive Lorenzo Simonelli recorded strong orders from its Turbomachinery and Process Solutions (TPS) division as the LNG order cycle continued to unfold. “TPS secured a major contract from Bechtel to provide seven mid-scale LNG trains to support the Stage 3 expansion project of Cheniere’s Corpus Christi Liquefaction facility,” said the company. “Also in LNG, TPS continued to support New Fortress Energy’s (NFE) ‘Fast LNG’ facilities project with a contract for two main refrigerant turbo-compressor strings in offshore.

Quintero LNG deal

Fluxys, the Belgian utility company and grid and Zeebrugge LNG terminal owner, has completed its acquisition with EIG Global Energy Partners of 80 percent of the shares in the Quintero LNG import terminal in Chile from Spanish grid and terminals operator Enagás and OMERS Infrastructure, the Toronto-based Canadian fund.