In this issue

 

US equipment maker completes venture in Germany as Nordic fuel firm set to expand LNG Journal editor Chart Industries, the US maker of equipment for the liquefied natural gas and…
LNG Journal editor Teekay LNG Partners, the US-listed tanker fleet owner and operator of about 50 LNG vessels, reported record net earnings after an eventful third quarter when it was…
Teekay Tankers, the oil and products shipping arm of Teekay Corp. and affiliate of Teekay LNG, said the company had made extensive preparations to meet the International Maritime Organization cap…
LNG Journal editor MISC Group, the Malaysian company with more than 30 liquefied natural gas carriers in its fleet and with engineering and offshore divisions, is hoping to build on…
Free ReadAbu Dhabi National Oil Co. (Adnoc) has signed two-year LNG supply agreements with BP of the UK and French major Total for the majority of its production through the first…
South Korea, the third-largest LNG importer, posted a 15 percent decline in liquefied natural gas shipments last month even at seasonally low prices, with Australia and Malaysia as the leading…
LNG Journal editor Woodside Petroleum, the liquefied natural gas plant operator in Western Australia, said it had decided to advance with the pipeline project, the Pluto-North West Shelf Interconnector, to…
Free ReadDelek Group of Israel, the company with stakes in the huge Leviathan field in the Eastern Mediterranean set to come on stream to supply Egypt and regional buyers and with…
LNG Journal editor Gazoduq and GNL Québec, two Canadian companies proposing to transport feed-gas from Western Canada and export it as LNG from a liquefaction plant at Saguenay in Quebec,…
LNG Journal editor US LNG and industrial gases company Air Products has posted an 18 percent jump in its fiscal full- year net income as it continues to build its…
Spot cargoes delivered to Japan in October 2019 cost $5.40 per MMBtu compared with $10.60 per MMBtu in October 2018, while the delivered price in September 2019 had been $4.90…
Free ReadNew Fortress Energy, the owner of LNG facilities in Florida and in Jamaica and projects in Puerto Rico and the US northeast, posted a third-quarter rise in revenues while its…
LNG Journal editor Inpex Corp., the Japanese oil and gas company with stakes in major LNG export plants and projects such as Ichthys and Prelude FLNG in Australia and Abadi…
Saudi Aramco, the world’s largest oil company aiming to issue shares in an initial public offering to be priced on December 5, plans to be a supplier and trader of…

News Nudges

JGC gives LNG updates

JGC Corp., the Japanese LNG engineering and construction company, has given updates on its most prominent contracts for LNG Canada with Fluor Corp. of the US and for Mozambique LNG, also with Fluor and TechnipFMC. “Engineering and procurement are proceeding on schedule and the fabrication of modules has commenced,” said JGC of the Canadian joint venture led by Royal Dutch Shell and located near Kitimat on the Pacific Coast of British Columbia. “Preparation of the construction site is proceeding according to plan,” added JGC.


Panama Canal slots to rise

The Panama Canal Authority said it would soon double the number of daily slots for liquefied natural gas carriers to four a day to accommodate the increased demand due to the expansion of LNG export plants on the US Gulf Coast. The number of LNG carriers that transited the Canal through the Authority’s fiscal year to the end of September 2019 numbered 399 ships, an increase of 37.6 percent compared with the 2018 number of 290 carriers. In fiscal 2017, a total of 163 LNG vessels transited the Canal and just 17 carriers were logged in 2016.


BHP names new CEO

BHP, the Australian commodities company with LNG interests in Western Australia, has named Mike Henry as Chief Executive to succeed Andrew Mackenzie, who will retire as CEO at the end of December 31. BHP has a global commodities market presence from its Australia resources and is also a shareholder in Australia’s oldest and newest LNG ventures, the North West Shelf plant and the Pluto LNG expansion.