In this issue

 

The Costa Azul project is example of early-stage involvement by the firm to qualify for EPC work
Free ReadLNG News Editor:  Teekay LNG Partners, whose gas group units own, charter or have stakes in 77 vessels, including 47 liquefied natural gas carriers and 30 liquefied petroleum gas or…
Flex LNG, the growing Norwegian-listed fleet owner with 13 modern carriers, 10 now on the water and three other newbuilds, swung back to profits in the third quarter as four…
LNG News Editor:  Hoegh LNG, the Norwegian LNG carrier fleet operator and floating import terminal project developer, reported stable third-quarter profits as one of its vessels resumed a floating import…
Free ReadThe Papua New Guinea LNG expansion proposal to more than double current output could proceed with the single Papua Gas Agreement signed with the Government and consist of two new…
Japanese liquefied natural gas imports fell again last month after a brief rebound the previous month as Asian and US deliveries dropped, offset by more cargoes from nations like Qatar…
LNG News Editor:  China National Offshore Oil Corp., the holder of the nation’s largest capacity for LNG imports, plans to increase storage at its Binhai import terminal under construction in…
Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making slower than expected progress on its Philippines LNG import terminal in Quezon Province because of…
Free ReadLNG News Editor:  The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants, while…
LNG News Editor:  Gasum, the Finnish state-owned LNG distribution company and regasification and liquefaction infrastructure owner in the Nordic region, has extended bunkering activities to include the Antwerp, Amsterdam and…
The American Bureau of Shipping, the US classification society, said the first of an order of 12 very large ethane carriers (VLECs) with LNG notation and built to ABS Class…
Free ReadAvenir LNG Ltd, a company owned by Norwegian shipping and infrastructure companies, has delivered its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV), the “Avenir Advantage”, to the…
LNG News Editor:  The Trans-Adriatic Pipeline (TAP), an 878-kilometres transportation system bringing Caspian natural gas from Azerbaijan to Greece, Albania, via the Adriatic Sea and Italy and whose main shareholders…
Origin Energy, the utility shareholder in Australia-Pacific LNG in Queensland, and a company of billionaire Andrew Forrest developing the Port Kembla floating LNG terminal south of Sydney, have revealed separate…

News Nudges

Brownsville contract

NextDecade Corp., developer of the Rio Grande LNG export project in Texas, said that after a competitive bid and contracting process it had selected Great Lakes Dredge and Dock Corp. to perform improvements near its planned facility on the Brownsville Ship Channel. “These improvements, which include deepening the Channel, will enhance commercial navigation into and out of the Port of Brownsville, ensuring the safe and reliable access of LNG carriers to NextDecade’s Rio Grande LNG facility and optimizing the ability of shallower draft traffic to pass LNG carriers in either direction in accordance with US Coast Guard guidelines,” the company explained.


Saudi Aramco bond sale

The Saudi Arabian Oil Company, the world’s biggest oil industry operator with future LNG and natural gas plans, is planning to offer around $6 billion of bonds following a $12Bln bond sale in April 2019 that sparked buying orders of over $100Bln, mostly from US fund managers and making it the most over-subscribed bond sale in history.


Charter rates flat

Shipping charter rates for LNG carriers in the spot market were unchanged in the past week as the Northern Hemisphere winter market demand continued to be firm. Rates were quoted at an average of between $109,000 per day and $115,000 per day West of Suez. The same levels of spot rates were also heard for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.