Dutch-German companies are proposing building a multi-service LNG terminal, including truck-loading
Our Europe editor
Dutch Gate LNG terminal owners, the utility Gasunie and global storage company Vopak, plan to develop Germany’s first LNG import terminal at Brunsbuettel on the Elbe River near the port city of Hamburg.
Our Europe editor
The future of Algeria as an LNG exporter and the recent winter supply tightness experienced by three European LNG importers, France, Italy and Greece, led the International Energy Agency in its annual natural gas report to analyse the two issues.
The US will take the lead on global natural gas supply as the shale revolution gets a second wind and the world’s largest producer increases output and LNG exports over the next five years, accounting for almost 40 percent of global gas output growth, the International Energy Agency said.
Our Asia-Pacific editor
The Port of Singapore said three other ports in Asia, Europe and North America had joined it and seven other organisations in the international LNG bunkering port group formed to underpin the drive for the uptake of LNG as a marine fuel.
European classification society DNV GL has conducted a study of future liquefied natural gas use in the Iberian Peninsula and concludes that one of the main obstacles to the accelerated uptake of LNG is the uncertainty regarding future market volumes.
French energy major Total has signed an agreement with Brittany Ferries to supply LNG bunkering fuel to the port of Ouistreham in northwest France and for the first LNG-powered French cruise ferry that will provide regular services to Portsmouth in England from 2019.
Our North America editor in New York
The US Rio Grande LNG project development company in Texas run by former Royal Dutch Shell senior executive Kathleen Eisbrenner called NextDecade is expected to be listed on the US-based Nasdaq global stock exchange before the end of July.
Eagle LNG Partners has filed an application to export liquefied natural gas from a second production and storage facility currently under construction at a site in West Jacksonville in Florida.
Our Middle East editor
Lebanon plans to award exploration and production licences in five offshore blocks in the East Mediterranean by November 15 this year in the Middle East country’s first attempt at establishing a domestic oil and gas industry to secure resource revenue and future infrastructure for LNG and gas-fired power.
Our Asia-Pacific editor
Japanese government figures show that the average delivered price of spot liquefied natural gas arriving in Japan in June was $5.60 per million British thermal units, a rise of $1.10 per MMBtu versus the $4.50 per MMbtu price registered in June 2016.
Paris-based energy consultants Cedigaz said natural gas growth in absolute terms would outstrip that of all other energy sources and the strong expansion of LNG supply and the abundance of both conventional and unconventional resources would help gas to expand its role in the energy mix to the detriment of coal and oil.
The American Bureau of Shipping, the US classification society, has granted an approval in principle (AIP) for a new Moss-type LNG tank design concept developed by Japan’s Kawasaki Heavy Industries to boost shipment capacity through the Panama Canal.
Our Asia editor
Indian Petroleum and Natural Gas Minister Dharmendra Pradhan has led a ceremony marking the start of construction of the first liquefied natural gas import terminal on the East Coast of India.
Excelerate Energy, the US floating liquefied natural gas LNG terminal project company, and the World Bank have arranged the debt financing for the first floating LNG facility for Bangladesh.
Yamal LNG charter deals
Mitsui OSK Lines, the Japanese shipping company, said it signed long-term charter contracts to provide four LNG carriers, each with capacity of 174,000 cubic metres, to the Yamal LNG project in Arctic Russia from 2019. The four contracted carriers will transport LNG trans-shipped by the project to and from Western Europe. “While demand for LNG transport will greatly grow, by leveraging experience and know-how as owners of one of the world's largest LNG carrier fleets, the MOL Group continually takes a proactive stance in meeting customer needs,” the company said.
Exmar FLNG financing
Belgian LNG shipping and project company Exmar said it had arranged $200 million in financing with Bank of China, Sinosure and a leading European financial institution for its completed Caribbean FLNG hull. The production hull is currently at the Wison Offshore and Marine shipyard in Nantong, China, where it was built while a new project operator is found by Exmar. The original venture proposed for the vessel was in the Latin American nation of Colombia.
Zeebrugge LNG firm streamlines
Belgian natural gas infrastructure company Fluxys, owner of the Zeebrugge LNG import terminal, will merge its wholly owned subsidiary Fluxys Finance into the group to streamline corporate operations. “The transaction simplifies the Fluxys organisational structure, thereby also making a number of operational, administrative and financial processes simpler, and is in line with its policy to boost efficiency,” the company said.