In this issue

 

Chinese city’s energy trading platform has been disappointing so far

LNG Journal editor

The Shanghai Petroleum and Gas Exchange is planning an LNG cargo auction on April 18 in a pricing exercise as the Asian region still awaits the emergence of a single benchmark price. 

LNG Journal editor

ExxonMobil Corp., operator of the Papua New Guinea liquefied natural gas export plant near Port Moresby, has announced a more than 80 percent increase in estimated reserves in a key natural gas field underpinning the LNG expansion in the Oceania nation and said it would have a lasting economic impact for the people of PNG. 

BP of the UK said it had approved the development with Oman Oil Company of the Ghazeer project in the Sultanate of Oman as the second phase of the giant Khazzan natural gas venture in the Arabian Peninsula nation that has helped revive LNG production. 

LNG Journal editor

Fluxys, the Belgian energy and natural gas pipeline company as well as owner of the Zeebrugge liquefied natural gas import terminal, has taken over the LNG bunkering concession in the port of Antwerp in Belgium. 

Japanese spot LNG cargoes that arrived in Japan in March cost an average of $10.20 per MMBtu compared with $7.70 per MMBtu a year before, a rise of almost 33 percent and along with long-term contract deliveries will be adding to Japan’s energy import costs as oil and gas prices recover. 

Elengy of France, owner of three of the nation’s liquefied natural gas import terminals, said it planned to build a truck-loading station at the Fos Cavaou facility near the Mediterranean port of Marseilles to boost distribution in the region. 

LNG Journal editor

Greek shipping company Arista and its partners are planning to place an order in China for 20 bulk carriers to be powered by LNG as part of a joint development programme also involving companies such as Royal Dutch Shell and the American Bureau of Shipping. 

GasLog, the US-listed and Monaco-based shipping line whose fleet numbers 27 LNG carriers, has told investors in New York that the LNG shipping market was evolving with more fragmentation, inter-basin trading and value maximization helping to increase shipping intensity. 

LNG Journal editor

Two of the three Australian coal-seam-gas-to-LNG export plants on Curtis Island near the port of Gladstone in Queensland have successfully tendered for an exploration and production licence for a key block in the Bowen Basin to boost natural gas supplies. 

LNG Journal editor

Air Liquide, the France-based industrial gases company, said it was continuing to develop its latest boil-off gas reliquefaction technology onboard a second LNG carrier newbuild after successful trials on a first vessel at a shipyard in South Korea. 

German marine engine maker MAN Diesel & Turbo has supplied the propulsion for the world’s first LNG-fueled bulk carrier delivered in South Korea to work on the Asian nation’s coastal trade. 

General Electric, the US power plant and machinery company, said it had successfully completed the testing of an 80-megawatts induction motor at its factory in northeast France to serve the LNG industry liquefaction plants. 

LNG Journal editor

Florida Gas Transmission received a regulatory permit for its East-West Project to construct lateral connections to serve demand in the Gulf Coast, including from liquefied natural gas export plants. 

Mexico said that it was developing a set of privately-owned pipelines and other natural gas projects, including a floating LNG import facility, as part of a historic build-out of the nation’s gas infrastructure. 

News Nudges

Chart contract in Croatia

Chart Ferox, a subsidiary of US LNG equipment company Chart Industries, said it was awarded a contract for the design, manufacture and commissioning of the first LNG vehicle fueling station in the Balkan state of Croatia. “The skidded design incorporates our recently introduced 60 cubic metres horizontal cryogenic storage tank together with many other innovative features for enhanced reliability and economy,” said Chart. The company added that its proprietary vaporization technology would ensure that the station was capable of fueling all LNG vehicles available on the market, regardless of whether they are equipped with spark ignited or compression engines.


Sempra plans for Mexico

Sempra Energy, the California-based utility transforming its Cameron LNG terminal in Louisiana and Costa Azul facility on the Pacific coast of Mexico into export plants, said it was scaling back its Mexican liquefaction plans. The Sempra Mexican subsidiary, Infraestructura Energetica Nova (IEnova), is now looking at a small-scale plant with 2.5 million tonnes per annum of output by around 2023 instead of a larger plant constructed later with up to 12 MTPA of capacity and closer to the size of Cameron LNG.


Enel LNG ship charter

Flex LNG, the Norway-listed shipping and project company, has chartered an LNG carrier for 12 months to Italian energy company Enel Trade SpA. Flex said the charter would start in the second half of 2019 with an option to extend for 12 months.