In this issue

 

Sabine Pass plant has shipped a total of 475 cargoes to 29 different countries

LNG Journal editor

Cheniere Energy, owner of the Sabine Pass LNG export plant in Louisiana, posted an almost 30 percent rise in third-quarter LNG revenues as volumes increased along with prices and more than 215 cargoes were shipped in the year-to-date period. 

LNG Journal editor

JGC Corp. of Japan, one of the leading global energy engineering companies, has given a frank assessment of the risks posed by some overseas projects in terms of potential losses and outlined its activities and plans for the LNG Canada project, Ichthys LNG In Australia and the Russian Yamal LNG venture. 

Toshiba Corp., the Japanese conglomerate emerging from a crisis caused by an accounting scandal and massive losses in the nuclear business, has announced a five-year recovery plan, including the off-loading of its US liquefied natural gas assets comprising volumes from a 20-year tolling agreement at the Freeport LNG plant in Texas. 

LNG Journal editor

US regulators have prepared a draft environmental impact statement for the Plaquemines LNG export plant proposed for the banks of the Mississippi River and its associated Gator Express Pipeline system. 

Japanese spot LNG cargo prices edged up last month on a contracted basis to $10.70 per million British thermal units as winter demand gathered pace in North Asia, where prices are now an average $2.50 per MMBtu higher than a year ago. 

Tellurian Inc., developer of the Driftwood LNG export plant in Louisiana, said it advanced the sale of LNG and Driftwood partnership interests with around 35 customers and potential partners conducting due diligence and would announce the investor and buyer list by year-end. 

LNG Journal editor

Avenir LNG, a small-scale niche market joint venture involving Stolt-Nielsen Ltd, the shipping and storage group and its Norwegian peers, Hoegh LNG and Golar LNG, is now registered on the Oslo over-the-counter market after holding a private share placement. 

Lloyd's Register, the UK maritime classification society, presented South Korean shipbuilder STX with an approval in principle for a tanker design capable of using liquefied natural gas as a fuel. 

LNG Journal editor

The International Group of LNG Importers, involving 83 companies, has held a meeting in the Japanese city of Fukuoka and issued a statement on the future role of LNG as a clean and flexible solution for a responsible energy future. 

LNG Journal editor

The Kingdom of Bahrain said it would receive its commissioning cargo from Abu Dhabi National Oil Company when the facility becomes operational in 2019. 

Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture with state energy company Petronas, has returned a third-quarter profit after posting a loss in the same three months of 2017. 

Italian energy company Eni signed an agreement for the sale of a 20 percent interest to Mubadala Petroleum from Eni’s share in the Nour North Sinai Offshore block after Mubadala had previously invested in the Zohr field that enabled the Egyptians to re-start LNG exports. 

LNG Journal editor

French energy major Total has been awarded a 40 percent concession by the Abu Dhabi National Oil Company, owner of the Das Island LNG export plant and other assets, in the Ruwais Diyab unconventional gas basin which Total says has the potential to be a high impact play ranking alongside the most prolific North American shale-gas plays. 

Saudi Aramco, the Saudi Arabian oil producer and one of the world’s largest companies by revenue, and Abu Dhabi National Oil Company have signed a framework agreement to explore opportunities for cooperation in the natural gas and liquefied natural gas sectors between Saudi Arabia and the United Arab Emirates. 

News Nudges

Abu Dhabi LNG deals

The Abu Dhabi National Oil Company (Adnoc) has agreed in principle to extend to 2040 its gas supply agreements, in coordination with the Adnoc LNG joint venture partners, Mitsui of Japan, BP of the UK and France’s Total. “The new gas supply agreements are scheduled to take effect from April 1, 2019, replacing existing agreements, due to expire on March 31, 2019,” said Adnoc. The move is in line with the new integrated gas strategy in the United Arab Emirates that will sustain LNG production at the Das Island liquefaction facility. Adnoc LNG has signed seven term contracts for the supply of more than 4.2 million tonnes per annum of the fuel, mostly to Japan.


GTT order for Greeks

French LNG storage tank technology company GTT said it received an order from the South Korean shipyard, Hyundai Heavy Industries, for tank designs for a 174,000 cubic metres capacity LNG carrier on behalf of Greek ship-owner Thenamaris. “GTT will realize the design of the tanks of the vessel, which will be fitted with the Mark III Flex membrane containment system, a proven technology developed by GTT,” said the Paris-based company.


LNG carrier transfer

GasLog Partners, New York Stock Exchange-listed affiliate of Monaco-based GasLog LNG, said the partnership closed its acquisition from GasLog of all the shares in the LNG carrier “Methane Becki Anne”. The 170,000 cubic metres capacity ship with tri-fuel diesel-electric propulsion was delivered in 2010. “The vessel is currently on a multi-year time charter with a subsidiary of Royal Dutch Shell through March 2024.