In this issue

 

Occidental joins with Eni and TotalEnergies for associated gas plan for the Berkine Basin 
LNG News Editor:  Cheniere Energy, the largest US LNG exporter from its six-Train Sabine Pass plant in Louisiana and its three-Train facility at Corpus Christi in Texas with expansion plans,…
Free ReadConocoPhillips, the US major with expanding liquefied natural gas volumes, has signed an accord for long-term offtake and a 30 percent equity stake in Sempra Infrastructure’s proposed Port Arthur LNG…
LNG News Editor:  Kinder Morgan Inc., the US pipeline giant transporting natural gas to LNG plants and to customers around America, said it now provided 50 percent of the feed-gas…
The French government outlined its plans to take full control of the utility EDF whose assets include gas-fired power and nuclear plants as well as LNG volumes and trading, mostly…
The liquefied natural gas export expansion project in Papua New Guinea has launched the first phase of front-end engineering and design studies for the Papua LNG project's upstream production facilities.
Free ReadLNG News Editor:  Delfin LNG, the US floating liquefaction and export project proposed for offshore and onshore Louisiana and with a recently signed supply deal with global commodities firm Vitol,…
LNG News Editor:  The US Department of Energy published its latest LNG monthly export data with European nations such as France, Spain, the Netherlands and Italy being joined by Japan…
LNG News Editor:  India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri has called on automobile makers and suppliers to ensure the availability of vehicles powered by liquefied natural…
Free ReadIndian imports of liquefied natural gas dropped by 9.5 percent in June, the 10th straight monthly decline, as LNG prices have increased in the spot market and curbed buying activity…
Japan companies have until the end of July to decide whether to maintain stakes in the Sakhalin II liquefied natural gas export project in the Russian Far East.
LNG News Editor:  A leading Chinese utility showed the depth of the nation’s continued economic slowdown with power sales dropping in the coastal provinces for coal-fired power and gas-fired electricity…
Imports of liquefied natural gas by China dropped by over 28 percent in June 2022 compared with the same month of 2021 as the economy slowed and spot LNG cargo…
Free ReadNew Fortress Energy joins Pemex for LNG off Veracruz as US plant signs China deals  LNG News Editor:  New Fortress Energy Inc, the expanding LNG terminals, production, shipping and power assets owner has…

News Nudges

Santos profits up

Santos, the Australian operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a shareholder in Papua New Guinea LNG, reported second-quarter and first-half sales revenue of US$1.87 billion and US$3.76Bln respectively. Revenue from LNG sales alone in the second quarter came to US$1.07Bln. Santos said its average realised LNG price in the quarter was US$14.66 per million British thermal units versus US$7.52 per MMBtu in the prior-year quarter.


Baker Hughes boosted

Baker Hughes posted second-quarter operating loss of $25 million compared with a profit of $194M in the prior-year period. However, the company led by Chairman and Chief Executive Lorenzo Simonelli recorded strong orders from its Turbomachinery and Process Solutions (TPS) division as the LNG order cycle continued to unfold. “TPS secured a major contract from Bechtel to provide seven mid-scale LNG trains to support the Stage 3 expansion project of Cheniere’s Corpus Christi Liquefaction facility,” said the company. “Also in LNG, TPS continued to support New Fortress Energy’s (NFE) ‘Fast LNG’ facilities project with a contract for two main refrigerant turbo-compressor strings in offshore.


Quintero LNG deal

Fluxys, the Belgian utility company and grid and Zeebrugge LNG terminal owner, has completed its acquisition with EIG Global Energy Partners of 80 percent of the shares in the Quintero LNG import terminal in Chile from Spanish grid and terminals operator Enagás and OMERS Infrastructure, the Toronto-based Canadian fund.