In this issue
Tuesday, 19 February 2019
There are prospects of up to $500M of new potential and large LNG orders in coming year
LNG Journal editor
Chart Industries, the US LNG equipment-maker and supplier to the liquid gas sector, posted a surge in annual sales to $1.08 billion from $842.9 million the previous year amid prospects of up to $500M of potential large LNG-related orders in 2019.
Tuesday, 19 February 2019
LNG Journal editor
Chiyoda Corp., the Japanese engineering company with seven large-scale recent, current and future liquefaction contracts, has posted operational losses related to several LNG projects, including the Cameron LNG export plant in Louisiana being constructed in a joint venture with US firm McDermott International.
Tuesday, 19 February 2019
US natural gas supply flows to meet the winter season peak demand in New England has been helped by the Northeast Gateway deepwater LNG import facility using floating storage and regasification units in Massachusetts Bay offshore Boston.
Tuesday, 19 February 2019
LNG Journal editor
Royal Dutch Shell said it was taking its time to start commercial operations from its Prelude floating liquefied natural gas project offshore northwest Australia to make sure everything went according to plans.
Tuesday, 19 February 2019
OLT Offshore LNG Toscana, the Italian floating storage and regasification unit deployed offshore Tuscany, is working at almost 100 percent of its capacity less than a year after the implementation of new allocation mechanisms via auction.
Tuesday, 19 February 2019
Chevron, the US major whose assets include with two large liquefied natural gas plants in Western Australia, said it signed a sales and purchase agreement with GS Caltex Corp. for the delivery of LNG to South Korea from Chevron’s global supply portfolio.
Tuesday, 19 February 2019
LNG Journal editor
The two Egyptian liquefaction plants located near the port of Alexandra will remain low-cost options for East Mediterranean natural gas producers such as Egypt itself, Israel and the island of Cyprus looking to export LNG and to use the existing capacity for 12.7 million tonnes per annum.
Tuesday, 19 February 2019
LNG Journal editor
The Mexican Federal Electricity Commission (CFE) plans to renegotiate contracts with North American pipeline developers such as TransCanada Corp. and a subsidiary of US utility Sempra Energy as it attempts to downgrade pipeline natural gas and LNG and to use other fuels to meet increasing power demand.
Tuesday, 19 February 2019
LNG Journal editor
The Oil Minister said Yemen said he wished to resume production of liquefied natural gas at the Gulf of Aden liquefaction and export facility that has been halted since mid-April 2015 because of the conflict.
Tuesday, 19 February 2019
Japanese spot LNG cargo prices were at an average of $8.30 per million British thermal units in January 2019 on a contracted basis, $0.90 per MMBtu lower than the previous month, though $2.70 per MMBtu down on January 2018 when the trading level was $11.00 per MMBtu.
Tuesday, 19 February 2019
Perenco, the European energy company with a stake in the Cameroon floating LNG production project in West Africa as well as natural gas fields and infrastructure in the UK area of the North Sea, is carrying out a strategic review and may sell some assets.
Tuesday, 19 February 2019
LNG Journal editor
Pieridae Energy, developer of the German-backed Goldboro LNG export project in the Canadian province of Nova Scotia, has entered into agreements for a private placement of shares with a group of banks and brokers and two other transactions to raise some funding.
Tuesday, 19 February 2019
German LNG Terminal, the joint venture company developing the European nation’s first regasification facility at Brunsbuettel on the Elbe River near the port of Hamburg said it had reached another long-term commercial capacity agreement.
Tuesday, 12 February 2019
Liquefaction benefits increased with fresh volumes coming from Australia and Russia
LNG Journal editor
French energy major Total said fourth-quarter net income rose by 10 percent to $3.16 billion and jumped by 28 percent for the full year to $13.55Bln as its liquefied natural gas activities increased with fresh volumes coming from Ichthys LNG in Australia and the Yamal plant in Russia.
More...
News Nudges
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Tellurian signs Indian accord Tellurian Inc., developer of the US Driftwood LNG export plant in Louisiana, said it had signed an accord with Petronet LNG of India whereby Petronet was exploring the possibility of investing in the Driftwood project. “Petronet is India’s largest LNG importer, operating 20 million tonnes per annum of receiving terminal capacity with an additional 2.5 MTPA of capacity under construction at its Dahej expansion and a further 5 MTPA proposed at Gangavaram,” said Tellurian President and Chief Executive Meg Gentle. Inpex profits increase Inpex Corp., operator of the Ichthys LNG project in the Northern Territory of Australia, said it had shipped 20 cargoes since commercial operations began in October 2018, including 11 LNG by the year-end. The number was included in the nine-month earnings from April to December 2018 as it posted sales of 700.5 billion yen ($6.3Bln), down 0.4 percent from the same period of 2017. Inpex said its nine-month net income rose by 17.2 percent to 62.6Bln yen ($566 million) compared with 53.4Bln ($483M) in the same period of the previous year. GTT gains Greek order French maritime storage technology company GTT said it received an order from the South Korean shipyard of Samsung Heavy Industries concerning the tank design of a new 174,000 cubic metres capacity LNG carrier on behalf of the ship-owner Minerva Gas, a subsidiary of Minerva Marine of Greece. GTT said its membrane containment system, the Mark III Flex-plus, has been selected for the design of the tanks and the delivery of the ship is planned during the third quarter of 2021. |
