In this issue

 

UK company Ophir says intensive efforts are being made by all partners to reach FID

Our Europe editor

Ophir Energy of the UK, the leader of the Fortuna floating liquefied natural gas project offshore Equatorial Guinea, said intensive efforts were being made by all partners to achieve a final investment decision before the end of the fourth quarter of 2017.

The Atlantic LNG production plant in Trinidad was shut down and evacuated when fire enveloped one of its power generating units sending black smoke and fire into the air at Point Fortin on the southwest of the Caribbean Island.

The US said it expected its dry natural gas production to rise to an average of 73.7 billion cubic feet per day in 2017 even after disruptions caused by the recent hurricane along the Gulf Coast of Texas and Louisiana, a main production area.

Our Europe editor

The American Bureau of Shipping, the US classification society and marine technical services, said it completed a joint development project with Monaco-based LNG fleet owner GasLog focusing on boil-off gas efficiency in operations.

The merged US subsea and energy services company formed by Baker Hughes and GE Oil and Gas has signed its highest-profile contract yet under the BHGE banner for Phase Two development of the Zohr gas field in the east Mediterranean that will boost Egyptian natural gas supplies and reduce LNG needs.

One of the world’s best-known shipping executives, John Fredriksen, is retaining his almost 52 percent stake in Flex LNG, the Oslo-listed company awaiting the delivery of six LNG carriers and planning joint ventures with US export and liquefaction plant developer NextDecade Corp.

Our Asia-Pacific editor

Japanese government figures show that the average delivered price of spot liquefied natural gas that arrived in Japan in August was $5.60 per million British thermal units, just $0.20 per MMBtu higher than the $5.40 per MMbtu price given for August 2016. 

Angola LNG, the revitalized southwest African export plant, has signed its second European sales agreement of September with German utility and energy company RWE after concluding a similar deal with Swiss-based global commodities firm Vitol.

Our Americas editor

NextDecade Corp., the US LNG export developer planning the Rio Grande LNG and Rio Bravo Pipeline projects in Texas, has named former senior BG Group executive Matt Schatzman to the newly created position of President.

Our Asia-Pacific editor

Japanese conglomerate Mitsui and Russian natural gas and LNG supplier Gazprom have signed a framework agreement for cooperation on small-scale and mid-scale LNG projects.

Spain imported 19 LNG cargoes last month as natural gas demand growth reached record levels and its six operating regasification facilities supplied gas-fired power plants.

The LNG Croatia project, a joint venture to develop a near-shore import terminal at one of the Balkan nation’s islands in the northern Adriatic, is finally making progress with the deadline for the final bids to construct infrastructure and supply a floating storage and regasification unit set for September 29.

Our Asia editor

Indian Minister for Petroleum and Natural Gas Dharmendra Pradhan said his country had renegotiated the pricing of liquefied natural gas volumes imported from the Gorgon project on Barrow Island in Western Australia.

Origin Energy, a stakeholder in the Australia Pacific LNG plant in Queensland, and Gladstone LNG operator Santos, said they had both heeded calls to help Australian industry in the supply of gas and have signed a joint deal with a major Sydney company.

News Nudges

Texas waterway to upgrade

The Corpus Christi Ship Channel on the Texas Gulf Coast, which could become an important LNG shipping destination for the second wave of US exports, is planning a $327 million upgrade. The project will be run by the Port of Corpus Christi Authority Commission and the US Army Corps of Engineers and will involve the deepening and widening of the Channel. The project plans to widen the Channel to 530 feet, with additional barge shelves, to allow for two-way vessel and barge traffic. The Channel will also be deepened to 54 feet (Mean Lower Low Water) to allow for the safe passage of deep-draft vessels.


Cheniere to raise $1.5bln

Cheniere Energy, operator of the Sabine Pass export plant in Louisiana and the developer of more liquefaction Trains, has increased its offering of Senior Notes, a first-call form of debt security, from $1 billion to $1.5Bln. The notes will bear interest at a rate of 5.25 percent per annum and will mature in October 2025. The closing of the debt offering is expected on September 18. Cheniere said it intended to use the net proceeds to pay down a portion of some of its outstanding term loans.


Two cargoes for Mexico

The 141,000 cubic metres capacity “LNG Adamawa” will unload a shipment on September 28 at the Mexican Altamira import terminal on the Gulf of Mexico coast from the Nigerian LNG plant on Bonny Island. The 145,700 cubic metres capacity carrier “Tangguh Jaya” carrier is scheduled to deliver an Indonesian cargo on October 5 to the Costa Azul terminal, owned by US utility Sempra Energy, and located on the Pacific Coast of Mexico, near the town of Ensenada.