In this issue

 

Pipeline company TGS and Houston-based firm test viability of shale-gas shipments in summer

LNG Journal editor

Argentina is set to change from being an importer to an exporter of liquefied natural gas and has initiated a study on the first liquefaction and export venture with US floating project specialist Excelerate Energy. 

LNG Journal editor

Kinder Morgan, one of the main US pipeline operators and owner of two LNG facilities, said it was moving forward with modifying its Gulf LNG import facility in Mississippi to handle exports as it is already doing with its Elba Island plant near Savannah, Georgia. 

Spanish energy company Repsol has agreed to buy 1 million tonnes per annum of LNG under a 20-year agreement signed with the Calcasieu Pass export project in Louisiana being built by Venture Global, becoming the Washington DC-based developer’s fifth European customer. 

LNG Journal editor

Trinidad and Tobago, the Caribbean nation that once sent most of the LNG cargoes imported into the US before the shale gas boom and still supplies one terminal, is widening its customer base while increasing sources of feed-gas for the Atlantic LNG liquefaction and export plant at Point Fortin on Trinidad. 

Gasum, the natural gas network operator in Finland and owner of the Skangas LNG distribution business, plans to invest in the construction of around 50 more natural gas filling stations for heavy-duty vehicles in Finland, Sweden and Norway by the beginning of the 2020s. 

Ophir Energy, the UK company based in London that was forced to suspend plans for LNG export projects in Equatorial Guinea and Tanzania, plans to move its head office to Asia and cut costs while awaiting the appointment of a new Chief Executive. 

LNG Journal editor

ExxonMobil has signed a preliminary accord for the sale of its 13.8 trillion cubic feet of natural gas resources in the Prudhoe Bay and Point Thomson fields of Alaska's North Slope to Alaska Gasline Development Corp., the state-owned body leading the development of Alaska LNG. 

Gazprom, the Russian pipeline natural gas supplier to Europe and owner of the Sakhalin Island LNG export plant, has proved itself to be slow moving in expanding Sakhalin with an additional liquefaction Train to take nameplate capacity to around 14.4 million tonnes per annum amid Asian demand. 

LNG Journal editor

RWE, one of Europe’s leading energy companies and utilities based in the German city of Essen, said it had secured “a considerable part” of the capacity from Germany’s first LNG terminal planned for Brunsbuettel on the Elbe River near the port of Hamburg. 

LNG Journal editor

Mitsui OSK Lines, the Japanese shipping company and LNG fleet owner, has held a naming ceremony in South Korea for an ice-breaking LNG carrier to deliver shipments to Asia from the Russian Yamal LNG export plant in Siberia. 

Japanese conglomerate Sojitz Corp. plans to expand international LNG activities with Spanish company Reganosa, owner of the Mugardos import terminal in northwest Spain. 

The average price of spot LNG contracted in August 2018 for shipment to Japan was given by the government as $10.70 per million British thermal units, an increase of 7 percent on the previous month and more than 84 percent higher than the contracted price in August 2017. 

LNG Journal editor

Australian regulators said they would not oppose the A$13 billion (US$9.8 billion) acquisition of natural gas pipeline company APA Group by the CK Consortium of Hong Kong after the Chinese company agreed to sell-off some assets in Western Australia. 

Inpex, the Japanese energy company with majority stakes in the Ichthys LNG project in Australia’s Northern Territory and with an onshore plant proposed for Indonesia, is expecting LNG to transform its earnings and for the new liquefaction venture to have a smoother path to completion. 

News Nudges

Egyptian gas is ramped up

The Egyptian Zohr natural gas field in the East Mediterranean, which is allowing Egypt to cease LNG imports, has reached new high production levels of 2 billion cubic feet per day and higher rates are expected in 2019. “This outstanding result has been achieved only a few months after the first gas in December 2017 and one year before the schedule of the plan of development,” said Italian energy company Eni, the field operator.


GTT tanks for Greeks

Gaztransport and Technigaz (GTT), the French LNG storage tank technology firm, said it received an order from Hyundai Heavy Industries of South Korea to design tanks for four new LNG carriers to be built for the Greek shipowner Capital Gas Carriers, a subsidiary of the Capital Group of Evangelos Marinakis. GTT said its Mark III Flex technology had been selected for the tanks on the four ships, each with 174,000 cubic metres of capacity. The delivery of the vessels is scheduled for between the end of 2020 and mid-2021.


Far East LNG plan

Marubeni Corp., the Japanese trading house and LNG industry participant, and shipping company Mitsui OSK Lines have signed a cooperation agreement with a jointly established body comprising the Japan Bank for International Cooperation, the Far East Investment and Export Agency and the Far East and Baikal Region Development Fund to encourage LNG trans-shipment projects.