In this issue

 

Chicago Bridge and Iron, the US energy and LNG engineering and construction company, said it was optimistic for substantial backlog growth from new projects in the US and the Middle East during 2017 after posting an operating loss in 2016. 

Dynagas LNG Partners, the US affiliate of the Greek shipping company with a fleet of just six LNG vessels carrying some US cargoes and future Russian shipments, reported an 11 percent rise in annual net income. 

Our North America editor

Kosmos Energy, the US company planning to produce liquefied natural gas with BP of the UK from floating hulls offshore Senegal and Mauritania in West Africa, said in its annual and fourth-quarter earnings that its highlight was drilling an exploration well with total discovered resource of 25 trillion cubic feet of feed-gas. 

Our Asia Pacific editor

LNG Ltd, the Australian developer of two North American LNG export projects, has substantially reduced its net losses as it remained on stand-by to start building two fully-approved liquefaction plants amid preliminary agreements to ship cargoes to the UK and India. 

Our Asia-Pacific editor

Woodside Energy, the Australian liquefied natural gas plant operator, has signed an agreement with the oil and gas unit of US equipment maker General Electric to work together to support the use of LNG as a fuel in Western Australia. 

Sevan Marine, the Norwegian engineering services company, said it signed a long-term framework agreement with US major ExxonMobil for the provision of services and use of Sevan’s floating LNG cylindrical hull technology. 

French energy company Total has received 45.9 million common shares in Tellurian Inc., the development company of former Cheniere Energy Chief Executive Charif Souki and his Driftwood LNG project in return for the $206.9M investment made in Tellurian by Total in January 2017. 

Our North America editor in New York

Cheniere Energy, the owner of the Sabine Pass liquefaction plant in Louisiana, the first export facility on the US Gulf Coast, posted a net loss of $610 million for 2016, though forecast rising income in 2017 from the coming on stream of the third processing Train. 

UK major BP has agreed to acquire the upstream bio-methane portion of the fueling business established by Clean Energy Fuels Corp. of the US as part of its build-out of a network of LNG stations in North America. 

Our Europe editor

Gaztransport and Technigaz (GTT), the French owner of liquefied natural gas maritime and other storage technologies, said annual net profits edged higher as the shipping industry began to emerge from its slump. 

Several developers of US, Australian and Russian projects plan to add additional Trains

Our North America editor

The latest expansion in Australian and US liquefied natural gas supply capacity, which is costing developers more than a quarter of a trillion dollars to build, was boosted by a spike in demand from Asia supported by abundant American shale gas supplies at low prices. 

Our Asia-Pacific editor

Woodside Chief Executive Peter Coleman said the Browse LNG project originally planned as an onshore plant in Western Australia, then switched to be a floating LNG venture could be brought back onto land again if such a move is merited by economic circumstances. 

Woodside recorded a full-year net profit of US$973 million compared with US$113M the previous year ahead of the start-up of the Wheatstone LNG plant in Western Australia scheduled to take place soon and as it acquired assets offshore Senegal in West Africa. 

Our Asia-Pacific editor

Oil Search, a stakeholder in the Papua New Guinea LNG plant and the joint venture planning its expansion, saw its annual revenues plunge because of oil prices, though its medium-term outlook was boosted by the “substantial uplift” in the natural gas resources for additional LNG production in the Oceania nation. 

News Nudges

Cameron LNG stays on track

The Sempra Energy head of infrastructure businesses, Joseph Householder, said the US Cameron LNG export project in Louisiana remained on track after experiencing some weather-related construction delays. Householder said the California-based utility and energy company and its French and Japanese partners, Engie, Mitsui and Mitsubishi were committed to the current Cameron schedule for the first of three liquefaction Trains to be on stream by early 2018. “The commitment of each of our partners and customers to get the project finished and into operation is completely there,” Householder told a meeting of analysts.


Egyptian gas supply increases

BP of the UK said it had started natural gas production from the first two fields of the West Nile Delta development in Egypt. The West Nile Delta venture and the Zohr gas project in the East Mediterranean are expected to lessen current Egyptian dependence on LNG to meet domestic demand. The project was delivered eight months ahead of schedule and the first gas was delivered to Egypt’s national grid. “The commissioning of all nine wells of the development’s first two fields and ramp up to stable operations has now been completed,” said BP.


Clean Energy makes choice

Clean Energy Fuels Corp., the LNG and gas fuel company and station network owner on the US West Coast, said it appointed Frank Meyer as President of its compression subsidiary. Clean Energy, based in Newport Beach in California, said Meyer brought 24 years of leadership experience after serving in a variety of roles.