In this issue

 

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. 

Australian energy and LNG engineering company Monadelphous Group said it will partner with Jacobs Engineering Group Inc. of the US for a five-year upstream contract in Papua New Guinea for Oil Search Ltd, one of the partners in the PNG LNG plant and expansion project. 

Australia LNG and energy company Santos, with stakes in three Asia-Pacific LNG plants, posted an annual net loss of net loss of US$1.04 billion, including a US$1.1Bln asset write-down on its Gladstone coal-seam-gas-to-LNG plant it operates in the eastern state of Queensland. 

Our North America editor

The US Department of Energy has published its latest monthly report on liquefied natural gas imports and exports, showing that 15 cargoes were exported from the Sabine Pass liquefaction plant in Louisiana, operated by Cheniere Energy, to six different nations. 

News Nudges

CB&I CEO to retire

CB&I, the US energy and LNG engineering company, said Philip K. Asherman would be retiring, aged 66, from his positions as President and Chief Executive from July 1 and would be replaced by Patrick K. Mullen. “CB&I's Supervisory Board is grateful for Phil's service and congratulates him on his nearly 12 years of leadership of what has become one of the premier energy infrastructure companies in the world,” said L. Richard Flury, Non-Executive Chairman of the CB&I Supervisory Board. New CEO Mullen, aged 52, was named Chief Operating Officer in 2016 after previously serving as Executive Vice President and President of CB&I’s Engineering and Construction unit where he was responsible for worldwide operations.


Ever cleaner LNG plan

Woodside Petroleum, the major Australian LNG producer, has signed a seven-year contract with a company called Contract Resources to use its planned facility in Karratha, Western Australia, to process spent catalysts and hazardous waste by-products from LNG production and the oil and gas stream process. The Contract Resources secure storage, processing and purification plant will be the first of its kind in Australia and construction is expected to commence shortly.


UK’s gas network profit

National Grid, the UK utility and owner of the Grain LNG import terminal southeast of London, said its annual operating profit from UK Gas Transmission increased 5 percent to 511 million pounds ($662M). “UK Gas Transmission delivered a solid performance,” the company said.