In this issue

 

Our Asia-Pacific editor

Singapore LNG Corp., the owner of the city-state’s sole liquefied natural gas import terminal on Jurong Island, said it had performed its first small-scale LNG re-loading operation for a newbuild owned by Royal Dutch Shell to underline its capabilities as an Asian fuel hub. 

Greek company Energean Oil & Gas will become a main East Mediterranean natural gas player from 2020 with the expected start of production from the Karish gas field offshore Lebanon and later from the Tanin field off the Israeli coast. 

Our Asia-Pacific editor

Woodside Petroleum, the largest Australian LNG producer, has finally completed its entry into the new oil, gas and LNG province offshore Senegal in West Africa after receiving government approval despite plans by another Australian energy company to seek international arbitration in a dispute over the Woodside buy-in. 

Our Asia-Pacific editor

Monadelphous, the Australian engineering company based in Perth, was awarded a A$600 million (US$453M) contract by LNG producer Woodside Petroleum for the provision of gas asset general maintenance services over the next five years. 

Spain, the largest European importer of LNG, posted a 15 percent increase in shipments last month at its six operating regasification facilities compared with the same period a year ago. 

The Australian APA Group, the Sydney-based company that previously purchased an LNG feed-gas pipeline in Queensland, said it planned to build a new gas pipeline as part of an expansion to its East Coast grid. 

Our Asia-Pacific editor

Tokyo Electric Power Co. and Chubu Electric Power have concluded their agreement on the integration into their Jera Co. Inc. joint venture of their fuel receipt, LNG storage and gas transportation businesses, as well as existing thermal power generation assets with synergy savings alone estimated at more the $890 million a year. 

Japanese liquefied natural gas imports jumped 13 percent in May compared with a year ago and the cost to Japan of the shipments was $1.13 billion more in terms of higher volumes and rising prices. 

Our North America editor in New York

Two of the largest US shale-gas producers, EQT Corp. and Rice Energy, have agreed to merge in a transaction valued at $6.7 billion to create the nation’s largest producer, holding 1 million net acres of the Marcellus Shale play to feed America’s LNG export and gas-fired power plans. 

FERC says that any comments on the environmental impact statement scope is expected to be received by July 10

Our North America editor in New York

The US Federal Energy Regulatory Commission has issued a notice of its intent to prepare an environmental impact statement for the Jordan Cove LNG export project proposed for Coos Bay in the northwest state of Oregon. 

Corpus Christi LNG, the second Cheniere Energy liquefaction and export plant to add to the Houston-based company’s volumes from the Sabine Pass facility in Louisiana, said the first processing Train would be ready for commercial operations ahead of schedule in the first half of 2019 and that pipeline supply infrastructure has also been secured. 

Sapient Global Markets, a consultancy for financial and commodity markets, has been selected by Japanese conglomerate Mitsubishi Corp. to provide a risk management platform for the cargoes it will export from the Cameron LNG project currently under construction in Louisiana. 

Our Asia editor

Bangladesh has chosen Swiss commodities company Astra Transcor Energy (AOT) to help procure liquefied natural gas shipments for a new floating storage and regasification project scheduled to come on line in mid-2018 on an island in the Bay of Bengal. 

Chart Industries of the US, one of the main suppliers of liquefaction and LNG storage equipment, has completed the sale of a range of non-core assets to RIX Industries for an undisclosed sum. 

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.