In this issue

 

Our North America editor in New York

Tellurian Inc., the developer of the US Driftwood LNG export project in Louisiana and founded by ex-Cheniere Energy Chief Executive Charif Souki and Martin Houston former head of LNG at the UK BG Group, has completed a reverse takeover to gain a listing on the Nasdaq stock exchange. 

Argentina believes it is still on track to cease liquefied natural gas imports by 2022 as shale-gas supplies from its estimated 802 trillion cubic feet of technically recoverable resources begin to flow. 

Our Europe editor

Australian oil and gas exploration and production company Po Valley Energy is moving ahead with plans to compete with LNG in Italy by setting its initial public offering date in London for around February 24 when it will sell shares in a spin-off developing onshore Italian natural gas. 

Woodfibre venture in Squamish used as test for Ottawa’s singular energy policy

Our Asia editor

The small-scale Canadian export project backed by Indonesian billionaire Sukanto Tanoto and his Pacific Oil and Gas company has applied for a 40-year export licence to ship cargoes to Asia. 

Our Europe editor

Global commodities trader Trafigura plans to invest in a liquefied natural gas import facility in Teesside in northeast England as it expands its LNG trading and UK gas market presence and forecasts a surge in cargoes from the United States. 

Santos, the Australia stakeholder in three Asia-Pacific LNG export joint ventures, said it raised more than A$1.2 billion (US$950) after completing a share purchase plan as part of its turnaround strategy following the successful completion of an institutional placement in December 2016. 

Our Europe editor

French energy company Total said liquefied natural sales rose by 8 percent in 2016 as new volumes came on stream at the Gladstone coal-seam-gas-to-LNG plant in the eastern Australian state of Queensland and a significant surge in cargoes is expected from stakes in liquefaction plants set to be completed soon in Australia and Russia. 

Gaztransport and Technigaz (GTT), the French maritime storage tank technology company, said it received an order with three options from Samsung Heavy Industries of South Korea to equip a floating storage and regasification unit being built for Norwegian shipping line Hoegh LNG. 

Our Middle East editor

Egyptian Petroleum Minister Tarek El-Molla said the country was paying less than the global price for shipments of liquefied natural gas received in recent months from worldwide suppliers and has been extended better payment terms for future cargoes. 

Nakilat Shipping Qatar Ltd, a subsidiary of Qatar Gas Transport Co., has taken back a fifth ship as part of an agreement with Shell International Trading and Shipping to return management of Nakilat’s LNG fleet to Qatari hands. 

Our Europe editor

Royal Dutch Shell is helping to advance the project to introduce the world’s first liquefied natural-powered dredger to operate in the port of Rotterdam after signing a bunkering agreement. 

Our North America editor in New York

Eagle LNG Partners, the company with plans to develop liquefaction and export facilities on the banks of the St Johns River in Jacksonville, Florida, has formally filed its application with the US Federal Energy Regulatory Commission. 

The Penco-Lirquen LNG import project in the South American nation of Chile, with plans to ship US cargoes from Texas, has had its environmental permits suspended by the Chilean Supreme Court because of a breakdown in communication with indigenous people in the area. 

Israeli East Mediterranean company Delek Group, with plans to supply natural gas to Jordan, Israel, Egypt and the Palestinian Authority has signed an agreement to acquire Canadian company Ithaca Energy for US$525 million. 

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.