In this issue

 

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. 

Indian businessman Darshan Hiranandani and his H-Energy company is making progress in his floating storage and regasification project by formally signing its charter agreement for the vessel with French energy company Engie. 

Our Europe editor

The LNG bunkering vessel “Engie Zeebrugge”, set to operate in northwest Europe, has performed its first regular deliveries of fuel to two new gas-propelled pure car and truck carriers in the Belgian port of Zeebrugge. 

Italian utility Edison said it was planning to sell its stake in the Adriatic LNG import terminal owned as a joint venture with Qatar Petroleum and ExxonMobil for shipping cargoes into northern Italy. 

Our Asia-Pacific editor

Australian company Santos, a stakeholder in three Asia-Pacific liquefied natural gas production plants, reported a positive production well test result from the Muruk ST3 gas exploration in the Papua New Guinea Highlands to help underpin PNG LNG plant expansion. 

Our Europe editor

Gaztransport and Technigaz (GTT), the French owner of liquefied natural gas maritime and other storage technologies, said it received an order from Samsung Heavy Industries in South Korea to equip a floating hull with storage for the Mozambique Coral FLNG project. 

Norwegian energy company Statoil has committed itself to continuing the deepwater offshore exploration programme in the Great Australian Bight offshore South Australia that was vacated by BP of the UK in October 2016. 

Australian developer LNG Ltd has formally extended its final turn-key engineering and construction contract for the Magnolia LNG export venture in Louisiana by six months as it seeks to finalize supply agreements with customers. 

Our Europe editor

Qatar Petroleum has signed an accord with Royal Dutch Shell Chief Executive Ben van Beurden on developing liquefied natural gas as a maritime fuel as well as the infrastructure to deliver it at strategic shipping locations across the globe. 

LNG export Qatar’s dispute with its Gulf Cooperation Council (GCC) neighbours, including the United Arab Emirates, Bahrain, Kuwait and Saudi Arabia is having little impact on the LNG market and it is business-as-usual for global LNG shipping shares. 

Our Asia editor

Japanese government figures show that the average delivered price of spot liquefied natural gas shipments arriving in Japan was $1.40 per million British thermal units higher at $5.70 per MMBtu in May compared with $4.30 per MMBtu in the same month of 2016. 

Terminal at Pascagoula was originally built to import cargoes from Angola to the US

Our North America editor in New York

Kinder Morgan, the US pipeline and infrastructure company, is advancing again with its Gulf LNG export project at an existing terminal in the port of Pascagoula in the state of Mississippi. 

Our Europe editor

Royal Dutch Shell Chief Executive Ben van Beurden has signed a further agreement with Russian natural gas company Gazprom to make progress for plans to build an LNG export plant on the northwest Russian coast with cargoes pointing at Europe and South America. 

News Nudges

Armenia gas fuel lead

Armenia’s position as the world’s largest user of gas-fueled vehicles as a proportion of cars, trucks and buses on the road was highlighted during a visit to the former Soviet state by Alexey Miller, Chairman of Russian natural gas giant Gazprom. Miller noted that Russian gas exports to Armenia amount to 1.9 billion cubic metres per year as the country has no energy resources of its own. “Gazprom expressed its appreciation for a robust use of natural gas in different economic sectors, including transportation. At present, around 80 percent of vehicles in the country run on natural gas,” said Gazprom.


GTT LNG storage order

GTT, the French LNG maritime storage technology company, said it received an order from Hyundai Heavy Industries of South Korea to equip a new LNG carrier with its Mark III Flex containment system. Hyundai's shipyard based in Ulsan will build the 180,000 cubic metres capacity vessel for the Norwegian shipping company Norspan LNG (Knutsen). Delivery is scheduled for 2019. The Knutsen fleet contains 10 large-scale LNG carriers in service and one on order. These LNG carriers are all equipped with GTT containment systems.


Mexico bid round ends

Mexico has awarded 10 out of 15 licences for exploration in shallow water blocks in the Tampico-Misantla, Veracruz, and Southeast basin areas along the country’s Gulf Coast. Twenty companies and 16 joint ventures from 15 countries took part in the bidding. Italian energy company Eni and Russia’s Lukoil were two individual operators awarded offshore acreage.