In this issue

 

Our Asia-Pacific editor

Pavilion Energy of Singapore and its gas subsidiary signed a preliminary agreement to cooperate with state-owned Indonesian electricity company Perusahaan Listrik Negara (PLN) on small-scale LNG projects with another Singaporean firm Keppel Offshore & Marine.

King and Spalding, the international law firm, said it represented one of the main parties in an agreement signed to develop the Swan LNG import project planned for some time in the northwest Indian state of Gujrat, where three other regasification terminals already operate. 

German propulsion maker MAN Diesel and Turbo said its marine fuel-gas system subsidiary had signed a contract with Sweden’s gas network operator Swedegas to deliver a liquefied natural gas bunkering facility in the Port of Gothenburg.

Our Europe editor

Angola LNG, the southwest African export plant with a mixed reliability record since it came on stream in 2012, has signed a multi-year LNG sales agreement with global commodities trader Vitol.

US LNG equipment-maker Chart Industries continues to expand its business by acquiring German company VCT Vogel, a servicer of cryogenic and mobile gas tank equipment and trucks and a European leader in truck-mounted drive and control systems for the operation of LNG pumps on trailers and containers. 

Our Americas editor

The International Gas Union, the world body that promotes natural gas and LNG use and technology for economic progress, has scheduled an election of a new President to serve from 2021 to 2024 and has three candidates to choose from representing Canada, China and Egypt.

Our Asia-Pacific editor

Inpex Corp., the Japanese energy company and liquefied natural gas developer, has held a naming ceremony in Japan for an LNG carrier that will transport cargoes from the Ichthys export project near Darwin in Australia’s Northern Territory to Taiwan.

China says the US state of Alaska is making serious efforts to become a stable supplier of liquefied natural gas for Chinese import terminals from the liquefaction project planned by Alaska Gasline Development Corporation.

Dynagas LNG Partners, the Greek-owned carrier operator with six vessels, posted first-quarter operating income of $8.7 million and a net loss $5.2M amid extra expenses for a scheduled class survey and dry-dock costs for the company’s three steam turbine-powered vessels.

Our North America editor in New York

Tellurian Inc., developer of the Driftwood LNG project on the Gulf Coast of Louisiana, said it had agreed to acquire acreage in Haynesville Shale play in the northwest of the state to add potential gas assets to its portfolio for future export.

Fourchon LNG, the US export venture owned by a subsidiary of Hong Kong-based Energy World Corp. and planned for Belle Pass in Louisiana, has applied to regulators for multi-year permits to ship cargoes for 30 years to countries with a Free Trade Agreement (FTA) with the US and for 20 years to any countries without an FTA. 

Our Middle-East editor

The Sultanate of Oman on the Arabian Peninsula has seen petroleum and liquids production reach their highest ever levels at more than 1 million barrels per day and will soon receive a boost to its LNG export and domestic natural gas markets when a new gas field comes on stream at the end of 2017. 

Tornio regasification facility will help supply customers in North of Finland and Sweden

Our Europe editor

Finnish power project company Wartsila, which also makes propulsion and gas equipment for ships, said it achieved mechanical completion of the Tornio Manga onshore LNG terminal, giving Finland its second import and regasification facility.

Our Europe editor

Statoil and partners, including two US majors, have found non-commercial natural gas volumes in the Korpfjell well in the Barents Sea about 420 kilometres offshore its LNG export plant at Hammerfest, the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia.

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.