In this issue

 

Our Africa editor

Ghana has signed an agreement for the nation to receive liquefied natural gas cargoes for a period of 15 years from West African neighbour and producer Equatorial Guinea as it awaits several planned import facilities to finally be completed.

Qatar Gas Transport Company, the Gulf state’s LNG carrier fleet operator, has now transferred 10 vessels from the maritime management of Royal Dutch Shell to its own subsidiary.

The Equatorial Guinea floating LNG project owners said the 2.2 million tonnes per annum of offtake volumes from the West African joint venture has gone to global commodities firm Gunvor as the preferred buyer.

Our Asia-Pacific editor

Santos, the Australian energy company and stakeholder in three Asia-Pacific LNG plants, said it was exercising its option to redeem 1 billion euros (US$1.17 billion) in Notes originally issued in 2010 as it continues to pay down debts amid a restructuring that has coincided with giving Chinese shareholders a great role.

Australian energy company Santos posted a first-half jump of 24 percent in revenue to US$1.5 billion due to higher LNG sales, reflecting the ramp-up of Gladstone LNG and a strong showing from Papua New Guinea LNG, though a net loss was recorded because of a one-off charge.

Our Asia-Pacific editor

Woodside Petroleum of Australia said it was planning to install a large battery on one of its offshore platforms serving the North West Shelf LNG plant in a move that will save costs as well as reduce carbon emissions and the company may eventually expand the programme to other LNG and natural gas production facilities. 

US CEO has some Irish US CEO has some Irish connections as graduate of University of NotreDame in state of Indiana 

Our Europe editor

US LNG development company NextDecade has signed an accord with the Port of Cork to eventually ship LNG cargoes from Texas to the Republic of Ireland for distribution in the European market.

Our Asia-Pacific editor

Woodside Petroleum, operator of the North West Shelf plant and Pluto facility in Western Australia, posted US$867 million in second-quarter revenue and said final commissioning of the Wheatstone LNG Train 1 was “well advanced” and nearing completion.

Australian energy company Santos, a stakeholder in three Asia-Pacific LNG export plants, said in its second-quarter earnings it was successfully tackling its debt issues helped by improving LNG prices as it also planned increases in domestic market volumes in the state of Queensland.

Our Europe editor

Norwegian shipping company and import project developer Hoegh LNG has signed an agreement with Qatar Gas Transport Co., also known as Nakilat, to explore joint ventures in the floating storage and regasification unit (FSRU) business.

The Kingdom of Jordan is seeking the supply of more than 30 LNG cargoes in 2018 before the completion in 2019 of the Israeli Leviathan natural gas field that will send offshore pipeline gas to Israel’s Arab neighbour amounting to 35 million tonnes of LNG over 15 years. 

Three US LNG cargoes were sent to both the United Arab Emirates and Mexico and two were sent to South Korea as a monthly record 18 LNG cargoes were shipped from the Sabine Pass plant in Louisiana, while the Poles paid much less for their LNG than the Dutch, according to the latest detailed data released by the Department of Energy.

Our North America editor in New York

US Energy Secretary Rick Perry said in a major policy speech in Washington that the nation was planning a “new North American energy strategy” with Mexico and Canada included as it shares the benefits with the world of its LNG export build-out and shale-gas production surge.

Chart Industries, the US maker of liquefied natural gas liquefaction and storage equipment, is celebrating 25 years since its pioneering of the ISO shipping containers that now carry LNG to small-scale users in the Caribbean, Europe and Asia.

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.