In this issue

 

Our North America editor in New York

Pieridae Energy of Canada is planning a reverse takeover and a listing on the Toronto Stock Exchange as it follows the lead of US LNG developers before the start of financing and construction of its Goldboro LNG plant in the Atlantic province of Nova Scotia. 

Tellurian Inc., developer of the Driftwood LNG project in Louisiana, surprisingly withdrew its planned public offering of 10 million shares just 24 hours after first announcing the transaction, citing adverse market condition after primary US stock markets suffered falls. 

Our Europe editor

Tamrotor Marine Compressors, the Norway-based equipment supplier, has signed a contract with Samsung Heavy Industries to supply a marine compressed air system to a newbuild floating storage and regasification unit ordered by Hoegh LNG, its third recent award to supply equipment to a South Korea shipyard. 

UK major and partner from Dallas consider potential of 15 trillion cubic feet of feed-gas

Our Europe editor

West African LNG production plans are growing. UK major BP and its US project joint venture partner Kosmos Energy announced another large natural gas discovery to further enhance the resources offshore Senegal and Mauritania and providing the foundation for a second liquefied natural gas hub. 

Our North America editor in New York

Veresen Inc. of Canada, developer of the Jordan Cove LNG export project in the US northwest state of Oregon, said the LNG venture was still going ahead even as Veresen proceeded with its planned friendly merger with Canadian peer Pembina Pipeline Corp. in a deal valued at US$4.3 billion. 

The US Center for Liquefied Natural Gas and other Washington-based industry bodies have welcomed the nomination of two candidates by President Donald Trump to fill vacancies on the Federal Energy Regulatory Commission and return the regulator of LNG and other projects to a quorum to take decisions. 

Our North American editor in New York

AES Dominicana, a subsidiary of AES Corp. of the US, has signed an agreement to supply liquefied natural gas to the Barbados National Oil Company from its AES Andres LNG terminal in the Dominican Republic. 

CB&I, the US energy and liquefied natural gas engineering company, reported a 77 percent drop in first-quarter net income and revenue also fell, though the company sensed a rebound in opportunities in China and the Middle East. 

Crowley Maritime Corp. said its liquefied natural gas services group has been awarded a multi-year contract to supply additional volumes of containerized LNG shipped from Florida to pharmaceutical manufacturing plants in Puerto Rico. 

Our North American editor in New York

Japanese utility and LNG importer Tokyo Gas has completed a transaction to take a strategic equity investment in a US company with natural gas assets in Louisiana and Texas, including the Haynesville shale play, for future use in liquefaction tolling agreements at Gulf Coast export plants. 

Australian engineering and construction company Monadelphous said it was awarded the long-term offshore maintenance services contract for the Ichthys LNG project being developed by Japanese energy company Inpex near Darwin in the Northern Territory. 

Our Asia-Pacific editor

Malaysian energy company Petronas said it expected to proceed with a second floating liquefied natural gas project involving a US company after the successful start-up of “PFLNG Satu”, the world’s first production hull deployed over the stranded Kanowit gas field offshore Sarawak. 

Our North America editor in New York

Tellurian Inc. reported a net loss of $141 million in the first-quarter of 2017 as it followed its game plan to develop the Driftwood LNG plant near Lake Charles in Louisiana by 2022 to match the Sabine Pass venture of Cheniere Energy with 27 million tonnes per annum of output. 

US natural gas production is expected to rise to an average of 74.1 billion cubic feet per day for 2017 and to surge even higher in 2018 as benchmark prices also increase on the back of LNG exports and more demand from the domestic market. 

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.