In this issue

 

Our North America editor in New York

Kosmos Energy, the Dallas-based exploration and production company, has begun the second phase of its multi-well drilling programme offshore the West African countries of Mauritania and Senegal where it is planning two floating LNG projects with BP of the UK. 

China Petroleum and Chemical Corp (Sinopec) said it would accelerate shale-gas output amid construction of new LNG import capacity and natural gas fuel stations for vehicles as it reported a jump in annual net income. 

Our North American editor in New York

Philly Shipyard Inc. has delivered an LNG-ready vessel named the “American Freedom”, the second of four 50,000 deadweight-ton product tankers ordered by a subsidiary of US energy company Kinder Morgan and constructed at the facility in Philadelphia in the state of Pennsylvania. 

Spot shipments and those from new plants revitalize developing market in Asia region

Our Asia-Pacific editor

Imports of liquefied natural gas by India and Japan increased last month as the market continues to evolve in the Asia region with more cargoes available from Australia. 

Our Middle East editor

Qatari liquefied natural gas production company RasGas, which is in the process of being taken over by Qatargas, has recorded one of its last separate corporate events, the shipping of the 500th cargo to the Italian offshore terminal, Adriatic LNG. 

Sovcomflot, Russia’s largest shipping company with a growing LNG fleet and a new vessel marking French LNG industry ties to Russia, posted a more than 40 percent drop in annual net profit dropped to $206.8 million from $345.5M the previous year in the depressed spot and time charter markets. 

Our North America editor in New York

LNG Ltd, the Australian developer of the Canadian Bear Head export project in Nova Scotia, has completed Transport Canada’s technical review of marine terminal systems and trans-shipment sites. 

The Canadian province of British Columbia is calling for investments by Canadian utilities and others to build liquefied natural gas fuel infrastructure to help establish BC as a marine bunkering centre on the Pacific Coast capable of providing LNG to an increasing number of vessels. 

The Canadian province of British Columbia welcomed the decision by pipeline company TransCanada Corp. to inform the National Energy Board it was proceeding with the construction of the North Montney Mainline project to transport shale-gas to North American markets. 

Our North American editor in New York

Cheniere Energy, the owner of the sole operating US export plant on the Gulf Coast at Sabine Pass in Louisiana, has signed agreements with foundation shippers to support construction of a 200-mile interstate natural gas pipeline from Oklahoma to southeast markets. 

Philippine National Oil Co. said it would be drawing up a short-list by the end of April for the development of a floating liquefied natural gas import terminal. 

Our Europe editor

Engie, the French LNG player and utility, was fined 100 million euros ($108M) by the national competition authority for abusing its dominant position by using an historical data file to convert its customers on regulated gas tariffs to market-based contracts. 

Our Asia-Pacific editor

Chiyoda Corp., the Japanese energy and LNG engineering company, has extended an agreement with the Mozambique national oil and gas company to continue training local engineers for future LNG projects, having already helped 70 Mozambicans acquire qualifications. 

The France-based International Group of Liquefied Natural Gas Importers (GIIGNL) has just released the latest edition for 2017 of its “GIIGNL LNG Custody Transfer Handbook”, addressing new commercial and technical developments in the cargo delivery process. 

News Nudges

CB&I CEO to retire

CB&I, the US energy and LNG engineering company, said Philip K. Asherman would be retiring, aged 66, from his positions as President and Chief Executive from July 1 and would be replaced by Patrick K. Mullen. “CB&I's Supervisory Board is grateful for Phil's service and congratulates him on his nearly 12 years of leadership of what has become one of the premier energy infrastructure companies in the world,” said L. Richard Flury, Non-Executive Chairman of the CB&I Supervisory Board. New CEO Mullen, aged 52, was named Chief Operating Officer in 2016 after previously serving as Executive Vice President and President of CB&I’s Engineering and Construction unit where he was responsible for worldwide operations.


Ever cleaner LNG plan

Woodside Petroleum, the major Australian LNG producer, has signed a seven-year contract with a company called Contract Resources to use its planned facility in Karratha, Western Australia, to process spent catalysts and hazardous waste by-products from LNG production and the oil and gas stream process. The Contract Resources secure storage, processing and purification plant will be the first of its kind in Australia and construction is expected to commence shortly.


UK’s gas network profit

National Grid, the UK utility and owner of the Grain LNG import terminal southeast of London, said its annual operating profit from UK Gas Transmission increased 5 percent to 511 million pounds ($662M). “UK Gas Transmission delivered a solid performance,” the company said.