In this issue

 

Our Asia-Pacific Editor

Total Chairman and Chief Executive Patrick Pouyanne has signed an agreement in Beijing with China National Petroleum Co. (CNPC) to extend their cooperation on energy and LNG projects, beyond those currently underway including the Yamal LNG project in Russia.

Novatek keeps venture on track by selling another stake to China at a large discount

Our Europe editor

Russian natural gas producer Novatek completed the sale of an almost 10 percent stake in the Yamal LNG project in the Arctic region for $1.20 billion to a Chinese equity fund because sanctions had mostly closed off Western financing.

The US Jordan Cove LNG export project in the northwest state of Oregon has been blocked by the regulators because the affiliated pipeline “would bring adverse impacts to landowners and communities.”

Kinder Morgan is seeing regulatory progress in its plans to move feed-gas from the Marcellus Shale in the US northeast to the Gulf Coast to boost supplies for LNG export projects in Lou-isiana and Texas.

A South Korean consortium led by Hyundai Engineering and Construction Co. was awarded a contract to build Kuwait’s new onshore liquefied natural gas import terminal at Al-Zour to supplement supplies received at the port-side Regasification and Storage Unit at Mina Al-Ahmadi.

The number of rigs drilling for natural gas and oil in the United States fell by nine to 480 in the latest published weekly figures, the lowest level since 1948 as natural gas companies that will supply the LNG export industry have decided that prices are too low for now to make exploration and production an economic activity.

The Alaska LNG export project plans to start submitting its second round of draft resource reports to federal regulators in the second quarter of 2016 as its spending on the venture so far has reached $700 million.

Our North America editor in New York

The Canadian province of British Columbia has introduced amendments that will streamline safety oversight for oil and gas facilities, including liquefied natural gas plants.

The Canadian province of Ontario is looking at small-scale liquefied natural gas supply operations around Lake Superior with the fuel being delivered by trucks.

Our North America editor in New York

A project in Florida called American LNG, controlled by an equity fund and one of seven fully approved LNG export ventures in the US, has made progress with its plan to export volumes to the Caribbean nation of Jamaica, which does not have a Free Trade Agreement with the US.

Our North America editor in New York

The Metlakatla First Nation in British Columbia has signed two pipeline agreements backing plans by TransCanada Corp. and Spectra Energy of the US to build feed-gas connections to planned liquefied natural gas export plants in the province.

Australian company Liquefied Natural Gas Ltd. has extended its lease for the Fisherman’s Landing LNG project site located in Gladstone in the state of Queensland where three other coal-seam-gas-to-LNG projects have been built.

Ordinary Canadians in British Columbia stages rallies in three towns in support of the development of liquefied natural gas projects in the face of growing opposition from the federal government in Ottawa to the hydrocarbon industry.

Our Middle East editor

US floating LNG project company Excelerate Energy said its vessel “Explorer” deployed in the United Arab Emirates has been upgraded to reach a landmark send-out capacity of 1.0 billion cubic feet per day at Jebel Ali port in Dubai and can also supply bunkering services.

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.