In this issue

 

The United States said it was keen to support the development of a liquefied natural gas import terminal in Croatia, either a floating facility or an onshore plant located on the island of Krk in the northern Adriatic Sea.

Our Asia-Pacific editor

Energy World Corp. said it was aiming to complete the first LNG import terminal in the Philippines by December 2016 as it outlined its strategy for the facility.

KBR Inc., the Houston-based US energy and LNG engineering company, has posted strong fourth-quarter earnings after previously overhauling the business after a previous loss of over $1 billion.

Our Asia Pacific editor

The one-month countdown is beginning for the most important liquefied natural gas conference to take place in recent years, the LNG 18 event scheduled for April 11-15 at the Perth Convention Centre in Western Australia.

Our Europe editor

Spanish energy company Endesa is building up its liquefied natural gas fueling business and has just opened up a new station to service several more towns in Spain.

MEO Australia, the developer of the postponed Tassie Shoal LNG project in the Timor Sea, continues to push ahead with its preferred operations in Cuba and has just raised funds from a London-listed company through a private placement of shares.

Flogas Britain, the UK’s leading liquefied natural gas distributor via trucks, has completed a multi-million pound investment in its LNG distribution fleet as it continues to expand.

Our Europe editor

The German Baltic port of Rostock has carried out its first liquefied natural gas fueling operation involving a ship owned by a Norwegian-Swedish joint venture and the Russian natural gas company Gazprom as the fuel supplier.

Three LNG carrier fleet owners, Golar LNG, GasLog and Dynagas said their pooling arrangement aimed mainly at the spot market had initiated dialogue on “innovative chartering arrangements.”

Maputo sanctioned development of first phase of venture to move towards gas production

Our Europe editor

Italy’s Eni posted a massive 7.8 billion euros ($8.5Bln) of quarterly losses due to one-off asset charges “driven by the oil scenario”, though still intends to pursue high-value liquefied natural gas projects in Mozambique and Indonesia.

Our Asia-Pacific editor

Air Water Inc., Japan's second-largest provider of industrial gases, has acquired a natural gas tank maker in Malaysia to build up the small-scale LNG storage and transportation market in the Asia-Pacific region.

Former Cheniere Energy Chairman and Chief Executive Charif Souki, who was ousted as head of the US developer of the Sabine Pass and Corpus Christi liquefied natural gas export projects, has formed a new company to pursue LNG ventures with ex-BG Group executive Martin Houston.

Our North America editor in New York

Chart Industries, one of the leading US LNG equipment providers, said that given the continued low oil prices, economic headwinds and weak orders the year would be challenging, though 2016 net sales in all divisions could still hit $1 billion.

One of only two US LNG export projects on the East Coast, the Dominion Cove Point venture on Chesapeake Bay in Maryland, is about one-quarter complete, according to the latest construction report filed with the US Federal energy Regulatory Commission.

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.