In this issue

 

The Rio Grande LNG export project being built by NextDecade Corp. on a 980-acre site in the Port of Brownsville in Texas has extended the validity dates to July 2020…
Free ReadLNG Journal editor Origin Energy, a shareholder in the Australia-Pacific LNG plant in Queensland with ConocoPhillips and China’s Sinopec, said the first review of the Chinese company’s long-term cargo contract…
Royal Dutch Shell reported that first-quarter profits had almost halved from a year ago, but the natural gas and LNG division still managed to maintain stable earnings as sales increased.
The US Calcasieu Pass liquefied natural gas export plant being developed in Louisiana by Venture Global has reached a construction landmark by having the roof raised on the first LNG…
Free ReadLNG Journal editor Mitsui OSK Lines, with an operating fleet of over 90 liquefied natural gas carriers, said the LNG division had a year-on-year increase in profits, reflecting stable earnings…
LNG Journal editor Cosco Shipping Energy Transportation Co., China’s largest LNG shipping business and the world’s biggest operator of oil tankers, has outlined its future strategy and its fleet management…
LNG Journal editor UK major BP confirmed its commitment to completing the sale of its Alaska business to Hilcorp Energy of the US for the original price of $5.6 billion…
Liqvis GmbH, the liquefied natural gas fuel subsidiary of German utility Uniper, has opened its second LNG filling station near the city of Kassel on the A7 motorway and another…
Free ReadItalian energy company Eni, a prominent LNG sector participant, took a hit of more than US$3 billion in the first quarter as it wrote down asset values and took one-time…
LNG Journal editor PetroChina, the Hong Kong-listed arm of China National Petroleum Corp. and with LNG project stakes in Mozambique and Canada, has swung to a first-quarter loss because of…
China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refiners and which has been seeking to increase US LNG volumes to match its Australian supplies, reported…
Qatargas fleet expansion plans starts with berths at Hudong-Zhonghua booked for newbuilds LNG Journal editor Qatar Petroleum has entered into an agreement worth more than $3 billion to reserve LNG…
Free ReadLNG Journal editor Japan has only two weeks of LNG reserves in storage as the nation entered a state of emergency a week ago because of the coronavirus and this…
Japanese liquefied natural gas imports declined again last month while prices were 13.5 percent lower than a year ago as Australian cargoes increased and Middle East shipments fell.

News Nudges

Algeria gas hand-over

Sonatrach, the Algerian state energy company and operator of two LNG export plants on the North African coast, signed its acceptance of the Touat gas project in southwest Algeria being passed to Groupement Touat Gaz (GTG), a joint venture between Sonatrach and Neptune Energy of the UK. Operation of the facility had previously been in the hands of the project contractor, Spain’s Técnicas Reunidas, since the first gas was sent into the Algerian domestic gas pipeline network in September 2019.


Brunei LNG contract

Brunei LNG has awarded a 10-year contract to local company SPHI Marine to supply three tugboats and one anchor-handling tug to support shipping operations at the Lumut facility. SPHI said the contract included a five-year extension option. The Brunei-owned and flagged vessels will replace the tugs of Dutch firm Kotug, which are currently servicing the LNG plant.


Korea energy orders fall

South Korean shipyards are expecting new firm LNG carrier orders after Qatar booked construction berths, but no new orders have been received in 2020 for oil and gas platforms or offshore facilities, reflecting the depressed state of the energy market. Hyundai Heavy Industries has received no orders for offshore facilities since October 2018 when it signed a $450 million deal with a US oil developer LLOG Exploration to build a floating production system, according to the latest data.