In this issue

 

Free ReadThird Louisiana plant for Venture Global LNG will be constructed in Plaquemines Parish LNG Journal editor Venture Global, the US LNG project developer with two export plants proposed for Louisiana,…
LNG Journal editor The Commonwealth LNG project in the US, a liquefaction and exports plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana,…
Oil Search, the Australian-based oil and gas producer based in the Papua New Guinea capital Port Moresby, said it was confident about the future of PNG LNG and its expansion…
LNG Journal editor Australian LNG plant operator Woodside said its Pluto LNG plant maintenance was completed as planned, though technical issues mean the single-Train facility would remain offline until the…
Free ReadJapanese spot liquefied natural gas cargoes contracted last month cost an average of $5.40 per million British thermal units, which was $2.80 per MMBtu less than in May 2018 amid…
Chart Industries, the US LNG and industrial gases equipment provider, has finalized its strategic financing, including a share offering, for its pending acquisition of Harsco Corp.’s Industrial Air-X-Changers business.
LNG Journal editor Royal Dutch Shell has exported its long-awaited first LNG cargo on the 173,400 cubic metres capacity carrier “Valencia Knutsen” from its massive Prelude floating LNG plant off…
Free ReadLNG Journal editor Trafigura, the international commodities group, reported an almost doubling of six-month profits as its LNG, crude oil and gasoline trading desks were the stand-out contributors. Trafigura, led…
LNG Journal editor Lloyd’s Register, the UK maritime classification society, has awarded South Korean shipbuilder Samsung Heavy Industries, with approval in principle for a very large crude carrier (VLCC) powered…
Exmar, the Belgian shipping line and owner of the “Tango FLNG” hull chartered to Argentina, said the production vessel has now been fully commissioned after the loading and shipping of…
Free ReadKawasaki Heavy Industries of Japan has made more progress with development of a floating, gas-fired power plant to operate with LNG deliveries and aimed at Southeast Asia with its many…
LNG Journal editor Polish Oil and Gas Company has signed an agreement with US liquefied natural gas development company Venture Global to buy 1.5 million tonnes per annum of additional…
The Government of Cyprus has extended a tender deadline to September for the supply of cargoes for a floating liquefied natural gas import terminal and associated facilities currently under development.
LNG Journal editor Sovcomflot Group, the Russian fleet owner, said it signed an agreement with ship fuel provider, Gazprom Neft Marine Bunker, to cooperate on bunkering operations for ships powered…

News Nudges

Pemex adds to gas projects

Mexican state energy company Petróleos Mexicanos (Pemex) is seeking a 2020 budget of 523,425 billion pesos ($27 billion), an almost 9 percent increase from the amount approved by the government for 2019. Pemex is focusing on brings natural gas fields on stream to reduce the medium-term financial burden of LNG and pipeline natural gas imports and about half of the 2020 budget will go on exploration and production. The onshore Ixachi natural gas and condensate project in Veracruz state is one of the fields being targeted as the nation’s third-largest upstream project. Pemex plans to drill 47 wells at Ixachi, where natural gas output is expected to reach more than 635 million cubic feet per day. Ixachi is one of 20 fields with accelerating development plans as Pemex seeks to reverse more than 10 years of declining oil and natural gas output.


OLT Offshore on track

OLT Offshore LNG Toscana’s terminal offshore the west coast of Italy will work at 100 percent of its capacity with 41 slots being used for the Gas Year 2019-2020 with the total allocated capacity amounting to 6.3 million cubic metres. “This confirms the effectiveness of the new allocation capacity mechanism via auctions introduced in 2018, which makes the regasification sector more flexible and in line with market demands, both for the spot market and the long-term and medium-term ones,” said OLT Offshore. The “FSRU Toscana” offshore the port of Livorno will also be increasing the small-scale services available once modifications are completed. Small-scale commercial activities are expected to begin in 2021, allowing slots for small carriers to deliver LNG into storage under construction at regional ports for services such as the provision of trucking fuel and bunkering.


GTT storage tank orders

French LNG storage tanks technology company Gaztransport & Technigaz (GTT) said it received two separate orders from the South Korean shipyard Hyundai Heavy Industries on behalf of two Greek shipping lines, Tsakos Energy Navigation and Capital Gas Carriers. Both vessels will have storage capacity of 174,000 cubic metres. “GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system,” said the Paris-based company. “The delivery of the ships is planned during the fourth quarter of 2021,” added GT.