In this issue

 

Free ReadMcDermott International, the US energy and engineering company, said it had received approval for a comprehensive restructuring plan supported by more than two-thirds of all its funded debt creditors. The…
Baker Hughes Company, the oil and gas services and equipment provider, posted lower fourth-quarter profits while pushing ahead with the provision of liquefaction plant equipment, winning a major order for…
LNG Journal editor China Merchants Energy Shipping (CMES), the energy ship operator of the Hong Kong-based China Merchants Group, said it planned to acquire stakes in LNG vessels dedicated to…
Free ReadMSC Cruises, the Swiss-based cruise ship operator, said it signed an agreement with French shipyard Chantiers de l’Atlantique for its third and fourth LNG-powered vessels. The contract with MSC Cruises…
Market liberalization finally took place in Malaysia as well as in Thailand LNG Journal editor Increasing and new liquefied natural gas production from US and Australian liquefaction and export plants…
LNG Journal editor Noble Energy, the US exploration and production company, has explained the solid progress made by the Leviathan Eastern Mediterranean natural gas field offshore Israel since it was…
Gastrade, a Greek utility company and developer of the Alexandroupolis floating LNG terminal, has launched the second phase of a market test for the project to gauge demand in Greece…
Free ReadLNG Journal editor Pavilion Energy, the Singapore LNG and natural gas market participant, has completed the transaction to acquire portfolio of LNG and gas assets of Spanish utility Iberdrola as…
A total of 16 US states, including New York, California and Maryland are opposing proposals to transport liquefied natural gas by railcars because of what they see as the risk…
Exmar, the Belgian shipping company with more than 40 vessels in its fleet now mostly focused on the liquefied petroleum gas business, has made executive changes as it tries to…
Free ReadLNG Journal editor Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, transported 106.99 billion cubic metres of gas through the pipeline systems from…
Gazoduq Inc., the Québec natural gas pipeline developer, has completed the solicitation process for non-binding expressions of interest for transportation services on its proposed 780-kilometre underground natural gas line leading…
LNG Journal editor US LNG and industrial gases company Air Products said it had made its largest investment in the United States amounting to $500 million following other recent contract…
LNG Journal editor China National Offshore Oil Corp., the owner of nine Chinese LNG import terminals and multiple oil and gas stakes, has outlined its business strategy and development plan…

News Nudges

Greek LNG progress

Greek LNG developer Gastrade said the binding phase of a market test for reservation of capacity at the floating LNG terminal proposed for offshore Alexandroupolis in northeastern Greece was successfully completed. “With an aggregate long-term profile of binding offers for up to 15 years, reaching 2.6 billion cubic metres per year, Greek and international natural gas companies, as well as end-consumers, confirmed their interest in the reservation of regasification capacity at the FSRU terminal,” said Gastrade.


Chinese natural gas

Chinese January-February domestic natural gas production rose 8 percent to 31.4 billion cubic metres with an average daily output of 520 million cubic metres, according to data from the National Bureau of Statistics. Imports of pipeline natural gas and LNG together reached 17.80 million tonnes compared with 17.36MT in Jan-Feb 2019, up 2.6 percent year on year. Domestic crude oil output rose 3.7 percent year on year to 32MT from January to February, while imports increased 5.2 percent from a year earlier to 86.09MT.


Finnish China order

WE Tech Solutions of Finland, the shipping consultancy and equipment provider offering energy efficiency designs, has received a repeat order from Jiangnan Shipyard Group Co. in China to deliver its “Solution Four” package for efficient power distribution for the third new battery and LNG-powered Pure Car Truck Carrier (PCTC) ordered by United European Car Carriers (UECC).