LNG

LNG Journal editor

Thailand’s national energy company, PTT Exploration and Production Public Co, said it would speed up its final investment decision process for its stake in the Mozambique LNG project as it posted annual net profits of 36,202 Thai baht ($1.120 billion), a jump of almost 90 percent on its earnings in the previous year because of higher sales volumes and price. 

LNG Journal editor

GasLog Partners, the US-listed affiliate of Monaco-based GasLog Limited, said spot charter rates were currently at around $69,000 per day for tri-fuel, diesel-electric vessels as it reported lower fourth-quarter revenue and a 37 percent drop in profits attributed to derivatives losses, the expiry of charters and higher expenses in operating the 14 LNG carriers in its fleet portfolio. 

The Government of Cyprus has now set a tender deadline of March 29 for a floating LNG import terminal and associated facilities. 

Containerships, the Finnish shipping line and part of the French CMA CGM Group, said its first LNG-powered vessel, “Containerships Nord”, successfully underwent its first marine LNG bunkering at the Dutch Port of Rotterdam. 

LNG Journal editor

Wison Offshore and Marine, the Chinese shipbuilding company and builder of the first floating LNG production barge set to be deployed in Argentina, has received approval from the American Bureau of Shipping for its latest Floating Natural Gas-to-Methanol facility, recalling previous methanol and LNG plans for the Tassie Shoal offshore Australia. 

Air Products, the LNG equipment maker and process provider with a growing industrial gases business in China, posted higher quarterly net income as revenue was again more than $2.2 billion. 

Oil Search has a base in Port Moresby and is listed on the Australian Securities Exchange

LNG Journal editor

The Papua New Guinea government and the owners of the licences for feed-gas to enable liquefied natural gas expansion in the Oceania nation are expected to give the go-ahead for the joint venture by the end of March.

LNG Journal editor

Doris Engineering, the French energy contracts company with global operations, said it was awarded an advisory contract by the Senegalese Ministry of Petroleum for developments offshore the West African nation, including a BP-run floating LNG project and an exploration and production venture operated by Australian LNG producer Woodside. 

Mexico is cancelling a tender for a liquefied natural gas floating storage and regasification unit originally proposed for the Port of Pajaritos to alleviate gas shortages in the southern Gulf of Mexico state of Veracruz. 

LNG Journal editor

Santos, the Australian operator of the Gladstone liquefied natural gas plant in Queensland and a stakeholder in export plants in Darwin and Papua New Guinea, posted record quarterly LNG revenue as its annual income from the fuel jumped more than 23 percent and a total of 232 cargoes departed from the three facilities.