In this issue

 

The French Atlantic Coast Montoir-de-Bretagne LNG import terminal said its call for capacity subscriptions currently ongoing will enter its final binding phase in October 2019.
Free ReadLNG Journal editor Royal Vopak, the Dutch global storage and terminals company and co-owner of the Gate liquefied natural gas import facility in Rotterdam, has purchased a stake in the…
Woodside Petroleum, a shareholder in the Kitimat LNG export project in the Canadian province of British Columbia with US major Chevron Corp., said at a conference in Abu Dhabi that…
LNG Journal editor Australian company Western Gas said its Equus project in Western Australia was on track for first gas in 2024 following the completion of the upstream and LNG…
Free ReadThe liquefied natural gas fuel filling station network in the Nordic countries is growing with Finnish energy company Gasum opening its third station in Sweden and with plans to enter…
LNG Journal editor Brittany Ferries, the French line that links the UK with Spain and France, has celebrated the launch of its cruise-ferry “Galicia” and the start of work on…
US LNG derivative is introduced as volumes continue to increase along the Gulf Coast LNG Journal editor Global commodities exchange operator CME Group said it would launch a futures contract…
Free ReadLNG Journal editor Russian natural gas company Novatek and its partners in the Arctic LNG project on the Gydan Peninsula have decided to go ahead with the joint venture with…
TechnipFMC, the Franco-US energy and LNG engineering company, said it had decided to spin off its European-based engineering and construction operations into a separate business, leaving the Houston-based half of…
Free ReadLNG Journal editor Sovcomflot, the Russian shipping line with 16 LNG carriers and an overall fleet of 142 vessels, said one of its LNG-powered Aframax crude oil tankers successfully completed…
Norway-based company Cryo Shipping said it was accelerating its development of liquefied natural gas as a marine fuel by offering more varied services, including LNG on a spot basis.
Free ReadMitsubishi Heavy Industries has held a naming ceremony for its latest liquefied natural gas carrier newbuild ordered by Japanese trading house Mitsui & Co. to deliver shipments to Japan from…
LNG Journal editor Freeport LNG in Texas is shipping its first cargo to the Middle East in a move underscoring the benefits of the US shale boom that has boosted…
LNG Journal editor Sempra Energy, the California-based utility and owner of the Cameron LNG export plant in Louisiana, said its Mexican subsidiary had reached agreement with the regulators in Mexico…

News Nudges

Burckhardt profits jump

Swiss company Burckhardt Compression, whose LNG offerings include its Laby brand of compressors and boil-off gas solutions, reported high order intake and sales for the first half and with operating profit and net profit both sharply higher year-on-year. Fiscal first-half operating income from April to September almost tripled to 16.65 million Swiss francs ($16.83M) compared with 5.62M francs in the same six months of 2018. Net income rose almost four-fold to 11.75M francs from 2.28M francs in the year-ago period.


GTT accord in China

French LNG storage tank technology company GTT and the major state-owned company Beijing Enterprises Group (BEG) have signed an accord concerning the evaluation of containment technology for onshore storage tanks, through its subsidiary Beijing Gas Group Co. The signing took place during the visit to Beijing of French President Emmanuel Macron for talks with Chinese President Xi Jinping.


NextDecade cuts losses

NextDecade Corp., the developer of the Rio Grande LNG export project in the Port of Brownsville, narrowed its third-quarter net losses to $6.36 million from $10.9M in the year ago quarter as it reduced operating expenses. Nine-month losses amounted to $30.13M versus $30.63M in the same period of 2018. The Nasdaq-listed company is also pursuing an associated 137-mile Rio Bravo pipeline in south Texas to supply feed-gas and it also has the option to develop a second export plant called the Galveston Bay project on a 994-acre site secured near Texas City.