In this issue

 

Indian liquefied natural gas imports increased for a fourth month of the current fiscal year as volumes received rose more than 9 percent with supplies coming from countries such as…
LNG Journal editor Papua New Guinea said it would honour a natural gas agreement with French energy major Total signed with a previous government for the Oceania nation's liquefied natural…
Australian and Japanese energy companies along with US major ConocoPhillips have signed accords linked to legislation implemented by Australia for a treaty with the tiny southeast Asian nation of Timor-Leste…
Free ReadFranco-US company reports revenue surge and boosts orders for LNG and subsea LNG Journal editor TechnipFMC, the Franco-US energy engineering company, signalled a resurgence in energy investment as it posted…
LNG Journal editor French energy major Total said second-quarter adjusted net income dropped 19 percent to $2.88 billion from $3.55Bln in the same three months of 2018 in results offset…
Total plans to develop liquefied natural gas imports in the tiny West African nation of Benin, whose neighbour Nigeria is the world’s fifth-largest LNG exporter.
LNG Journal editor Chinese liquefied natural gas imports for June increased by 14.9 percent and the shipments for the first half put the country on track for another year of…
Free ReadVietnam has logged another natural gas discovery in the offshore Song Hong Basin in a prospect explored by Italian energy company Eni and Essar Oil of India as the Vietnamese…
Indian liquefied natural gas imports increased for a third month of the current fiscal year as the nation received more than 30 cargoes, with the main suppliers being the West…
LNG Journal editor Chart Industries, the maker of equipment for the liquefied natural gas and industrial gas industries, posted a rise in net income and revenues as it benefited from…
Free ReadLNG Journal editor Japanese utility Osaka Gas and the Japan Bank for International Cooperation (JBIC) have decided to invest in AGP International Holdings of Singapore to help expand the city-gas…
LNG Journal editor US Federal Energy Regulatory Commission Chairman Neil Chatterjee said the agency is creating a new division in its Office of Energy Projects to accommodate the growing number…
New Fortress Energy, the owner of LNG facilities in Florida and in Jamaica, is attempting to advance with developing an LNG export terminal on the Delaware River in New Jersey…
Australian company Liquefied Natural Gas Limited, developer of the US Magnolia LNG project in Louisiana and the Canadian Bear Head venture in Nova Scotia, has decided at a board meeting…

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.