In this issue

 

LNG Journal editor

LNG Canada, the export project led by Royal Dutch Shell and four Asian partners in the West Coast province of British Columbia, said it had approved more than US$770 million in contracts and subcontracts and expected to employ around 10,000 Canadian workers as activities develop. 

Steelhead LNG, developer of the near-shore export plant proposed for Vancouver Island, is currently investigating the pipeline route to bring feed-gas from the Chetwynd area of northeast British Columbia to Sarita Bay on First Nation-owned land. 

LNG Journal editor

Japanese liquefied natural gas imports declined by 0.9 percent in 2018 as coal and nuclear provided more competition for power generation, though the costs of the LNG shipments soared by more than 20 percent and a fall in Asian shipments was partially offset by a rise in Middle East cargoes. 

Mitsui, the Japanese trading house and liquefied natural gas market participant, has held talks with Gazprom on progress made in two Russian plans to expand LNG output, on the existing Sakhalin Island plant in the Far East and at a planned facility west of Saint Petersburg. 

Perth-based company posts 40 percent jump in LNG sales revenue to US$3.76 billion

LNG Journal editor

Woodside Petroleum, the operator of the North West Shelf and Pluto liquefied natural gas plants in Western Australia and a stakeholder in the state’s newest Wheatstone facility, posted a more than 40 percent jump in LNG sales revenue in 2018 to US$3.76 billion on increased demand from Asian customers and higher prices. 

LNG Journal editor

Woodside Petroleum, the operator of the North West Shelf and Pluto LNG export plants in Western Australia, has awarded four contracts for front-end engineering and design activities for the proposed Scarborough natural gas project to underpin expansion at the Pluto facility on the Burrup Peninsula. 

LNG Canada, the Royal Dutch Shell-led export joint venture in British Columbia, said Shell was pressing ahead while recognizing that it was likely not possible to get unanimous support for a major infrastructure venture project in the Canadian province. 

LNG Journal editor

The United Arab Emirates, the LNG producer that is expanding its natural gas and oil exploration in Abu Dhabi, has signed two concession agreements with Italian energy company Eni and its joint venture partner from Thailand, PTT Exploration and Production Company. 

Ophir Energy, the UK company that lost its Equatorial Guinea licence in West Africa and the potential Fortuna floating liquefied natural gas project, is still holding out hope of securing revenue from its stake in an onshore LNG export project in the East African nation of Tanzania. 

BP of the UK and Italian energy company Eni signed a heads of agreement with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in the Arabian Peninsula nation where BP’s onshore Khazzan natural gas discovery revitalized LNG production. 

LNG Journal editor

Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, transported 114.2 billion cubic metres of gas during 2018 from the Norwegian Continental Shelf to mainland Europe and the UK. 

Gasum, the natural gas network owner in Finland and an LNG distributor and regasification terminal operator through its subsidiary Skangas, has sold its technical unit to the Finnish Viafin Service Group. 

LNG Journal editor

Sea-LNG, a global coalition of energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel, said it had appointed representatives of French bank and project financier Societe Generale and the Maritime and Port Authority of Singapore to replenish its 12-strong board. 

LNG Journal editor

The liquefied natural gas hub and terminal project planned by Greek company Gastrade for the port of Alexandroupolis to serve the Balkans has revised its invitation for expressions of interest as the delivery of the floating storage and regasification unit will take six months longer than originally scheduled. 

News Nudges

BW purchases Epic Gas

BW Group, the Singapore-based shipping line with a fleet of 20 LNG carriers and liquefied petroleum gas vessels, has acquired majority control of Epic Gas, the owner of a fleet of small pressurized LPG carriers. Epic, also based in Singapore, has a fleet of 39 vessels ranging from 3,500 cubic metres capacity to 11,000 cubic metres capacity serving the short-haul and regional LPG and chemicals trade. “BW is pleased to acquire this shareholding in Epic Gas with its strong operational platform and quality fleet,” said Andreas Sohmen-Pao, Chairman of BW.


Swedish start for bunker ship

The 7,500 cubic metres capacity LNG bunkering vessel “Kairos” has conducted its first LNG supply operation for the newbuild ferry “Visborg” at the ferry pier of the port of Visby on the Swedish island of Gotland in the Baltic Sea. The “Kairos”, built at the Hyundai Mipo Dockyard in South Korea and delivered to Hamburg in Germany at the end of 2018, is owned by the joint venture company Babcock Schulte Energy.


Greek vessel charters

Tsakos Energy Navigation, the Greek shipping company, has agreed charters for its two LNG carriers. Tsakos said that it signed deals for the “Neo Energy” and the “Maria Energy” for an aggregate period of 36 months. The revenues are expected to be in the region of $60 million. “With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector,” said Chief Operating Office George Saroglou.