In this issue

 

Swiss company Burckhardt Compression, whose LNG offerings include the Laby brand of compressors and boil-off gas solutions, has completed the acquisition of a global compressor business from The Japan Steel…
Free ReadLNG Journal editor PTTEP of Thailand, the oil and gas producer, may be able to market its largest ever natural gas discovery made last year offshore Malaysia to the Bintulu…
LNG Journal editor Enagás, the Spanish natural gas operator and LNG terminal owner, reported an almost 15 percent rise in net profits as it enacted special working measures to keep…
IEnova, the Sempra Energy Mexico-based subsidiary developing the Costa Azul LNG export plant on the Pacific Coast, boosted its first-quarter earnings with revenues from the South Texas-Tuxpan natural gas pipeline.
Free ReadSK E&S, a leading South Korean LNG operator and utility company, has sold its entire stake in a Chinese private natural gas company to improve its own finances amid the…
LNG Journal editor Sea-LNG, a global coalition led by energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel, has signed up a Port…
Swiss-Swedish company ABB said it was chosen to provide the electric propulsion and power distribution package for Southeast Asia’s first liquefied natural gas hybrid tug ordered to operate in the…
Free ReadFull impact of oil slump and coronavirus will likely be seen more in the second-quarter earnings LNG Journal editor Royal Dutch Shell has revised its first-quarter earnings outlook for 2020…
LNG Journal editor Ohgishima City Gas Supply Co., a joint venture between Japan’s main LNG importers, has begun commercial operations of a city-gas production and supply facility with a calorific…
A large proportion of LNG shipping companies have been attracted in recent years to borrowing on the Norwegian bond market and some will be looking for extensions in the current…
LNG Journal editor Dominion Energy has closed its acquisition of Pivotal LNG from the utility, Southern Company, to enter the small-scale market for deliveries by containers, trucks and to be…
Free ReadWoodside, the Australian LNG export plant operator, has received a regulatory permit for the Scarborough gas field development offshore Western Australia, even as the final investment decision has been deferred…
Höegh LNG, the Norwegian project company and fleet owner, has applied for an infrastructure ownership, operations and development licence for a joint venture at the port of Vasilikos on the…
LNG Journal editor Wood Mackenzie, the UK-based energy consultants, said the while the collapse of LNG prices towards US production break-evens was foreseeable, the narrative for the rest of 2020…

News Nudges

Algeria gas hand-over

Sonatrach, the Algerian state energy company and operator of two LNG export plants on the North African coast, signed its acceptance of the Touat gas project in southwest Algeria being passed to Groupement Touat Gaz (GTG), a joint venture between Sonatrach and Neptune Energy of the UK. Operation of the facility had previously been in the hands of the project contractor, Spain’s Técnicas Reunidas, since the first gas was sent into the Algerian domestic gas pipeline network in September 2019.


Brunei LNG contract

Brunei LNG has awarded a 10-year contract to local company SPHI Marine to supply three tugboats and one anchor-handling tug to support shipping operations at the Lumut facility. SPHI said the contract included a five-year extension option. The Brunei-owned and flagged vessels will replace the tugs of Dutch firm Kotug, which are currently servicing the LNG plant.


Korea energy orders fall

South Korean shipyards are expecting new firm LNG carrier orders after Qatar booked construction berths, but no new orders have been received in 2020 for oil and gas platforms or offshore facilities, reflecting the depressed state of the energy market. Hyundai Heavy Industries has received no orders for offshore facilities since October 2018 when it signed a $450 million deal with a US oil developer LLOG Exploration to build a floating production system, according to the latest data.