In this issue


LNG Journal editor

Flex LNG, the growing LNG shipping company listed on the Oslo bourse with shareholders including trusts connected to Norwegian shipping magnate John Fredriksen, is set to acquire five newbuilds at a cost of under $1 billion, partly financed with a private share placement. 

The Australian state of Victoria has delayed an LNG regasification project planned by AGL Energy to end energy shortages because the Labor-run government has ordered a full environmental assessment of the venture ahead of November elections. 

Kosmos Energy, the US exploration and production company based in Dallas, said it was making more progress on developing multiple African liquefied natural gas production hubs offshore Senegal and Mauritania with UK partner BP and an investment decision was due soon. 

LNG Journal editor

Lyse Group, the Norwegian company owned by 16 municipalities that first acquired waterfall rights one hundred years ago to help develop hydro-electric power stations, has sold its remaining 30 percent in Nordic LNG company Skangas to majority-owner Gasum of Finland. 

A review board in the Canadian province of Nova Scotia has cancelled a hearing on whether the Goldboro LNG export project being developed by Calgary, Alberta-based Pieridae Energy should consult with native North American First Nations. 

LNG Journal editor

The International Maritime Organization committee overseeing the sulfur cap for shipping from 2020 that is encouraging the change-over to LNG and alternative ship fuels with lower emissions is set to meet in London from October 22-26 to decide a final action programme. 

LNG Journal editor

Calor, one of the main providers in the UK of liquefied natural gas and liquefied petroleum gas at filling stations, will showcase its fuel offerings at an exhibition in London as it increases the availability of LNG across the country as part of a government-backed initiative for clean fuel use in British cities. 

Japanese spot LNG cargo prices last month on a contracted basis averaged $10.60 per million British thermal units, up 55 percent or $3.70 per MMBtu from September 2017, as the nation’s year-on-year fuel costs continued to rise on the higher oil price. 

Royal Dutch Shell has signed a further agreement with Russian natural gas company Gazprom to make progress on plans to build a liquefied natural gas export plant on the northwest Russian coast to supply global markets. 

LNG Journal editor

Abu Dhabi National Oil Company (ADNOC), the leading energy group in the United Arab Emirates and a long-standing LNG exporter with investment plans in downstream projects to boost natural gas production, has signed a deal to allow US energy services firm Baker Hughes-GE to acquire a stake in subsidiary ADNOC Drilling. 

Leading LNG exporter Qatar discussed its position in shale-gas development in Argentina as the Gulf state’s Emir Tamim Bin Hamad Al Thani completed a state visit to the South American nation when energy investments headed the agenda. 

State-run development company signs several agreements to underpin Chinese participation

LNG Journal editor

Alaska Gasline Development Corporation (AGDC), the state-owned company developing the Alaska LNG project, has signed additional agreements to underpin Chinese participation in the venture. 

LNG Journal editor

Royal Dutch Shell Chief Executive Ben van Beurden, has confirmed the final investment decision to take forward the LNG Canada export project in British Columbia to turn the huge surplus of Canadian natural gas into LNG and ship it to Asian nations. 

LNG Canada is moving forward thanks to the support of members of the native North American Haisla First Nation in the Kitimat region of British Columbia who overcame the posturing of the Canadian political elite who tried to lecture the native peoples about caring for the environment while denying them well-paid jobs and careers in the energy industry. 

News Nudges

Tenerife LNG bunkering

Dutch shipping line Anthony Veder said its small-scale LNG carrier, the 7,500 cubic metres capacity “Coral Methane”, has successfully carried out its first liquefied natural gas bunkering operation on the world’s first LNG-powered cruise ship at Santa Cruz de Tenerife in the Spanish Canary Islands. The “Coral Methane” fueled the “AIDAnova”, the newest ship from AIDA Cruises, which made history as the cruise industry’s first ship to be powered at sea and in port by LNG.

Crowley LNG success

Crowley Maritime Corp. said its new combination LNG-powered container-roll-on roll-off ship, the “Taino”, successfully completed its first voyage to Puerto Rico after receiving fuel for the first time at the Eagle LNG bunkering station in the Florida port of Jacksonville and departing on January 8. “The successful transit puts a historic capstone on the company’s Commitment Class modernization project and begins a new era of world-class supply chain services between the island commonwealth, the US mainland and the Caribbean Basin,” said Crowley.

LNG cargoes for China

The 148,300 cubic metres capacity carrier “LNG Ondo” will deliver a cargo on January 24 to the Qidong terminal in Jiangsu province from the Nigeria LNG plant on Bonny Island. The 170,050 cubic metres capacity carrier “Hoegh Giant” is scheduled to arrive on January 25 at the Chinese port of Tianjin with a cargo from the US Sabine Pass plant in Louisiana. The 266,000 cubic metres capacity Q-Max carrier “Al Dafna” will deliver a cargo on January 25 to PetroChina’s Tangshan terminal in northeast Hebei province from Ras Laffan in Qatar.