In this issue

 

Free ReadPieridae Energy, the developer of the Goldboro LNG project in the Canadian Atlantic province of Nova Scotia, said it had negotiated extensions of the key deadlines under its 20-year supply…
LNG Journal editor FortisBC, the Canadian utility in the province of British Columbia, said it entered into its first supply agreement to produce liquefied natural gas from its small-scale plant…
US pipeline company Kinder Morgan and its equity fund partners have received approval to construct the Gulf LNG export project proposed at the site of the existing import terminal at…
Free ReadJGC Corp. of Japan has been awarded an engineering contract in the Sultanate of Oman by French major Total for what will be the world’s first liquefied natural gas production…
LNG Journal editor Australian Asia-Pacific liquefied natural gas market participant Santos said its average LNG price realized in the second quarter was US$9.09 per million British thermal units as 57…
LNG Journal editor BHP, the Australian commodities and energy company whose assets include a stake in the North West shelf liquefied natural gas export plant in Western Australia, has issued…
LNG Journal editor Japanese company Toyo Engineering said it was awarded a contract to construct a liquefied natural gas import terminal near Kodinar, north of Mumbai, and set to be…
Free ReadMubadala Petroleum, the exploration and production company owned by the emirate of Abu Dhabi in the United Arab Emirates, has signed an agreement to sell Premier Oil of the UK…
Japanese liquefied natural gas imports dropped for the seventh month out of the past eight as the nation received fewer cargoes from traditional suppliers in the Middle East and Asia,…
LNG Journal editor The American Bureau of Shipping, the US maritime classification society, and Japanese shipping company Mitsui OSK Lines have signed an accord to collaborate on up to 14…
Free ReadSea-LNG, a global coalition of energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel, has put the economics case for newbuild Pure Car…
The platform allows participating firms to key in their bids and offers for all to seeLNG Journal editor Intercontinental Exchange Inc. a leading operator of global exchanges and clearing houses,…
LNG Journal editor French energy major Total and Tellurian Inc. of the US have signed definitive agreements for $500 million of investments in the US Driftwood LNG export plant and…
Free ReadThe United States said natural gas production will average a record 91.3 billion cubic feet per day in 2019, up 8.0 Bcf per day from the previous record in 2018,…

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.