In this issue

 

Free ReadLNG Journal editor Papua New Guinea has named former Finance Minister James Marape as the nation’s new Prime Minister after a week-long crisis that has raised concerns about the timetable…
LNG Journal editor Qatar Petroleum has awarded the front-end engineering and design contract for the North Field expansion project's offshore pipelines and topsides facilities to liquefy and export an additional…
LNG Journal editor OLT Offshore LNG Toscana, the Italian LNG import facility on the Mediterranean coast, said German utility Uniper has sold its stake in the terminal company to global…
Free ReadAustralian Industrial Energy and two Japanese partners building the first Australian liquefied natural gas import terminal at Port Kembla to bring in shipments of LNG for the state of New…
Chinese liquefied natural gas imports increased last month by almost 34 percent compared with the same month of 2018 amid a slump in spot cargo prices and overall demand.
LNG Journal editor The head of Royal Dutch Shell in Australia told the nation’s main energy conference that in the wake of the election result, which saw the conservative coalition…
Australian LNG plant operator Santos said it would embark on a battery project for the Darwin LNG plant in the Northern Territory to reduce carbon emissions by 20 percent from…
Free ReadHoegh LNG, the Norwegian LNG fleet owner and project developer, posted lower profits and higher revenues in the first quarter as it expects four new regasification ventures, two of them…
The Teekay General Partners board overseeing Teekay LNG Partners and its fleet of almost 50 LNG carriers, has overhauled its board of directors to help tackle the evolving strategies in…
Woodfibre LNG plans by Singapore-based group lead to acquisition deal for Calgary E&P company LNG Journal editor Pacific Oil & Gas, the Asian-based developer of the Canadian Woodfibre LNG export project in British…
Free ReadLNG Journal editor JGC Corp., the Japanese energy and LNG engineering company, improved its liquefied natural gas backlog as it planned a corporate overhaul to be more agile in pursuing…
Chiyoda Corp., one of the leading Japanese LNG engineering companies, has named Kazushi Okawa as its new Chairman and Chief Executive to lead turnaround efforts after it suffered large losses…
LNG Journal editor Mitsubishi Shipbuilding of Japan has held a naming ceremony for the fifth of a series of five liquefied natural gas carriers constructed for Japanese companies to ship…
Free ReadKnud E. Hansen, the Danish maritime engineering and construction consultancy, has designed the first generation of LNG-powered and ultra-large Roll-On-Roll-Off (RoRo) cargo vessels to be built in China for the…

News Nudges

Pemex adds to gas projects

Mexican state energy company Petróleos Mexicanos (Pemex) is seeking a 2020 budget of 523,425 billion pesos ($27 billion), an almost 9 percent increase from the amount approved by the government for 2019. Pemex is focusing on brings natural gas fields on stream to reduce the medium-term financial burden of LNG and pipeline natural gas imports and about half of the 2020 budget will go on exploration and production. The onshore Ixachi natural gas and condensate project in Veracruz state is one of the fields being targeted as the nation’s third-largest upstream project. Pemex plans to drill 47 wells at Ixachi, where natural gas output is expected to reach more than 635 million cubic feet per day. Ixachi is one of 20 fields with accelerating development plans as Pemex seeks to reverse more than 10 years of declining oil and natural gas output.


OLT Offshore on track

OLT Offshore LNG Toscana’s terminal offshore the west coast of Italy will work at 100 percent of its capacity with 41 slots being used for the Gas Year 2019-2020 with the total allocated capacity amounting to 6.3 million cubic metres. “This confirms the effectiveness of the new allocation capacity mechanism via auctions introduced in 2018, which makes the regasification sector more flexible and in line with market demands, both for the spot market and the long-term and medium-term ones,” said OLT Offshore. The “FSRU Toscana” offshore the port of Livorno will also be increasing the small-scale services available once modifications are completed. Small-scale commercial activities are expected to begin in 2021, allowing slots for small carriers to deliver LNG into storage under construction at regional ports for services such as the provision of trucking fuel and bunkering.


GTT storage tank orders

French LNG storage tanks technology company Gaztransport & Technigaz (GTT) said it received two separate orders from the South Korean shipyard Hyundai Heavy Industries on behalf of two Greek shipping lines, Tsakos Energy Navigation and Capital Gas Carriers. Both vessels will have storage capacity of 174,000 cubic metres. “GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system,” said the Paris-based company. “The delivery of the ships is planned during the fourth quarter of 2021,” added GT.