In this issue

 

LNG Journal editor Novatek, the Russian natural company and owner of the Yamal LNG export plant in northern Siberia, has formally ended its re-loading activities offshore the Norwegian port of…
LNG Journal editor Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making more progress on its Indonesian and Philippines ventures, including the Sengkang LNG…
Free ReadSpot liquefied natural gas cargoes delivered to Japan last month cost $2.20 per million British thermal units more than in the previous month even as market prices were much lower…
Murphy Oil, the US company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, said it completed the sale of its Malaysian assets…
LNG Journal editor Lloyd's Register, the UK maritime classification society, has signed an agreement with a group of six Chinese companies to design and develop an LNG carrier with membrane-type…
South Korean shipyards are the builders of choice for the global liquefied natural gas carrier market with a share of over 80 percent of newbuilds, though executives regret that the…
Free ReadUS regulators have issued environmental  impact statement as a draft for public comment LNG Journal editor The US Federal Energy Regulatory Commission has issued the draft environmental impact statement on…
LNG Journal editor The Asian shipbuilding industry is heading for even tighter competition for orders to build vessels such as LNG carriers, oil tankers and container ships as two of…
Sea-LNG, a global coalition of energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel, has signed up its first US port as a…
LNG Journal editor Woodfibre LNG, the small-scale Canadian export project planned for near Squamish in British Columbia, has been granted a permit by the provincial authorities to proceed with construction.
Free ReadVenture Global, the US liquefied natural gas developer pursuing three projects in the state of Louisiana, has now raised a total of $2.8 billion in financing and much more will…
TC Energy Corp., the Canada-based North American pipeline and infrastructure company, has agreed to sell US shale basin midstream assets held by its subsidiary Columbia Midstream Group for US$1.27 billion…
LNG Journal editor TechnipFMC, the Franco-US energy engineering company, said it was awarded a significant subsea contract by Reliance Industries of India for the development of a large natural gas…
Free ReadJGC Corp. of Japan, one of the leading global energy engineering companies with successful project completions such as Ichthys LNG in Australia and the Russian Yamal venture, has named its…

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.