In this issue

 

US LNG and energy engineering company McDermott International and Baker Hughes-GE have signed an accord with Western Gas Corp. in Western Australia for its Equus natural gas project to provide volumes for LNG production and the domestic market. 

LNG Journal editor

Tokyo Gas has confirmed the signing of an agreement with Philippines power company First Gen Corp. to jointly develop a liquefied natural gas import terminal hub project in Batangas province to meet the gas-fired power needs of the capital Manila and the surrounding region. 

Singapore LNG Corp., operator of the city-state’s import terminal on Jurong Island, said it was seeking non-binding expressions of interest for the use of a proposed fifth LNG storage tank. 

Japanese spot LNG delivered cargo prices surged to an average of $11.50 per million British thermal units in November, a rise of $4.40 per MMBtu compared with the price a year ago of $7.10 per MMBtu. 

LNG Journal editor

A European joint venture to promote LNG fuel for road transport, including companies such as Royal Dutch Shell and truck-makers Scania and Iveco, said it plans to expand the network of filling stations. 

Tellurian Inc., the US liquefied natural gas development company founded by former Cheniere Chief Executive Charif Souki, has signed a preliminary accord with Swiss-based international commodities firm Vitol to supply 1.5 million tonnes per annum of LNG cargoes for 15 years. 

LNG Journal editor

US LNG exports are expected to amount to 60 million tonnes per annum by the end of 2019, making the Americans the world’s third-largest exporters as more projects come on stream and are ramped up on the US Gulf Coast, including Cameron LNG in Louisiana and Freeport and Corpus Christi plants in Texas. 

LNG Journal editor

French energy major Total said it signed an agreement to sell 4 percent of its stake in the Australian Ichthys LNG export project in the Northern Territory for US$1.6 billion to operator Inpex Corp. of Japan. 

The Canadian National Energy Board said it was scheduling hearings over the next three months to consider a jurisdictional challenge of the approval of a pipeline needed to supply feed-gas to the LNG Canada project led by Royal Dutch Shell. 

Woodside, the operator of the North West Shelf and Pluto LNG export plant in Western Australia, has entered into a long-term domestic natural gas sales agreement with bauxite mining and aluminium company Alcoa Australia Ltd as Woodside expands its production activities. 

LNG Journal editor

Qatar Petroleum said it signed an agreement with US major ExxonMobil, its main partner in the Qatari Ras Laffan LNG production complex, to acquire a 10 percent participating interest in three exploration blocks offshore the southeast African nation of Mozambique, one of the newest LNG developers. 

ExxonMobil, whose main Australian LNG stake is in Gorgon LNG in Western Australia, said it was planning to increase its presence in the domestic market by developing the West Barracouta natural gas field in the Bass Strait between the southern Australian states of Victoria and Tasmania. 

CEO Steven Kean outlines his vision of Kinder Morgan benefits from LNG export boom

LNG Journal editor

US pipeline and storage company Kinder Morgan said it expected the first Train of its Elba Island LNG export plant near Savannah in Georgia to come on stream in the first quarter of 2019 while the company was also benefitting from the feed-gas needs at other liquefaction ventures. 

LNG Journal editor

Alaska Gasline Development Corp., the state-owned company developing the Alaska LNG project, is expected to sign a final joint development agreement with Chinese companies and banks by the end of the first quarter of 2019. 

News Nudges

BW purchases Epic Gas

BW Group, the Singapore-based shipping line with a fleet of 20 LNG carriers and liquefied petroleum gas vessels, has acquired majority control of Epic Gas, the owner of a fleet of small pressurized LPG carriers. Epic, also based in Singapore, has a fleet of 39 vessels ranging from 3,500 cubic metres capacity to 11,000 cubic metres capacity serving the short-haul and regional LPG and chemicals trade. “BW is pleased to acquire this shareholding in Epic Gas with its strong operational platform and quality fleet,” said Andreas Sohmen-Pao, Chairman of BW.


Swedish start for bunker ship

The 7,500 cubic metres capacity LNG bunkering vessel “Kairos” has conducted its first LNG supply operation for the newbuild ferry “Visborg” at the ferry pier of the port of Visby on the Swedish island of Gotland in the Baltic Sea. The “Kairos”, built at the Hyundai Mipo Dockyard in South Korea and delivered to Hamburg in Germany at the end of 2018, is owned by the joint venture company Babcock Schulte Energy.


Greek vessel charters

Tsakos Energy Navigation, the Greek shipping company, has agreed charters for its two LNG carriers. Tsakos said that it signed deals for the “Neo Energy” and the “Maria Energy” for an aggregate period of 36 months. The revenues are expected to be in the region of $60 million. “With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector,” said Chief Operating Office George Saroglou.