In this issue

 

Our North America editor

Anadarko Petroleum, one of the developers of the main liquefied natural gas project of Mozambique, posted fourth-quarter and annual losses of $1.25 billion and $6.69Bln respectively as the oil downturn hit hard, though still remained upbeat about the southeast African nation's LNG venture.

Oregon LNG, one of only two export projects in the US Northwest, has been informed by regulators of a five-month delay in releasing the final environmental impact statement.

Our Asia editor

Gas Authority of India (GAIL), the transmission company and LNG importer, has won a supreme court ruling in New Delhi to resume pipeline construction to revive the Kochi LNG terminal in the state of Kerala that has been hindered by a lack of inter-connections.

Italian engineering and construction company Saipem said it expected to appeal a guilty verdict and a fine imposed by a court in Algeria for alleged irregularities in its winning of a $1.5 billion pipeline contract to bring feed-gas to the Skikda LNG plant on the Mediterranean coast.

Mitsubishi Corp. of Japan has completed the transaction to take over the whole of US natural gas and oil marketing company Cima Energy to strengthen its position in liquefied natural gas projects in North America at a time when other companies are cutting back.

French energy company Total has moved ahead in placing cargoes from its growing global portfolio with two new agreements with Indonesia and China.

Air Products, the world's leading supplier of liquefied natural gas process technology and equipment, has weathered the energy storm well by reporting quarterly net income of $387 million, an increase of 15 percent, as it cut costs and raised prices.

Our Europe editor

Exmar, the Belgian LNG shipping company and project developer, expects delivery of its Floating LNG production hull from its Chinese shipyard in the second quarter and is seeking alternative employment for the vessel after the original Caribbean venture was cancelled.

GasLog Partners, the US unit of the Greek-controlled liquefied natural gas carrier company, said the LNG shipping sector was set to benefit from delivering greater volumes from new projects, the imminent additional traffic from the US and the restart of the Angola plant in southwest Africa.

Western Europe's leading classification society DNV GL and the Russian Maritime Register of Shipping signed a cooperation agreement in St. Petersburg covering the Polar Code, including the transport of liquefied natural gas and other fuels and the development of gas-fuelled ships.

Danish shipping company Evergas said it took delivery of its fourth 27,500 cubic metres capacity multigas LNG carrier it ordered under a construction programme in China.

Our Asia-Pacific editor

Lower oil prices and their impact on the global liquefied natural gas industry and on investment and schedules for future projects will be discussed at the main global gathering in 2016 of industry executives, scheduled for Perth in Western Australia.

Ophir will work with Schlumberger to agree definitive deal on Fortuna

Our Europe editor

Ophir Energy of the UK has signed an accord paving the way for the purchase by US energy services company Schlumberger of a 40 percent interest in the Fortuna floating LNG project offshore Equatorial Guinea.

Our North America editor

Cheniere Energy's delay in shipping the first cargo from the US Sabine Pass LNG export plant in Louisiana to late February or early March because of technical problems during commissioning has led to the completion dates on the processing Trains being pushed out.

News Nudges

Mitsubishi LNG move

Mitsubishi Heavy Industries said its efforts to compete for world-scale LNG liquefaction Train construction projects continues to move forward with the completion of successive technical qualifications conducted by oil majors and engineering companies. “To date, major LNG players, including ExxonMobil, Shell, Total, along with key engineering contractors such as Bechtel of the US, have all completed extensive qualification studies on the Mitsubishi Hitachi Power Systems 120MW H-100 Gas Turbine for use as the mechanical driver in conjunction with well-proven compressors of Mitsubishi Heavy Industries Compressor Corp.,” the Japanese company explained.


Karatha gas deal

UGL, an engineering subsidiary of Australia’s CIMIC Group, has secured a A$190 million (US$135M) contract extension for support work at Woodside Petroleum’s Karratha Gas Plant. The facility, located 1,260 kilometres north of Perth in Western Australia, comprises five LNG processing trains, two domestic gas trains, six condensate stabilisation units, three liquefied petroleum gas fractionation units as well as storage and loading facilities for LNG, LPG and condensate.


Taiwan’s third terminal

Taiwan, the world’s fifth-largest LNG importer, plans to build a third regasification terminal at Tao-Yuan in northwest Taiwan while also expanding its facilities at Tai-Chung and Yung-An in the south of the Island. Taiwanese energy company CPC said building was expected to start by the end of 2019.