In this issue

 

Kate Energy Holdings Inc., the Canadian company based in Calgary, has entered into a long-term master services agreement with Ferus Natural Gas Fuels Inc. to secure liquefied natural gas from…
LNG Journal editor The Australian project developer of the US Magnolia export plant in Louisiana with an agreement to supply shipments to Vietnam is now likely to be taken over…
Free ReadElba Island LNG, the small US export facility near Savannah in Georgia, was been given permission by regulators to start commercial services from the fifth Train in its Moveable Modular…
LNG Journal editor McDermott International, the US LNG and energy engineering company overhauling its finances after Chapter 11 bankruptcy protection proceedings, said it was moving forward with the previously agreed…
LNG Journal editor Italian energy company Eni has signed a series of agreements with the government of Egypt and state-owned companies to prepare for the re-opening of the nation’s Damietta…
LNG Journal editor Italian energy company Eni and Sonatrach, the Algerian state-run company and LNG producer, have completed the construction of the natural gas pipeline connecting the Bir Rebaa Nord…
Free ReadNew Fortress Energy, the developer of liquefied natural gas and power projects in Latin America and the Caribbean, narrowed its fourth-quarter losses while revenues rose as it embarked on new…
Australian LNG plant operator Santos has awarded contracts to European firms for the supply and installation of subsea infrastructure for the Barossa natural gas field that will provide future feed-gas…
LNG Journal editor Sempra Energy, the California company operating the Cameron LNG export plant in Louisiana, has signed a fixed-price contract with US engineer Bechtel to construct its second Gulf…
Free ReadThe Port Arthur liquefied natural gas export project in Texas proposed by Sempra Energy has formally filed with regulators for authorization for an expansion at the plant which will have…
LNG Journal editor Qatar Petroleum President and Chief Executive Saad bin Sherida Al-Kaabi said that the work in implementing the project to increase Qatar's production of liquefied natural gas from…
Energy Transfer, the US pipeline and infrastructure company developing the Lake Charles LNG export plant with Royal Dutch Shell, has launched a binding supplemental open season for the Bayou Bridge…
Free ReadUS firm is leading LNG development as the clean energy alternative for region LNG Journal editor New Fortress Energy, the New York-based LNG developer in the Caribbean and Central America,…
LNG Journal editor TechnipFMC, the LNG and energy engineering company planning to soon separate into two companies, posted a fourth-quarter net loss of $2.41 billion because of charges, though LNG…

News Nudges

Nor-Shipping hires Algaard

Nor-Shipping, the annual trade fair held in Norway since 1965, said it hired Karen Algaard in the newly created position of Director of Nor-Shipping Operations and Strategy. Algaard, who moves from the shipping company Höegh LNG where she was Head of Contract Management and Controlling, will now work alongside Per Martin Tanggaard, who assumes the title of Director Nor-Shipping External Relations. “The move allows Tanggaard to focus on building Nor-Shipping’s standing and influence within the marketplace, while Algaard takes on both long-term strategic planning and day-to-day business management,” said the trade fair company. Nor-Shipping will take place in 2020 on June 1-4.


Santos-Korea assets deal

Australian LNG operator and shareholder in Darwin LNG and Papua New Guinea LNG plans to sell 25 percent in Darwin LNG and in the BayuUndan gas field in the Timor Sea to South Korean energy company and utility, SK E&S for US$390 million. The deal is conditional on the Australian oil and gas producer’s US$1.39 billion purchase of ConocoPhillip’s northern Australia business.


LNG ship rates steady

Shipping charter rates for LNG carriers in the spot market have levelled off and are little changed from a week ago. Rates were again quoted at an average of between $39,000 per day and $34,000 per day West of Suez and $38,000 per day and $33,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters have dropped for vessels of between 155,000-160,000 cubic metres capacity and are now seen at around $55,000 per day.