In this issue

 

Free ReadAir Products, the US LNG equipment-maker and industrial gas company, said it was in final negotiations to form a joint venture with Saudi Aramco and Acwa Power to acquire the…
Origin Energy, the Australian utility and upstream supplier for the Australia-Pacific LNG export plant in Queensland, whose other shareholders are ConocoPhillips and Chinese major Sinopec, said its share of quarterly…
LNG Journal editor Petronet LNG, the largest importer of cargoes in India from nations like Qatar and Nigeria, posted a 13 percent fall in third-quarter revenues as net profits jumped…
Free ReadTokyo Gas, the Japanese utility and importer of 14 million tonnes per annum of LNG, said fiscal half-year net sales from April to September increased by 9.4 percent as it…
LNG Journal editor Kosmos Energy, the US stakeholder in floating LNG projects offshore Mauritania and Senegal with BP of the UK, said they made a major natural gas discovery at…
LNG Journal editor South Korea said it would start replacing 140 government-owned coastal ships with newbuild vessels using clean fuel and with the largest having propulsion systems powered by liquefied…
Japanese trading house Mitsui is emerging as a key partner in the liquefied natural gas projects being built up on the US Gulf Coast and on the Pacific Coast of…
Free ReadHyundai Heavy Industries Group said its shipbuilding units swung back to profit in the third quarter because of increased sales of high-value liquefied natural gas carriers to shipping companies around…
LNG Journal editor The body representing German pipeline operators said the leading European Union nation would have enough natural gas this winter, despite restrictions on transit routes for Russian supplies…
Naturgy Energy Group, the Spanish utility with Latin American assets and LNG volumes from the US and Russia, swung to a profit after losses last year linked to restructuring as…
Free ReadFive LNG projects have moved forward and Houston company has won two of them LNG Journal editor TechnipFMC, Franco-US energy and LNG engineering company, said its split into two separate…
LNG Journal editor Canadian equity fund Brookfield Asset Management has purchased a 25 percent stake in Dominion Energy Cove Point LNG, the single-Train Maryland plant holding tolling agreements with Indian…
Dominion Energy, the developer of the Cove Point LNG export plant in Maryland, and a joint venture partner plan to double their investment in renewable natural gas (RNG) projects across…
Free ReadLNG Journal editor The British Columbia provincial government in Canada and provincial Premier John Horgan said they would support the Vancouver Fraser Port Authority and utility company FortisBC to establish…

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.