In this issue

 

Free ReadFrench major TotalEnergies confirmed its withdrawal strategy from the Yadana natural gas field in the Asian state Myanmar after Thailand’s state energy company PTTEP said it was taking over the…
LNG News Editor:  Naturgy Group, the Spanish global utility company with LNG supplies from the US and Russia and natural gas and utility businesses in South America as well as…
National Grid LNG LLC, a US subsidiary of the UK company National Grid, has petitioned the US Federal Energy Regulatory Commission to enable it to progress with the Fields Point…
Tokyo gives direction for imposing sanctions on neighbour Russia over Ukraine invasion
Free ReadLNG News Editor:  Tokyo Gas, a leading liquefied natural gas importer and city-gas and power supplier, said Japan’s newest regasification facility, the Niihama LNG import terminal on Shikoku Island, has…
Petróleos Mexicanos (Pemex),the Mexican oil and gas company, is currently struggling to emerge from the economic slowdown amid widening losses at a time when several LNG export projects are moving…
LNG News Editor:  Chart Industries, the US maker of equipment for LNG and industrial gases facilities, has received a full notice to proceed (FNTP) for the production of cold boxes…
Free ReadA Greek-owned carrier departed the Calcasieu Pass LNG plant in Louisiana with the inaugural first cargo and headed for Japan as America’s seventh and newest large-scale export facility opened for…
Pembina Pipeline Corp., the Canadian pipelines company and joint owner of the Cedar floating liquefied natural gas project, has entered into definitive agreements valued at around US$9 billion with US…
LNG News Editor:  Intercontinental Exchange, the leading global provider of trading platforms and clearing, is pushing ahead with development of derivatives and products to allow the hedging of risk in…
LNG News Editor:  TotalEnergies has made a significant discovery of light oil with associated natural gas in the Orange Basin offshore the southwest African nation of Namibia, boosting its project…
Free ReadLNG News Editor:  The Supreme Court of Western Australia has dismissed two proceedings brought against the Chairman of the state’s Environmental Protection Authority challenging the Pluto LNG and Karratha Gas…
Seapeak LLC, formerly known as Teekay LNG Partners and with interests in 47 LNG carriers, 20 mid-size liquefied petroleum gas carriers and seven multi-gas vessels, has formally taken the name…
Energy World Corp., the owner and developer of LNG import terminals, liquefaction facilities and power plants in Indonesia, the Philippines and Australia, reported lower fourth-quarter net income after disposing of…

News Nudges

Santos profits up

Santos, the Australian operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a shareholder in Papua New Guinea LNG, reported second-quarter and first-half sales revenue of US$1.87 billion and US$3.76Bln respectively. Revenue from LNG sales alone in the second quarter came to US$1.07Bln. Santos said its average realised LNG price in the quarter was US$14.66 per million British thermal units versus US$7.52 per MMBtu in the prior-year quarter.


Baker Hughes boosted

Baker Hughes posted second-quarter operating loss of $25 million compared with a profit of $194M in the prior-year period. However, the company led by Chairman and Chief Executive Lorenzo Simonelli recorded strong orders from its Turbomachinery and Process Solutions (TPS) division as the LNG order cycle continued to unfold. “TPS secured a major contract from Bechtel to provide seven mid-scale LNG trains to support the Stage 3 expansion project of Cheniere’s Corpus Christi Liquefaction facility,” said the company. “Also in LNG, TPS continued to support New Fortress Energy’s (NFE) ‘Fast LNG’ facilities project with a contract for two main refrigerant turbo-compressor strings in offshore.


Quintero LNG deal

Fluxys, the Belgian utility company and grid and Zeebrugge LNG terminal owner, has completed its acquisition with EIG Global Energy Partners of 80 percent of the shares in the Quintero LNG import terminal in Chile from Spanish grid and terminals operator Enagás and OMERS Infrastructure, the Toronto-based Canadian fund.