In this issue

 

Our North America editor

The United States is well positioned to become a key player in global liquefied natural gas as its proved reserves have soared again, posting a 10 percent rise in 2014 to a record 388.8 trillion cubic feet even as lower prices have curtailed drilling activity and reduced operating economics.

The Alaska LNG project's management committee is scheduled to meet on December 4 when a unanimous vote of all partners will be required to continue preliminary front-end engineering and design of the liquefaction and export venture amid upheaval in the state's stake-holding company.

Our Asia-Pacific editor

Energy World Corp., the Australian-listed liquefied natural gas development company from Hong Kong, is aiming to complete its Indonesian liquefaction plant and Philippines LNG import terminal in 2016 as it also advances small-scale fueling plants amid other ventures in Australia.

Our Asia-Pacific editor

The Chinese government is reducing the domestic prices for natural gas to try and stimulate demand for LNG and pipeline supplies amid a worldwide gas glut coupled with China's economic slowdown.

US company Black and Veatch said it was continuing to develop its liquefied natural gas business with offshore processing facilities such as the regasification topsides provided for the first Floating Storage and Regasification Unit being built in China.

Our Europe editor

Tuesday, 24 November 2015

The Dunkirk LNG import terminal in the French Channel port has been connected to the natural gas transmission network by France's GRTgaz.

BG Group said its Australian LNG project and coal-seam gas subsidiary QGC plans to spend A$1.7 billion (US$1.2Bln), ahead of its takeover by Royal Dutch Shell, in further developing its feed-gas resources in the Surat Basin of Queensland.

Our Asia-Pacific editor

Japanese monthly LNG import volumes have suffered their biggest plunge of 2015, falling by 12.8 percent in October as far fewer cargoes were imported from the Middle East and more came from Asia while Japan's need for gas-fired power declined.

Our Europe editor

Norwegian LNG shipping company Awilco LNG has managed to reduce its losses as charter rates for modern carriers remained at around $30,000 per day, down from over $100,000 per day in 2012, as demand in Asia was low and arbitrage opportunities were limited.

A tiny Canadian Native North American tribe numbering fewer than 300 members, but which ratified the first urban First Nation peace treaty in Canada giving it land ownership near the town of Delta in urban Vancouver, is planning a liquefied natural gas plant there.

Our Asia-Pacific editor

InterOil Corp. Chief Executive Michael Hession said the Elk-Antelope onshore field that will provide the feed-gas for Papua New Guinea's second LNG plant continues "to surprise on the upside" after more positive resource tests.

Belgian shipping company and project developer Exmar has signed the first charter contract for a Floating Storage and Regasification Unit to enter service in India as a liquefied natural gas import terminal.

Japanese marine classification society Nippon Kaiji Kyokai, known as ClassNK, has approved a design for a bulk carrier being built at a shipyard in Japan and to be fuelled with liquefied natural gas.

News Nudges

Tellurian signs Indian accord

Tellurian Inc., developer of the US Driftwood LNG export plant in Louisiana, said it had signed an accord with Petronet LNG of India whereby Petronet was exploring the possibility of investing in the Driftwood project. “Petronet is India’s largest LNG importer, operating 20 million tonnes per annum of receiving terminal capacity with an additional 2.5 MTPA of capacity under construction at its Dahej expansion and a further 5 MTPA proposed at Gangavaram,” said Tellurian President and Chief Executive Meg Gentle.


Inpex profits increase

Inpex Corp., operator of the Ichthys LNG project in the Northern Territory of Australia, said it had shipped 20 cargoes since commercial operations began in October 2018, including 11 LNG by the year-end. The number was included in the nine-month earnings from April to December 2018 as it posted sales of 700.5 billion yen ($6.3Bln), down 0.4 percent from the same period of 2017. Inpex said its nine-month net income rose by 17.2 percent to 62.6Bln yen ($566 million) compared with 53.4Bln ($483M) in the same period of the previous year.


GTT gains Greek order

French maritime storage technology company GTT said it received an order from the South Korean shipyard of Samsung Heavy Industries concerning the tank design of a new 174,000 cubic metres capacity LNG carrier on behalf of the ship-owner Minerva Gas, a subsidiary of Minerva Marine of Greece. GTT said its membrane containment system, the Mark III Flex-plus, has been selected for the design of the tanks and the delivery of the ship is planned during the third quarter of 2021.