In this issue

 

Our Europe editor   Wartsila Corp., the Finland-based maker of propulsion systems for the liquefied natural gas carrier fleet as well as LNG-fueled engines, has admitted that internal audits reveal…
CEO Rex Tillerson outlined the LNG and other project plans to analysts at the NYSE Our North America editor in New York ExxonMobil said that one of its 10 key…
Our Europe editor Fluor Corp., the Texas-based energy and LNG engineering and construction company, has completed its acquisition of Stork Holding BV of the Netherlands for more than $700 million…
US energy company Anadarko expects minimal funding on the Mozambique LNG project during 2016 as it works three parallel paths towards a final investment decision for its onshore liquefaction plant…
Our Asia-Pacific editor LNG Ltd., the Australian developer of two North American liquefied natural gas ventures in the US state of Louisiana and the Canadian province of Nova Scotia, said…
Energy Transfer Equity said it was still on course to make a final investment decision on the Lake Charles LNG export project in Louisiana with new partner Royal Dutch Shell…
The United States said it was keen to support the development of a liquefied natural gas import terminal in Croatia, either a floating facility or an onshore plant located on…
Our Asia-Pacific editor Energy World Corp. said it was aiming to complete the first LNG import terminal in the Philippines by December 2016 as it outlined its strategy for the…
KBR Inc., the Houston-based US energy and LNG engineering company, has posted strong fourth-quarter earnings after previously overhauling the business after a previous loss of over $1 billion.
Our Asia Pacific editor The one-month countdown is beginning for the most important liquefied natural gas conference to take place in recent years, the LNG 18 event scheduled for April…
Our Europe editor Spanish energy company Endesa is building up its liquefied natural gas fueling business and has just opened up a new station to service several more towns in…
MEO Australia, the developer of the postponed Tassie Shoal LNG project in the Timor Sea, continues to push ahead with its preferred operations in Cuba and has just raised funds…
Flogas Britain, the UK’s leading liquefied natural gas distributor via trucks, has completed a multi-million pound investment in its LNG distribution fleet as it continues to expand.
Our Europe editor The German Baltic port of Rostock has carried out its first liquefied natural gas fueling operation involving a ship owned by a Norwegian-Swedish joint venture and the…

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.