In this issue

 

Our Asia editor  Pakistan has signed a 15-year liquefied natural gas supply deal with Qatar that is expected to open the way for more import facilities in the Asian nation…
US pipeline and terminal operator Kinder Morgan has received the go-ahead for its Elba Island liquefied natural gas export plant at an existing import terminal near Savannah in the state…
Our North America editor  Clean Energy Fuels Corp. of California said its sales of liquefied natural gas and compressed natural gas vehicle fuel made from organic waste methane increased to…
Investments are put on hold and projects delayed to help revival Our Europe editor The postponement of the LNG Canada final investment decision from April until the end of the year and hold-ups…
Our North America editor Anadarko Petroleum, one of the developers of the main liquefied natural gas project of Mozambique, posted fourth-quarter and annual losses of $1.25 billion and $6.69Bln respectively…
Oregon LNG, one of only two export projects in the US Northwest, has been informed by regulators of a five-month delay in releasing the final environmental impact statement.
Our Asia editor Gas Authority of India (GAIL), the transmission company and LNG importer, has won a supreme court ruling in New Delhi to resume pipeline construction to revive the…
Italian engineering and construction company Saipem said it expected to appeal a guilty verdict and a fine imposed by a court in Algeria for alleged irregularities in its winning of…
Mitsubishi Corp. of Japan has completed the transaction to take over the whole of US natural gas and oil marketing company Cima Energy to strengthen its position in liquefied natural…
French energy company Total has moved ahead in placing cargoes from its growing global portfolio with two new agreements with Indonesia and China.
Air Products, the world's leading supplier of liquefied natural gas process technology and equipment, has weathered the energy storm well by reporting quarterly net income of $387 million, an increase…
Our Europe editor Exmar, the Belgian LNG shipping company and project developer, expects delivery of its Floating LNG production hull from its Chinese shipyard in the second quarter and is…
GasLog Partners, the US unit of the Greek-controlled liquefied natural gas carrier company, said the LNG shipping sector was set to benefit from delivering greater volumes from new projects, the…
Western Europe's leading classification society DNV GL and the Russian Maritime Register of Shipping signed a cooperation agreement in St. Petersburg covering the Polar Code, including the transport of liquefied…

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.