In this issue

 

Singapore Exchange (SGX) has launched new financial derivatives in the form of futures and swaps linked to its weekly index of spot prices for liquefied natural gas traded in the…
Our Asia-Pacific editor FMC Technologies, the Houston-based liquefied natural gas and energy company, said it signed an agreement with Woodside Petroleum for a venture that will help prolong the lifespan…
Australian energy company Santos said its Gladstone coal-seam-gas-to-LNG project produced 544,000 tonnes of LNG during the fourth quarter and has shipped 11 cargoes to Asian customers, while over 40 cargoes…
Our North America editor AltaGas, the Canadian natural gas and utility business, was awarded a 25-year LNG export licence by the National Energy Board for a floating export plant being…
The Nordic liquefied natural gas market is developing along small-scale distribution lines and with progress in the building of two import terminals at ports in Finland.
Chevron Corp., one of the main LNG developers in the Asia-Pacific region with two projects in Australia, is also increasingly active in China and said it had begun natural gas…
The Government of Gibraltar has begun the environmental review process for its first liquefied natural gas import and storage terminal that will be linked to a gas-fired power project.
Our Asia-Pacific editor Clough of Australia has won a second contract in successive days for the Ichthys LNG project. It has been chosen to commission the Floating, Production, Storage and Offloading…
ExxonMobil Corp., one of the largest liquefied natural gas players, said natural gas was expected to meet about 40 percent of the growth in global energy needs and demand for…
Australian major weathers oil storm with development plans progressing Our Asia-Pacific editor Australia's largest liquefied natural gas operator Woodside said it was focusing on lowering the costs in the Browse Floating LNG project…
Our Asia-Pacific editor Chevron Corp. said it signed a preliminary accord with Chinese energy company ENN LNG Trading to supply cargoes over 10 years from the Australian Gorgon project currently…
Sanchez Energy, the Houston-based company planning the first LNG project targeting shale-gas from the Eagle Ford play in South Texas, said it made further progress in the fourth quarter with…
Our North America editor Australian LNG and energy engineering company Clough Ltd has named Peter Bennett as its new Chief Executive after hiring him from US company CB&I where he…
EDF Trading, a unit of the French utility and energy company, has named Sophie Ducoloner as a senior manager in its liquefied natural gas division after hiring her from Russia's…

News Nudges

Algeria gas hand-over

Sonatrach, the Algerian state energy company and operator of two LNG export plants on the North African coast, signed its acceptance of the Touat gas project in southwest Algeria being passed to Groupement Touat Gaz (GTG), a joint venture between Sonatrach and Neptune Energy of the UK. Operation of the facility had previously been in the hands of the project contractor, Spain’s Técnicas Reunidas, since the first gas was sent into the Algerian domestic gas pipeline network in September 2019.


Brunei LNG contract

Brunei LNG has awarded a 10-year contract to local company SPHI Marine to supply three tugboats and one anchor-handling tug to support shipping operations at the Lumut facility. SPHI said the contract included a five-year extension option. The Brunei-owned and flagged vessels will replace the tugs of Dutch firm Kotug, which are currently servicing the LNG plant.


Korea energy orders fall

South Korean shipyards are expecting new firm LNG carrier orders after Qatar booked construction berths, but no new orders have been received in 2020 for oil and gas platforms or offshore facilities, reflecting the depressed state of the energy market. Hyundai Heavy Industries has received no orders for offshore facilities since October 2018 when it signed a $450 million deal with a US oil developer LLOG Exploration to build a floating production system, according to the latest data.