In this issue

 

Majors ExxonMobil, ConocoPhillips and BP are still fully committed to venture Our North America editor The three energy majors involved in the Alaska LNG project have agreed to explore options to…
Our Asia-Pacific editor Australian liquefied natural gas operator and Asia-Pacific energy major Woodside said its potentially large natural gas discoveries offshore Myanmar will be required for domestic use or could…
Woodside Chief Executive Peter Coleman said the Australian liquefied natural gas and energy producer is focusing in the future on the Browse and Wheatstone LNG projects in Australia, as well…
Our Asia-Pacific editor Japanese liquefied natural gas imports plunged in January by more than 14 percent even at the current low prices for oil-linked contract deliveries for the world's largest…
FMC Technologies, the US-based energy and LNG contractor and services supplier, reported fourth-quarter revenue of $1.4 billion, down 34 percent from the same three months the year before, amid "unprecedented restructuring"…
Spanish import terminal owner and transmission company Enagas reported a net profit of 412.7 million euros ($460M) as the nation's gas demand posted its largest increase in seven years. 
Our Asia editor Royal Dutch Shell and French energy company Engie, along with their Indian partners, have received government clearance for India's first liquefied natural gas import facility on the…
Noble Energy, the company with projects in the East Mediterranean and the key US shale-gas plays such as the Marcellus and Eagle Ford, was still advancing ventures through the downturn…
Our Asia-Pacific editor Chevron Corp. said Asia-Pacific liquefied natural gas supremo Melody Meyer who oversaw projects such as Gorgon and Wheatstone LNG in Australia and a major gas project in…
The US Cameron liquefied natural gas export venture in Louisiana has received conditional regulatory approval for its plans to construct two additional processing Trains for almost 10 million tonnes per…
Freeport LNG, the US import terminal being transformed into a liquefaction and export plant at Quintana Island, Texas, has named Bryan Frey as Global Head of LNG Marketing, effective from…
Our Asia editor The main UK liquefied natural gas truck-loading facility located at National Grid's Isle of Grain LNG import terminal, located 45 miles southeast of London, is boosting customer…
Caledonian MacBrayne, the ferry company in Scotland that serves the nation's islands and ports with its fleet of 30 car and passenger vessels, has seen construction started on its first…
The market for older tonnage was even more affected Our Europe editor Due to the increase of the liquefied natural gas carrier fleet by 27 vessels in 2015, combined with…

News Nudges

US LNG for Hokkaido

Hokkaido Electric Power, the Japanese utility, said it received its first US LNG cargo delivered to the Ishikariwan Shinko Power Plant. The shipment originated at Freeport LNG in Texas and was based on a spot sales contract concluded between Hokkaido Electric and the largest Japanese LNG trader, JERA Global Markets. The shipment was delivered by the 177,000 cubic metres capac- ity LNG carrier “Shinshu Maru”, owned by Trans-Pacific Shipping, a joint venture comprising JERA and Nippon Yusen Kabushiki Kaisha (NYK Line).


Burckhardt bond sale

Burckhardt Compression, the Swiss LNG equipment maker for the maritime market, said it suc- cessfully issued a bond valued at 100 million Swiss francs ($108.5M) on Switzerland’s capital market. “The bond is primarily intended to finance the recently announced acquisition of the remaining 40 percent stake in Shenyang Yuanda Compressor, based in Shenyang, China,” said the company. Burck- hardt’s bond has a maturity of four years and a coupon of 1.50 percent. The issue was managed by Zürcher Kantonalbank.


Spot charter rates rise

Shipping charter rates for LNG carriers in the spot market increased over the past week by around $7,000 per day. Rates were quoted at an average of between $59,000 per day and $61,000 per day West of Suez and at rates of between $56,5000 per day and $58,500 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charter rates were little changed for the most modern vessels and were seen at around $47,000 per day.