In this issue

 

Air Products, the world’s leading equipment maker for LNG liquefaction plants, has decided to exit the energy-from-waste business and will take a hit of up to $1 billion on a…
CEO Michael Hession said excellent reservoir quality tests carried out in first quarter Our Asia-Pacific editor InterOil Corp., the Papua New Guinea liquefied natural gas plant developer and stakeholder, said…
Our Europe editor Liquefied natural gas use continues to grow at a steady pace, with importing nations now numbering 34 compared with 15 in 2005, supported by the development of…
Royal Dutch Shell says the landscape is changing for the development and delivery of liquefied natural gas mega-projects around the world from Oman in the Middle East to Sakhalin Island…
Our North America editor in New York US regulators have given conditional clearance to the Golden Pass LNG export project in Texas being developed by Middle East producer Qatar Petroleum,…
Engie of France, one of Europe’s leading importers of liquefied natural gas that most recently shipped an annual 16.4 million tonnes of cargoes, has renamed its trading arm Engie Global…
The expanded section of the Panama Canal is expected to be officially opened on June 26, 2016, when it will be able to accommodate larger vessels such as liquefied natural…
Our Middle East editor The oil investment company of the Arab Gulf nation of Bahrain has borrowed $570 million from Japanese and European banks to help finance the island’s first…
KBR, the US energy and liquefied natural gas engineering firm, was awarded a multi-phased contract for front-end engineering and design for the Canadian LNG export project controlled by Indonesian billionaire…
Our North America editor in New York The Jordan Cove LNG project in the northwest state of Oregon, recently blocked by US regulators, is set to get back on track…
Our Asia-Pacific editor The Chinese ENN Group, which has signed contracts for LNG cargoes from around the world, has agreed to purchase almost 12 percent of the shares of Australia…
Swedegas, the operator of the gas transmission grid in Sweden, said it was examining the potential for a liquefied natural gas terminal and storage facility as well as a small-scale…
Australian liquefied natural gas operator Woodside has cancelled the planned Browse floating LNG joint venture offshore Western Australia because of the current economic and market environment.
Our Asia-Pacific editor Tokyo Gas Co., Japan’s third-largest LNG importer, has started full commercial operations at the nation’s latest import terminal at Hitachi port in a network now numbering 33…

News Nudges

Narrabri Gas gets go-ahead

Australian LNG plant operator Santos said it welcomed the approval by the Federal Environment Ministry of the Narrabri Gas Project in New South Wales and will now embark on a 12-18 month appraisal program ahead of a final investment decision. Adelaide-based Santos operates the Gladstone LNG plant in Queensland and has a stake in Darwin LNG and the export facility in Papua New Guinea. The Narrabri project is for coal seam gas development with around 850 wells planned.


Asian firms nominated

The France-based International Group of Liquefied Natural Gas Importers (GIIGNL), which has 86 members in 27 countries, has promoted three companies to its Executive Committee at its annual meeting. They are China National Offshore Oil Corp (CNOOC) Gas, Power and Trading, CPC Corp. of Taiwan and Indian importer Petronet LNG. “The increase with three new members from Asia reflects the growing importance of LNG imports in the region,” said the group.


Charter rates firm

Shipping charter rates for LNG carriers in the spot market remained firm in the past week as Northern Hemisphere winter market cargoes flowed. Rates were quoted at an average of between $109,000 per day and $115,000 per day West of Suez. The same levels of spot rates were also heard for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters for the most modern vessels were available for around $47,000 per day.