In this issue

 

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…
Three LNG carrier fleet owners, Golar LNG, GasLog and Dynagas said their pooling arrangement aimed mainly at the spot market had initiated dialogue on “innovative chartering arrangements.”
Maputo sanctioned development of first phase of venture to move towards gas production Our Europe editor Italy’s Eni posted a massive 7.8 billion euros ($8.5Bln) of quarterly losses due to…
Our Asia-Pacific editor Air Water Inc., Japan's second-largest provider of industrial gases, has acquired a natural gas tank maker in Malaysia to build up the small-scale LNG storage and transportation…
Former Cheniere Energy Chairman and Chief Executive Charif Souki, who was ousted as head of the US developer of the Sabine Pass and Corpus Christi liquefied natural gas export projects,…
Our North America editor in New York Chart Industries, one of the leading US LNG equipment providers, said that given the continued low oil prices, economic headwinds and weak orders…
One of only two US LNG export projects on the East Coast, the Dominion Cove Point venture on Chesapeake Bay in Maryland, is about one-quarter complete, according to the latest…
McDermott International, the US energy and LNG engineering company, will put its new flagship vessel, the “DLV 2000”, to work offshore Australia on two liquefied natural gas projects.
Our North America editor in New York Cheniere Energy told US regulators its Corpus Christi liquefied natural gas export project in Texas was almost a third complete as its first…
Gaztransport and Technigaz (GTT), the French designer of membrane containment systems for LNG maritime transportation and storage, posted a net profit as the energy technology company averted the worst effects…

News Nudges

Brownsville contract

NextDecade Corp., developer of the Rio Grande LNG export project in Texas, said that after a competitive bid and contracting process it had selected Great Lakes Dredge and Dock Corp. to perform improvements near its planned facility on the Brownsville Ship Channel. “These improvements, which include deepening the Channel, will enhance commercial navigation into and out of the Port of Brownsville, ensuring the safe and reliable access of LNG carriers to NextDecade’s Rio Grande LNG facility and optimizing the ability of shallower draft traffic to pass LNG carriers in either direction in accordance with US Coast Guard guidelines,” the company explained.


Saudi Aramco bond sale

The Saudi Arabian Oil Company, the world’s biggest oil industry operator with future LNG and natural gas plans, is planning to offer around $6 billion of bonds following a $12Bln bond sale in April 2019 that sparked buying orders of over $100Bln, mostly from US fund managers and making it the most over-subscribed bond sale in history.


Charter rates flat

Shipping charter rates for LNG carriers in the spot market were unchanged in the past week as the Northern Hemisphere winter market demand continued to be firm. 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.