In this issue

 

Our Europe editor Qatargas has signed a memorandum of understanding with Royal Dutch Shell and the Danish tanker group Maersk to explore the development of LNG as marine fuel and…
CME Group, owner of several global trading platforms including the New York Mercantile Exchange (Nymex) for energy products, has formally expanded its range of derivatives with the introduction of a…
Our Asia-Pacific editor Australian energy company Santo, operator of the Gladstone LNG project in Queensland and with stakes in two other plants, posted full-year losses of A$2.7 billion (US$1.9Bln) as…
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…

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.