In this issue

 

French energy company Total has moved ahead in placing cargoes from its growing global portfolio with two new agreements with Indonesia and China.
Air Products, the world's leading supplier of liquefied natural gas process technology and equipment, has weathered the energy storm well by reporting quarterly net income of $387 million, an increase…
Our Europe editor Exmar, the Belgian LNG shipping company and project developer, expects delivery of its Floating LNG production hull from its Chinese shipyard in the second quarter and is…
GasLog Partners, the US unit of the Greek-controlled liquefied natural gas carrier company, said the LNG shipping sector was set to benefit from delivering greater volumes from new projects, the…
Western Europe's leading classification society DNV GL and the Russian Maritime Register of Shipping signed a cooperation agreement in St. Petersburg covering the Polar Code, including the transport of liquefied…
Danish shipping company Evergas said it took delivery of its fourth 27,500 cubic metres capacity multigas LNG carrier it ordered under a construction programme in China.
Our Asia-Pacific editor Lower oil prices and their impact on the global liquefied natural gas industry and on investment and schedules for future projects will be discussed at the main…
Ophir will work with Schlumberger to agree definitive deal on Fortuna Our Europe editor Ophir Energy of the UK has signed an accord paving the way for the purchase by US energy services…
Our North America editor Cheniere Energy's delay in shipping the first cargo from the US Sabine Pass LNG export plant in Louisiana to late February or early March because of…
The Canadian Government under Liberal Prime Minister Justin Trudeau has overhauled the federal environmental review process to give more consideration of the climate-change impact of pipeline ventures and liquefied natural…
Our Asia-Pacific editor Japanese annual liquefied natural gas imports fell 3.9 percent in 2015 and the nation saved almost $20 billion in costs because of the plunge in energy prices…
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…

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.