In this issue

 

Our Asia-Pacific editor Clough of Australia has won a second contract in successive days for the Ichthys LNG project. It has been chosen to commission the Floating, Production, Storage and Offloading…
ExxonMobil Corp., one of the largest liquefied natural gas players, said natural gas was expected to meet about 40 percent of the growth in global energy needs and demand for…
Australian major weathers oil storm with development plans progressing Our Asia-Pacific editor Australia's largest liquefied natural gas operator Woodside said it was focusing on lowering the costs in the Browse Floating LNG project…
Our Asia-Pacific editor Chevron Corp. said it signed a preliminary accord with Chinese energy company ENN LNG Trading to supply cargoes over 10 years from the Australian Gorgon project currently…
Sanchez Energy, the Houston-based company planning the first LNG project targeting shale-gas from the Eagle Ford play in South Texas, said it made further progress in the fourth quarter with…
Our North America editor Australian LNG and energy engineering company Clough Ltd has named Peter Bennett as its new Chief Executive after hiring him from US company CB&I where he…
EDF Trading, a unit of the French utility and energy company, has named Sophie Ducoloner as a senior manager in its liquefied natural gas division after hiring her from Russia's…
UK-based LNG and energy engineering Amec Foster Wheeler has begun its search for a new Chief Executive to replace Samir Brikho, who is stepping down amid a structural overhaul in…
Our Europe editor BG Group of the UK said its LNG Shipping & Marketing business delivered 282 cargoes during 2015, an increase of 58 percent on 2014, in difficult market…
Our North America editor A United States plan to help build liquefied natural gas infrastructure to coincide with increased LNG carrier traffic on the expanded waterway with US companies sought…
Our Asia-Pacific editor Origin Energy, a stakeholder in the Australia Pacific LNG plant in Queensland that recently shipped its first cargo, has issued a statement to the Sydney stock exchange…
PetroBangla, the state energy company of Bangladesh, is seeking expressions of interest from international and regional companies to set up two more liquefied natural gas import terminals.
A Canadian federal agency, Fisheries and Oceans Canada, has informed the nation's Environmental Assessment Agency that the Pacific NorthWest LNG project, led by Malaysia's Petronas, would have "a low potential"…
UK liquefied natural gas equipment company Parker Bestobell Marine has received an order to supply its cryogenic fuel-gas valves for newbuild tankers being built to run on LNG.

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.