In this issue

 

Tellurian Inc., developer of the Driftwood LNG project in Louisiana, surprisingly withdrew its planned public offering of 10 million shares just 24 hours after first announcing the transaction, citing adverse…
Our Europe editor Tamrotor Marine Compressors, the Norway-based equipment supplier, has signed a contract with Samsung Heavy Industries to supply a marine compressed air system to a newbuild floating storage…
UK major and partner from Dallas consider potential of 15 trillion cubic feet of feed-gas Our Europe editor West African LNG production plans are growing. UK major BP and its US project…
Our North America editor in New York Veresen Inc. of Canada, developer of the Jordan Cove LNG export project in the US northwest state of Oregon, said the LNG venture…
The US Center for Liquefied Natural Gas and other Washington-based industry bodies have welcomed the nomination of two candidates by President Donald Trump to fill vacancies on the Federal Energy…
Our North American editor in New York AES Dominicana, a subsidiary of AES Corp. of the US, has signed an agreement to supply liquefied natural gas to the Barbados National…
CB&I, the US energy and liquefied natural gas engineering company, reported a 77 percent drop in first-quarter net income and revenue also fell, though the company sensed a rebound in…
Crowley Maritime Corp. said its liquefied natural gas services group has been awarded a multi-year contract to supply additional volumes of containerized LNG shipped from Florida to pharmaceutical manufacturing plants…
Our North American editor in New York Japanese utility and LNG importer Tokyo Gas has completed a transaction to take a strategic equity investment in a US company with natural…
Australian engineering and construction company Monadelphous said it was awarded the long-term offshore maintenance services contract for the Ichthys LNG project being developed by Japanese energy company Inpex near Darwin…
Our Asia-Pacific editor Malaysian energy company Petronas said it expected to proceed with a second floating liquefied natural gas project involving a US company after the successful start-up of “PFLNG…
Our North America editor in New York Tellurian Inc. reported a net loss of $141 million in the first-quarter of 2017 as it followed its game plan to develop the…
US natural gas production is expected to rise to an average of 74.1 billion cubic feet per day for 2017 and to surge even higher in 2018 as benchmark prices…
Anadarko Petroleum Corp., the US company with plans to develop LNG projects in the southeast African nation of Mozambique, has made executive changes to its US and international operations team…

News Nudges

Sardinia FSRU plan

SNAM, the Italian natural gas grid operator and LNG import terminal stakeholder, has signed a contract with shipping and project company Golar LNG to charter the carrier “Golar Arctic” as a floating storage and regasification unit (FSRU) to be deployed in the port area of Portovesme on the Italian island of Sardinia. The Mediterranean island already has a small-scale onshore import facility owned by Avernir LNG. The Golar charter contract was valued at €269 million ($282.5M) and includes the vessel and the costs to Golar of converting the “Golar Arctic” into an FSRU with storage capacity for up to 140,000 cubic metres.


Norway gas forecast

The Norwegian Ministry of Petroleum and Energy has updated its estimate of projected European natural gas sales in 2022 to about 8 percent higher than last year and set to be bolstered by the restarting Hammerfest LNG export plant in Northern Norway and with the volumes helping to offset declining Russian gas sales. The Ministry said deliveries of natural gas from the Norwegian Continental Shelf are expected to be around 122 billion cubic metres by the end of 2022 compared with 113 Bcm in the previous year.


Korean yard orders

Korea Shipbuilding & Offshore Engineering (KSOE), the country’s largest shipyard group, said it won $910 million of orders to build four LNG carriers. Two KSOE affiliates, Hyundai Heavy Industries and Hyundai Samho Heavy Industries, will construct two 174,000 cubic metres capacity vessels each and deliver them to an Asian buyer from the first half of 2025.