In this issue

 

Our Europe editor ExxonMobil, the US major and a shareholder in the world's largest liquefied natural gas supply complex in Qatar, has joined a UK project to develop LNG bunkering…
Qatari LNG production company RasGas said it had delivered its first cargo to the newest French import terminal in the Channel port of Dunkirk as the facility ramps up its…
An Australian oil and gas exploration, development and production company said it has made advances in its aim to produce Italian gas in 2017 from its Teodorico field in the…
Our Asia-Pacific editor Modec Inc., the Japanese maker of oil and natural gas production platforms and other energy industry equipment, has developed a floating power plant that uses liquefied natural…
The main Spanish natural gas and LNG companies, Enagas and Gas Natural Fenosa, have launched a project with the state-run railway company Renfe to run Europe’s first locomotives powered by…
Our North America editor in New York ConocoPhillips said it was in the process of selling its Kenai liquefied natural gas plant in the state of Alaska, the first US…
Our Asia-Pacific editor The Tokyo Commodity Exchange and the Singapore Exchange (SGX) have signed an agreement to cooperate in developing the liquefied natural gas derivatives and futures market in Asia.
The Japanese government-run LNG Producer-Consumer Conference in Tokyo has heard from a list of speakers focusing on moves to abolish destination clauses in contracts and facilitating LNG trading at the…
Woodside Energy Chief Executive Peter Coleman told the LNG Producer-Consumer Conference in Tokyo that the era of the 20-year supply contract was not yet over, even as Egypt alone has…
Our Asia editor Imports of liquefied natural gas to India continued to rise in 2016, surging by 18.6 percent in October compared with the same month a year ago, helped…
Japanese liquefied natural gas imports rose last month as did shipments of thermal coal for power generation as LNG cargoes from new production in Australia offset falls in volumes from…
Norwegian player’s faith in FSRUs may be underscored with new orders Our Europe editor Hoegh LNG, the Norwegian fleet owner and floating storage and regasification unit charterer, posted a modest rise in third-quarter…
Our Asia-Pacific editor Australian energy company Santos has signed an agreement in Papua New Guinea to buy a stake in an exploration licence from ExxonMobil and Oil Search, both shareholders…
Australian energy company Santos, a stakeholder in three Asia-Pacific liquefied natural gas projects, said Chinese equity firm Hony Capital had increased its shareholding in the Adelaide-based oil and gas business…

News Nudges

Flex LNG earnings

Flex LNG, the shipping company with a fleet of 13 vessels, reported higher third-quarter revenues of $81.8 million and increased quarterly net income to $32.8M. “In the fourth quarter, we will also be handsomely rewarded for maintaining a 30 percent exposure to the spot market as the spot market is currently at all-time highs,” said Øystein Kalleklev, Chief Executive of Flex LNG Management AS. The Bermuda-based company’s average time charter equivalent rates were $68,341 per day for the third quarter, up from $57,780 per day in the previous three months.


Pavilion methodology

Pavilion Energy of Singapore along with QatarEnergy and US major Chevron Corp. have jointly published a “quantification and reporting methodology” to produce a statement of greenhouse-gas emissions for delivered LNG cargoes. This is the first such published methodology that will be applied to sales and purchase agreements (SPAs), specifically the executed SPAs of Pavilion Energy with QatarEnergy and Chevron.


Mozambique naming

The “Coral-Sul FLNG” vessel, the floating LNG hull to be deployed in 2022 in the deep waters of Mozambique in southeast Africa, has been formally name at the Samsung Heavy Industries shipyard in Geoje in South Korea. The guests of honour were Mozambican President Filipe Jacinto Nyusia and South Korean President Moon Jae-In. Italian energy company Eni said it attended as delegated operator and on behalf of its Mozambique Rovuma Basin Area 4 licence partners.