In this issue

 

Our Europe editor Royal Dutch Shell sold 3.2 percent more liquefied natural gas in the first quarter, helped by higher output from the Gorgon LNG plant in Western Australia as…
UK major BP announced improvements in its Trinidad LNG production assets and advances in its joint venture plans offshore Mauritania and Senegal in West Africa to develop floating liquefaction projects. 
Our Europe editor Royal Vopak, the Dutch-based global petroleum and products storage company, has decided not to proceed with the proposed acquisition of the floating storage and regasification and LNG…
International law firm Norton Rose Fulbright has hired LNG and shipping experts Jonathan Siu and Sung Hwan Choi for its shipping and offshore oil and gas team in its Singapore…
Ras Laffan Liquefied Natural Gas Co. (RasGas), the Qatari producer currently finalizing its merger with Qatargas, has successfully loaded and delivered its 2,000th cargo to Korea Gas Corp., one of…
Our North American editor in New York NextDecade, the US LNG export project developer, has appointed French bank Societe Generale and Australia’s Macquarie Capital to act as joint financial advisors…
US independent exploration and production company Devon Energy said it planned to sell upstream shale-gas assets worth around $1 billion, mostly in the Barnett shale area and which could be…
Our North America editor in New York Chart Industries, one of the leading global suppliers of liquefaction and storage equipment, narrowed its net loss in the first quarter amid mixed…
Our Europe editor TechnipFMC, the energy and liquefied natural gas project engineering company, reported its first quarterly earnings since the company was created from the merger of France’s Technip and…
Tamrotor Marine Compressors, the Norway-based equipment supplier, has signed a contract with Hyundai Heavy Industries to supply a complete marine compressed air system to a newbuild floating storage and regasification…
Air Products, the US equipment and technology supplier for liquefied natural gas liquefaction projects, posted its fiscal 2017 second-quarter earnings showing a rise in sales offset by a drop in…
Our Europe editor Italian energy company Eni will supply LNG to Pakistan under a long-term contract to a new floating storage and regasification unit to be moored at Port Qasim. 
Noble Energy of US, the main production company in the East Mediterranean, said it began exporting natural gas from Israel for the first time to industrial customers in Jordan as…
Our Asia-Pacific editor The Australian government is planning to temporarily block liquefied natural gas exports if necessary to ensure adequate domestic gas supplies in Queensland and other eastern states and…

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.