In this issue

 

The US state of Maryland, where the first East Coast LNG export plant is scheduled to come on stream by late 2017 or early 2018, is caught up in a…
Our Asia-Pacific editor Chevron Corp. reached a landmark in its Australian LNG developments by starting up the third processing Train of its US$54-billion Gorgon plant on Barrow Island in Western…
Our Middle East editor UK major BP has made another natural gas discovery in the North Damietta offshore concession in the East Nile Delta of Egypt where it recently bought…
The International Gas Union (IGU) released a report on the crucial role of liquefied natural gas for cleaner marine transport, saying that in Hong Kong for example ship traffic was…
Delek Group, the Israeli company with growing income from its share of 33 trillion cubic feet of natural gas in the East Mediterranean, posted record revenues and net profits in…
Our North America editor in New York Kosmos Energy, the Dallas-based exploration and production company, has begun the second phase of its multi-well drilling programme offshore the West African countries…
China Petroleum and Chemical Corp (Sinopec) said it would accelerate shale-gas output amid construction of new LNG import capacity and natural gas fuel stations for vehicles as it reported a…
Our North American editor in New York Philly Shipyard Inc. has delivered an LNG-ready vessel named the “American Freedom”, the second of four 50,000 deadweight-ton product tankers ordered by a…
Spot shipments and those from new plants revitalize developing market in Asia region Our Asia-Pacific editor Imports of liquefied natural gas by India and Japan increased last month as the market continues to…
Our Middle East editor Qatari liquefied natural gas production company RasGas, which is in the process of being taken over by Qatargas, has recorded one of its last separate corporate…
Sovcomflot, Russia’s largest shipping company with a growing LNG fleet and a new vessel marking French LNG industry ties to Russia, posted a more than 40 percent drop in annual…
Our North America editor in New York LNG Ltd, the Australian developer of the Canadian Bear Head export project in Nova Scotia, has completed Transport Canada’s technical review of marine…
The Canadian province of British Columbia is calling for investments by Canadian utilities and others to build liquefied natural gas fuel infrastructure to help establish BC as a marine bunkering…
The Canadian province of British Columbia welcomed the decision by pipeline company TransCanada Corp. to inform the National Energy Board it was proceeding with the construction of the North Montney…

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.