In this issue

 

Our Asia-Pacific editor Australian engineering company WorleyParsons, whose past projects have included working on the Singapore LNG import terminal and liquefaction plants in Western Australia such as Wheatstone LNG, has…
AG&P and French company plan to plug scale gaps in LNG value chain Our Asia-Pacific editor Atlantic Gulf and Pacific Co., the LNG module maker and fabrication yard operator based in the Philippines,…
Our Europe editor US major ExxonMobil and Italian energy company Eni signed an agreement to enable ExxonMobil to acquire from Eni a 25 percent interest in the Area 4 block…
The Fortuna floating liquefied natural gas project offshore Equatorial Guinea in West Africa remains firmly on schedule for a final investment decision in the next few months. 
Our Asia-Pacific editor Malaysian energy company Petronas has signed an LNG supply agreement with Japanese utility Hokkaido Electric Power for a period of 10 years that will see shipments delivered…
Gas Authority of India (GAIL), the state-run natural gas and transmission network operator and LNG importer, has signed a procurement agreement with global commodities trading company Gunvor based on a…
Australian liquefied natural gas exports and income have surged with the second of three LNG Trains at the Gorgon plant on Barrow Island in Western Australia being ramped up and…
Our Asia-Pacific editor Japan said the average price of delivered spot liquefied natural gas cargoes in February 2017 jumped to their highest level in two years to reach $8.80 per…
Tokyo Electric Power Co. and Chubu Electric Power, the two largest users and importers of LNG in Japan, are discussing the full integration of their thermal power operations as part…
Our Asia Pacific editor WorleyParsons, the Australian energy and engineering and construction company noted for working on the Singapore LNG import terminal and liquefaction plants in Western Australia, is the…
Our North America editor in New York Exxon Mobil Corp. Chief Executive Darren Woods is expanding the energy major's capacity along the US Gulf Coast through planned investments of $20…
The Jordan Cove liquefied natural gas export venture and its affiliated 230-mile Pacific Connector transmission pipeline in the northwest state of Oregon are viewed as long-term projects for Calgary-based Veresen…
Clean Energy Fuels Corp., one of the main LNG fuel distributors in the US, said its sales of gas fuel during 2016 amounted to 329.0 million gallons, a rise of…
Our Asia-Pacific editor One of the most influential liquefied natural gas industry executives in recent years, Melody Meyer, the former head of Chevron Corp.’s operations in the Asia-Pacific region, has…

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.