In this issue

 

Paris-based energy consultants Cedigaz said natural gas growth in absolute terms would outstrip that of all other energy sources and the strong expansion of LNG supply and the abundance of…
The American Bureau of Shipping, the US classification society, has granted an approval in principle (AIP) for a new Moss-type LNG tank design concept developed by Japan’s Kawasaki Heavy Industries…
Our Asia editor Indian Petroleum and Natural Gas Minister Dharmendra Pradhan has led a ceremony marking the start of construction of the first liquefied natural gas import terminal on the…
Excelerate Energy, the US floating liquefied natural gas LNG terminal project company, and the World Bank have arranged the debt financing for the first floating LNG facility for Bangladesh.
Our North America editor in New York Canadian energy Veresen Inc., developer of the Jordan Cove LNG export project in the northwest US state of Oregon, has had its agreed US$4.3-billion takeover…
Our Asia editor US company Murphy Oil is advancing with plans to produce liquefied natural gas from a floating liquefaction plant offshore Malaysia by 2020 and another of its developments…
Our Europe editor The Intercontinental Exchange (ICE), the operator of global pricing and clearing for energy and commodities, has made the ICE Endex European pricing and trading platform a fully-owned…
Stolt-Nielsen, the Norwegian-listed shipping and storage company with small-scale LNG project plans on the Italian Island of Sardinia and in Scotland, posted a second-quarter drop in net profit of around…
Our Europe editor US energy services company Baker Hughes and GE’s oil and gas business, which provides LNG equipment from gas turbines to pumps and gearing technology, have completed their…
CB&I, the US energy engineering company, was awarded a contract valued at nearly $200 million by Venture Global LNG, a US-based project developer based in Washington DC, to construct two…
CB&I, the US energy engineering company currently working on projects such as the liquefaction export plants on the US Gulf Coast, Cameron LNG and Freeport LNG, said that Patrick K.…
Our Asia editor Singapore shipyard Keppel Offshore and Marine said it would soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Norwegian project company Golar LNG and…
Norwegian-based consultancy and services company Add Energy was awarded a contract as part of the development of the Angelin natural gas field by BP in Trinidad to supply more feed-gas…
Our North America editor in New York Alaska LNG project leader, Alaska Gasline Development Corp. (AGDC), signed a memorandum of understanding with Korea Gas Corp. in Washington DC to cooperate…

News Nudges

Russian LNG cargoes

Japan and China remain the biggest buyers of LNG from Russia, whose two export plants are Sakhalin in the Russian Far East and the Yamal plant in Northern Siberia. Shipping data showed that between January and October 2022 Japan bought around 5.96 million tonnes of LNG from Russia, a fall of 10 percent from 2021, while China purchased 5.67MT, an increase of 24 percent from 2021. After Japan and China, the other main buyers of Russian LNG cargoes through October 2022 have been France (4.75MT), Spain (3.24MT), Belgium (1.78MT) and the Netherlands (1.67MT).


Newbuilds increase

Shipyards in China and South Korea have seen orders in the past month for at least eight newbuild liquefied natural gas carriers and one floating storage and regasification unit (FSRU) as the global fleet expands to meet rising demand. The orders include two vessels of 175,000 cubic metres capacity under an order made by German ship management company Hammonia Reederei and to be delivered between 2025 and 2026 from China's Yangzijiang Shipbuilding.


Woodside funding

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, said it had continued its track record of contributions to the state’s communities with a A$50 million (US$33M) commitment to the Resources Community Investment Initiative (RCII) announced by State Premier Mark McGowan. Woodside Chief Executive Meg O’Neill said Woodside was pleased to join with the WA Government and other industry participants to establish the RCII, which will facilitate investment in infrastructure projects and community and social initiatives across the state.