In this issue

 

CEO Rex Tillerson outlined the LNG and other project plans to analysts at the NYSE Our North America editor in New York ExxonMobil said that one of its 10 key…
Our Europe editor Fluor Corp., the Texas-based energy and LNG engineering and construction company, has completed its acquisition of Stork Holding BV of the Netherlands for more than $700 million…
US energy company Anadarko expects minimal funding on the Mozambique LNG project during 2016 as it works three parallel paths towards a final investment decision for its onshore liquefaction plant…
Our Asia-Pacific editor LNG Ltd., the Australian developer of two North American liquefied natural gas ventures in the US state of Louisiana and the Canadian province of Nova Scotia, said…
Energy Transfer Equity said it was still on course to make a final investment decision on the Lake Charles LNG export project in Louisiana with new partner Royal Dutch Shell…
The United States said it was keen to support the development of a liquefied natural gas import terminal in Croatia, either a floating facility or an onshore plant located on…
Our Asia-Pacific editor Energy World Corp. said it was aiming to complete the first LNG import terminal in the Philippines by December 2016 as it outlined its strategy for the…
KBR Inc., the Houston-based US energy and LNG engineering company, has posted strong fourth-quarter earnings after previously overhauling the business after a previous loss of over $1 billion.
Our Asia Pacific editor The one-month countdown is beginning for the most important liquefied natural gas conference to take place in recent years, the LNG 18 event scheduled for April…
Our Europe editor Spanish energy company Endesa is building up its liquefied natural gas fueling business and has just opened up a new station to service several more towns in…
MEO Australia, the developer of the postponed Tassie Shoal LNG project in the Timor Sea, continues to push ahead with its preferred operations in Cuba and has just raised funds…
Flogas Britain, the UK’s leading liquefied natural gas distributor via trucks, has completed a multi-million pound investment in its LNG distribution fleet as it continues to expand.
Our Europe editor The German Baltic port of Rostock has carried out its first liquefied natural gas fueling operation involving a ship owned by a Norwegian-Swedish joint venture and the…
Three LNG carrier fleet owners, Golar LNG, GasLog and Dynagas said their pooling arrangement aimed mainly at the spot market had initiated dialogue on “innovative chartering arrangements.”

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.