In this issue

 

Santos, the shareholder in two Australian liquefied natural gas LNG export plants and in Papua New Guinea LNG, has priced a US$600 million fixed-rate bond and said the transaction was many times over-subscribed with demand from global financial institutions.

LNG Journal editor

The Alaska Gasline Development Corp., the US state agency responsible for overseeing the Alaska LNG project, has received a major regulatory permit for its $10-billion stand-alone North Slope pipeline to supply domestic customers and feed-gas for LNG if needed. 

LNG Journal editor

The US Department of Energy has issued a long-term order authorizing the export of domestically produced liquefied natural gas by the Venture Global company, developer of two LNG export projects in Louisiana. 

LNG Journal editor

Cheniere Energy, owner of the Sabine Pass and Corpus Christi LNG export plants on the US Gulf Coast, has given notice to proceed to builders of the Midship Pipeline project to enable transportation of feed-gas and domestic volumes from the prolific Anadarko Basin in Oklahoma to the Gulf Coast. 

Arup Group, the UK-based global engineering company, has been appointed by a US LNG export project planned for Cameron Parish to advise on the installation of the region’s first modular LNG storage tanks. 

KBR Inc., the US energy and LNG engineering company said it was awarded a preliminary engineering and design contract by Mexico Pacific Ltd (MPL) for a US-led midscale LNG liquefaction and export project at Puerto Libertad on the Pacific coast of Mexico. 

LNG Journal editor

French energy major Total has signed agreements with Russian natural gas company Novatek, operator of the Yamal LNG export plant, for the acquisition of a direct 10 percent stake in the Arctic LNG II joint venture proposed by Novatek for Russia’s Gydan Peninsula. 

Oman is planning to increase its natural gas production for domestic use and LNG exports to such an extent that the sultanate in the Arabian peninsula will see gas output levels overtaking oil by around 2025. 

LNG Journal editor

South Korea is seeking to reduce the operation of coal power plants because of rising levels of pollution and convert them to gas-fired plants using imported LNG shipments, though is being cautious about the timetable because of the higher fuel costs. 

Thailand is securing its domestic production of natural gas in the Gulf of Thailand, as well as its pricing, while expecting more LNG volumes from Mozambique and elsewhere and constructing a new LNG import terminal. 

LNG exporter Adnoc signs partnership accord with leading investors BlackRock and KKR

LNG Journal editor

LNG producer Abu Dhabi and its oil company, the first regional operator of liquefaction and export facilities at Das Island since 1977, has signed a transaction that marks the first time the largest New York-based global equity funds have invested in key midstream infrastructure assets of a national oil company in the Middle East. 

LNG Journal editor

UK major BP has announced the first natural gas flows from its Angelin development in Trinidad and Tobago to help underpin the future of the Caribbean nation’s liquefied natural gas exports and has a 10-year investment plan amounting to around $8 billion. 

Kosmos Energy, the US partner of BP in the Mauritania-Senegal floating LNG projects, reported a net profit in the fourth quarter compared with a loss in the year-ago period as it advanced with its FLNG plans and expanded its Africa-focused activities. 

LNG Journal editor

Pembina Pipeline Corp., the Canadian owner of the Jordan Cove LNG export project in the US northwest state of Oregon, has posted solid fourth-quarter earnings as it reported progress on the US liquefaction venture and expects a decision from regulators by year-end. 

News Nudges

BW purchases Epic Gas

BW Group, the Singapore-based shipping line with a fleet of 20 LNG carriers and liquefied petroleum gas vessels, has acquired majority control of Epic Gas, the owner of a fleet of small pressurized LPG carriers. Epic, also based in Singapore, has a fleet of 39 vessels ranging from 3,500 cubic metres capacity to 11,000 cubic metres capacity serving the short-haul and regional LPG and chemicals trade. “BW is pleased to acquire this shareholding in Epic Gas with its strong operational platform and quality fleet,” said Andreas Sohmen-Pao, Chairman of BW.


Swedish start for bunker ship

The 7,500 cubic metres capacity LNG bunkering vessel “Kairos” has conducted its first LNG supply operation for the newbuild ferry “Visborg” at the ferry pier of the port of Visby on the Swedish island of Gotland in the Baltic Sea. The “Kairos”, built at the Hyundai Mipo Dockyard in South Korea and delivered to Hamburg in Germany at the end of 2018, is owned by the joint venture company Babcock Schulte Energy.


Greek vessel charters

Tsakos Energy Navigation, the Greek shipping company, has agreed charters for its two LNG carriers. Tsakos said that it signed deals for the “Neo Energy” and the “Maria Energy” for an aggregate period of 36 months. The revenues are expected to be in the region of $60 million. “With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector,” said Chief Operating Office George Saroglou.