In this issue

 

LNG Journal editor Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of LNG, reported a jump in nine-month revenues as…
Japanese liquefied natural gas imports rebounded last month from an almost 20 percent drop the previous month to rise by 2.6 percent as Australian and spot volumes accounted for almost…
Free ReadLNG Journal editor AES Corp., the US power company and Caribbean LNG import terminal owner, has named Belgian engineering firm Tractebel as owner’s engineer for the expansion of the existing…
Enagas, the Spanish natural gas network owner and operator of LNG terminals, posted 2.3 percent higher nine-month net profits of 333.1 million euros ($371M) as demand for natural gas in…
LNG Journal editor Bangladesh is advancing with plans for a $3 billion liquefied natural gas onshore import terminal and related power plant developments backed by a leading Saudi Arabian power…
Oil Search, the Papua New Guinea energy company, said the PNG liquefied natural gas plant again posted high quarterly production, though suffered output disruption because of damage to the loading…
Free ReadJGC Corp along with TechnipFMC and Fluor have won lucrative contract LNG Journal editor ExxonMobil said it planned to invest more than $500 million in the initial construction phase of…
LNG Journal editor International Seaways, a leading US tanker company providing vessels mostly for the crude oil and petroleum products markets, has ended its LNG presence by selling its stake…
Novatek, the Russian operator of the Yamal liquefied natural gas plant at Sabetta in northern Siberia, said it was in talks to trans-ship its cargoes from Norway or the Russian…
LNG Journal editor Royal Dutch Shell has decided to make changes to its executive team in Australia as it faces investment decisions in the months ahead on multibillion-dollar natural gas…
Free ReadThe American shale basins of Marcellus and Utica that underpin rising US LNG exports and domestic gas use contain huge volumes of undiscovered technically recoverable continuous resources of natural gas.…
Equinor, one of the main pipeline natural gas suppliers to Europe and operator of the Norwegian oil and gas fields and the Hammerfest LNG export plant, said it was proud…
LNG Journal editor The Alaska Gasline Development Corporation (AGDC), owner of the proposed Alaska LNG project, has started replying to regulatory questions on environmental mitigation measures as its main partner…
Free ReadLNG Journal editor UK major BP, one of the leading LNG producers with two current world-class LNG production projects in Alaska and Mauritania-Senegal and volumes booked from the US Gulf…

News Nudges

Burckhardt profits jump

Swiss company Burckhardt Compression, whose LNG offerings include its Laby brand of compressors and boil-off gas solutions, reported high order intake and sales for the first half and with operating profit and net profit both sharply higher year-on-year. Fiscal first-half operating income from April to September almost tripled to 16.65 million Swiss francs ($16.83M) compared with 5.62M francs in the same six months of 2018. Net income rose almost four-fold to 11.75M francs from 2.28M francs in the year-ago period.


GTT accord in China

French LNG storage tank technology company GTT and the major state-owned company Beijing Enterprises Group (BEG) have signed an accord concerning the evaluation of containment technology for onshore storage tanks, through its subsidiary Beijing Gas Group Co. The signing took place during the visit to Beijing of French President Emmanuel Macron for talks with Chinese President Xi Jinping.


NextDecade cuts losses

NextDecade Corp., the developer of the Rio Grande LNG export project in the Port of Brownsville, narrowed its third-quarter net losses to $6.36 million from $10.9M in the year ago quarter as it reduced operating expenses. Nine-month losses amounted to $30.13M versus $30.63M in the same period of 2018. The Nasdaq-listed company is also pursuing an associated 137-mile Rio Bravo pipeline in south Texas to supply feed-gas and it also has the option to develop a second export plant called the Galveston Bay project on a 994-acre site secured near Texas City.