LNG

LNG Journal editor

Singapore LNG Corp., operator of the import terminal in the Asian city state, said it successfully completed modifications to its secondary jetty on Jurong Island and was now able to handle small-scale LNG carriers. 

Western Canadian natural gas producers have formed a consortium to explore ways of sending their resources to market, including the possibility of planning their own LNG export project in British Columbia. 

Pavilion Energy said it would be chartering its first liquefied natural gas bunkering vessel to supply LNG fuel in the Port of Singapore and the Japanese-owned ship will have 12,000 cubic metres of capacity. 

LNG Journal editor

Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, posted a rise in net profits as fourth-quarter spot LNG cargo rates reached record levels then slumped in the first quarter of 2019. 

Hoegh LNG, the Norwegian fleet owner and floating import project developer, reported rising profits as it advanced with projects to supply two Australian states with natural gas, while focusing on China and listing more than a dozen other countries likely to deploy floating storage and regasification units as terminals. 

LNG Journal editor

Crowley Maritime Corp., one of the US shipping lines pioneering vessels with LNG fuel capability, marked its commitment to the Florida-Puerto Rico trade route with a ceremony at San Juan port in the US Caribbean territory. 

Enagas, the Spanish natural gas network owner and LNG terminals operator, reported firm profits and the 85 percent completion of Trans Adriatic Pipeline, part of Europe’s Southern Gas Corridor. 

Teekay Partners post over 14 percent rise in annual cash flow of $515.3M from fleet

LNG Journal editor

Teekay LNG Partners, the carrier fleet operator, posted a more than 14 percent increase in total cash flow from vessel operations of $150.1 million in the fourth quarter and $515.3M for all of fiscal 2018 as it forecast rising income from the company’s stake in the Bahrain LNG import project in the Gulf. 

LNG Journal editor

Origin Energy, a stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, said it agreed to sell its Ironbark gas project in Queensland to the APLNG project to provide additional feed-gas. 

Santos, the Australian operator of the Gladstone liquefied natural gas plant in Queensland and a stakeholder in export plants in Darwin and Papua New Guinea, returned a solid annual net profit and boosted sales by 18 percent.