In this issue

 

TC Energy Corp., the Canadian natural gas pipeline company, reported strong four-quarter results from US and Mexican activities, though posted a huge quarterly impairment charge related to the rising costs…
LNG News Editor:  Spain increased its imports of Russian liquefied natural gas in 2022 despite Western sanctions over the invasion of Ukraine and with only the UK out of leading…
Free ReadGasunie, the Dutch utility and LNG import terminal shareholder in the Netherlands and Germany, said it was working on options to increase LNG with further expansion of the existing capacity…
The Netherlands said that almost a year after Russia invaded Ukraine, the country had virtually stopped importing energy from Russia, though received about the same amount of Russian LNG in…
LNG News Editor:  The LNG and maritime fuel industry marked its largest recent consolidation deal, though relatively modest in scale, as BMS United Bunkers, Bunkernet and SBI bunkering BV said…
Free ReadLNG News Editor:  Despite holding almost 9 percent of the world’s proven reserves of natural gas, Africa remains the most energy-poor continent while industries rely on expensive, inefficient and polluting…
LNG News Editor:  Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland facing a A$18.4 billion (US$12.3 billion) buyout offer from a two-firm consortium led…
Tuesday, 21 February 2023
JGC Holdings Corp., the Japanese energy engineering company with current major liquefied natural gas project work in progress, reported a 30 percent jump in nine-month sales as the Yokohama-based company…
Beach Energy increased sales in the fiscal first half and was on scheduled to have first natural gas from an LNG feed-gas project in Western Australia and first gas from…
Free ReadLNG News Editor:  Qatar Gas Transport Company, known as Nakilat and with an LNG fleet of 69 vessels, has posted record net profits as demand for deliveries soared around the…
The early 2023 LNG shipping market has opened with a “trembling uncertainty” in the LNG freight market with charter rates in the first few weeks alone falling 30 percent in…
The mission report to be delivered at end of February and its conclusions shared 
Free ReadLNG News Editor:  UK major BP more than doubled annual profits, though was hit by slowing natural gas prices during the fourth quarter and expected a flat 2023 with among…
Norwegian energy major Equinor, the main supplier of pipeline natural gas to Europe and an LNG producer and exporter, reported soaring profits and record cash flow from becoming the primary…

News Nudges

Papua LNG EPC

A joint venture comprising JGC Holdings of Japan and South Korea’s Hyundai Engineering & Construction of South Korea have been awarded downstream contracts for the Papua New Guinea LNG expansion project. JGC and Hyundai were awarded a front-end engineering and design (FEED) contract and an engineering, procurement and construction (EPC) estimation contract as part of a competition by PNG plant operator ExxonMobil on behalf of the Papua LNG project partners. The project is to build 4 million tonnes per annum of LNG liquefaction capacity adjacent to the existing PNG LNG plant located northwest of the capital Port Moresby.


GTT in patents list

Gaztransport and Technigaz (GTT), the French LNG storage technology company, has taken first place for a fourth consecutive year in list of patent applications from medium-sized companies made to the French Patent and Trademark Office, l’Institut National de la Propriété Industrielle. GTT said it had 57 patents published in 2022. “In the ranking of the Top 50 patent applicants in all categories, GTT is in 23rd place and has moved up seven places compared to the 2021 list,” said the Paris-based company.


Genel Energy boost

Genel Energy plc, the London-listed oil and natural gas company with interests off the beaten track in Kurdistan and Somaliland, reported annual revenues of $432.7 million, an increase on the previous year’s $334.9M and also posted operating profit of $18.3M. “We have a very strong balance sheet with $495M of cash, net cash of $228M, at the end of 2022 and no debt maturity until 2025,” said the company.