In this issue

 

The platform allows participating firms to key in their bids and offers for all to seeLNG Journal editor Intercontinental Exchange Inc. a leading operator of global exchanges and clearing houses,…
LNG Journal editor French energy major Total and Tellurian Inc. of the US have signed definitive agreements for $500 million of investments in the US Driftwood LNG export plant and…
Free ReadThe United States said natural gas production will average a record 91.3 billion cubic feet per day in 2019, up 8.0 Bcf per day from the previous record in 2018,…
LNG Journal editor Three Dutch companies have cooperated in the bunkering with liquefied natural gas off Indonesia of the world’s largest and strongest semi-submersible crane, now headed for Europe.
European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London soared almost 27 percent in June but at much lower prices compared with the same month in…
The Singapore office of international law firm, Ince, has given additional details of the planned Hong Kong offshore LNG import terminal project, involving the world’s largest floating storage and regasification…
Free ReadLNG Journal editor French shipping company Brittany Ferries said its third chartered ferry powered by liquefied natural gas has been named the “Santoña” and it expects British passengers to remain…
LNG Journal editor Novatek, the Russian natural company and owner of the Yamal LNG export plant in northern Siberia, has formally ended its re-loading activities offshore the Norwegian port of…
LNG Journal editor Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making more progress on its Indonesian and Philippines ventures, including the Sengkang LNG…
Free ReadSpot liquefied natural gas cargoes delivered to Japan last month cost $2.20 per million British thermal units more than in the previous month even as market prices were much lower…
Murphy Oil, the US company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, said it completed the sale of its Malaysian assets…
LNG Journal editor Lloyd's Register, the UK maritime classification society, has signed an agreement with a group of six Chinese companies to design and develop an LNG carrier with membrane-type…
South Korean shipyards are the builders of choice for the global liquefied natural gas carrier market with a share of over 80 percent of newbuilds, though executives regret that the…
Free ReadUS regulators have issued environmental  impact statement as a draft for public comment LNG Journal editor The US Federal Energy Regulatory Commission has issued the draft environmental impact statement on…

News Nudges

Pemex adds to gas projects

Mexican state energy company Petróleos Mexicanos (Pemex) is seeking a 2020 budget of 523,425 billion pesos ($27 billion), an almost 9 percent increase from the amount approved by the government for 2019. Pemex is focusing on brings natural gas fields on stream to reduce the medium-term financial burden of LNG and pipeline natural gas imports and about half of the 2020 budget will go on exploration and production. The onshore Ixachi natural gas and condensate project in Veracruz state is one of the fields being targeted as the nation’s third-largest upstream project. Pemex plans to drill 47 wells at Ixachi, where natural gas output is expected to reach more than 635 million cubic feet per day. Ixachi is one of 20 fields with accelerating development plans as Pemex seeks to reverse more than 10 years of declining oil and natural gas output.


OLT Offshore on track

OLT Offshore LNG Toscana’s terminal offshore the west coast of Italy will work at 100 percent of its capacity with 41 slots being used for the Gas Year 2019-2020 with the total allocated capacity amounting to 6.3 million cubic metres. “This confirms the effectiveness of the new allocation capacity mechanism via auctions introduced in 2018, which makes the regasification sector more flexible and in line with market demands, both for the spot market and the long-term and medium-term ones,” said OLT Offshore. The “FSRU Toscana” offshore the port of Livorno will also be increasing the small-scale services available once modifications are completed. Small-scale commercial activities are expected to begin in 2021, allowing slots for small carriers to deliver LNG into storage under construction at regional ports for services such as the provision of trucking fuel and bunkering.


GTT storage tank orders

French LNG storage tanks technology company Gaztransport & Technigaz (GTT) said it received two separate orders from the South Korean shipyard Hyundai Heavy Industries on behalf of two Greek shipping lines, Tsakos Energy Navigation and Capital Gas Carriers. Both vessels will have storage capacity of 174,000 cubic metres. “GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system,” said the Paris-based company. “The delivery of the ships is planned during the fourth quarter of 2021,” added GT.