In this issue

 

LNG Journal editor McDermott International, said it had received unsolicited approaches to sell all or part of its Lummus Technology business with a valuation exceeding $2.5 billion and analysts said…
Chart Industries, the maker of equipment for the liquefied natural gas and industrial gas industries, said it was awarded the contract to supply four LNG fuel tanks for the marine…
Free ReadMISC Berhad, the Malaysian shipping line with an LNG fleet of more than 30 vessels, said it signed an agreement with Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and…
LNG Journal editor Kosmos Energy, a stakeholder in several floating liquefied natural gas projects offshore West Africa, said that the latest drilling in the offshore Yakaar-Teranga fields encountered world-scale resources…
Australian LNG and energy company Santos said that the Barossa natural gas field joint venture aiming to supply backfill feed-gas for Darwin LNG has taken another step towards a final…
Free ReadLNG Journal editor Eagle LNG Partners said the US Federal Energy Regulatory Commission had granted authorization for the siting and construction of its second proposed small-scale LNG export facility at…
LNG Journal editor Gaztransport and Technigaz (GGT), the Paris-based LNG maritime containment tank system designer, has received approval in principle for its Mark III Flex system from French classification society,…
Indian liquefied natural gas imports jumped for a fifth month of the current fiscal year as volumes received rose more than 10 percent with supplies coming from Atlantic Basin countries…
Vitol, the global commodities company, has signed a 10-year time charter agreement with South Korean company H-Line Shipping for a newbuild liquefied natural gas carrier as its portfolio expands with…
Free ReadLNG Journal editor Fluxys Belgium reported record activity levels at the Zeebrugge liquefied natural gas import terminal in its first-half earnings for its regulated business and pointed out that the…
Italian natural gas network company Societa Nazionale Metanodotti (SNAM) has agreed to acquire a controlling stake in the OLT Offshore LNG Toscana company which operates the floating regasification terminal off…
LNG Journal editor The American Gas Association has welcomed the new natural gas transmission pipeline safety rules from the Pipeline and Hazardous Materials Safety Administration (PHMSA) as representing a consensus…
Free ReadGazprom of Russia, the world’s largest natural gas company and a main pipeline supplier to Western and Central Europe, is facing a phenomenon dating from the collapse of the Soviet…
Vitol pledges to help African nation to create additional asset values and develop expertise LNG Journal editor Vitol, the global commodities company, has set up a joint venture with the…

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.