In this issue

 

NextDecade Corp., the Texas LNG project company has signed an accord with Enbridge Inc, the Canadian pipeline company, to jointly develop pipelines in South Texas to take feed-gas to the…
Free ReadLNG Journal editor Australian engineering and construction company, Clough, said it had won the contract to build the loadout line trestle off Kitimat in British Columbia for the Royal Dutch…
Thailand PTT, the nation’s oil and gas company, said it was seeking to become a regional trader of liquefied natural gas and to increase small-scale LNG distribution in southeast Asia…
LNG Journal editor European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London soared more than 14 percent in August and were up more than 32 percent…
Free ReadLNG Journal editor Nigeria LNG Ltd., the operator of the world’s fifth-largest LNG export plant at Bonny Island on the Niger Delta, is in talks with major banks for $10…
Woodside Petroleum, the LNG operator at two plants in Western Australia and with upstream assets in southeast Asia and in the Atlantic Margin, has signed an agreement to invest in…
Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF), said a natural gas well caught fire at its huge onshore Vaca Muerta shale gas and oil basin in the northwest…
LNG Journal editor US Federal Energy Regulatory Commission Chairman Neil Chatterjee said at the plenary session of the Gastech 2019 conference in Houston that there were important potential climate benefits…
Free ReadFreeport LNG, the latest US export plant to come on stream at Quintana Island on the US Gulf coast of Texas, said it planned to launch its own LNG cargo…
LNG Journal editor Woodside Petroleum, the Australian LNG plant operator, said at the Gastech 2019 conference in Houston that it had signed a supply agreement with Uniper Global Commodities, a…
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 this could be…
LNG Journal editor Qatar Petroleum said its decision to self-finance the North Field natural gas and Ras Laffan LNG expansion, to tender for contractors and drill appraisal wells before offering…
Free ReadNaturgy Energy Group, the Spanish utility with major US and Russian liquefied natural gas supply contracts as well as global gas and power businesses, has launched a system allowing onshore…
LNG Journal editor Nigeria LNG has finally signed a letter of intent for the engineering, procurement and construction contract with a consortium of companies from Italy, Japan and South Korea…

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.