In this issue

 

Free ReadLNG News Editor:  Sempra, the energy company with LNG assets and projects in Louisiana and Mexico as well as power and gas businesses in California and Texas, reported a jump…
Baker Hughes, the liquefied natural gas equipment-maker and energy services company, has told investors it was well positioned to capitalize on multi-year growth in LNG and new energy projects.
Greek and Bulgarian prime ministers marked advancement of the Alexandroupolis Hub 
Free ReadLNG News Editor:  Shell reported an almost three-fold jump in earnings to $9.1 billion compared with $3.2Bln in the same three months of 2021 as quarterly LNG sales increased along…
UK major and global LNG sector participant BP reported a loss of $20.4 billion for the first quarter of 2022 as it booked a series of charges and impairments related…
LNG News Editor:  Equinor, the Norwegian major and owner of Western Europe’s only baseload liquefaction plant at Hammerfest in Northern Norway, more than doubled first-quarter revenues and income from soaring…
New Fortress Energy Inc., the expanding LNG terminals, production development and shipping and power assets holder, reported first-quarter net income of $241.2 million versus a loss of $39.5M in the…
Free ReadTC Energy, the North American natural gas pipelines and energy transportation group, reported a first-quarter profit compared with a loss in the prior-year period as it boosted LNG feed-gas provisions.…
LNG News Editor:  Chevron Corp., the LNG operator in Australia and Africa, reported a more than four-fold jump in first-quarter earnings of $6.3 billion compared with $1.4Bln in the first…
LNG News Editor:  Lithuanian fuel company Klaipedos Nafta has invited market participants to book regasification and cargo capacities for the first three months of the coming winter season from October…
LNG News Editor:  Nippon Yusen Kabushiki Kaisha, the Japanese shipping company known as NYK Line which has a US LNG investment and a fleet of 660 vessels from tankers to…
Free ReadHöegh LNG Holdings, the leading floating storage and regasification unit (FSRU) operator with 10 modern vessels, has appointment Erik Nyheim as new President and Chief Executive effective from mid-August. Nyheim…
Gaztransport and Technigaz (GTT), the French designer of maritime liquefied natural gas storage and fuel tanks, has won approval from France’s classification society Bureau Veritas for a new ballast-free LNG…
LNG News Editor:  Cheniere Energy, the largest US LNG export and owner and operator of the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, posted first-quarter…

News Nudges

Santos profits up

Santos, the Australian operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a shareholder in Papua New Guinea LNG, reported second-quarter and first-half sales revenue of US$1.87 billion and US$3.76Bln respectively. Revenue from LNG sales alone in the second quarter came to US$1.07Bln. Santos said its average realised LNG price in the quarter was US$14.66 per million British thermal units versus US$7.52 per MMBtu in the prior-year quarter.


Baker Hughes boosted

Baker Hughes posted second-quarter operating loss of $25 million compared with a profit of $194M in the prior-year period. However, the company led by Chairman and Chief Executive Lorenzo Simonelli recorded strong orders from its Turbomachinery and Process Solutions (TPS) division as the LNG order cycle continued to unfold. “TPS secured a major contract from Bechtel to provide seven mid-scale LNG trains to support the Stage 3 expansion project of Cheniere’s Corpus Christi Liquefaction facility,” said the company. “Also in LNG, TPS continued to support New Fortress Energy’s (NFE) ‘Fast LNG’ facilities project with a contract for two main refrigerant turbo-compressor strings in offshore.


Quintero LNG deal

Fluxys, the Belgian utility company and grid and Zeebrugge LNG terminal owner, has completed its acquisition with EIG Global Energy Partners of 80 percent of the shares in the Quintero LNG import terminal in Chile from Spanish grid and terminals operator Enagás and OMERS Infrastructure, the Toronto-based Canadian fund.