This week

France has ambitious plans
to curb natural gas industry

While France remains in the Top 10 of US LNG importers and a major market player in Europe, its energy mix of 20 percent natural gas use is supposed to be reduced by 7 percent by 2030 under its carbon-dioxide reduction commitments.

Latest News
Fluxys Belgium, the gas transmission and Zeebrugge liquefied natural gas import terminal operator, posted increased first-half net profits as ship traffic remained strong and truck-trailer LNG loadings…
Höegh LNG Partners, the US affiliate of Höegh LNG Holdings now partnered with the infrastructure unit of US investment bank Morgan Stanley, has reorganized part of its…
Malaysian energy company Petronas has reported a fire at its main onshore liquefied natural gas production plant at Bintulu, located in the eastern state of Sarawak on…
Southern California Gas Co. (SoCalGas), based in Los Angeles and owned by the Louisiana Cameron LNG plant operator, Sempra Energy, has agreed to pay around $1.1 billion…
France’s Commission de Régulation de l'Energie (CRE) has given the go-ahead for a further increase in the cost of imported natural gas, leading to an immediate jump…
Free ReadAdriatic LNG, the operator of the largest LNG regasification terminal in Italy located offshore the eastern Veneto coastline, has formally launched its open season to allocate capacity…
The US front-month New York Mercantile Exchange natural gas price soared to seasonal record heights before expiration as the nation saw the cancellation of one of the…
JERA Co. Inc., the largest Japanese utility and liquefied natural gas importer, has decided to acquire a 27 percent stake in Aboitiz Power Corp. for $1.58 billion…
US LNG equipment-maker and industrial gases company Air Products has signed a $12-billion project financing and assets agreement for a gasification and power venture for Jazan Economic…
Free ReadThe French port of Le Havre has entered the liquefied natural gas era by hosting the bunkering of the latest LNG-powered newbuilt polar explorer vessel, “Le Commandant…

JGC LNG award

Dec 3 (LNGJ) - JGC Holdings Corp., the Japanese energy and LNG projects engineer, said it was awarded a front-end engineering and design (FEED) contract, along with consortium partner Samsung Heavy Industries of South Korea, for a nearshore floating LNG facility in Malaysia for national oil and gas company Petronas.

   Petronas had launched a FEED competition for the FLNG project with a minimum production capacity of 2 million tonnes per annum using feed gas supplied via an existing pipeline from an offshore gas field in the Malaysian state of Sabah. “Upon completion of the FEED competition, the engineering, procurement and construction contract will be awarded by Petronas, subject to a final investment decision, to the successful contractor,” said JGC.

LNG cargo for UK

Dec 3 (LNGJ) - A cargo is heading for the UK from the Cameron LNG export plant in Louisiana. The 174,000 cubic metres capacity vessel “LNG Endeavour” is scheduled to deliver a shipment on December 10 to the UK Dragon import terminal in the Welsh port of Milford Haven, according to port authorities.

Vietnam LNG accord

Dec 2 (LNGJ) - Vietnamese President Nguyen Xuan Phuc and Leonid Mikhelson, Chief Executive of Russian natural gas company Novatek, held a meeting in Moscow to discuss the supply of LNG from Novatek’s Arctic LNG export projects and a cooperation accord has now been signed with PetroVietnam.

   “Parties to the agreement intend to cooperate on LNG infrastructure projects with the view to meeting the growing demand for electricity in Vietnam,” said a statement. “The agreement represents an important step in the development of the company’s cooperation with Vietnamese corporations, which received an additional impetus after Novatek opened its representative office in Vietnam,” it added.

Teekay merger deal

Dec 2 (LNGJ) - Teekay LNG Partners said a special meeting of common unit-holders of the Partnership voted to approve the proposed acquisition by merger of Teekay LNG by a unit of the US investment fund Stonepeak.

   “In addition, Teekay LNG has received all required customer approvals to complete the merger,” stated Teekay. “Upon closing of the merger, Teekay LNG’s common unit-holders will receive $17.00 per common unit in cash. The merger is currently anticipated to close in mid-January 2022,” it added.

IMO Assembly date

Dec 1 (LNGJ) - The London-based United Nations agency, the International Maritime Organization whose sulphur and emissions curbs on marine fuel have led to the growth of the LNG-powered shipping fleet, will hold its 32nd IMO Assembly from December 6th to the 15th as a virtual session.

   The Assembly is open to all 175 IMO Member States and three Associate Members. It will also be attended by observers from intergovernmental and non-governmental organizations. The meeting will consider resolutions covering issues such as the prevention and suppression of piracy and armed robbery against ships and illicit activity in the Gulf of Guinea as well as the challenges faced by seafarers from the Covid-19 pandemic.

Texas LNG for UK

Nov 30 (LNGJ) - The UK will receive its second December liquefied natural gas cargo from the US when the vessel “British Listener” with 173,640 cubic metres capacity berths on December 6 at the South Hook import terminal in Wales with a shipment from the Freeport plant in Texas, according to port authorities.

   The shipment was heading for UK shores as the nation’s National Balancing Point (NBP) benchmark natural gas price was last at around $32 per million British thermal units.

Peru LNG liftings

Nov 29 (LNGJ) - November cargo liftings of liquefied natural gas from the Pampa Melchorita export plant on the Pacific Coast of Peru have been made by vessels with around 173,000 of capacity, the “Murex”, the “Maran Gas Roxana” and the “Valencia Knutsen”.

Norway gas boost

Nov 26 (LNGJ) - Norwegian energy company Equinor said it would invest 10 billion Norwegian crowns ($995M) to change the Oseberg field from primarily being an oil field to becoming a substantial natural gas producer with large remaining gas resources. “Oil production is in the tail phase, but 60 percent of the gas resources are still in the ground. When it comes to gas, Oseberg is also one of the major fields, with only Troll and Snøhvit having more remaining gas resources on the Norwegian Continental Shelf,” said Equinor.

   Oseberg is the third-largest oil producer ever on the NCS. “When Oseberg came on stream, it was expected to produce around one billion barrels of oil, but the total will be around 3.2 billion barrels of oil,” added Equinor. Equinor said an amended plan for development and operation (PDO) has been submitted to the Norwegian Minister pf Petroleum and Energy Marte Mjøs Persen.

LNG for UK Dec 2

Nov 25 (LNGJ) - The UK will receive its first December liquefied natural gas cargo from the US Sabine Pass plant in Louisiana. The 140,071 cubic metres capacity carrier “Arctic Voyager” is scheduled to deliver the shipment on December 2 to the South Hook import terminal in Wales from the Louisiana plant operated by Cheniere Energy.

LNG buying signal

Nov 24 (LNGJ) - JERA Co. Inc., the largest Japanese LNG buyer and power assets holder, has issued its winter electricity supply outlook for December 2021 to February 2022 and said more spot LNG cargoes may have to be purchased. “Last winter, factors such as a sharp increase in electricity demand caused by intermittent cold weather and a decline in LNG inventories that curbed power generation led to a tightening of electricity supply-demand,” JERA recalled.

   “JERA believes it is important that the global fuel supply-demand situation be clearly reflected in bid prices on the Japan Electric Power Exchange (JEPX) domestic electricity spot market and that appropriate price signals be sent to the market.,” it explained. “In addition, JERA will revise its approach to marginal cost as reflected in bidding prices on the JEPX spot market for the Tokyo area to incorporate the price of additional fuel such as LNG spot procurement,” stated the company.

Peru LNG for UK

Nov 23 (LNGJ) - The 174,000 cubic metres capacity vessel “Pearl LNG is scheduled to deliver a cargo on November 28 to the UK Dragon import terminal in the Welsh Port of Milford Haven from the Pampa Melchorita liquefaction facility on the Pacific Coast of Peru, according to port authorities.

UAE gas contract

Nov 22 (LNGJ) - Técnicas Reunidas, the Spanish engineering company, and a local partner in the United Arab Emirates were awarded a $950 million contract in Abu Dhabi for the world’s largest offshore sour natural gas development in the Ghasha concession.

   The award was made by Abu Dhabi National Oil Company and the work scope covers several fields with production capacity of around 340 million standard cubic feet per day by 2025. The offshore gas fields are located 190 kilometres northwest of the emirate of Abu Dhabi.

Russians are coming

Nov 19 (LNG) - The UK is set to receive a liquefied natural gas cargo next week from Russia. The 172,600 cubic metres capacity vessel “Christophe De Margerie” is scheduled to deliver a shipment on November 24 to the UK Dragon terminal at Milford Haven in Wales from the Yamal export facility in Arctic Russia, according to port authorities.

   A previous Russian cargo was delivered to the UK on June 15 to the Isle of Grain terminal on the Medway-Thames estuary 45 miles southeast of London onboard the 177,000 cubic metres of capacity carrier “Boris Vilkitsky”. At that time the UK benchmark National Balancing Point (NBP) natural gas price was at the equivalent of $9.55 per million British thermal units. It was quoted on November 19 at $32.35 per MMBtu.

US LNG for UK

Nov 18 (LNGJ) - The UK is set to receive an LNG cargo from the US Gulf Coast on November 24, according to the port authorities at Milford Haven in Wales. The 145,000 cubic metres capacity carrier “Methane Lydon Volney” is scheduled to deliver a shipment to the South Hook import terminal from the Sabine Pass liquefaction plant in Louisiana, operated by Cheniere Energy.

Clean methodology

Nov 17 (LNGJ) - Pavilion Energy of Singapore along with QatarEnergy and US major Chevron Corp. have jointly published a “quantification and reporting methodology” to produce a statement of greenhouse-gas emissions for delivered LNG cargoes.

   This is the first such published methodology that will be applied to sales and purchase agreements (SPAs), specifically the executed SPAs of Pavilion Energy with QatarEnergy and Chevron. “Intended for wide adoption, the methodology provides a calculation and reporting framework for greenhouse-gas emissions from wellhead-to-discharge terminal, based on industry standards,” they said.

Flex LNG boosted

Nov 16 (LNGJ) - Flex LNG, the shipping company with a fleet of 13 vessels, reported higher third-quarter revenues of $81.8 million and increased quarterly net income to $32.8M. “In the fourth quarter, we will also be handsomely rewarded for maintaining a 30 percent exposure to the spot market as the spot market is currently at all-time highs,” said Øystein Kalleklev, Chief Executive of Flex LNG Management AS.

   The Bermuda-based company’s average time charter equivalent rates were $68,341 per day for the third quarter, up from $57,780 per day in the previous three months. “Since April, we have secured long-term fixed hire employment for eight of our ships, with an option for a ninth,” said Kalleklev. “Our firm contract backlog is now about 33 years with a further 36 years of optional backlog,” added the CEO.

‘Coral-Sul FLNG’ named

Nov 15 (LNG) - The “Coral-Sul FLNG” vessel, the floating LNG hull to be deployed in 2022 in the deep waters of Mozambique in southeast Africa, has been formally name at the Samsung Heavy Industries shipyard in Geoje in South Korea. The guests of honour were Mozambican President Filipe Jacinto Nyusia and South Korean President Moon Jae-In.

   Italian energy company Eni said it attended as delegated operator and on behalf of its Mozambique Rovuma Basin Area 4 licence partners. These are ExxonMobil Corp., China National Petroleum Corp., Galp of Portugal, Korea Gas Corp. and Mozambique’s Empresa Nacional de Hidrocarbonetos (ENH), the state energy company.

Second Qatari cargo

Nov 15 (LNGJ) - QatarEnergy is keeping up a steady stream of LNG deliveries into the UK with a second arriving at the end of this week on Sunday, November 21, from the Ras Laffan plant in the Gulf. The shipment is on board the 261,900 cubic metres capacity Q-Max vessel, the “Shagra”. This will follow the earlier arrival on November 17 of the 205,950 cubic metres capacity Q-Flex vessel “Fraiha” at the South Hook import terminal at Milford Haven in Wales, according to the port authorities.

London LNG order

Nov 12 (LNGJ) - Purus Marine, a London-based maritime holding company that owns vessels and infrastructure equipment, has decided to acquire two LNG carriers with capacities of 180,000 cubic metres and with delivery set for the third quarter of 2024, directly into multi-year time charters with an unnamed energy major. A ship management firm will provide technical and commercial services for the vessels. “This acquisition diversifies our fleet and allows us to further support the maritime industry’s transition to a lower-carbon future,” said Svein Engh, a Purus board member.

JGC boosts profits

Nov 11 (LNGJ) - JGC Holdings Corp., with LNG contracts in Canada, Mozambique and Nigeria, reported a jump in first-half net profits as sales increased to 219.9 billion Japanese yen ($1.9Bln) from 199.4Bln yen ($1.7Bln) in the same six months of 2020, while forecasting an increase in LNG contracts in the next couple years. JGC’s profits in the period came to $48.4Bln yen versus 3.9Bln yen in the prior-year’s first half.

   JGC said outstanding LNG contracts were valued at 408Bln yen ($3.6Bln). These included LNG Canada in British Columbia and the Mozambique FLNG venture in southeast Africa. Other oil and gas sector contracts include a major oil refinery overhaul at Basra in Iraq. “Developments in large LNG projects are likely in fiscal 2022 and later,” said JGC.

Cargo for UK Nov 17

Nov 10 (LNGJ) - Qatargas is keeping up a steady stream of LNG deliveries into the UK. The 205,950 cubic metres capacity Q-Flex vessel “Fraiha” is scheduled to discharge a shipment on November 17 at the South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar. A shipment of LNG can keep a large city supplied with power for about a week.

Madrid LNG station

Nov 9 (LNGJ) - Grupo HAM of Spain has inaugurated a new LNG filling station at Valdemoro in Madrid, located at Narciso Monturiol 28, not far from the A-4, also known as the South Highway, and adding to its network of 80 natural gas filling stations.

   “Valdemoro's new LNG mobile gas station has a 60 cubic metres capacity tank, with an LNG dispenser, which allows our customers to refuel quickly and safely, with a performance equal to that of our fixed stations,” said a statement. “Valdemoro is monitored remotely by our team to guarantee its perfect operation and quickly solve any incident. In addition, our clients can contact our technicians by calling the 24-hour telephone number that we put at their disposal,” added the company.

Two cargoes for UK

Nov 8 (LNGJ) - The UK is expecting two LNG cargo deliveries this week, one form from Qatar and one from Peru. The 258,000 cubic metres capacity Q-Max vessel “Al Samriya” is scheduled to arrive on November 12 at the South Hook terminal at Milford Haven with a shipment from Ras Laffan in Qatar.

   The second cargo delivery is on board the 174,000 cubic metres capacity carrier “GasLog Gladstone”. The shipment is expected on November 14 at the adjacent Dragon terminal at the Welsh port from the Pampa Melchorita plant on the Pacific Coast of Peru, according to port authorities.

LNG Canada deal

Nov 5 (LNGJ) - ARC Resources, the Canadian company based in Calgary and with a diverse portfolio in the Montney basin, entered into a long-term gas supply agreement to deliver about 150 million cubic feet per day of natural gas from ARC's Sunrise facility to a shareholder in LNG Canada, the export project under construction on the Pacific Coast of British Columbia.

   ARC made the announcement as it delivered record quarterly production of an average 353,657 barrels of oil equivalent per day and generated funds from operations of C$765 million (US$615M).

US-China LNG deal

Nov 4 (LNGJ) - US LNG plant developer Venture Global has confirmed two long-term liquefied natural gas supply deals with China Petroleum and Chemical Corp., known as Sinopec, and its trading arm Unipec and previously revealed on October 20 by the US Department of Energy.

   Venture Global will supply 4 million tonnes per annum of LNG to Sinopec for 20 years from the Plaquemines LNG plant to be built on the west bank of the Mississippi River in Louisiana. In addition, Unipec has agreed to purchase up to 3.8 MTPA of LNG from Venture Global’s Calcasieu Pass facility under construction south of the city of Lake Charles. “Venture Global will soon become the largest US LNG exporter to China,” said Michael Sabel, Chief Executive of Venture Global. “This will accelerate our combined efforts to lower carbon emissions and provide a low-cost, reliable and secure energy supply to China,” added the CEO.

UK LNG from Peru

Nov 3 (LNGJ) - The 167,400 cubic metres capacity carrier “Methane Mickie Harper” is scheduled arrive at the UK Dragon LNG import terminal in Milford Haven in Wales from the Pampa Melchorita export plant on the Pacific Coast of Peru.

   The vessel was heading for UK shores as the nation’s National Balancing Point (NBP) benchmark natural gas price was last at around $23.65 per million British thermal units, up from $22.70 per MMBtu.

Beach CEO search

Nov 2 (LNGJ) - Beach Energy, set to be the newest Australian LNG export company from onshore Perth Basin resources, said Chief Executive Matt Kay was leaving Beach to pursue other opportunities. Beach Chief Financial Officer Morné Engelbrecht was appointed acting CEO effective immediately while a search is conducted to find Kay’s replacement.

   Beach Chairman Glenn Davis paid tribute to Kay for his leadership in transforming the company into a strategically diverse business that is well positioned to deliver material gas production into the tightening Australian East Coast, New Zealand and international LNG markets.

More LNG for UK

Nov 1 (LNG) - The 205,980 cubic metres capacity Q-Flex LNG carrier “Al Bahiya” is scheduled to deliver the UK’s second November shipment on November 5 at the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar.

   The shipment was heading for UK shores as the nation’s National Balancing Point (NBP) benchmark natural gas price was last at around $22.70 per million British thermal units, down from recent record highs.

Merger timetable

Oct 29 (LNGJ) - Oil Search, the Papua New Guinea LNG shareholder, has revised the timetable for seeking completion of the US$6.25-billion merger with Australian LNG plant operator Santos.

   The merger implementation deed (MID) has now changed. The PNG Court date for approval is now November 10 instead of the original date of October 27. “The Oil Search Board will update shareholders and the market in due course. Shareholders do not need to take any action in relation to the merger at this stage,” said a statement.

Upstream accord

Oct 28 (LNGJ) - Saipem, the Milan-listed energy and LNG engineering company whose projects include Arctic LNG II, Nigeria’s LNG expansion and the Virginia Gas venture in South Africa, has entered into a global project cooperation agreement with TechnipFMC, the US-based subsea company.

   The commercial agreement will pursue specific subsea umbilicals, risers and flowlines (SURF) projects where the combination can improve economics and de-risk the overall project development. “The agreement will provide a pool of complementary enabling vessels and facilities and a consolidated reel-laying and J-laying technology base,” said Stefano Porcari, Chief Operating Officer of Saipem’s Offshore Division.

Q-Max LNG for UK

Oct 27 (LNGJ) - The 261,900 cubic metres capacity Q-Max LNG carrier “Mozah” is scheduled to deliver the UK’s first November shipment. The cargo is set to arrive on November 3 at the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar. The shipment was heading for UK shores as the nation’s National Balancing Point (NBP) benchmark natural gas price was last at around $30.50 per million British thermal units.

Nakilat FSRUs plan

Oct 26 (LNGJ) - Qatari LNG shipping company Nakilat and the Turkish floating power plant provider, Karpowership, have signed an accord to collaborate in the LNG-to-power market and jointly own and operate floating storage and regasification units (FSRUs). “We are very pleased and excited to sign this agreement with Karpowership,” said Nakilat’s Chief Executive Abdullah Al-Sulaiti. “This fits very well with Nakilat’s long-term growth plan,” he added.

   Karpowership CEO Orhan Remzi Karadeniz said he was very excited to be working with Nakilat. “This will enhance our ability to offer a one-stop shop tailor-made solution to our customers through our integrated business model where we design, develop, engineer and construct our entire assets. FSRUs together with Powerships deliver energy to any country,” stated Karadeniz.

Korean orders rise

Oct 25 (LNGJ) - Korea Shipbuilding and Offshore Engineering (KSOE), the main holding company of Hyundai Heavy Industries and affiliates, has obtained a 383 billion South Korean won ($325 million) order to construct four LNG-powered petrochemical carriers.

   The 4,000 deadweight-ton vessels to be built by HHI are scheduled to be delivered to a customer in the Middle East by the first half of 2024. KSOE said it had already surpassed its annual order target for all vessels of US$14.9 billion for the three shipyard companies in the group, HHI, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard.

Q-Flex LNG for UK

Oct 22 (LNGJ) - The 206,950 cubic metres capacity Q-Flex LNG carrier, the “Al-Aamrya”, is scheduled to deliver a cargo on October 29 to the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar. The shipment was heading for UK shores as the nation’s National Balancing Point (NBP) benchmark natural gas price was last at around $30.55 per million British thermal units.

Kinder Morgan profits

Oct 21 (LNGJ) - Kinder Morgan Inc., the US pipeline giant transporting natural gas to LNG plants and to customers around America, reported third-quarter net income of $495 million compared with $455M in the same three months of 2020 and with adjusted earnings of $505M.

   “In our base natural gas business, we continue to benefit from growing global natural gas demand. Our assets are well positioned to serve growing domestic markets and export locations for LNG and Mexico,” said KMI Chief Executive Officer Steve Kean. “And with 700 billion cubic feet of high deliverability natural gas storage capacity, we are also very well-positioned to move gas domestically when and where it’s needed most,” Kean added.

Santos earnings

Oct 21 (LNGJ) - Santos of Australia, the operator of the Gladstone and Darwin LNG export plants and with stakes in Papua New Guinea assets, reported record quarterly sales revenues of US$1.14 billion versus US$797 million in the 2020 quarter as the merger process continued with PNG-based company Oil Search.

   “The merger is on track for completion by year-end and is subject to a limited number of customary conditions, including Oil Search shareholder approval, regulatory approvals and Papua New Guinea court approval,” said Santos.

Beach Energy positive

Oct 20 (LNGJ) - Beach Energy, Australia's newest LNG firm after signing a first supply deal with BP of the UK from the Waitsia Gas project in the onshore Perth Basin of Western Australia, reported a net cash position for its fiscal first quarter. “Liquidity increased to A$643 million (US$480) with net cash of A$43M at 30 September 2021,” said the exploration and production company.

   “Sales revenue of A$388M was down 8 percent from the previous quarter and partially offset by higher liquids prices,” it added. Beach’s agreement with BP is for all of the company's 3.75 million tonnes per annum of Waitsia project volumes from the second half of 2023. Beach’s 50-50 partner in the project is Japanese trading house Mitsui.

Cargoes for Asia

Oct 19 (LNGJ) - Global LNG shipments are continuing to point at North Asia amid continued elevated spot prices of around $34 per million British thermal units for the Japan-Korea Marker.

   The 154,950 cubic metres capacity carrier “Asia Vision” is scheduled to deliver a cargo on October 22 to the Zhoushan import terminal in China’s eastern Zheijang province from the Gorgon plant on Barrow Island in Western Australia. Among scores of other LNG vessels that have lifted cargos for Asia, the 261,980 cubic metres capacity vessel Q-Max carrier “Al Dafna” is scheduled to discharge a Ras Laffan cargo on October 31 at the Pyeongtaek import terminal in South Korea.

Wetselaar praised

Oct 18 (LNGJ) - Royal Dutch Shell Chief Executive Ben van Beurden has praised the contribution to LNG development at Shell of Integrated Gas and Renewable and Energy Solutions director Maarten Wetselaar, who will leave the company on October 25 after more than 25 years of service. Wetselaar will join Spanish energy company Cepsa as Chief Executive from January 2022.

   “I am immensely grateful to Maarten for his outstanding contribution to Shell and our customers, for his vision and drive in shaping a world-class LNG portfolio, and for laying the foundations of our power and renewable solutions business. I wish him well in his new role,” stated Van Beurden. Wael Sawan will replace Wetselaar as head of the Integrated Gas and Renewables division.

KBR settlement

Oct 15 (LNGJ) - KBR said a liquefied natural gas engineering joint venture in which the Houston-based firm had a 30 percent ownership interest, JKC Australia LNG, had signed a binding settlement agreement resolving outstanding disputes over the Ichthys LNG project near Darwin. KBR’s partners were Japan’s JGC Corp and Chiyoda Corp.

   “We are pleased to announce the resolution of disputes between JKC and its client,” said Stuart Bradie, KBR President and Chief Executive of the Ichthys LNG plant of Inpex Corp. of Japan and France’s TotalEnergies. However, KBR noted that this deal did not affect the continuing pursuit of JKC's claim against its sub-contractor associated with a combined cycle power plant project.

TotalEnergies strategy

Oct 15 (LNGJ) - TotalEnergies Chief Executive Patrick Pouyanné told a virtual energy conference that while everyone wanted an energy transition to cleaner fuel and there was “huge pressure” to quit fossil fuels it remained a fact that these same fossil fuels currently represent 80 percent of the energy supply today on the planet. Regarding decarbonization strategies, Pouyanné said carbon offsets do not help and TotalEnergies remained focused on cutting emissions directly from its operations. “We are building a multi-energy company with oil and gas, but also renewables and electricity,” added Pouyanné.

   The CEO said he remained “bullish” on natural gas, and LNG in particular, because TotalEnergies sees natural gas as the right choice for the energy transition. TotalEnergies has worldwide LNG investments, including the currently stalled liquefaction and export project in Mozambique.

Q-Flex LNG for UK

Oct 14 (LNGJ) - The 210,100 cubic metres capacity Q-Flex LNG carrier, the “Duhail”. is scheduled to deliver a cargo on October 21 to the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar. The shipment will be arriving in the UK after the National Balancing Point (NBP) benchmark natural gas price rebounded this week, though was still down from record levels reached on October 6.

Ravenna ship naming

Oct 13 (LNGJ) - Italian utility Edison and Knutsen OAS Shipping of Norway have held a naming ceremony at the northeast Italian port of Ravenna for the 30,000 cubic metres capacity LNG carrier, “Ravenna Knutsen”. The vessel will serve a small-scale LNG import terminal joint venture at the port.

   The terminal will supply at least 12,000 trucks and up to 48 ferries per annum with LNG fuel. Edison and Spain’s gas grid operator Enagás are shareholders in the Italian facility and are cooperating on developing small-scale LNG use in the Mediterranean region of both Italy and Spain. “The vessel is pivotal in the first integrated small-scale LNG logistics chain in Italy, which Edison has built to promote the decarbonisation of maritime and heavy transport,” said Edison.

Nova Energies contract

Oct 12 (LNGJ) - Technip Energies, the engineering company whose current contracts include the Arctic LNG II export project in Russia, has created a joint venture, Nova Energies, to become the main carbon-capture project firm in Russia with Arctic LNG engineering partner, the Russian company Nipigas. The Nova joint venture has been chosen by Russia’s largest petrochemicals company, the Sibur Group, to study potential carbon-capture solutions at its largest plant.

   “We are pleased to announce that the Nipigas team in partnership with Technip Energies has begun the development of a project to reduce carbon emissions of the largest petrochemical enterprise in our country and at the main production asset of Sibur,” said Dmitry Evstafiev, General Director of Nipigas. “This project gives Nova Energies an opportunity to contribute to the development and to take a leading position in the market for the energy transition in our country,” added Evstafiev.

Qatar Energy debuts

Oct 11 (LNGJ) - Qatar Petroleum, owner of the world’s largest LNG export plant at Ras Laffan in the Gulf, has changed its name to Qatar Energy. “It’s more of a reflection of what we’re actually doing that wasn’t reflected by the name that we had,” said President and Chief Executive Saad Sherida Al-Kaabi.

   Al-Kaabi, who is also the Qatari Minister of State for Energy, said the new Qatar Energy state-owned company also wanted to be more efficient and environmentally sound as it expanded production from 77 million tonnes per annum to an eventual 127 MTPA by 2027. Al-Kaabi added that regasified LNG, which generates lower emissions than other fossil fuels such as oil and coal, would remain part of the global energy mix for years to come even as the world slowly shifted to renewable energy sources.

Qatar cargo for UK

Oct 11 (LNGJ) - The 261,000 cubic metres capacity Q-Max LNG carrier, the “Mekaines”. is scheduled to deliver a cargo on October 14 to the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar.

   The shipment was lifted on September 26 and is arriving in the UK as the National Balancing Point (NBP) benchmark natural gas price was quoted at the equivalent of $30.25 per million British thermal units, down from last week’s record levels.

Alaska LNG stirs

Oct 8 (LNGJ) - Alaska Gasline Development Corp. (AGDC), the state-run body and owner of the Alaska LNG project which has been dormant because of the high development costs, has released a consultancy report detailing the environmental benefits achieved by building the export plant utilizing North Slope natural gas to replace high-emissions coal in Asia. “Alaska has some of the world’s strictest environmental laws, and Alaska natural gas should be a key component of any realistic energy roadmap,” said Alaska Governor Mike Dunleavy.

   AGDC has all its regulatory permits covering three liquefaction Trains with 20 million tonnes per annum of capacity, two 240,000 cubic metres capacity storage tanks as well as a 807-mile natural gas pipeline from Prudhoe Bay to Nikiski on the Kenai Peninsula. AGDC President Frank Richards said the justification for Alaska LNG was a “compelling” one. “This timely report uses respected and transparent methodologies to quantify the value of replacing high-emissions energy sources in foreign markets with the low-emissions at Alaska LNG,” added Richards.

Golar LNG bonds

Oct 7 (LNGJ) - Golar LNG Limited, the carrier fleet owner and project developer, has successfully placed US$300 million in senior unsecured bonds in the Nordic bond market. “The bonds will mature in October 2025 and bear interest of 7.00 percent per annum,” said Golar.

   “Net proceeds from the bond issue will be applied towards the refinancing of the company’s outstanding convertible bonds maturing in February 2022 and general corporate purposes,” it added. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The Nordic banks, DNB Markets and Pareto Securities AS, acted as global coordinators and Danske Bank and Nordea Bank as joint lead managers of the placement.

Stolt-Nielsen boost

Oct 6 (LNG) - Stolt-Nielsen, the London-headquartered Norwegian company with interests including terminals, shipping and the Avenir small-scale LNG business, said third-quarter net profits rose to $33.5 million from revenues of $580.9M, an increase on the prior-year quarter’s earnings of $30.36M and revenues of $474.0M.

   “Momentum at Avenir LNG has accelerated with the commissioning of the Sardinia terminal and multiple ship deliveries throughout the second half of 2021, said Niels G. Stolt-Nielsen,company Chief Executive. “The first two vessels are already employed under solid charter arrangements with Petronas (Malaysia) and New Fortress Energy (USA). The third ship, ‘Avenir Aspiration’, now due for delivery, will enter into service to supply our HIGAS terminal in Sardinia, which began commercial operations in August,” added the CEO.

Nord Stream II test

Oct 5 (LNGJ) - Nord Stream II, the Gazprom-led pipeline natural gas project taking additional gas from Russia to Germany and the European Union in competition to LNG, has started filling one of its two pipelines ahead of commercial operations scheduled for year-end. The pipeline will double Russia’s existing gas pipeline export capacity under the Baltic Sea to 110 billion cubic metres, equal to more than a half of Russia’s current total pipeline gas supplies to Europe.