Movements in LNG spot prices in the Asia-Pacific region have proven difficult to forecast over the past few years with prices rising in 2017 and 2018 during a time when LNG markets were entering a period of over-capacity, then plunging in 2019 to near record lows.
The natural gas industry experienced a bonanza year with both global consumption and production increasing by more than 5 percent, one of the strongest growth rates in either gas demand or output for more than 30 years, according to the 68th annual BP Statistical Review of World Energy.
Global LNG trade is expected to reach 546 billion cubic metres per annum by 2024, increasing by 26 percent compared with 2018 and with the bulk of additional imports heading for emerging Asian economies, and especially China.
With development of the natural gas market Shenzhen City in Guangdong Province of southeast China , multi-source patterns have emerged with different gas supplying source, mainly LNG from three import terminals.
The two remaining LNG-fuelled feeder containerships from a series of four classed by the American Bureau of Shipping are being delivered during 2019 from the Wenchong Shipyard in China to the Finland-based company, Containerships.
The International Maritime Organization (IMO) has approved and adopted a comprehensive set of guidelines to support the consistent implementation of the lower 0.5 percent limit on sulfur in fuel oil for shipping, entering into effect from 1 January 2020.
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July 11 (LNGJ) - Russian natural gas company and Yamal LNG plant operator Novatek and JSC Atomenergomash, a mechanical engineering division of Russia’s nuclear body Rosatom State Corp., have signed a memorandum of understanding on forming a strategic partnership for localizing the fabrication of equipment for LNG production
The accord notes the results already achieved on the fabrication of coil-wound heat exchangers and medium-tonnage cryogenic pumps and establishes obligations for both parties to cooperate on the design, manufacture and testing of high-tonnage cryogenic pumps. Novatek and Atomenergomash said they intended to pursue long-term cooperation to localize the fabrication of pumps, heat exchangers and other equipment for Novatek’s LNG projects at the facilities of Atomenergomash, which manufactures components for all Russian-design nuclear power plants currently under construction in Russia and elsewhere.
July 8 (LNGJ) - Chubu Electric Power has decided to offer a 10-year bond worth 20 billion yen ($185 million) and a 20-year bond at 10 billion yen in domestic corporate transactions. The fossil fuel and LNG assets of Chubu and Tokyo Electric Power Co. are now run by their Jera Co Inc. joint venture as part of the reforms in the Japanese energy market. Chubu, based in Nagoya, and Tepco still run their own electricity transmission, distribution and retail businesses, and their nuclear plants.
July 2 (LNGJ) - Gaztransport & Technigaz (GTT), the French LNG storage technology company, said it received an order from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of four new LNG carriers on behalf of the Greek ship-owner Maran Gas.
The delivery of the ships each with 174,000 cubic metres capacity is planned between the end of 2021 and early 2022. “We are very pleased to continue our partnership of excellence with DSME and Maran Gas with this considerable new order,” said Philippe Berterottiere, Chairman and Chief Executive of GTT.
June 27 (LNGJ) – Gassco, the Norwegian natural gas pipeline operating company and a main competitor to LNG, has elected Jan Skogseth as its new Chairman of the board at the general meeting in Oslo. He takes over after Mimi Berdal, who has been a director since 2007 and Chairwoman of the board since 2016. Skogseth has more than 35 years of experience in the oil, gas and renewables industry, both in Norway and internationally. He was President and Chief Executive of Aibel from 2008 to 2017, and played a key role in establishing a new presence for the Norwegian oil and gas services and engineering company on several continents.
June 18 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Tembek” is scheduled to unload a shipment on June 24 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $3.90 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $3.80 per MMBtu
June 14 (LNGJ) - French maritime storage technology company GTT said it received an order from the South Korean shipyard Hyundai Heavy Industries for tank designs for two LNG carriers on behalf of the Greek shipowner Dynagas. Each vessel will have 180,000 cubic metres capacity and be equipped with GTT’s Mark III Flex-plus containment system. The vessels are scheduled for delivery in the first half of 2022.
June 10 (LNG) - Gazprom Chairman Alexey Miller and his counterpart at China National Petroleum. Corp, Wang Yilin, have held talks in St. Petersburg on the ongoing preparations for the start of Russian pipeline gas supplies to China via the eastern “Power of Siberia” project due to start up on December 1.
“The construction of the border-adjacent Atamanskaya compressor station, which will maintain the required pressure during gas deliveries to China, is nearing completion,” said Miller. Gazprom said that they also discussed cooperation between the companies in the areas of gas-fired power generation, underground gas storage and use of natural gas as a vehicle fuel.
June 7 (LNGJ) - Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, said its listing on the New York Stock Exchange would take place on June 17.
The company, already listed on the Oslo exchange, said the company's ordinary shares had been approved for listing and would commence trading on the NYSE under the ticker name “FLNG”. No new shares have been issued in connection with the listing.
June 5 (LNGJ) - Equinor, the Norwegian major and the operator of Europe’s only baseload LNG export plant at Hammerfest, has been awarded five licences by the Oil and Gas Authority of the UK, four as operator and one as partner.
“We are pleased to have been awarded these licences in the 31st Offshore Licensing Round,” said Nick Ashton, senior vice president for Equinor exploration in Norway and UK. The licences are in the Moray Firth and East Shetland Platform, expanding upon its current position in these areas of the North Sea.
“These awards in this frontier licensing round are important in continuing our high level of exploration activity on the UK Continental Shelf in support of our ambition to be a leading energy provider to the UK,” added Ashton.
May 31 (LNGJ) - Malaysian energy company Petronas said total LNG sales volumes for the first quarter were 8.45 million tonnes, slightly higher than the 7.92MT recorded in the same three months of 2018 because of higher volume from the onshore Bintulu LNG plant in Sarawak and higher trading activities. The group recorded revenues of 62.0 billion Malaysian ringgit ($14.79Bln) for the first quarter, an increase of 7 percent from the 2018 quarter.
First-quarter profit after tax came to 14.2Bln billion ringgit ($3.38Bln), a rise of 9 percent on the back of higher revenue. The Malaysian company said average gas volume sales were 2,962 million standard cubic feet per day, above the 2,806 million standard cubic feet per day reported in the same quarter last year, mainly due to higher demand from the power sector.
May 24 (LNGJ) - JAX LNG, a small-scale liquefied natural gas facility located at Dames Point in Jacksonville, Florida, has held a ribbon-cutting ceremony for the start-up of the newly constructed plant. JAX LNG is the first small-scale plant in the US with both marine and truck-loading capabilities and was constructed through a joint venture between Pivotal LNG and NorthStar Midstream.
“Pivotal is committed to transforming the nation's energy landscape by leading the way in how we supply liquefied natural gas to our customers,” said Tim Hermann, President of Pivotal LNG. “With our partners NorthStar, we've implemented innovative solutions to make clean, safe, reliable and affordable LNG available to marine and inland customers that can be served from the port of Jacksonville,” added Hermann.
May 22 (LNGJ) - The 210,000 cubic metres capacity Q-Flex carrier “Onaiza” is scheduled to unload a shipment on May 27 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $3.75 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.15 per MMBtu.
May 16 (LNGJ) - The 261,700 cubic metres capacity Q-Max carrier “Al Ghuwairiya” is scheduled to unload a shipment on May 4 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.10 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $4.05 per MMBtu.
May 14 (LNGJ) - French LNG storage technology firm GTT has received an order from the South Korean shipyard, Daewoo Shipbuilding Marine Engineering, concerning the tank design of two new 174,000 cubic metres capacity LNG carriers on behalf of the Greek ship-owner, Maran Gas. The delivery of the ships is planned for the first half of 2021.
“We are very pleased to continue our partnership of excellence with DSME with this new order for Maran Gas,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
May 9 (LNGJ) - Australian LNG operator Santos said its Barossa natural gas project offshore the northwest coast had strengthened its position as the leading candidate to extend the lifespan of the Darwin LNG export plant in the Northern Territory as the Adelaide-based company awarded the subsea production system contract for the gas field.
“Following a competitive tender, Technip Oceania Pty Ltd was the successful bidder. The engineering, procurement and construction contract represents a commitment to long-lead items in advance of a final investment decision,” said Santos. The contract includes the engineering, design and fabrication of wellheads, manifolds and control systems as well as installation and commissioning assistance.
May 7 (LNGJ) - GTT, the French LNG storage technology, has received an order notification from the South Korean shipyard of Hyundai Heavy Industries for the tank design of a new 174,000 cubic metres capacity carrier on behalf of the Greek shipowner, Capital Gas Carriers. The vessel will be fitted with the Mark III Flex membrane containment system.
The delivery of the ship is planned for the third quarter of 2021. “We are very happy to receive this new order from our long-term partner HHI and to continue to accompany Capital Gas Carriers in its development in the LNG industry,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
May 1 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Kharsaah” is scheduled to unload a shipment on May 4 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.45 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.75 per MMBtu.
April 30 (LNGJ) - Flex LNG said it signed a sale-charterback transaction with Hyundai Glovis Co. of South Korea, a logistics company that normally specializes in car-shipping vessels, for the LNG carriers “Flex Endeavour” and “Flex Enterprise”. Under the agreement, Flex LNG will sell the vessels to Hyundai Glovis for a combined gross sum of $420m, with a net consideration of $300M adjusted for a non-interest bearing seller's credit of $120M in total.
Flex explained that both carriers would then be charted back for a period of 10 years. Flex will have options to acquire the vessels during the term of the time-charters. At the end of the 10-year charter period, Flex will have the right to acquire the vessels and Hyundai Glovis will have the right to sell them back to Flex for a total consideration of $150M, net of the $120m seller's credit.
April 26 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Huwaila” is scheduled to unload a shipment on May 2 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery is headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.10 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.71 per MMBtu.
April 23 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Al Mayeda” is scheduled to unload a shipment on April 26 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery will head for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.35 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.75 per MMBtu.
April 16 (LNGJ) - ConocoPhillips said it completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million that was previously the focus for an Australian-based LNG export project. “We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, Chief Operating Officer.
“ConocoPhillips recognizes the importance of the Greater Sunrise Fields to the nation of Timor-Leste, and this sale gives them a significant working interest in this important development,” added Fox. The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise Fields, are located in the Timor Sea.
April 12 (LNGJ) - LNG Canada, the Royal Dutch Shell-led joint venture in British Columbia, said that Chief Executive Andy Calitz would step down on July 1 to be replaced by another Canada-based Shell executive Peter Zebedee. The announcement comes six months after LNG Canada’s positive final investment decision to build the export plant near the town of Kitimat. Calitz and successor Zebedee have worked for Shell for much of their careers.
Calitz, who was educated and began his energy industry career in South Africa, began working for Shell in 1996 and has led the LNG Canada project for six years. He is scheduled to return to Shell’s headquarters in The Hague when he leaves his post. Zebedee currently works for Shell in the Canadian city of Edmonton in Alberta and will relocate to BC.
April 11 (LNGJ) - Swiss company Burckhardt Compression said it was awarded a contract to equip a 30,000 cubic metres capacity LNG carrier operated by Knutsen OAS Shipping of Norway with its Laby brand of compressors. Burckhardt said the compressors would be delivered to the South Korean Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wartsila Oil & Gas Solutions of Finland. Wartsila is supplying the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel.
“The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel, allows both natural gas and marine diesel to be used as fuel for ship propulsion systems,” said Burckhardt. “Ship operators can switch between the two fuel types, maritime diesel and the boil-off gas that inevitably evaporates from LNG storage tanks, during operation,” added the Swiss company.
April 10 (LNGJ) - JERA Global Markets, the merged trading entity of JERA of Japan and French firm EDF Trading, launched its LNG activities with the purchase of an cargo from Woodside Energy Trading of Singapore. The cargo will be sourced from the Wheatstone LNG project in Western Australia and will be delivered to one of JERA’s LNG terminals in Japan during May. “We are delighted to be up and running as JERA Global Markets and the team and I look forward to expanding our LNG activities in the Asia-Pacific region,” said Kazunori Kasai, Chief Executive Officer, JERA GM.
April 9 (LNGJ) – The Japanese government’s 8th LNG Producer-Consumer Conference will be held on September 26 in Tokyo, jointly hosted by the Asia Pacific Energy Research Centre. The conference was first held in 2012 and the 2018 event was attended by over 1,000 representatives of governments, international energy organizations and companies involved in the LNG industry.
“The conference will provide the participants including ministers, heads of international organizations, corporate executives and other stakeholders with a venue for sharing the latest trends in the global LNG market and discussing opportunities and challenges,” said the Ministry of the Economy, Trade and Industry. It will be held again this year at the Convention Center of the Grand Prince Hotel New Takanawa in Minato-ku, Tokyo.
April 5 (LNGJ) - The American Bureau of Shipping granted approval in principle to two new gas carrier designs from Hudong-Zhonghua Shipbuilding of China. The two new vessel designs are for a 200,000 cubic metres capacity LNG carrier and a 147,000 cubic metres capacity Very Large Ethane Carrier.
“ABS is proud to support the pioneering work of Hudong Zhonghua in the design and delivery of gas carriers,” said Eric Kleess, ABS Senior Vice President for Eastern Hemisphere Operations. “In reviewing novel gas carrier designs, ABS is able to draw on our extensive experience in classification, supporting the safer handling, storage and transport of gas,” added Kleess.
April 4 (LNGJ) - The 210,100 cubic metres capacity Q-Flex carrier “Duhail” is scheduled to unload a shipment on April 20 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to shipping data. The delivery will head for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.30 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.65 per MMBtu.
April 2 (LNGJ) - Elengy, France’s main LNG terminal operator, has issued new tariffs for the use of its two regulated terminals from the start of April 2019. Elengy revealed that there had been further decreases of 4 percent for the Montoir-de-Bretagne facility on the Atlantic Coast and a 5 percent reduction in tariffs at the Fos Tonkin facility near the Mediterranean port of Marseille.
“Tariff applicable from 1 April 2019 for a standard cargo, about 150 000 cubic metres or 1 terawatt hour (TWh) is 0.79 euro per megawatt hour at Montoir and 1.22 euro per MWh at Fos Tonkin,” said Elengy, with further details available on its Web site. “In addition, there is a 25 percent discount (approx.) on the spot service (last minute booking, i.e. made after the 20th of month) of 0.59 euro per MWh at Montoir for a full Q-Flex type cargo,” added Elengy.
April 1 (LNGJ) - Tellurian Inc., the developer of the Driftwood LNG plant in Louisiana, said it hired former Sempra Energy executive Octavio M.C. Simoes as Senior Advisor to the Chief Executive Meg Gentle. Simoes recently retired from his role as President and CEO of Sempra LNG.
“Octavio brings 38 years of impressive energy industry experience to Tellurian’s remarkable infrastructure team,” said Gentle. “At Sempra, he led the company’s LNG and natural gas midstream activities, including development and commercialization of Cameron LNG,” added Gentle.
March 29 (LNGJ) - The 174,000 cubic metres capacity carrier “Creole Spirit” will unload a shipment on April 5 at the UK South Hook terminal at Milford Haven in Wales from the Cheniere Energy-operated Sabine Pass plant in Louisiana, according to the port authority. The US Gulf Coast delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.85 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was at the equivalent of $4.70 per MMBtu.
March 26 (LNGJ) - The 147,200 cubic metres capacity “Arctic Princess” will unload a cargo on March 27 at the Lithuanian terminal at Klaipeda from the Hammerfest plant in Norway operated by Equinor, according to shipping data. The 140,000 cubic metres capacity “Arctic Voyager” is scheduled to deliver a Norwegian cargo on March 30 to the Brazilian Salvador import terminal in northeast Bahia province. The 160,000 cubic metres capacity “Arctic Aurora” will unload a Hammerfest shipment on April 5 at the Barcelona terminal in northeast Spain.
March 21 (LNGJ) - The 210,185 cubic metres capacity Q-Flex carrier “Al Bahiya” will unload a shipment on April 3 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to shipping data. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.95 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $5.10 per MMBtu.
March 18 (LNGJ) - Tsakos Energy Navigation, the Greek shipping company, has agreed charters for its two LNG carriers. Tsakos said that it signed deals for the “Neo Energy” and the “Maria Energy” for an aggregate period of 36 months. The revenues are expected to be in the region of $60 million. “With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector,” said Chief Operating Office George Saroglou. The company’s diversified energy fleet currently consists of 48 vessels trading in crude, 15 in products, three are shuttle tankers and two are LNG carriers.
March 13 (LNGJ) - Taiwan, the world’s fifth-largest LNG importer, plans to build a third regasification terminal at Tao-Yuan in northwest Taiwan while also expanding its facilities at Tai-Chung and Yung-An in the south of the Island. Taiwanese energy company CPC said building was expected to start by the end of 2019.
The proposed Tao-Yuan terminal could start operations in early 2023 with eventual capacity of up to 5 million tonnes per annum. CPC said that the Tao-Yuan project’s first phase would give import capacity of 3 MTPA and the volumes would be used by the state utility Taipower. Taiwan, or Chinese Taipei as it is also known, imported 16.8 million tonnes of LNG in 2018.
March 8 (LNGJ) - Chinese natural gas imports rose in February compared with a year ago, though they were lower versus the January 2019 imports, according to the General Administration of Customs. Total natural gas imports, including both liquefied natural gas and pipeline gas, amounted to 7.57 million tonnes in February, down from 9.81MT in January, though up 9.2 percent from a year earlier. LNG and pipeline natural imports for the first two months of 2019 reached 17.36MT, up 18.5 percent from a year ago.
March 6 (LNGJ) - ExxonMobil, one of the leading global LNG producers, said it had revised its US Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024, an increase of almost 80 percent. The size of the company’s resource base in the Permian, located in West Texas and New Mexico, is about 10 billion oil-equivalent barrels and is likely to grow further as analysis and development activities continue. ExxonMobil has many faciities on the Texas Gulf Coast and is also building the Golden Pass LNG export plant with partner Qatar Petroleum.
ExxonMobil said it was building infrastructure to support volume growth. Plans include construction at 30 sites to enhance oil and gas processing, water handling and ensure takeaway capacity from the Permian Basin. Construction activities in the Basin include central delivery facilities to handle up to 600,000 barrels of oil and 1 billion cubic feet of gas per day and enhanced water-handling capacity through 350 miles of an already-constructed pipeline.
March 4 (LNGJ) - Kawasaki Heavy Industries of Japan is considering plans to construct liquefied natural gas carriers at a newly completed shipyard dock in northeast China as the company moves to reduce costs. The Chinese shipyard at Dalian in Liaoning Province has just completed the building of a second dock measuring 550 metres by 68 metres. The site is operated by Dalian Cosco KHI Ship Engineering, an existing joint venture between Kawasaki and China Cosco Shipping. Kawasaki currently builds its LNG carriers in Japan at its Sakaide shipyard in the western prefecture of Kagawa.
Feb 27 (LNG) - ExxonMobil Corp., one of the main global LNG producers with stakes in multiple Trains in Qatar and elsewhere, said it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. ExxonMobil's proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018. Liquids represented 64 percent of the reserves, up from 57 percent in 2017.
“We continue to add high-value, attractive assets to our portfolio that have positioned the company for long-term growth,” said Darren W. Woods, ExxonMobil chairman and Chief Executive officer.
ExxonMobil is strengthening its position in the US onshore shale basins while developing the Golden Pass LNG plant in Texas with Qatargas. “Proved additions from unconventional plays totaled approximately 1.2 billion oil-equivalent barrels. Significant additions in the Permian Basin are supported by ExxonMobil’s growth plan including increased drilling activity and infrastructure development,” it stated.
Feb 22 (LNGJ) - French maritime LNG storage technology company GTT is launching a programme for the creation of a “digital hub of excellence” in Singapore. “Specialised in maritime business process digitalisation, smart shipping and smart ports, the hub will be run by GTT's local subsidiaries: Ascenz Solutions Pte Ltd and GTT South East Asia,” said the French company. GTT said the shipping industry was increasingly opening up to new uses and services driven by information packages and software formulas.
“In addition to LNG as fuel, a market in which GTT intends to grow, the digital services will enable us to explore new paths and deliver differentiating value to new segments within the shipping industry,” said GTT Chairman and Chief Executive Philippe Berterottiere.
Feb 19 (LNGJ) - McDermott International, the US energy and LNG engineering company, has won two sizeable contracts, one from Sarawak Shell Berhad, a natural gas field operator and a unit of Royal Dutch Shell, and one from Sapura Exploration and Production, a Malaysian oil and gas services company, to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located offshore Sarawak in Malaysia. McDermott’s scope of work for Sarawak Shell includes the transportation and installation of jackets, topsides and pipelines for the Gorek gas field. The company’s scope of work for Sapura includes the transportation and installation of jackets, topsides and pipelines for the Larak and Bakong gas fields.
“These two contracts give McDermott the opportunity to strengthen our long-standing relationship with Sarawak Shell Berhad and develop a new relationship with Sapura Exploration and Production,” said Ian Prescott, McDermott’s Senior Vice President for the Asia Pacific region. “They also provide an excellent opportunity for McDermott to execute offshore projects in Malaysia using many of the company’s assets, from our highly-skilled and talented workforce to our marine assets and our global fabrication expertise,” added Prescott.
Feb 18 (LNGJ) - Excelerate Energy, the US operator of floating storage and regasification units, and Norwegian energy company Equinor completed the first ship-to-ship (STS) transfer of liquefied natural gas in The Bahamas. Excelerate said the FSRU “Exemplar” and Equinor’s LNG carrier “Arctic Voyager” conducted the operation while moored at Equinor’s South Riding Point storage and trans-shipment terminal on Grand Bahama.
“Excelerate conducted the industry’s first commercial STS transfer of LNG in 2007 and since then STS transfers have been completed and proven safe in a wide range of environments, now including The Bahamas,” stated Excelerate’s Chief Commercial Officer Daniel Bustos. “This new STS location allows us to provide additional commercial flexibility to our customers and respond to prompt market needs in a safe and reliable manner,” added Bustos.
Feb 15 (LNGJ) - Tellurian Inc., developer of the US Driftwood LNG export plant in Louisiana, said it had signed an accord with Petronet LNG of India whereby Petronet was exploring the possibility of investing in the Driftwood project.
“Petronet is India’s largest LNG importer, operating 20 million tonnes per annum of receiving terminal capacity with an additional 2.5 MTPA of capacity under construction at its Dahej expansion and a further 5 MTPA proposed at Gangavaram, said Tellurian President and Chief Executive Meg Gentle.
The Driftwood projects proposes a plant with 27.6 MTPA of liquefaction and export capacity near Lake Charles in Louisiana along with affiliated pipelines. Tellurian expects to make a final investment decision and begin construction in the first half of 2019
Feb 13 (LNGJ) - Egypt has awarded five natural gas exploration concessions to Royal Dutch Shell, ExxonMobil Corp., Petronas of Malaysia, BP of the UK, and one other to Germany’s DEA and Italian company Eni in its latest round of tenders. The licence areas include the Western Desert, the Nile Valley and the Gulf of Suez. The gas awards mean that 20 wells will be drilled and Egypt expects investments of up to $800 million in the first stage of exploration. In addition to the gas licences there were seven oil exploration concessions in which 39 wells would be drilled. Eni’s discovery of the giant Zohr gas field in 2015 has raised interest in the East Mediterranean. The Zohr find and others have enabled Egypt to meet is rising domestic natural gas demand while arranging for the resumption of LNG exports.
Feb 12 (LNGJ) - Inpex Corp., operator of the Ichthys LNG project in the Northern Territory of Australia, said it had shipped 20 cargoes since commercial operations began in October 2018, including 11 LNG by the year-end. The number was included in the nine-month earnings from April to December 2018 as it posted sales of 700.5 billion yen ($6.3Bln), down 0.4 percent from the same period of 2017. Inpex said its nine-month net income rose by 17.2 percent to 62.6Bln yen ($566 million) compared with 53.4Bln ($483M) in the same period of the previous year.
Feb 8 (LNGJ) - Aker Solutions, the Norwegian energy and LNG engineering company, is getting back on track as it reported fourth-quarter net income of 178 million Norwegian crowns ($20.7M), up on the same three months a year ago. Aker’s full-year net income came in at 554M crowns ($64.45M) versus 239M crowns ($27.8M) in 2017. The company said its order backlog amounted to 35.1 billion crowns ($4 billion) and it forecast good times ahead for the industry.
“We saw a record number of studies and front-end engineering work for larger and more complex projects than previous years, a positive sign of more work to come,” said Chief Executive Officer Luis Araujo. The company said tendering activity remained high in the main subsea and offshore markets. “Aker Solutions is currently bidding for contracts totaling about 45 billion crowns ($5.2Bln). About two thirds of this is in the subsea area and key projects are anticipated to be awarded over the next six to 12 months,” stated Aker.
Feb 4 (LNGJ) - The 173,400 cubic metres capacity carrier “Flex Endeavour” will deliver a re-loaded cargo on February 7 to the UK South Hook import terminal at Milford Haven in Wales from the French Atlantic coast Montoir-de-Bretagne terminal, according to the port authority. The shipment was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $6.55 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $6.35 per MMBtu.
Feb 1 (LNGJ) - Calor, the UK’s leading provider of liquified natural gas for fuel stations, has further enhanced its refuelling network for natural gas-powered trucks by upgrading its Aust LNG facility, near the southwest city of Bristol. As part of the Severn View motorway auto-stop area for the services company Moto, the Aust facility is located off the M48 motorway by the Severn River Crossing.
Calor said it is a vital refuelling stop for LNG-fuelled vehicles using the M4 corridor to travel to London or elsewhere in the UK, and has been upgraded to consider the requirements of mono-fuelled trucks. “As part of this upgrade, the new system uses ‘zero loss’ cooling technology to keep LNG within the storage tank at the ideal temperature and pressure for refuelling vehicles,” said Calor. “Similar work has been carried out at Moto’s Donington Park, Lymm and Grantham service stations, to add to Calor’s growing LNG infrastructure of six public refuelling facilities,” the UK company added.
Mark Gilks, Transport Specialist at Calor, explained that demand for LNG continues to grow in the haulage industry, especially for long-haul vehicles and Calor continues to invest in its LNG refuelling network, which is the largest in the UK. “Leading truck manufacturers are predicting that, by the early 2020s, vehicles powered by natural gas could account for 20 percent of all HGVs sold.,” said Gilks. “This growing market share highlights the obvious benefits of choosing LNG to power long-haul HGVs now and into the future,” he stated.
Jan 30 (LNGJ) - The 147,000 cubic metres capacity vessel “Min Rong” will deliver a cargo on January 31 to the Chinese Fujian terminal from the Tangguh export plant in Indonesia, operated by BP of the UK, according to shipping data. The 174,000 cubic metres capacity carrier “Gaslog Houston” will unload a shipment on February 2 at the Tangshan terminal in northeast China from the Gorgon plant on Barrow Island in Western Australia. The 172,000 cubic metres capacity “Kumul” will deliver a cargo on February 3 to the Chinese Qingdao terminal in eastern Shandong province from the plant in Papua New Guinea.
The 174,100 cubic metres capacity vessel “Cesi Behai” is scheduled to deliver a cargo on Feb 6 to the Chinese Tianjin terminal for Sinopec from the Australia Pacific plant in Queensland. The 155,000 cubic metres capacity “Gaslog Savannnah” is delivering on February 8 to the Qingdao terminal, operated by Sinopec, from the Australia-Pacific plant in Queensland. The 210,185 cubic metres capacity Q-Flex vessel “Al Bahaiya” will unload a cargo on February 10 at the port of Tianjin from Qatargas at Ras Laffan.
In other Asian deliveries, the 155,000 cubic metres capacity “LNG Venus” will deliver a cargo on February 7 to Singapore from Gladstone LNG in Queensland. The 216,000 cubic metres capacity vessel “Al Thumama” will unload a cargo on February 5 at the Map Ta Phut terminal in Thailand from the Qatargas plant at Ras Laffan.
Jan 28 (LNGJ) - The 210,000 cubic metres capacity Q-Flex vessel “Al Oraiq” will unload a shipment on February 4 at the UK Milford Haven terminal in Wales from the Ras Laffan plant in Qatar, according to shipping data. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.40 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $6.95 per MMBtu.