In this issue

 

Our Europe editor

The French energy company Engie has taken delivery of a joint venture bunkering vessel to be based at the Zeebrugge liquefied natural gas import terminal in Belgium to lead the development of the LNG fuel market for shipping. 

Cryo Shipping AS, a company based in the Norwegian port of Bergen, said it had developed a new type of small-scale LNG carrier and bunkering ship through converting offshore industry vessels. 

Our Europe editor

Enagas, the Spanish natural gas transmission network operator and LNG terminal owner, posted a small increase in annual net profits as the nation’s demand rose for a second consecutive year and more winter LNG cargoes were imported. 

Our Europe editor

GasLog Ltd, the shipping line based in Monaco with a fleet of 27 LNG carriers, said progress had been made with the plan for a liquefied natural gas import hub offshore the northern Greek city of Alexandroupolis to serve customers in both Greece and Bulgaria. 

British Columbia Premier Christy Clark said benefit deals linked to LNG projects signed with two native North American First Nations were a milestone for the natural gas future of the Canadian province. 

Japanese energy companies are now focusing on the total of 60 million tonnes of LNG volumes becoming available on the Gulf Coast and Atlantic Coast of the US from 2020, with many of the cargoes pointing at Japan. 

Our North America editor in New York

Tellurian Inc., the developer of the US Driftwood LNG export project in Louisiana and founded by ex-Cheniere Energy Chief Executive Charif Souki and Martin Houston former head of LNG at the UK BG Group, has completed a reverse takeover to gain a listing on the Nasdaq stock exchange. 

Argentina believes it is still on track to cease liquefied natural gas imports by 2022 as shale-gas supplies from its estimated 802 trillion cubic feet of technically recoverable resources begin to flow. 

Our Europe editor

Australian oil and gas exploration and production company Po Valley Energy is moving ahead with plans to compete with LNG in Italy by setting its initial public offering date in London for around February 24 when it will sell shares in a spin-off developing onshore Italian natural gas. 

Woodfibre venture in Squamish used as test for Ottawa’s singular energy policy

Our Asia editor

The small-scale Canadian export project backed by Indonesian billionaire Sukanto Tanoto and his Pacific Oil and Gas company has applied for a 40-year export licence to ship cargoes to Asia. 

Our Europe editor

Global commodities trader Trafigura plans to invest in a liquefied natural gas import facility in Teesside in northeast England as it expands its LNG trading and UK gas market presence and forecasts a surge in cargoes from the United States. 

Santos, the Australia stakeholder in three Asia-Pacific LNG export joint ventures, said it raised more than A$1.2 billion (US$950) after completing a share purchase plan as part of its turnaround strategy following the successful completion of an institutional placement in December 2016. 

Our Europe editor

French energy company Total said liquefied natural sales rose by 8 percent in 2016 as new volumes came on stream at the Gladstone coal-seam-gas-to-LNG plant in the eastern Australian state of Queensland and a significant surge in cargoes is expected from stakes in liquefaction plants set to be completed soon in Australia and Russia. 

Gaztransport and Technigaz (GTT), the French maritime storage tank technology company, said it received an order with three options from Samsung Heavy Industries of South Korea to equip a floating storage and regasification unit being built for Norwegian shipping line Hoegh LNG. 

News Nudges

Vitol-Gazprom LNG deal

Swiss-based global commodities company Vitol has signed a multi-year LNG purchase agreement for the Russian player Gazprom Marketing and Trading (Singapore) to supply around 300,000 tonnes of LNG per annum from 2018. The supply will come from Gazprom’s diversified LNG portfolio. “We are delighted to be working with Gazprom Marketing and Trading, a subsidiary of Gazprom, the world’s largest producer of natural gas,” said Pablo Galante Escobar, Head of LNG at Vitol. “Vitol is an established participant in LNG markets globally and this development will strengthen our offering to customers worldwide,” he added.


Spanish firm is on track

Gas Natural Fenosa of Spain, one of Europe’s main LNG players with a supply agreement at Sabine Pass in the US, has held its annual shareholder meeting in Barcelona. Chief Executive Rafael Villaseca highlighted the company’s business performance, which was above the average for comparable companies in Europe. Villaseca said that GNF last year obtained 75 percent of its gross earnings from the regulated activities of gas and electricity distribution and the remaining 25 percent from liberalized power generation and natural gas marketing activities.


ABS starts in Houston HQ

The American Bureau of Shipping, one of the leaders of the development of the LNG industry in the US, has broken ground on its new global headquarters in Houston, Texas, comprising a 10-storey building and 326,800 square feet of office space. Completion of the ABS HQ, is scheduled for the end of 2018.