In this issue

 

Our North America editor in New York

The US government says the nation’s increased natural gas trade will be dominated by LNG as early as 2020 as four more liquefaction facilities are scheduled to be completed, adding to current shipments from the Sabine Pass plant in Louisiana.

Upstream energy projects are expected to double in 2017 while exploration and production spending will increase for the first time since 2014, according to a report from Wood Mackenzie, the global energy consulting firm.

Our Europe editor

Zeebrugge LNG terminal in Belgium has recorded the first lifting of a cargo from its new second jetty by the small-scale Dutch-owned LNG carrier, the “Coral Energy” with 15,000 cubic metres capacity as the facility also prepares for providing bunkering services.

Malta, the Mediterranean island nation and the smallest member of the European Union, has received a liquefied natural gas cargo from Spain at its floating storage unit in Marsaxlokk Bay to help complete its transformation into an LNG importer.

Norwegian pipeline natural gas, the main competition to LNG in the UK and four other European markets as well as to Russian gas, has set a new record for exports in 2016 when 108.56 billion cubic metres were delivered.

Our Asia-Pacific editor

Air Products, the leading US and global LNG equipment maker, has made a takeover approach to Yingde Gases of China to gain a prominent role in the expanding Chinese natural gas and equipment market after completing its own restructuring.

French energy group Engie has named Didier Holleaux as the new executive head of its LNG import terminals subsidiary as well as France’s main natural gas distribution, transmission and storage companies.

Marubeni Corp. of Japan has proposed the supply of liquefied natural gas and a floating storage and regasification unit as part of a new power project in Thailand.

Our Europe editor

Höegh LNG, the Norwegian fleet owner and floating storage and regasification unit charterer, is changing its corporate structure to improve efficiency as its business moves forward with the recent placing of new FSRUs and with other projects planned.

Inpex Corp., the Japanese liquefied natural gas developer and terminal owner, is boosting its domestic natural gas portfolio amid deregulation of the utility industries in Japan, ending the monopolies of city-gas and power companies.

Gas Entec, the South Korean engineering company that provides equipment for small-scale LNG vessels and floating and onshore projects, said it delivered its gas-handing package for the first US LNG bunkering barge being construct at a shipyard in Texas.

Our Europe editor

Kosmos Energy, the US LNG project developer with assets offshore Senegal and Mauritania in West Africa and now with BP of the UK as a partner, will see New York equity funds cash in on its success by selling their shareholdings to the public after a 58 percent price surge.

UK company Ophir Energy said the Fortuna floating LNG project offshore Equatorial Guinea in West Africa remained firmly on schedule for a final investment decision in the first half of 2017.

French company will take venture in Australia to its operational stage

Our Europe editor

Technip, the French energy and liquefied natural gas engineering company, has received a boost as it puts the finishing touches to its merger with FMC Technologies of the US by being awarded a project management services contract for Royal Dutch Shell’s Prelude floating LNG venture for offshore northwest Australia.

News Nudges

Chiyoda names new CEO

Chiyoda Corp. of Japan, one of the world’s leading LNG engineering and construction companies, has overhauled its senior management after the losses and poor performance prompted by its Emas Chiyoda subsea business acquisition. Senior Executive Vice President Masaji Santo has been named as President and Chief Executive and Katsuo Nagasaka, who is currently a director and Senior Vice President, has been named executive Chairman. Senior Vice President Hirotsugu Hayashi has been appointed as the new Chief Financial Officer.


Qatargas adds to Poland deal

Qatargas has concluded a side deal alongside an existing sales agreement with Polish Oil and Gas Co. Under the additional accord, Qatargas will increase the volume of LNG currently supplied to Poland to 2 million tonnes per annum. The new agreement will come into effect in January 2018 and will run until June 2034. The LNG will be supplied from the Qatargas Train 3, a joint venture between Qatar Petroleum, ConocoPhillips, and Mitsui & Co. of Japan. The cargoes will be delivered on board Q-Flex LNG vessels to the Swinoujscie import terminal on the Baltic coast of Poland.


US LNG ship approval

The American Bureau of Shipping, the US classification society, has granted Approval in Principle for the Seatransporter-DF, a dual-fuel design concept developed by Algoship Designers Ltd. of Nassau in the Bahamas. The design has the capability to accommodate multiple engine types as well as Type-C or membrane containment systems for LNG fuels.