In this issue

 

The Israeli Leviathan natural gas project in the East Mediterranean, which will impact the regional LNG market, has taken a positive final investment decision to proceed with phase one of the development plan to come on stream by the end of 2019. 

Our North America editor in New York

The US liquefied natural gas export projects being developed by Washington DC-based Venture Global LNG, involving two Louisiana plants, one on the banks of the Mississippi River and a second at Calcasieu Pass, has awarded a contract to the General Electric oil and gas unit to supply compressor power for liquefaction. 

GasLog, the Monaco-based LNG shipping company with a fleet of 22 vessels in operation, posted an annual loss even though it was the most active shipper of cargoes from the US Sabine Pass export plant in Louisiana. 

Our North America editor in New York

Fluor Corp., the US energy engineering and construction company, said it won a contract for the Canadian Woodfibre LNG export project being developed at Squamish, north of Vancouver. 

Venture back on FERC agenda after design changes and Japan supply deals

Our North America editor

Jordan Cove LNG, the Canadian-run export project for the US northwest state of Oregon, has been given permission by the US Federal Energy Regulatory Commission to file a new application with an amended design that is expected to improve its chances of being approved. 

Our Europe editor

The Geneva, Switzerland-based International Standards body has published its new ISO 20519 standard for ships and marine technology relating to bunkering of liquefied natural gas-powered vessels. 

The chief executives of Italian energy company Eni and UK major BP have held a signing ceremony with the Egyptian government in Cairo, completing the sale of a 10 percent stake to BP for around $500 million in the “supergiant” Zohr field that will impact regional LNG trading when it comes on stream in late 2017. 

Our Asia-Pacific editor

Australia Pacific LNG plant stakeholder Origin Energy, which recently took a charge of US$1.45 billion as a write-down mainly on APLNG, has posted earnings showing wider fiscal first-half losses. 

Tamrotor Marine Compressors, the Norway-based equipment supplier, was awarded a contract by Golar LNG to supply a compressed air system to the former conventional carrier “Hilli” being transformed into a floating liquefaction production hull in Singapore. 

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. 

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.