In this issue

 

Our Europe editor

Wood Group of the UK has won its second front-end engineering design contract for the proposed Browse floating liquefied natural gas development offshore Western Australia involving Woodside petroleum and oil majors.

Woodside Petroleum, Australia's largest LNG operator, has formally withdrawn its takeover proposal made to Papua New Guinea company Oil Search, a stakeholder in one operational liquefaction plant and in another LNG project in the Oceania nation.

Out Asia-Pacific editor

The Japanese government said the average price of spot liquefied natural gas cargoes imported into Japan last month was $7.50 per million British thermal units compared with $14.30 per MMBtu in the same month a year ago, a fall of $6.80 per MMBtu, or 47.5 percent.

The United States Government said one of the implications of the US LNG project build-out is that around 100 LNG carriers are expected to be needed to ship America's natural gas surplus to customers around the world.

Our North America editor

Fluor Corp., the Texas-based energy and LNG engineering and construction company, has acquired Stork Holding BV of the Netherlands for around $755M as industry consolidation continues to lower costs in a weaker market.

Canada has started the first use of liquefied natural gas to fuel trucks at one of the country's largest open-cast mining operations in the province of British Columbia, backed by utility and fuel provider FortisBC.

Royal Dutch Shell has advanced with its plans to build a specialised, small-scale LNG bunker vessel to be based in the Port of Rotterdam and to be able to make deliveries to LNG-fueled vessels in northwest Europe.

Our North America editor

TransCanada Corp may have pulled out of the Alaska LNG project but the Canadian energy and pipeline company is still at the forefront of plans to transport shale gas from northeast British Columbia to the Pacific coast for Canada's LNG export debut.

Our North America editor

Alaska Governor Bill Walker has thanked BP of the UK and US major ConocoPhillips for committing to sign and make public a Gas Availability Agreement for their share of North Slope natural gas for use in the Alaska LNG project.

Our Europe editor

Mozambique liquefied natural gas development plans, involving a dozen international companies have received much-needed momentum from an agreement signed by Anadarko Petroleum Corp. of the US and Italy's Eni.

Our Europe editor

The Gulf state of Bahrain has awarded the contract for its first liquefied natural gas import facility to three companies, with Teekay LNG chosen to provide the LNG carrier that will be deployed as a floating storage unit.

Poland's first liquefied natural gas import terminal at Swinoujscie on the Baltic coast will receive its first cargo from Qatar on December 9 so that engineers can carry out the cool-down process for commercial operations to start in the first quarter of 2016.

Our Europe editor

The Singapore unit of Russa's Gazprom Marketing and Trading has won the tender to be the sole off-taker from the Cameroon Floating LNG project offshore the West African state of Cameroon, clearing the way for the venture to go ahead.

Hoegh LNG of Norway, whose US affiliate restates its earnings, has seen its own net profits decline, though it has signed further options for floating LNG project vessels.

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.