In this issue

 

The Polish national energy company has opened a trading office for liquefied natural gas in London’s Mayfair as it aims to increase its presence in global LNG trading. 

Our Americas editor

AES Corp. of the US said its LNG import terminal at Punta Caucedo in the Dominican Republic has completed modifications to enable reloading and exports of shipments to the Caribbean and Central America. 

A liquefied natural gas import joint venture backed by Excelerate Energy, the US provider of floating storage and regasification units, will give Pakistan three FSRU import facilities by the end of 2018. 

Our Europe editor

Wärtsilä, the Finnish marine propulsion and energy and gas equipment maker in the LNG sector, posted a 13 percent fall in annual profits to 479 million euros ($511M) compared with 553M euros the previous year. 

Our Asia-Pacific editor

Teekay LNG, the carrier owner with 31 vessels operating and 19 newbuilds awaited, has attended the launch at the Daewoo Shipbuilding and Marine Engineering shipyard in South Korea of its first ship for the Russian Yamal LNG project located in the Arctic region. 

The marine LNG fuel-gas-system manufacturing unit of Germany’s MAN Diesel and Turbo signed a contract with Sefine Shipyard in Turkey to deliver the equipment for an Italian ferry set to operate from 2018 on the route from Italy’s mainland to the island of Sicily. 

Gaztransport and Technigaz, the French maritime storage tank technology company, has received an order from Hyundai Heavy Industries of South Korea to equip a new LNG floating storage and regasification unit with its Mark III membrane containment system. 

Our North America editor in New York

Air Products of the US, the leading global supplier of LNG liquefaction equipment and technology, posted a 10 percent year-on-year fall in net income to $252 million in the first quarter of its fiscal year and said it was still in talks about taking over a Chinese company. 

Canadian ministers and provincial British Columbia officials had signed an agreement with native North American First Nations to give them a role in the planning and environmental monitoring of the Pacific NorthWest LNG project proposed by Petronas of Malaysia. 

Our North America editor in New York

The US Federal Energy Regulatory Commission, the permit provider for all LNG, pipeline and energy projects nationwide, has a new woman Chairman and member of the Democratic Party from Massachusetts. She was nominated to the post by President Donald Trump after incumbent Norman Bay resigned. 

Index is expected to be launched by second quarter for regional DES cargoes

Our Europe editor

Tullett Prebon, one of the world’s leading interdealer energy and commodities brokers, has signed an agreement with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian liquefied natural gas cargoes to enhance price discovery and risk management. 

Our North America editor in New York

Magnolia LNG, the export project being developed in Lake Charles in Louisiana, has signed a preliminary supply contract with a company planning to bring the first import terminal on line on the east Coast of India. 

India said liquefied natural gas imports for the month of December declined to 1.40 million tonnes, though were still up by almost 20 percent in the fiscal year to date at 13.87 million tonnes. 

Our Asia-Pacific editor 

Japanese annual liquefied natural gas imports declined for a second year as shipments from the Middle East fell 13 percent and were offset by more cargoes from the Asia-Pacific region and the spot market. 

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.