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Proposed Lng

ConocoPhillips Set on LNG Pans

According to The Daily Advertiser, ConocoPhillips has no intentions of altering its plans to build an open-loop liquefied natural gas terminal off the southwest Louisiana coast in light of the governor's decision last week to veto a similar project. A spokes-man for ConocoPhillips said the company is going forward with its already laid plans for Beacon Port, a proposed LNG terminal about 50 miles offshore from Cameron Parish. Gov. Kathleen Blanco on May 5 exercised her power to veto an LNG terminal proposed by Freeport McMoRan off the Plaquemines Parish coast. Blanco cited environmental concerns about the terminal's effect on Gulf fisheries - it would use 100 million to 200 million of gallons of seawater a day to re-heat the super-cooled gas, killing much of the sea life that gets sucked into the intake pipes. Proposed LNG terminals go through an exhaustive federal permitting process that includes developing environmental impact statements and soliciting public comment. At the end of the process, the governors of affected states have an opportunity to veto the project. (Source: The Daily Advertiser)


U.S. DOE Gives Preliminary Nod to Cameron, LA LNG Exports

Energy Department Conditionally Authorizes Cameron LNG to Export Liquefied Natural Gas. The Energy Department announced today that it has conditionally authorized Cameron LNG, LLC (Cameron) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States from the Cameron LNG Terminal in Cameron Parish, Louisiana. The Cameron application was next in the order of precedence after the Energy Department conditionally


Aker Kvaerner Signs Agreement with Woodside

Aker Kvaerner has signed a frame agreement with Woodside Petroleum Ltd to become the Australian oil and gas giant's preferred supplier of steel tube umbilicals. The contract could be worth between NOK 150 - 200 million annually. The frame agreement is awarded for a three year period with optional periods of one + one year and has the potential to support Woodside Petroleum Ltd with its proposed LNG developments.


Articulated LNG Barge Proposal Gets Class AIP

ABS gives Approval in Principle (AIP) to a newly proposed LNG articulated tug & barge re-gasification vessel that facilitates the use of cleaner burning fuel. The concept vessel, introduced by Waller Marine Inc., has the ability to load LNG from existing LNG terminals, liquefaction facilities or traditional LNG carriers and transport the LNG to existing tanks, traditional LNG carriers, trucks or marine vessels using LNG as a fuel


Technip USA Announces Contract Award for the Freeport LNG Terminal

Freeport LNG Development, L.P. and Technip USA Corporation, a subsidiary of Technip have signed a contract for the Front End Engineering Design (FEED) leading to the finalization of the EPC (engineering, procurement and construction) contract for its LNG receiving terminal to be located on Quintana Island near Freeport, Texas. The FEED is expected to be completed by the end of December with the EPC phase of the project beginning in the first quarter of 2004.


Coast Guard to Assess Matagorda Ship Channel for LNGs

The U.S. Coast Guard Sector Corpus Christi will assess safety and security issues associated with liquefied natural gas tankers traveling in the Matagorda Ship Channel in order to make a recommendation to the Federal Energy Regulatory Commission (FERC) regarding Calhoun LNG, L.P.'s proposal to build a liquefied natural gas terminal in Calhoun County. The Coast Guard received official notification of Calhoun LNG, L.P.'s plans on March 14, 2005.


British Columbia Signs LNG Deal with Petronas

Agreement between the government of BC and Pacific NorthWest LNG establish signed. Photo: BC Gov News

 B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural gas development on the province's northwest coast.    Hailed as “the largest capital investment in B.C. history,” Clark said the LNG framework will result in stable, long-term revenue for B.C. and $36 billion in investment, including a proposal for an LNG facility near Prince Rupert.  


Cameron LNG: Proposed Berthing Facility

The Federal Energy Regulatory Commission (FERC) issued a Notice stating that it intends to prepare an environmental assessment of the proposed Cameron LNG berthing facility to be built in the vicinity of Hackberry, Louisiana. Comments on the proposal should be submitted by February 25. 70 Fed. Reg. 5435 (HK LAW)


New Vladivostok LNG Terminal Project on Track

Rendering courtesy of Gazprom

At a recent meeting of Gazprom's Management Committee, Chairman Alexey Miller noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018. Gazprom explains that it aims to speed up new LNG projects in order to increase their share in the global gas market. Vladivostok-LNG is one of such projects.


Teekay Scquire Suezmax Tankers

Teekay Lng Partners L.P. is to acquire three Suezmax class crude oil tankers and related long-term fixed-rate charters for $180 million from its parent company, Teekay Shipping Corp. The company said Teekay Lng plans to finance the acquisition with the net proceeds of a proposed public offering of its common units, together with borrowings under its revolving credit facility, cash balances or both.


Hoegh LNG's Bond Issue

Image: Höegh LNG Holdings Ltd

 Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020. The bond issue will be swapped from floating to fixed interest rate.  


Fluxys LNG Launches Zeebrugge Capacity Consultation

Belgian gas infrastructure operator Fluxys said on Thursday it was launching a market consultation to assess demand for additional capacity at the Zeebrugge liquefied natural gas terminal in Belgium.   "Fluxys LNG is considering to extend the Zeebrugge terminal as and when the market


BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract

Excelerate FSRU vessel Exquisite Courtesy Excelerate Energy

  BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development of the LNG storage and regasification facility, a part of the Ghana 1000 Gas to Power Project and Africa’s first LNG import


Construction Starts on Crowley’s 2nd LNG ConRo Ship

Image: Crowley

Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade   Shipbuilder VT Halter Marine, Inc. has officially started the construction of Taíno, the second of two liquefied natural gas (LNG)-powered


Hoegh LNG Bags FSRU Deal in Chile

Photo by Höegh LNG

 Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile.   


CNPC Eyes Myanmar for LNG Terminal

Image: China National Petroleum Corporation

 China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in  a terminal in Kyaukphyu in Myanmar  to receive imported Liquefied natural gas (LNG).   China National Petroleum Corporation has proposed developing a terminal in Kyaukphyu


Red Tape, Industrial Relations Could Stifle LNG Potential

Woodside LNG tanker Photo APPEA

  Australia could develop the world’s most technologically advanced LNG industry, according to a report by Accenture. But if industry is to reach its potential and maximise its contribution to the national economy, it must first overcome some significant hurdles.


Gail to Sell LNG Supplies from US to Shell?

Image: GAIL (India) Limited

 GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, says Reuters and local media reports.    


Trafigura Fixes 6 Voyage Charters from Golar LNG

Swiss trader Trafigura has taken up to six liquefied natural gas (LNG) vessels from Norwegian shipping company Golar LNG, likely on a single-voyage basis to transport cargoes, trading and shipping sources said. The vessels are to be put at Trafigura's disposal from now through August or


LNGL Raises A$174 mi for N. American Projects

Liquefied  Natural  Gas  Limited  announced the placement of 40 million fully paid ordinary shares in the capital of LNGL, which has raised A$174 million before costs (Placement). Use of Proceeds The proceeds of the Placement will be used towards:


US to Export LNG to China

Photo: Cheniere Energy, Inc

 Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying.   This would be the first LNG deal between the world's two biggest energy users


Indian Prime Minister Visits HHI

Indian Prime Minister Narendra Modi at HHI (Photo: HHI)

Indian prime minister Narendra Modi visited Korean shipbuilder Hyundai Heavy Industries (HHI), seeking increased partnership between the India’s shipbuilding industry and HHI.   HHI is reportedly the only Korean company the prime minister visits during his two-day stay in the country


LNG Drive: Helgoland Leaves Building Dock

MS Helgoland by Cassen Eils

 After almost nine months of construction has MS "Helgoland" the new LNG (Liquefied Natural Gas) ship of Cassen Eils from Cuxhaven, left the building dock of the Fassmer-Werft shipyard.   Helgoland will be the first German flagged marine vessel to operate on LNG as its


Freeport LNG Was Not Advised Against Inviting Chinese Investors

Michael Smith, chief executive Photo Freeport LNG

  The head of Freeport LNG on Friday said that the U.S. Department of Energy did not advise against inviting Chinese investment in the company's Texas export plant, backing down from contradictory claims made on Thursday. Michael Smith, the chief executive of privately-owned Freeport LNG


Dynagas LNG Beats Profit Forecasts, May Add Five More LNG Tankers

Photo credit:  Dynagas LNG Partners LP

 With earnings, adjusted for amortization costs, profits came to 43 cents per share, Greece-based Dynagas LNG Partners LP (DLNG) exceeded Wall Street expectations.   The company is looking into the opportunity of acquiring five LNG carriers currently owned by the parent company Dynagas






 
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