Liquefied Natural Gas Import Terminal News

Finland's 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said on Tuesday.Manga, the largest LNG terminal in the Nordic region with storage capacity of 50,000 cubic metres, began receiving some shipments in November 2017, but is only now ready for full commercial operations after an additional year of tests.A Wartsila executive told Reuters the testing period had been prolonged due to some adjustments that the facility needed…

The Świnoujscie LNG terminal in northern Poland is ready to receive its first shipment of gas, with a tanker leaving Qatar on its way to Poland. The tanker carrying LNG left Qatar-based Ras Laffan port on last Friday and is heading to the LNG terminal. The vessel is to reach the Polish port on December 11. Over 200,000 cubic meters of fuel will be transpoerted to Poland by Qatargas. Just a few days ago, PAP reported that following an audit of the terminal in Świnoujście, the Qatar-based company has confirmed that the facility is ready to receive the first batch of liquefied gas in mid-December. The terminal, one of the largest Polish energy investments in recent years, was officially opened in September by the then prime minister, Ewa Kopacz.

When Cheniere Energy opened a new liquefied natural gas import terminal in Louisiana in 2008, a U.S. shale drilling boom quickly made it obsolete. Seven years on, with the Houston-based firm about to open a landmark export plant on the same site, the timing, again, is far from ideal. A Reuters analysis shows that a slump in oil prices and global abundance of LNG threaten to undercut the economics of U.S. gas exports, crimp shippers' profits and possibly reduce demand for facilities such as Cheniere's $12 billion Sabine Pass plant, the first to send U.S. shale gas worldwide. New supply across the globe, faltering demand and a steep drop in oil-linked LNG prices will make short-term, or spot, deliveries of U.S.

OSLO, Feb 19 (Reuters) - Lithuania's liquefied natural gas import terminal and Germany's Bomin Linde LNG will work together to develop the use of LNG as marine fuel in the Baltic Sea, the terminal's operator Klaipedos Nafta said on Thursday. Lithuania opened the first LNG import terminal in the Baltic states last December to cut its dependence on pipeline gas imports from Russia. "In close cooperation both companies aim to jointly develop the LNG fuel market including the necessary infrastructure in Baltic Sea," Klaipedos Nafta said in a statement after signing a memorandum of understanding with the German LNG supplier. LNG demand for shipping in the Baltic region is going to increase due to stricter environmental regulations for sulphur content in the fuel.

Egypt finalized a deal with Norway's Hoegh LNG for a long-delayed liquefied natural gas import terminal on Monday that will eventually help the power-hungry country resolve a chronic energy shortage. However, the expected launch date for the floating storage and regasification unit was pushed back to the end of March, the latest in a series of delays over the past two years. Liquefied natural gas shipper Hoegh signed a five-year contract with Egypt's EGAS in Cairo at an event that included Egypt's oil minister and the Norwegian ambassador. The firm was initially looking to start up operations by the third quarter of 2014 but the project was delayed earlier this year. In September, the oil ministry said the terminal would be up and running by December.

India’s third liquefied natural gas import terminal will receive its first shipment this month from Norway, two people with knowledge of the transaction said. The so-called commissioning cargo, which will be used to prepare the site for commercial operations, will be delivered by Excelerate Energy LLC to GAIL India Ltd.’s Dabhol terminal, on the country’s west coast, on about March 27, one of the people said, declining to be identified because the information is confidential. The LNG carrier, called Excelerate, loaded last week at Statoil ASA’s Snohvit LNG plant in the Barents Sea off Norway and is bound for Dabhol, both people said. The ship is currently in the Mediterranean Sea heading east. India is increasing LNG imports after Mumbai-based Reliance Industries Ltd.

Chicago Bridge & Iron Co. N.V. on August 1 was awarded a contract, valued at more than $1b, by Golden Pass LNG Terminal LLC for the construction of a liquefied natural gas import terminal near Sabine Pass, Texas. The engineering firm said the terminal, which is expected to start up in 2009, will have import capacity to process 15.6 million tons of LNG per year. The project is expected to create more than 1,000 construction jobs in southeast Texas. (Source: Reuters)

According to Bloomberg, BHP Billiton may be first in line to persuade Californian Governor Arnold Schwarzenegger to allow construction of the first liquefied natural gas import terminal off the wealthiest U.S. state's coast. An application by Japan's Mitsubishi Corp. may be the state's first to go before federal regulators, who have the final say for onshore plants. North America's West Coast may be limited to three terminals as increased supply cuts gas prices and profit projections. Of the five proposed LNG terminal projects in California, BHP's Cabrillo Port and Mitsubishi's Long Beach project are those farthest through the official approval process. ConocoPhillips is Mitsubishi's partner in the Long Beach project. (Source: Bloomberg)

Chicago Bridge & Iron Co. reportedly received a contract valued at more than $100 million to design and construct storage tanks for a new liquefied natural gas import terminal near Port Hawkesbury on Cape Breton, Nova Scotia, Canada. The facility will be owned and operated by Bear Head LNG Corp., a unit of Anadarko Petroleum Corp.