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Freeport Lng

ConocoPhillips Signs Agreement with Freeport LNG

ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cu. Ft. (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility, and provide a significant portion of construction funding. The management of Freeport LNG Development will remain in place and be responsible for all commercial activities and customer interface for the remaining capacity in the facility. The terminal will be designed with a storage capacity of 6.9 BCF and send-out capacity of 1.5 BCF per day. Natural gas will be transported through a 9.4-mile pipeline to Stratton Ridge, Texas, which is a major point of interconnection with the Texas intrastate gas pipeline system. The Freeport LNG terminal is being developed in response to the growing need for new natural gas supplies for commercial, industrial and residential consumers in Texas. “This significant step in our LNG import and regasification development effort provides a near-term opportunity to serve the growing U.S. natural gas market,” said Jim McColgin, ConocoPhillips vice president of exploration and business development


JV Wins $2bln Freeport LNG Contract in US

Photo: Freeport LNG Development, L.P. (Freeport LNG)

 A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US.   Upon completion, the three-train facility will have a total export capacity of more than 13.9 million tons per year of liquefied natural gas.   The deal requires the JV to provide engineering


ConocoPhillips Signs Agreement with Freeport LNG

ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cubic feet (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility


FERC authorizes Freeport LNG project

The Federal Energy Regulatory Commission (FERC) issued an Order granting authorization for construction and operation of a liquefied natural gas (LNG) terminal on Quintana Island, near Freeport, Texas. The facility is to include, among other things, an LNG ship maneuvering area, a protected single-berth unloading dock, and a storm protection levee. Plans call for the facility to be in operation for the 2006-2007 winter heating season. Docket No. CP03-75-000 (HK Law).


FERC Approves Freeport LNG Export Project

file photo: LNG carrier

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.S. LNG export project to get the green light to begin construction from the Federal Energy Regulatory Commission. (FERC order: http://1.usa.gov/1ocKyca) The planned project would have the capacity to export up to 1.8 billion cubic feet a day of LNG once operational.


ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May. ICE said the contracts would be cash-settled against the Platts LNG Gulf Coast Marker price assessment and use Platts-derived U.S. GCM LNG forward curves for daily settlement purposes. The curves will have an initial term of 48 months.


Washington State Ferries Explores LNG

Renderings of LNG tanks on an Issaquah class ferry

Washington State Ferries (WSF) is exploring an option to use liquefied natural gas (LNG) as a source of fuel for the Issaquah Class ferries. LNG is used worldwide and provides an opportunity to reduce fuel costs, and better the environment by decreasing emissions. Saving money, cleaner environment, energy independence Fuel is WSF's fastest growing operating expense; it burns more than 17 million gallons each year. Its fuel budget is over 30 percent of the FY11-13 operating budget


E.ON, Mitsui Ink LNG Transport Deal

E.ON has struck a deal with Japanese shipping group Mitsui OSK Lines LTD (MOL) to transport liquefied natural gas from the United States, the German utility said in a statement on Thursday. Running over 20 years, the shipping agreement includes capacity of up to two LNG vessels transporting about 800,000 tonnes of LNG from U.S. Gulf projects per year, including the planned terminal near Freeport, Texas, E.ON said.


SK Shipping Selects 5X72DF for LNG Carriers

WinGD 5X72DF engine

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF (5X72DF) engines for each of a pair of 180,000 m3 LNG carriers ordered by South Korean shipowner SK Shipping Co., Ltd (SK). The shipbuilding contract was signed in May 2016. The twin-skeg LNG carriers will be built by Hyundai Heavy Industries (HHI) and the engines by Hyundai Heavy Industries Co


Konecranes Receives Third RTG Order

On May 31, Konecranes announced a rubber-tired gantry (RTG) order from Malta Freeport Terminals that included an option for a further ten RTGs. Malta Freeport Terminals has now taken up this option, and in August the companies signed an agreement for the additional ten RTGs. The crane deliveries will start in the second quarter of 2008. This is Konecranes' third RTG order from Malta Freeport Terminals, which after delivery of this order will have 30 Konecranes RTGs in its fleet


Qatar Seeks to Open New LNG Markets with Floating Terminals

Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals.   Hoegh LNG, a developer of floating LNG import terminals


Bureau Veritas Approves Wison's W-FSRP Concept

Photo: Wison

Wison Offshore & Marine said its newly-developed floating storage regasification and power generation barge (W-FSRP) has received Approval in Principle from Bureau Veritas. W-FSRP integrates functions of LNG loading and storage facilities, regasification and power generation.


Nakilat, Höegh LNG Ink MoU on FSRU project

Sveinung J.S. Støhle, President and CEO of Höegh LNG & Nakilat’s Managing Director Eng. Abdullah Al-Sulaiti. Photo: Nakilat

Nakilat signed a Memorandum of Understanding (MoU) with Höegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for opportunities and solutions to delivering LNG to the global markets


Qatar to Maintain Dominance in Global LNG Market

Photo: Qatargas Operating Company Limited

 Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said.   A report in The Penisula quoting QNB said that Qatar currently accounts for 30


US to be World's Biggest LNG Exporter by 2022

Pic: Shell

 The International Energy Agency predicted that the US will become the world's No. 2 exporter of liquefied natural gas by the end of 2022 with a capacity of 3.7 trillion cubic feet per year, second only to Australia.  The U.S. is already the world's largest producer of natural gas


LNG Prices Low on Oversupply

By Henning Gloystein   The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.   Spot prices for Asian LNG <LNG-AS> were at $5


Höegh LNG, RMU Sign MoU on LNG Capacity Building

Photo: Höegh LNG

 The Regional Maritime University in Ghana (RMU) has signed a Memorandum of Understanding (MOU) with Höegh LNG, a major player in the LNG segment of the maritime industry, for the support and maritime capacity development for both RMU and Ghanaian seafarers.   


IFC, Excelerate Secure Finance for Bangladesh First LNG Terminal

Photo: Excelerate Energy

 IFC, a member of the World Bank Group, and Excelerate Energy Bangladesh Limited (Excelerate) are co-developing the Moheshkhali Floating LNG project – Bangladesh's first liquefied natural gas (LNG) import terminal.    The project will be located offshore Moheshkhali island


Goltens to Retrofit BWT Systems on BP Gas Carriers

Photo: BP Shipping

Goltens said it has been awarded a contract for the engineering and retrofit installation of OceanSaver ballast water treatment (BWT) systems on board two of BP Shipping’s liquefied natural gas (LNG) carriers.   The vessels to be retrofitted are the two 138


ABS Approves New MOSS-type LNG Tank Concept

ABS informs it has granted Approval in Principle (AIP) for a new MOSS-type liquefied natural gas (LNG) tank design concept developed by Japan’s Kawasaki Heavy Industries (KHI).    Designated as an IMO Type B independent tank


LNG Carrier GDF Suez Point Fortin Repairs Completed

(Photo: Damen)

Damen Shiprepair Brest (DSBr) said it has completed a two week maintenance program on the 290-meter, 101,000 GT liquefied natural gas (LNG) carrier GDF Suez Point Fortin.   In addition to its expertise and facilities, Operator MOL LNG Transport (Europe) Ltd and ENGIE as charterer selected


Ports Firm YKIP Joins SEA/LNG Coalition

Courtesy of Yokohama - Port & Harbor Bureau

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced Yokohama-Kawasaki International Port Corporation (YKIP) as its latest member.   Representing the Japanese ports of Yokohama and Kawasaki


Huge Potential for LNG in Iberian Peninsula

Fernando Impuesto, CORE LNGas hive project coordinator from Enagas (Left) and Liv Hovem, Senior Vice President, DNV GL – Oil & Gas. Photo: DNV GL

 With the global fuel sulphur limit of 0.5% entering into force in 2020, the interest towards LNG as a marine fuel is increasing. One of the main obstacles to the accelerated uptake of LNG, however, is the uncertainty regarding future market volumes for LNG.   


Qatar LNG Flows Unaffected by Crisis -Shell

Qatari exports of liquefied natural gas (LNG) remain stable amid ongoing tension between the world's biggest LNG exporter and its neighbours, an executive for Royal Dutch Shell said on Monday. "LNG flows remain stable, cargoes are going into the market," said Steve Hill


NITC: Tanker Shipments to Europe Increasing

NITC, Iran's leading oil tanker operator, said on Monday its shipments to Europe were increasing daily and it plans to upgrade its fleet to support expansion.   International sanctions on Iran were lifted in January 2016 and NITC is looking to come in from the cold after years of isolation






 
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