Nogaholding Secures $741 mln Loan for LNG Terminal
Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA), recently hosted a dinner to mark the financial close of its LNG Terminal Project with Bahrain LNG WLL, the developer and owner of the first LNG receiving and regasification terminal to be developed on a public–private partnership (PPP) basis in the Middle East. Dr Dafer Al Jalahma, CEO of nogaholding, said: "Led by K-SURE, this well-structured LNG regasification terminal transaction attracted high quality project finance lending of $741 million for a tenor of 20 years.
Croatia Reopens Bidding for LNG Terminal Capacity
LNG Hrvatska launched a second round of bidding for potential operators of an offshore liquefied natural gas (LNG) terminal in Croatia's northern Adriatic on Friday, after the previous round drew little interest.Last week, Croatia's parliament passed a law to enable the construction of the terminal, part of a European Union drive to diversify away from Russian gas imports.The project, which will be built on the island of Krk will be partly funded by the EU but has been criticised by environmental groups and local councils.LNG Hrvatska, the company behind the project which is expected to be operational in 2020 or 2021, said interested…
UAE Mulls $316mln LNG Terminal in India
Abu Dhabi's National Marine Dredging Company (NMDC) has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat, reports WAM. Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan has reviewed the plan by NMDC to develop the terminal. Mohamed Thani Murshed Al Rumaithi, chairman of NMDC, said the total cost of the project is expected to reach $316 million.
Essar to Develop LNG Terminal at Haldia
India's Essar Ports has won a contract to build the first liquefied natural gas (LNG) terminal in West Bengal under the Kolkata Port Trust (KoPT) at an investment of Rs 450 crore (USD 70 million). A Press Trust of India report said that the LNG project is expected to be commissioned in two years. The facility will come up at the Haldia port with a capacity to store one million tonne of the clean fuel. Haldia Dock Complex under Kolkata Port Trust had earlier this year invited bids for setting up an LNG terminal with storage and distribution facilities.
Petrobangla, Summit Pact for 2nd LNG Terminal
Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in the Cox's Bazar. The terminal will have 500 million meter standard cubic feet per day (mmscfd) capacity, which would go on operation after 18 months. The cost of the second project is estimated at $400 million-500 million…
Oregon County Mulls LNG Terminal Ban
A coastal Oregon county will vote Tuesday on a ballot measure to block a proposed natural gas terminal, the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure would ban transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Backers have called the initiative a response to a $7.6 billion proposal by Calgary-based Veresen Inc, to build a facility in the county where natural gas would be liquefied and transferred to tanker ships for sale abroad.
Oregon County Won't Block LNG Terminal
A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Around 76 percent of votes were cast against the measure, with 24 percent in favor, according to unofficial results posted on the Coos County government website late Tuesday.
Snam in Talks to Buy LNG Terminal Stake from Edison
Italian gas group Snam is in exclusive talks with EDF's Italian unit Edison to buy a stake in a liquefied natural gas terminal in northern Italy as part of plans to develop its LNG business, two sources said. Snam, controlled by state lender Cassa Depositi e Prestiti, is looking to buy Edison's 7.3 percent stake in Terminale LNG Adriatico and the gas pipeline that connects it to Italy's gas transmission backbone, the sources said. Adriatic LNG, which has a capacity of 8 billion cubic metres per year, is 70.7 percent owned by ExxonMobil and 22 percent by Qatar Petroleum.
IFC, Excelerate Secure Finance for Bangladesh First LNG Terminal
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 in the Bay of Bengal with a project cost of $179.5 million. IFC and Excelerate announced securing the debt financing for the project to help expand access to clean energy in Bangladesh. Bangladesh's first LNG import terminal will enable Petrobangla…
MOL to Join LNG Terminal Project in India
Mitsui O.S.K. Lines (MOL) announced the signing of agreements with Swan LNG Private Limited (Swan LNG) for the long-term operation / maintenance of a floating, storage and regasification unit (FSRU) and provision and long-term operation / maintenance of a floating and storage unit (FSU) that will serve as the core receiving facilities in an LNG terminal to be developed by Swan Energy Limited (Swan Energy) in Gujarat, India. The FSRU serving this project is being ordered and owned by Swan Energy through its subsidiary, and MOL has an option to participate in the FSRU joint ownership.
Croatia Invites Bids for LNG Terminal Project
LNG Croatia, the project developer of the LNG import terminal on the Island of Krk in Croatia, has called for bids for the provision of a floating storage & regasification unit (FSRU). The bids for EPC and FSRU procurement, setting a 29 September deadline for submissions will revive Croatia’s long-stalled plans to diversify its energy supply and reduce its dependence on piped gas from Russia. LNG Hrvatska says it is inviting bids in two separate tenders for the delivery of a FSRU and procurement of civil engineering works.
New Private LNG Terminal in Pakistan
A group of leading business houses in Pakistan plan to build a liquefied natural gas (LNG) terminal by March 2019 for gas processing and consumption in their own plants, Reuters reported. The proposed, second multi-million dollars terminal being set up at the Port Qasim to handle LNG imports will give tremendous boost to LNG trade. The private terminal will bring the total number of potential LNG import projects in the country to eight. Currently, Pakistan has only one active…
H-Energy to Start West Coast LNG Terminal in May 2018
India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, will start operations at its liquefied natural gas (LNG) terminal in the western Maharashtra state by May 2018, its chief executive said on Wednesday. India plans to raise the share of natural gas in its energy mix to 15 percent in three years from the current 6.5 percent, according to a plan set out by Prime Minister Narendra Modi's government. H-Energy has invested 17 billion rupees ($261 million) to build its 4 million tonnes per annum (mtpa) regassification terminal near the Jaigarh port in the state, Darshan Hiranandani told Reuters. LNG, a super-cooled natural gas, is imported in liquid form and is regassified at the terminals for supplies to end users.
Finnish LNG Terminal Work Awarded
The technology group Wärtsilä has announced it has been awarded a turn-key contract with Hamina LNG Oy to supply a liquefied natural gas (LNG) receiving terminal to be built in Hamina, Finland. The scope includes site filling, soil refurbishment, civil works, infrastructure, full containment storage tank with a combined net volume of 30 000 m3, regasification and gas metering, BOG (boil-off gas handling) system, electrical and control system, unloading, loading system and bunkering and truck loading. The LNG terminal is scheduled to be operational in August 2020.
Bangladesh LNG Terminal Edges Closer
Excelerate Energy L.P. (“Excelerate”), Petrobangla, and the Government of Bangladesh executed the Terminal Use Agreement (“TUA”) and the Implementation Agreement (“IA”) for the construction and operation of Bangladesh’s first LNG import terminal – Moheshkhali Floating LNG. Located offshore near Moheshkhali Island in the Bay of Bengal, the terminal will provide the crucial infrastructure required for the country to access natural gas from global markets. The signing of the agreements signals the commencement of the project and the approval to move forward to implementation.
Sojitz Buys Spanish LNG Terminal
Japan's Sojitz Corporation has acquired full ownership of First State Regasificadora (FSR), subsequently changing the company’s name to Sojitz Regasificadora (SR). SR owns a 15% stake in Regasificadora del Noroeste (Reganosa), whose assets include the LNG terminal located in Mugardos, located in the northwest of Spain. This makes Sojitz Corporation (Sojitz) the first Japanese trading company to enter into the LNG terminal business in Europe. Reganosa commenced operations at the Mugardos LNG Terminal in 2007.
Kogas Sign MoU for LNG Terminal in Mexico
South Korea’s Kogas (Korea Gas Corporation) has signed a memorandum of understanding (MoU) with the Mexican state of Yucatan to construct an liquefied natural gas (LNG) terminal and gas pipelines that would be worth up to $1.5 billion in a package deal. The LNG terminal will be built in the port city of Progreso in Yucatan, and gas pipe lines will be installed between the terminal to cities such as Merida and Cancun to supply LNG gas. The project is expected to be worth in between $1 billion and $1.5 billion. The MOU was signed August 9 by Kogas’ president and the governor of the state.
Finland's Manga LNG Terminal Gets First Cargo
The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017. The Manga LNG natural gas import terminal in Röyttä Harbor, Tornio, is a joint venture of the industrial companies Outokumpu and SSAB Europe, the energy company EPV Energy and the LNG company Skangas. LNG was shipped to the terminal by Coral Energy, a time-chartered LNG carrier operated by Skangas. Once completed in summer 2018, the import terminal will be the largest LNG terminal in the Nordic countries and the second LNG terminal in Finland.
IOC Eyes GSPC's Stake in Mundra LNG terminal
Indian Oil Corp. Ltd (IOC) wants to buy debt-laden Gujarat State Petroleum Corp.’s (GSPC) entire stake in the in the under-construction Rs 4,500 crore ($672 million) GSPC-Adani liquefied natural gas (LNG) terminal in Mundra, Gujarat, reports Livemint. GSPC is looking to exit the 5 million tonnes a year LNG import terminal project, which is likely to be completed by mid-2017, says sources. GSPC LNG Ltd, a unit of GSPC, holds a 50% stake in the project with the Adani Group owning 25%; the remaining 25% has been earmarked to be sold to a strategic partner.
Croatia to Speed up Building of LNG Terminal in Adriatic
Croatia will pass a special law to speed up the construction of a liquefied natural gas (LNG) terminal in the northern Adriatic, Prime Minister Andrej Plenkovic said on Thursday. Croatia produces more than half of its gas consumption, some 2.5 billion cubic metres (bcm) a year. Once the LNG terminal is built it hopes to be able to supply both its own market as well as central and eastern European countries. "Our aim (is) to pass a special law as a key message that it is a strategic project for us.
Financial Close for Bahrain LNG Terminal
Bahrain LNG, the developer of the Gulf state’s receiving and regasification terminal for liquefied natural gas (LNG), has closed a $741 million syndicated loan for the platform’s construction. The private-public partnership is being developed to supplement local gas production in Bahrain and ensure capacity to meet peak seasonal gas demand and industrial growth. Financing a project of this size and complexity is a landmark in the regional financial markets. According to the company…
India's First FSRU Based LNG Terminal Launched
H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by JSW Infrastructure (the maritime infrastructure development arm of $ 12 billion JSW Group). The LNG terminal was inaugurated today, by the Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis. H-Energy’s LNG Terminal has an annual capacity…
Petrobangla Signs $950mln Deal with Petronet for LNG Terminal
Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) signed an initial agreement with India's energy company Petronet LNG Limited to set up an LNG re-gasification terminal on Kutubdia Island and a pipeline at an estimated cost of $950 million. Prabhat Singh, managing director and chief executive officer, Petonet and Syed Ashfaquzzaman, secretary, Petrobangla, sign an agreement at Petrobangla Bhaban in Dakka. The agreement aims to set up liquefied natural gas infrastructure, which includes a land-based LNG terminal and a pipeline to carry the re-gasified LNG.