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Australian watchdog clears Santos’ purchase of Quadrant

16 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Santos Australian Competition and Consumer Commission (ACCC) has cleared Santos’ $2.15 billion acquisition of Quadrant Energy.   The LNG player Santos said that the completion of the last condition for the acquisition, the transaction is expected to be completed within weeks. Santos managing director and CEO Kevin Gallagher

Anadarko allocates $200m for Mozambique LNG

16 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomFor illustration purposes only (Image courtesy of Anadarko) US independent Anadarko Petroleum aims to spend about $200 million on its planned Mozambique liquefied natural gas (LNG) export project in 2019 as it is looking to make a final investment decision.  Anadarko said on Thursday revealing the company’s 2019 capital investment that

Enagás-led LNG-fueling project gets EU funding

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Huelva LNG facility (Image courtesy of Enagás) Spanish LNG terminal operator, Enagás, informed the LNGHIVE2 project has been granted funding by the European Commission through its Connecting Europe Facility. The project aims to boost the use of liquefied natural gas (LNG) as a fuel for maritime and rail transport, with a total

Teekay: Yamal LNG quartet to be delivered earlier than planned

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomYamal LNG (Image courtesy of Novatek) LNG shipping major Teekay LNG said on Thursday that four ice-class carriers which will serve the Novatek-operated Yamal LNG project in Russia will be delivered earlier than planned. The Arc-7 LNG carriers, Nikolay Yevgenov, Vladimir Voronin, Georgiy Ushakov and Yakov Gakkel will be delivered next year

Meyer Turku cuts steel for Carnival’s LNG-powered liner

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Meyer Turku Finland’s Meyer Turku shipyard said it has started the construction of a 5,286-lower berth LNG-powered cruise ship for Carnival Cruise Line. The ship will be the first North American-based cruise ship to run on liquefied natural gas and will also be the largest Carnival cruise ship

Awilco LNG tightens quarterly loss

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Awilco LNG Norwegian based LNG transportation provider Awilco reported a net loss of $4.8 million for the third quarter of 2018.  The company’s loss tightened from a negative $6.5 million in the previous quarter. Freight income for the quarter was $8.6 million, up from $6.4 million in

South Korea’s October LNG imports up almost 38 pct

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

For illustration purposes only (Image courtesy of Kogas) South Korea, the world’s third buyer of liquefied natural gas (LNG), received 3.79 million tonnes of the chilled fuel in October, a rise of 37.9 percent year-on-year. Compared to the previous month, LNG imports rose 12.7 percent, according to the customs data.

Teekay LNG turns to profit in Q3

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Teekay Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a significant rise in net income for the third quarter of the year 2018. The net income for the third quarter jumped to $25.9 million from $2.7 million in the previous quarter and

Russia’s Sovcomflot inks $149m loan for LNG carrier

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Sovcomflot Russian shipping company Sovcomflot has signed a $149 million credit facility to finance the construction of a 174,000-cbm Atlanticmax LNG carrier. The credit facility, for up to 10 years, has been agreed with a consortium of three international banks, comprising ING Bank, KfW IPEX-Bank and Crédit

US LNG player Cheniere fires up Corpus Christi production

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Cheniere US LNG player Cheniere said Wednesday it started producing liquefied natural gas from the first train at its Corpus Christi liquefaction and export terminal in Texas as the facility is preparing to ship its first-ever cargo of the fuel. As previously reported by LNG World News, the

Air Products, Sonatrach to recover helium from LNG plants

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Air Products Industrial gasses company Air Products and Algeria’s Sonatrach have signed two gas production and delivery agreements to recover helium from Sonatrach’s LNG facilities.  Through the deal, Sonatrach will recover helium from two existing liquefied natural gas (LNG) facilities (GL1Z and GL3Z), and that helium will

Applied LNG, Providence partner on pushing LNG as fuel

15 Nov No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Applied LNG Energy solutions provider, Applied LNG and Providence Shipping Group have entered into a strategic agreement to expand the use of LNG and renewable LNG in the marine and HHP sectors. Applied LNG, through its RLNG which is estimated to result in 70 percent lower greenhouse

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