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Wärtsilä gets green light to build Hamina LNG terminal

17 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomHamina LNG terminal (Image courtesy of Wärtsilä) The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits. Debt financing for the project has been concluded with Skandinaviska Enskilda Banken

Dynagas LNG Partners profit slides

17 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Dynagas LNG Partners Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported a net income of $4.8 million, 62.5 percent below the figures reported in 2017. Adjusted net income for the three months ended March 31, 2018, compared to adjusted net income of $14.9

Teekay LNG slips to first-quarter loss

17 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Teekay LNG Teekay LNG Partners, one of the world’s largest owners of LNG carriers, dropped into red during the first quarter of 2018.  The company reported a net loss of $6.9 million compared to a net income of $29 million during the corresponding quarter in 2017, attributing the

Harbour comes in with firm bid for Santos shares

17 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Santos After days of media speculation about potential agreements between Harbour Energy and ENN to put in a joint bid for Santos takeover, the Australian LNG player said Harbour put in a revised proposal.  Under the new binding, conditional proposal, Harbor is looking to acquire 100 percent

Wood secures Gorgon LNG stage two job

17 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Wood Wood has extended its framework agreement with Chevron Australia to provide master contractor services to the Gorgon LNG stage two development located offshore Western Australia. Effective immediately, the two-year contract extends an agreement in place since 2015 and will continue to be delivered by Wood’s Perth

Polish LNG terminal boasts highest utilization rate in Europe

16 May No Comments gregsamuel_e5x9azx4 LNG World News

Pawel Jakubowski (Image courtesy of Polskie LNG) Polish LNG terminal operator, Polskie LNG claims it currently has the highest utilization rate among all large LNG import terminals in Europe. The utilization of the first and only Polish LNG terminal in Swinoujscie is currently about 60 percent, chief executive Pawel Jakubowski

Beijing Gas Blue Sky completes Caofeidian LNG terminal stake purchase

16 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomCargo unloaded at the Caofeidian LNG terminal (Image courtesy of Qatargas) Beijing Gas Blue Sky Holdings Limited completed the cquisition of 29 percent equity interest of an LNG terminal in Caofeidian. According to the acquisition agreement, the group agreed to acquire all of the issued share capital of a Beijing

Russia’s Novatek in small-scale LNG push

16 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Novatek Russia’s largest independent natural gas producer and the operator of the giant Yamal LNG export plant, Novatek is developing several small-scale projects and plans to launch its first such facility by the beginning of next year. The small-scale LNG project located on the northern part of

Bangladesh stops LNG talks with Trafigura

16 May No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Exmar State-owned Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has canceled its talks with the Swiss trading company Trafigura regarding the development of an LNG import terminal.  The company, however, has continued its talks with Trafigura’s compatriot Gunvor on a separate project. Speaking to Reuters a director

Chevron pitches shared development of Australia’s Carnarvon basin

16 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Chevron Chevron, the US-based energy company and the operator of the giant Gorgon and Wheatstone LNG projects in Australia, called for a shared development of the Carnarvon basin.  The company’s Australian unit believes the greater industry collaboration and government support, will most efficiently unlock the resources in the ground and extend the benefits.

USCG declares Jordan Cove LNG suitable for marine traffic

15 May No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Jordan Cove LNG The United States Coast Guard has completed a review of the waterway suitability assessment of the Jordan Cove liquefied natural gas (LNG) terminal in Coos Bay.  The assessment was submitted by KSEAS Consulting on behalf of Jordan Cove LNG, USCG said in a statement.

Ophir given Fortuna FLNG ultimatum

15 May No Comments gregsamuel_e5x9azx4 LNG World News

Illustration purposes only (Image courtesy of Ophir Energy) London-based Ophir Energy could face a cut from the Fortuna FLNG project in Equatorial Guinea as the country’s government loses patience over project delays.  In March, Ophir noted the completion of project financing on the Fortuna project in Equatorial Guinea has taken longer than expected,

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