Image courtesy of AG&P Liquified natural gas distributor Atlantic Gulf & Pacific Company (AG&P) has entered into a Memorandum of Understanding (MoU) with Chart Industries to expand the use of LNG in emerging markets. AG&P said that both companies would develop small-scale LNG infrastructure to serve the growing number of
India’s conglomerate Essar Group seeks 12 LNG cargoes for 2020
Illustration (Image courtesy of Kawasaki Heavy Industries) Essar Group, India’s privately-owned conglomerate, has reportedly looking for a dozen of liquefied natural gas (LNG) cargoes for delivery next year. Citing industry sources, Reuters reported that the Essar Group was seeking 12 LNG cargoes for delivery in 2020. Reuters added that the
Gloryholder to supply LNG fuel systems for four COSL PSVs
Image courtesy of Gloryholder EPC provider Gloryholder has been awarded the contract to supply LNG fuel gas systems to be installed in four LNG-powered platform supply vessels (PSVs). Gloryholder said on Monday that the contract was signed with Dalian Liaonan Shipyard and the systems would be delivered during 2020. The
Okra Energy scoops LNG exclusivity deal in Latin America
Okra Energy’s Peru LNG facility; Image courtesy of Okra New York-based Okra Energy has been awarded the Right of First Refusal for all future LNG projects on behalf of Latin America-based energy provider Lipigas S.A. and its affiliates. Okra Energy said that the contract provided the company with an option
Top news of the week August 19-25
Cameron LNG Train 1 (Image courtesy of McDermott) Freeport LNG celebrates start of Train 1 production McDermott International has stated that Train 1 of the Freeport LNG plant on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas (LNG). Commonwealth LNG files for FERC permit application Commonwealth LNG
‘Hundreds of thousands’ of Canadian jobs lost with LNG exemptions
Image courtesy of Woodfibre LNG The Canadian Institute of Steel Construction (CISC) claims the federal government is giving away “hundreds of thousands of jobs” to China with assurances against trade barriers for the Canada LNG and Woodfibre LNG projects. On August 9, Canada’s finance minister Bill Morneau announced that Woodfibre
Stabilis Energy enters deals to expand LNG, CNG presence in Mexico
Illustration purposes only (Image courtesy of Stabilis Energy) U.S. LNG producer and provider Stabilis Energy has made two strategic transactions to expand its presence in the distributed liquefied natural gas (LNG) and compressed natural gas (CNG) markets in Mexico. Stabilis said that it completed the acquisition of privately held Diversenergy
U.S. EXIM Bank considering $5 billion loan to Mozambique LNG
Mozambique LNG artist rendering; Image courtesy of Anadarko The U.S. Export-Import (EXIM) Bank is reportedly seeking a vote on a $5 billion loan to the Mozambique LNG project. EXIM Bank is the official export credit agency of the United States federal government. According to Reuters, the bank said that its
Fincantieri to build LNG barge for East Coast route
Image courtesy of Fincantieri Bay Shipbuilding NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., has formed Polaris New Energy (PNE), a marine transportation company focused on the transportation and distribution of liquefied natural gas (LNG). NorthStar executed an agreement with Fincantieri Bay Shipbuilding to build
U.S. LNG exports edge up following two-week slump
Image courtesy of Cheniere Liquefied natural gas exports from the U.S. increased over the last week, according to data from the Energy Information Administration (EIA). EIA stated in its weekly report that nine LNG vessels, four from Sabine Pass, two each from Corpus Christi and Cove Point, and one from