Home » 2019 » September

Spark arranges first Pacific LNG freight swap between Glencore and Socar

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

zoomIllustration purposes only (Image courtesy of Höegh LNG) Traders Glencore and Socar Trading have executed the first Spark LNG freight swap against Spark Commodities’ Spark25 Pacific based assessment. The agreement was executed in a bilateral trade arranged by Affinity Financial Products. In response to a strong market demand for tools

Construction starts on Asia’s largest LNG bunkering vessel

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of MOL Asia’s largest LNG bunkering vessel has reached its first milestone with the strike steel ceremony held at the Sembcorp Marine’s shipyard.  A company official at Pavilion Energy, the Temasek-owned company, that has placed the order for the vessel, said the first milestone has been reached after

U.S. EXIM bank approves $5bn Mozambique LNG loan

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of EXIM The Export-Import Bank of the United States (EXIM) has authorized a direct loan of up to $5 billion to support the export of U.S. goods and services for the development and construction of an integrated LNG project located in Mozambique. EXIM’s financing will support U.S. exports

APLNG inks new domestic gas supply deal with Origin

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

The Australia Pacific LNG facility on Curtis Island (Image courtesy of ConocoPhillips) Australia Pacific LNG will supply an additional 61 petajoules (PJ) of natural gas to the Australian domestic market after reaching a new gas sales agreement with Origin Energy for 2020 and 2021. Australia Pacific LNG CEO Warwick King

Excelerate inks FSRU newbuild charter with Maran Gas Maritime

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Excelerate Energy Excelerate Energy and Maran Gas Maritime have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) hull 2477. During the five-year BBC Excelerate will have the option to purchase Hull 2477, the company said in its statement. Maran Gas Maritime

Dynagas LNG Partners second-quarter profit up

30 Sep 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 mixed results for the second quarter and first half of the year 2019.  The partnership reported a net profit of $932,000 for the second quarter, up from $351,000 in the corresponding

FERC delivers draft supplemental EIS for Magnolia LNG

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of LNG Limited The U.S. Federal Energy Regulatory Commission (FERC) issued the draft supplemental environmental impact statement (DEIS) for the production capacity amendment to LNGL’s Magnolia LNG project on September 27, 2019. LNGL said on Monday that Magnolia LNG’s production capacity amendment, filed with FERC on November 19,

Total closes purchase of Anadarko’s stake in Mozambique LNG

30 Sep No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Anadarko French oil and gas major Total has closed the acquisition of Anadarko’s 26.5 percent operated interest in the Mozambique LNG project for a purchase price of $3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 2019, to acquire Anadarko’s

Top news of the week September 23-28

29 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Illustration purposes only (Image courtesy of Excelerate Energy) Excelerate gets notice to proceed with Philippine LNG project Texas-based Excelerate Energy received the Notice to Proceed (NTP) from the Philippine Department of Energy (DOE) to develop a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas. MISC, Mitsubishi

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