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Petronas 2018 LNG sales decline, profit up on higher prices

8 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomPetronas president & CEO Wan Zulkiflee Wan Ariffin (Image courtesy of Petronas) Malaysian energy giant Petronas reported lower liquefied natural gas sales drop for the quarter and the full year 2018.  Total LNG sales volume for the fourth quarter of 2018 was lower by 0.66 million tons compared to the

PTTEP hits gas in Timor Sea

8 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Illustration purposes only (Image courtesy of PTTEP) Thailand’s PTT Exploration and Production’s unit PTTEP Australasia hit gas at the Orchid-q, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia.   Commenced in January this year, the drilling of the Orchid-1 was undertaken to a total depth of

Gate invites bids for 2021-2031 terminal capacity

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Gate The Gate liquefied natural gas (LNG) terminal in the Dutch port of Rotterdam, owned jointly by Gasunie and Vopak, has invited interested parties to book capacity at the facility in an open season.  The terminal has a send-out capacity of 12 billion cubic meters per annum

NextDecade signs Rio Grande LNG site lease deal

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of NextDecade US LNG export project developer NextDecade Corporation signed a lease agreement with the Brownsville Navigation District (BND) for its Rio Grande LNG project. The lease agreement was considered and approved during a meeting of the BND Board of Commissioners, the company said in a statement on

Jordan Cove LNG non-binding deals exceed project capacity

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Jordan Cove LNG Jordan Cove LNG project led by the Canadian energy infrastructure company Pembina has reportedly signed non-binding deals in excess of its production capacity.  The $10 billion project proposed for the export terminal in Coos County, Oregon has a planned capacity of 7.8 million ton

WoodMac: Ennore LNG commissioning to spur India’s regas capacity jump

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Indian Oil LNG The commissioning of Indian Oil Corporation (IOC) Ennore LNG terminal marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025. “IOCL has already secured captive customers for 2 mmtpa of capacity. The Ennore terminal will

Australia: Gladstone February LNG exports jump year-on-year

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Illustration purposes only (Image courtesy of Santos) LNG exports from the three liquefaction plants located on Curtis Island offshore Gladstone totaled 1.73 million tons spread across 26 cargoes in February 2019. The volume represents a 9.8 percent decrease compared to the 1.93 million tons reported in January 2019, data from

Santos lines up Quadrant acquisition funds

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Santos Australian LNG player Santos has priced its $600 million bond transaction set to be partly used for funding the Quadrant Energy acquisition.  Santos said on Thursday the bonds will be issued by Santos Finance Limited, a Santos unit, off the Company’s Euro Medium Term Note Programme

Gazprom increases gas supply to Austria

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

OMV CEO Rainer Seele (right)/Image courtesy of Gazprom Russian giant Gazprom increased its exports to Austria during the beginning of 2019 by almost one third, compared to figures from last year. Gazprom supplied Austria with an estimated 3.3 billion cubic meters between January 1 and March 5, the company said

New Fortress Energy to convert San Juan plant to natural gas

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of New Fortress Energy New York City-based New Fortress Energy said its Puerto Rico unit NFEnergía signed a deal with the Puerto Rico Electric Power Authority (PREPA) for the supply of natural gas and conversion of Units 5 and 6 of the San Juan power plant. The initial

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