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Poten: Coronavirus muddles LNG market, Chinese LNG imports

14 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Qatargas Uncertainty and disruptions associated with the Covid-19 ( Coronavirus) outbreak in China continue to dog the global LNG markets. Globally, spot LNG prices remain low as the markets work through significant disruptions of cargoes that are scheduled to go to China through March and beyond, according

Enbridge to buy Rio Grande LNG feeder pipeline

14 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of NextDecade US LNG export project developer NextDecade Corporation signed a deal with Enbridge under which the latter will acquire Rio Bravo Pipeline Company.  The acquisition of the pipeline that will supply feed gas to NextDecade’s proposed Rio Grande LNG export facility in the Port of Brownsville, Texas,

U.S. weekly LNG exports dip

14 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Cheniere Exports of liquefied natural gas from the United States’ facilities dropped for the second week in the row.  Data from the United States Energy Information Administration (EIA) shows that a total of fifteen tankers with a combined LNG-carrying capacity of 55 billion cubic feet (Bcf) departed

Rauma lays keel for Wasaline LNG ferry

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Rauma Marine Constructions Rauma Marine Constructions laid the keel for an LNG-fueled newbuilding, NB6002 being constructed for Wasaline, at the Rauma shipyard. The vessel, which will be named Aurora Botnia, will be delivered to the operator, Wasaline, in spring 2021. The new ferry will operate between Vaasa

Chart increases 2020 guidance as profit slumps

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Chart Industries US LNG equipment maker Chart Industries on Thursday reported a drop in net profit for 2019 despite it being a record orders year.  The company reported a net profit of $46.4 million, a 47.27 percent drop from the $88 million profit reported in 2018. Chart

GATE LNG terminal’s 2019 throughput jumps

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Port of Rotterdam Liquefied natural gas (LNG) throughput volumes at the Dutch Gate terminal have gone up during 2019 with the increase in deliveries to Europe instead of Asia.  The facility located in the Dutch port of Rotterdam recorded a throughput of  7.15 million tonnes during the

Eidesvik nets LNG-fueled PSV contract extension

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Eidesvik Offshore Norway’s Eidesvik Offshore has secured a new contract for its LNG-fueled platform supply vessel Viking Queen.  The company said in its statement that the contract was awarded by the compatriot energy company Equinor. The new contract will commence in direct continuation of the existing contract

Annova LNG granted FTA export permit

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Annova LNG The U.S. Department of Energy (DOE) has authorized Annova LNG to export liquefied natural gas (LNG) to nations where the United States does not have a free trade agreement (FTA). The permit positions Annova LNG to help coal-reliant nations diversify their energy supply with U.S.

European Commission clears OLT takeover by Snam and FSI

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of OLT Offshore LNG Toscana The European Commission has approved the acquisition of joint control over OLT Offshore LNG Toscana of Italy by Snam of Italy and First State Investments International of the UK. OLT is active in the management of a floating storage and regasification unit for

Nigeria LNG inks supply deal with Galp

13 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Nigeria LNG Nigeria LNG signed an LNG sale and purchase agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3 with Galp Trading. The statement notes that the agreement is for the supply of 1 million tonnes of LNG per year for

German pair to expand LNG stations network

12 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomIllustration purposes only (Image courtesy of Liqvis) Liqvis, a Uniper company, and Echo Tankstellen have joined forces to expand the LNG filling station network in Germany. Selected sites operated by Echo (Esso) are under initial consideration for this purpose. Subject to approval by the regulatory authorities, the first joint site

Texas LNG secures DoE’s non-FTA export permit

12 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Texas LNG Texas LNG said it has received the authorization from the United States Department of Energy to export U.S-sourced liquefied natural gas to non-FTA countries. The authorization’s 20-year term will begin on the date when Texas LNG commences commercial export of LNG for a total volume

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