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Top news of the week July 21-25, 2014

Top news of the week July 21-25, 2014

Total looking for more gas for GLNG project Total, a partner in $US18.5 billion Gladstone LNG project, said it is looking for more gas for the project, but the prices are too high. Cameron LNG to receive USD 7.5 bln loan About 30 banks are close to signing a 16-year loan for Sempra’s Cameron LNG […]

Nine more DSME LNGCs to get GTT technology

Nine more DSME LNGCs to get GTT technology

GTT of France received the order of nine LNGCs which will be built by the Korean shipbuilder DSME. Six new ships will be owned jointly by TEEKAY & CLNG and the three others will be owned jointly by MOL & CSLNG. These large vessels are expected to be delivered between 2017 and 2019. They will […]

Cameron LNG to receive USD 7.5 bln loan

Cameron LNG to receive USD 7.5 bln loan

About 30 banks are close to signing a 16-year loan for Sempra’s Cameron LNG export project in the amount of $7.5 billion, early next month. Sources close to the matter told Bloomberg that $5 billion will be supplied by Japan’s three biggest lenders while the rest will be provided by Japan Bank for International Cooperation. Banks […]

Tokyo Gas to buy Cameron LNG from Mitsui

Tokyo Gas to buy Cameron LNG from Mitsui

Tokyo Gas of Japan signed a deal with Mitsui to buy 520,000 tons of LNG per annum from the Cameron project in the United States starting in 2020. The project is operated by Sempra’s unit Cameron LNG, a company in which Mitsui & Co. will have a stake. It will build a new natural gas liquefaction plant […]

Downeast LNG submits pre-filing request with FERC

Downeast LNG submits pre-filing request with FERC

Downeast LNG (DELNG) submitted its pre-filing request on July 23 with the Federal Energy Regulatory Commission (FERC) to develop an estimated $2 billion bi-directional LNG facility at its proposed location in Robbinston, Maine. The facility will be able to liquefy natural gas for export as LNG and regasify imported LNG, as the market requires. This latest […]

CSDC provides guarantees for Yamal LNG newbuilds

CSDC provides guarantees for Yamal LNG newbuilds

China Shipping Development Company (CSDC) has guaranteed orders for three LNG newbuilds, being built by DSME for the Yamal LNG project. Total consideration for the construction of  the ice-class vessels is close to US$1 billion. “The total aggregate liability of the Company under the Corporate Guarantees will not exceed US$490 million,” CSDC said in a […]

Alaska LNG project files export application with DoE

Alaska LNG project files export application with DoE

In another important step forward for the Alaska LNG project, an application to export liquefied natural gas (LNG) was submitted to the U.S. Department of Energy. The export application requests authorization to export up to 20 million metric tons per year of LNG for a period of 30 years to countries that have existing free […]

Oil Search production doubles

Oil Search production doubles

PNG’s Oil Search said it’s oil and gas production in the second quarter was 3.69 million barrels of oil equivalent (mmboe), up 120 percent compared to 1.68 mmboe in the previous corresponding period, reflecting the impact of the start-up of the PNG LNG project. Production from PNG LNG was 1.87 mmboe, while the base PNG […]

Top news of the week July 14-19, 2014

Top news of the week July 14-19, 2014

Fluor wins Gate LNG expansion contract Fluor was awarded a contract by Gate Terminal, a unit of Dutch Vopak and Gasunie, to design and build an LNG break bulk terminal in Rotterdam, the Netherlands. Hoegh LNG launches its fourth FSRU Höegh LNG of Norway has launched the company’s fourth floating storage and regasification unit (FSRU) […]

SCT&E increases LNG export request to 12 mtpa

SCT&E increases LNG export request to 12 mtpa

SCT&E LNG, a subsidiary of Southern California Telephone & Energy, submitted a revised Free Trade Application to the U.S. Department of Energy. The revised application increased the original export request for 4 mtpa of domestically produced LNG to 12 mtpa, which is approximately 1.6 billion cubic feet of domestically produced LNG per day. The decision […]







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