Exmar posts lower LNG earnings

Exmar of Belgium said its LNG fleet earned US$9 million in the third quarter of this year, compared to US$8.5 million for the same period in 2014.

In the first nine months of this year, Exmar’s LNG fleet recorded an operational result of US$24.8 million, as compared to US$26.7 million a year before, the company informed on Thursday.

The Antwerp-based shipping company also said that the 138,000 cbm Excel has been redelivered after its charter with oil and gas giant ConocoPhillips end October. Medium-term employment for the LNG vessel is currently being contemplated.

Floating liquefaction

The construction of the floating liquefaction unit Caribbean FLNG at Wison Heavy Industry in Nantong, China is progressing as planned, Exmar said in the report.

Delivery of the FLNG vessel is expected in the first quarter of 2016.

In Canada, the Douglas Channel LNG Consortium expects to receive the facility permit for the 555,000 tonnes per annum export project by the end of the year.

The consortium will be in a position to take positive final investment decision once the import duty of the FLNG barge into Canada and other pending items are resolved, the company added.

 

 

LNG World News Staff; Image: Exmar

 

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >