Korea, Republic of

POSCO reorganize to LNG processing operations to enhance efficiency

Yonhap News Agency | Apr 15, 2019 at 1:08 AM
  • South Korea’s largest steelmaker POSCO said Monday that it will reorganize its liquefied natural gas (LNG) operations as part of its efforts to enhance its business efficiency.
  • The reorganization focuses on raising synergy between POSCO Daewoo, the steelmaker’s resource development and trading arm, and POSCO Energy.
  • The move is part of POSCO’s LNG mid-stream reorganization plan outlined in November by CEO Choi Jeong-woo.

Netherlands

Hyundai Heavy picks up LNG carrier order from Greek shipowner

LNG World News | Apr 15, 2019 at 12:00 AM
  • South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won an order for a 174,000 cbm LNG carrier.
  • The latest LNG carrier newbuild will be equipped with a Hi-ALS air lubrication system on the bottom of the hull to improve fuel consumption.
  • The air lubrication system is expected to cut fuel consumption by eight percent.

United States

Natural Gas Futures Crash Through Key Support After Weather Models Turn Much Warmer

Natural Gas Intelligence (NGI) | Apr 15, 2019 at 12:00 AM
  • After treading water for much of last week, natural gas futures fell significantly lower to start the week Monday after a dramatic warmer shift in weather models.
  • Production is also trending higher, and exports to Mexico are set to plunge as maintenance on the NET Mexico export pipeline out of South Texas this week could cut as much as 1.1 Bcf/d of exports.
  • Starting Tuesday and continuing into the weekend, NET is expected to conduct maintenance on the Agua Dulce compressor.

Greece

LNG prices linked to coal are innovative, not game-changing

Hellenic Shipping News | Apr 15, 2019 at 12:00 AM
  • The linking of a liquefied natural gas (LNG) contract to the price of coal is a long-overdue step.
  • The deal between Tokyo Gas and Shell makes sense from the perspective that LNG and coal are effectively competing fuels in Japan, and by linking the price the Japanese company can hedge against competitors using coal-fired generation.
  • Rather, spot pricing or short-term deals linked to existing LNG or natural gas indexes are likely to hold more appeal, as these offer sufficient flexibility and don’t require strong knowledge of the workings of another market, such as coal.

United States

‘Big Warmer Change’ Over Weekend Pressures Natural Gas Futures Lower Early

Natural Gas Intelligence (NGI) | Apr 15, 2019 at 12:00 AM
  • After a large drop in weather-driven demand expectations over the weekend, natural gas futures were trading several cents lower early Monday.
  • The weaker weather-driven demand expectations coincided with higher production numbers.
  • Maintenance on the NET Mexico export pipeline out of South Texas this week could  cut as much as 1.1 Bcf/d of exports.

Netherlands

Qatargas Shipping Safety Forum focuses on safe LNG marine transportation

LNG World News | Apr 15, 2019 at 12:00 AM
  • Qatargas, the world’s largest LNG producer, was the host of the Qatargas Shipping Safety Forum in its head office in Doha.
  • The inaugural event, titled QSSF Al Salama, was coordinated by Qatargas’ Shipping Department and hosted senior executives from major shipping companies, global safety experts, and key industry stakeholders.
  • QSSF Al Salama focused on the importance of safe and reliable delivery of LNG to Qatargas customers and incident free bunker operations at the Ras Laffan LNG complex.

Netherlands

FueLNG completes 100th LNG bunkering operation in Singapore

LNG World News | Apr 15, 2019 at 12:00 AM
  • FueLNG, a joint venture between Keppel O&M and Shell Eastern Petroleum, has set a new milestone with the completion of its 100th LNG bunkering operation in Singapore.
  • In September 2017, FueLNG completed its first operation and provided LNG for the commissioning of the floating liquefaction vessel Hilli Episeyo.
  • FueLNG placed an order in June 2018 with Keppel O&M to build Southeast Asia’s first LNG bunkering vessel set to be completed in the third quarter of 2020.

United States

May Natural Gas Contract Slips Below $2.60 Amid Warmer Change to Weather Models

Natural Gas Intelligence (NGI) | Apr 15, 2019 at 12:00 AM
  • After treading water for much of last week, natural gas futures fell significantly lower to start the week Monday after a dramatic warmer shift in weather models.
  • Production is also trending higher, and exports to Mexico are set to plunge as maintenance on the NET Mexico export pipeline out of South Texas this week could cut as much as 1.1 Bcf/d of exports.
  • Starting Tuesday and continuing into the weekend, NET is expected to conduct maintenance on the Agua Dulce compressor.

United Arab Emirates

UAE’s Arabtec posts 108% profit hike in second year of steady growth

Arabian Industry | Apr 15, 2019 at 12:00 AM
  • UAE construction giant Arabtec Holding has reported its second successive year of growth.
  • The construction company’s continually-improving financial performance comes after years of difficulty.
  • Evidence of this year can already been seen, after subsidiary Arabtec Construction signed an agreement to advance the use of 3D concrete printing in the UAE.

Netherlands

FERC issues final EIS for Eagle LNG’s Jacksonville project

LNG World News | Apr 15, 2019 at 12:00 AM
  • Eagle LNG has received a final environmental impact statement (FEIS) from the U.S. Federal Energy Regulatory Commission (FERC) to construct the Jacksonville LNG export facility.
  • The FEIS is a result of FERC’s comprehensive process that Eagle LNG started in December 2014, and includes the completion of numerous comprehensive environmental, safety, and security reviews involving input from both federal and state agencies and various stakeholders.
  • The proposed Jacksonville LNG project will initially consist of three liquefaction trains.