LNG News Flash on 07.10.2019

LNG News Flash on 07.10.2019


Good morning and welcome to the LNG Marketplace
Weekly News Flash. Here is the latest, we have selected for you
from all over the media. Here come the top news from last week: French oil major Total has completed the acquisition
of Anadarko’s stake in Mozambique’s LNG project in a deal expected to raise much-needed
revenue for Mozambique. The project is expected to come into production
by 2024. Just to remind you – Anadarko has agreed to
be taken over by Occidental Petroleum Corporation . Anadarko also led a liquefied natural gas
project in Mozambique, but was replaced by Total, after the French oil major agreed to
buy Anadarko’s African assets for 8.8 billion US dollars as part of the Occidental takeover. More you can find on Reuters. It’s been a good news week for Mozambique
– this one we found on Bloomberg: According to Mozambique’s government, Exxon Mobil
Corp. will sign off on an initial investment decision for the biggest ever LNG project
in Africa. A ceremony marking the decision will take
place Oct. 8 in Maputo. Exxon’s project in the northern Cabo Delgado
province will cost between $27 billion and $33 billion. The Federal Energy Regulatory Commission has
given Kinder Morgan’s Elba Island LNG facility approval to begin commercial operations on
its Train 1. That makes Elba Island the sixth U.S. LNG
facility to begin commercial operations. When complete, the facility eventually will
include 10 modular trains or units and is backed by a 20-year contract with Royal Dutch
Shell. This piece of news we found on Kallanish Energy. The U.S. Department of Energy announced the
issuance of an order to Eagle LNG approving exports of domestically produced LNG from
the Eagle Jacksonville Project, to be located along the St. Johns River in Jacksonville. The project, ultimately owned by Ferus Natural
Gas Fuels, plans to export small-scale quantities of LNG, as well as serve the domestic market
and provide LNG as a shipping fuel. More about it you can read on Energy.gov. German LNG Terminal GmbH, the joint venture
behind the LNG terminal project in Brunsbuettel in Northern Germany, has completed the Engineering,
Procurement and Construction Contractor pre-qualification process that began in June this year. Following a careful selection process, four
internationally operating EPC contractors have been shortlisted to continue the competitive
tender process. More about this project you can find on Gas
World.com Asia’s largest LNG bunkering vessel has
reached its first milestone with the strike steel ceremony held at the Sembcorp Marine’s
shipyard. The first milestone has been reached after
month of engineering design work since the Final Investment Decision has been taken on
the long-term charter contract to operate the vessel has been signed with Japan’s
Mitsui O.S.K. Lines. This piece of news we found on LNG World News. PitPoint has opened its first Belgian LNG
refuelling station for trucks. The station is located in Rekkem, which is
near the French border. According to PitPoint, the location of this
station represents a significant step towards realising an international LNG network in
northwest Europe as it has a favourable location for transport movements along the Benelux
thoroughfare, which is good news for transporters that have already switched to LNG-fuelled
vehicles. More you can read on LNG Industry. U.S. sanctions on two units of Chinese shipper
COSCO hit the LNG tanker industry on Monday, as U.S.-listed Teekay LNG Shipping joint venture
in Russia had been “blocked” because of its ties to COSCO. The United States imposed sanctions on COSCO
Shipping Tankers for allegedly carrying Iranian crude oil. According to Teekay LNG, its 50-50 Yamal LNG
Joint Venture had been deemed a “blocked person” under the sanctions, because its
partner China LNG Shipping is 50% owned by COSCO Dalian. More about it you can read on Hellenic Shipping
News. Petronas has chartered an LNG bunkering vessel
in Malaysia, under a deal with Avenir LNG. The time charter party had been struck with
Petronas LNG for a 7,500 cubic metre LNG carrier. This will provide bunkering services for LNG-fuelled
vessels around Malaysia, in addition to servicing small-scale terminals. Avenir and MISC Berhad will form a joint venture
to handle the commercial operations of the vessel. Ship management will be carried out a wholly
owned subsidiary of MISC, Eaglestar Shipmanagement. This piece of news we found on Energy Voice.com
And last but not least found on Finance Yahoo: Centrica has begun buying LNG from U.S. producer
Cheniere under a long-term contract. The first cargo was loaded on LNG tanker Gaslog
Skagen and is heading to Europe. Under their 20-year contract, Centrica will
buy around 1.75 million tonnes of LNG per year from Train 5 of Cheniere’s Sabine Pass
production facility. That’s it for this week. Tune in next week for more news and until
then – thanks for tuning in.

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