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LNG Journal stories below . LNG is $8.10
#1
24 February 2016
LATEST NEWS
Air Water Inc., Japan's second-largest provider of industrial gases, has acquired a natural gas tank maker in Malaysia to build up the  small-scale LNG storage and transportation market in the Asia-Pacific region. Full Article
Former Cheniere Energy Chairman and Chief Executive Charif Souki, who was ousted as head of the US developer of the Sabine Pass and Corpus Christi liquefied natural gas export projects, has formed a new company to pursue LNG ventures with ex-BG Group executive Martin Houston. Full Article
Lydall Performance Materials is building up its supply portfolio for liquefied natural gas projects in Australia and the US as infrastructure orders continue, though at a slower pace amid the commodity market downturn. Full Article
One of only two US LNG export projects on the East Coast, the Dominion Cove Point venture on Chesapeake Bay in Maryland, is about one-quarter complete, according to the latest construction report filed with the US Federal energy Regulatory Commission. Full Article
Australian engineering company CIMIC Group said its disputed claim linked to cost over-runs on the construction of a 2.1-kilometres jetty at Chevron Corp.'s Gorgon LNG project on Barrow Island exceeds A$2 billion (US$1.44bln). Full Article
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PRICES
Brent Crude (bbl) -  $32.25
LNG Journal European Spot (MMBtu) Indicator - $4.25
Henry Hub (MMBtu) - $1.82
NYMEX Gas (MMBtu) - $1.77
LNG Journal East Asian Delivered LNG Indicator - $8.10
NEWS IN BRIEF
LNG shipping movements
The 138,000 cubic metres capacity carrier "British Trader", operated by BP Shipping, is scheduled to deliver a cargo from Trinidad on March 5 to the Bahia Blanca import terminal in Argentina, according to shipping data. The 145,000 cubic metres capacity carrier "Ejnan" will deliver a Qatari shipment to the Zeebrugge import terminal in Belgium on March 6. The 135,360 "Al Wakrah" will unload a Qatari cargo on March 6 at the Sakai terminal in Japan, operated by Kansai Electric. The 147,200 cubic metres capacity "Arctic Lady" is scheduled to deliver a cargo on March 10 to the Dubai floating import facility at Jebel Ali Port in the United Arab Emirates from the Hammerfest export plant in Norway.
It's no laughing matter
RasGas Co., the world's second-largest LNG production company after Qatargas, has reached a landmark in delivering its 5,000th cargo of helium gas from its plant in the Gulf. Helium, in addition to being known as a laughing gas, has high-value applications in science, medicine and high-tech industries. RasGas's Chief Marketing and Shipping Officer, Khalid Sultan R. Al Kuwari, said: "Qatar has key advantages as one of the most prominent helium exporters. Our liquefied natural gas, and thus helium, is derived from multiple upstream projects. Our multiple LNG trains and two helium plants make Qatar uniquely flexible in our production capabilities."
TransCanada in Montreal
TransCanada Corp., the main contractor for LNG feed-gas pipelines in British Columbia, said it was expanding its 60-year presence in Quebec with a larger corporate provincial office in Montreal. "This new office will be home to over 40 employees from different disciplines working on the Energy East Pipeline Project and other businesses," TransCanada said. The C$15.7 billion (US$11.4Bln) Energy East project will create over 3,000 jobs each year in Quebec during the nine years of planning and construction for the pipeline. When the pipeline goes into service, total tax revenues for Quebec will

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