Floating LNG

According to Reuters, the Turkish energy minister, Berat Albayrak, has said that the country is on track to become a major hub for energy trading, especially for natural gas.

Ophir Holdings & Ventures Ltd and OneLNGSM have announced that they have signed a binding shareholders’ agreement to establish a joint operating company to develop the Fortuna project.

According to Reuters, an official at EGAS has said that Egypt will delay its plans to rent a third FSRU for one month, until the ministry of energy determines its electricity requirements.

FID on Mozambique LNG project expected before end of 2016

Chart Energy & Chemicals Inc. has confirmed that its brazed aluminium heat exchangers have become the first to produce LNG onboard a floating facility.

Reuters reports that Ophir Energy is able to proceed with its Fortuna FLNG project with or without partners, due to the fact that the cost estimates have halved to approximately US$450 million.

Sembcorp Marine and Engie have signed a Memorandum of Understanding to develop an LNG-to-power near-shore terminal solution.

According to Reuters, General Electric has been awarded a US$900 million contract to construct a 1500 MW natural gas-fired combined cycle power plant in Brazil.

The board of directors of Höegh LNG Partners LP has declared a quarterly cash distribution with respect to the 3Q16 of US$0.4125 per unit.

Black & Veatch’s PRICO technology has become the world’s first FLNG technology to achieve production on a floating facility.

According to Reuters, within the next one or two weeks, Indonesia is expected to decide on a plan by Inpex Corp. to increase the proposed output from the Masela natural gas field.

Golar Power has announced that it has reached a final investment decision on the Porto de Sergipe project, and has chartered the Golar Nanook floating storage regasification unit for 25 years.

Trelleborg has supplied a selection of bearing solutions for Shell’s Prelude FLNG project.

Alexander Harsema-Mensonides, Braemar, USA, looks at how the role of LNG is changing from wholesale to retail markets.

The Bulgarian energy minister has said that the country could take up to a 25% stake in a project to construct a floating LNG terminal, located off the coast of Northern Greece.