Liquefaction

Atkins has announced that it has won a contract to provide engineering support services for Chevron’s Western Australian-based assets.

The US Federal Energy Regulatory Commission has granted authorisation for the Coastal Bend Header Project, which will provide gas for Freeport LNG’s liquefaction and export terminal in Texas, US.

As part of FERC’s pre-filing environmental process, the Alaska LNG project has filed second drafts of Resource Reports 1 (general project description) and 10 (alternatives).

McKinsey Energy Insights examines whether proposed liquefaction projects will be built in the current oversupplied market.

According to data from the US DOE’s Office of Fossil Energy, Sabine Pass exported a total of 21 508 223 million ft3 of LNG in the first four months of 2016.

According to Reuters, Tokyo Gas has purchased a 25% stake from VirTex Producing Co. in an Eagle Ford shale gas formation.

PAO Sovcomflot has signed a 13-year loan agreement with VTB Bank worth US$260 million to help finance the construction of an Arctic LNG tanker for the Yamal LNG project.

Novatek has entered a strategic cooperation agreement with Nuovo Pignone, covering the development of Russia’s oil and gas industry and Novatek’s LNG projects.

Cheniere Energy has withdrawn its application to construct LNG truck loading facilities at the Sabine Pass LNG terminal.

GlobalData’s latest report suggests that North America will drive liquefaction capacity growth in the LNG industry.

BigRoll Shipping has announced that it has received the BigRoll Bering vessel from Cosco Dalian Shipyard Co. Ltd for use in the Yamal LNG project.

Gazprom, Linde, Power Machines and Salavatneftemash have signed an Agreement of Intent to produce LNG equipment in Russia.

Saipem has released a statement claiming that it has signed a strategic partnership and cooperation agreement focused on LNG activities with Novatek.

Research from McKinsey Energy Insights suggests that LNG oversupply could last until 2024, unless low prices can stimulate a demand recovery.

According to Reuters, Novatek is planning to sell a portion of gas on the spot market from its Arctic LNG-2 plant.