LNG

NextDecade Corp. has announced that it has reached an agreement with Mubadala Investment Co. for Mubadala to purchase US$50 million of NextDecade’s common stock in a private placement.

SEA\LNG has released a statement welcoming Canadian LNG provider FortisBC to the growing coalition.

Gas Entec has been awarded a contract by Sembcorp Marine Integrated Yard to provide EPC services for the cargo handling system of a 12 000 m3 LNG bunker vessel owned by Indah Singa Maritime.

The B.C. government is joining the Vancouver Fraser Port Authority and FortisBC to establish the first STS LNG marine refuelling/bunkering service on the west coast of North America.

The US Department of Transportation’s PHMSA, in coordination with the FRA, has announced that it is publishing an NPRM regarding the transportation of LNG.

Qilak LNG Inc. has signed a Heads of Agreement with ExxonMobil Alaska Production Inc. regarding the potential supply of natural gas from the Point Thomson field to Qilak LNG’s proposed Alaska North Slope LNG export project.

ACWA Power has announced signing an MOU with the Bangladesh Power Development Board for an LNG-based power plant and terminal in Bangladesh.

JERA Co. has entered into a memorandum of understanding with Vietnam Electricity concerning cooperation in the LNG value chain business.

Tractebel has announced that it has been named owner’s engineer for the expansion of AES’s existing LNG terminal in Santo Domingo, the Dominican Republic.

Teekay Corp. and Teekay LNG have announced that COSCO Shipping has completed an ownership restructuring which has resulted in China LNG Shipping no longer being classified as a ‘Blocked Person’.

According to Reuters, during the 2018 – 2019 financial year, Egypt exported 172.8 billion ft3 of LNG from its Idku plant across 45 shipments.

Growing numbers of transport companies are renewing their fleets to make them more environmentally friendly as Gasum expands its filling station network.

The European Commission has published a decision on the compatible state aid confirming that the measures proposed by the Republic of Lithuania to reduce the costs of maintenance of LNG terminal are compatible with the internal market and fulfil the criteria for state aid.

According to Reuters, JERA Global Markets is looking to purchase up to 0.5 million t of spot LNG for delivery in 1Q20.

PAO NOVATEK has announced that TC LNG Shipping L.L.C. is no longer considered a ‘Blocked Person’ under the US Department of the Treasury’s Office of Foreign Asset Control rules.