LNG

Tellurian Inc. has released its financial results for 2Q17, reporting a net loss of approximately US$33 million.

Multiplex has announced that a consortium comprising of itself, DIF, Compass Group and Brookfield Financial has been nominated as the preferred tenderer to build and manage a new Karratha accommodation facility for Woodside.

The average contract price for spot cargoes of LNG for shipment to Japan fell to a 14-month low in July.

Asian spot LNG prices rose this week as South Korean importers and Taiwan showed appetite.

Alaska Gasline Development Corp. has announced that it has qualified as a tax-exempt political subdivision of the State of Alaska under new and more stringent proposed IRS regulations.

LNG Ltd’s US and Canadian projects are well placed to meet the next wave of LNG exports that will be needed in the early 2020s.

For the eighth year running, Saipem has been included in the FTSE4Good Sustainability Index.

The Panama Canal Authority has announced that its proposal to modify its toll structure has been officially approved by the Cabinet Council of the Republic of Panama.

European gas suppliers will have to take a more proactive role in tapping into diverse supply sources in view of US attempts to push its LNG into Europe.

Petronas announced last month that it was pulling out of the project.

PGNiG expects to sign short and mid term contracts for LNG by mid 2018 to take advantage of an expected supply glut.

Teekay Offshore has announced the contract signing for two Suezmax-size DP2 shuttle tanker newbuildings, with options to order up to two further vessels.

The LNG carrier market has been highly cyclical and is often driven by global macroeconomic events.

Avant Energy has announced that the doors of a new power generation facility in Minnesota, US, have been opened to the public.

Norsafe has announced it has secured its largest ever offshore contract to provide lifesaving appliances for ENI’s Coral South floating LNG unit.