LNG

Cheniere Energy has withdrawn its application to construct LNG truck loading facilities at the Sabine Pass LNG terminal.

GasLog Ltd has announced that it has launched a US$1.05 billion debt financing with multiple international banks in order to refinance six legacy facilities.

According to Reuters, PGNiG has confirmed that it is not planning on purchasing any LNG spot cargoes in July 2016 through its new 3 billion zloty terminal in Swinoujscie, Poland.

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

Emco Wheaton Houston has announced the promotion of Hector Ornelas to Engineering Supervisor.

Mokveld Valves BV has commissioned two new test bunkers for testing critical, high-quality valve systems.

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.

Golar LNG and Stonepeak have entered into a joint venture to launch Golar Power.

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

Rolls-Royce has released a video of its LNG expert, Oscar Kallerdahl, discussing the company’s systems and the benefits of using LNG as a marine fuel.

Gazprom has signed agreements to help stimulate the growth of Bolivia’s energy market.

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.

According to Reuters, Vitol – a trading house – has won a tender to purchase the first cargo of LNG from the Chevron-led Angola LNG facility since it shutdown over two years ago to commence repairs.