Regasification

Höegh LNG has announced a fall in its 2Q16 net profit to US$3.5 million.

Höegh LNG has contracted Wärtsilä to provide the regasification system for an FSRU conversion project on a modern LNG carrier.

The Government of Gibraltar has dismissed concerns from the Gibraltar Social Democrats over its LNG supply deal with Shell as scaremongering.

RasGas has delivered its first LNG cargo to the FSRU Toscana terminal in Italy.

Höegh LNG Holdings Ltd has signed agreements with Moss Maritime (engineering) and Wärtsila Oil and Gas (EPCIC regas) for its floating storage regasification unit conversion project, including orders for critical equipment with long lead time.

Singapore’s BW Group has signed a 15 year agreement with Pakistan GasPort Ltd to provide a floating storage regasification unit.

The Government of Gibraltar and Shell have signed an agreement for LNG supply and a regasification terminal.

Atlantic, Gulf and Pacific Co. has announced a major investment in GAS Entec – an engineering and design firm based in Korea, dedicated to both small and mid scale LNG applications.

Inpex Corp. has announced that it has begun supplying natural gas to Nissan Chemical Industries Ltd.

Reuters reports that Thailand’s PTT will increase its LNG imports from 3 million t in 2016 to 5 million t in 2017.

The US Federal Energy Regulatory Commission has issued an order dismissing and terminating Downeast LNG’s applications for a bidirectional import/export LNG terminal and associated pipeline facilities.

According to Reuters, Indian Oil Corp. is currently holding a tender to purchase two cargoes of LNG for delivery in October 2016.

According to Reuters, the CFO of PGNiG has said that the Polish gas firm may stop gas purchases from Gazprom in the future, due to diversification of supply.

Korea Gas Corp. has signed a memorandum of understanding with the Government of Yucatan, Mexico, to construct an LNG import terminal and the associated gas pipelines.

IHI Corp.’s floating LNG power station (FLPS) has been granted Approval in Principle (AIP) by DNV GL.