Regasification

According to Reuters, Japan’s Jera Co. is planning to decrease the amount of gas that it purchases under long-term contracts by 42% by 2030.

In its latest ‘World FLNG Market Forecast’, Douglas-Westwood forecasts that global CAPEX on FLNG facilities will increase to US$41.6 billion between 2017 – 2022.

Excelerate Energy has released a video detailing the company’s collaboration with the Dubai Supply Authority to upgrade the Jebel Ali LNG import terminal with the FSRU Explorer.

New Fortress Energy has delivered the first LNG cargo for JPS’ 120 MW Bogue power plant in Montego Bay, Jamaica.

According to Reuters, Enarsa – the Argentinian state-run energy company – has purchased eight LNG cargoes as part of its latest tender.

Fluor Corp. has announced that James Hackett, who previously served on the Board of Directors between 2001 and 2015, has been re-elected to the Board.

Cheniere Energy Partners LP Holdings LLC has announced that its Board of Directors has declared a quarterly cash dividend of US$0.020 per common share representing limited liability company interest in the company.

AB Klaipedos Nafta has released its preliminary transhipment and revenue results for July 2016.

Hawaiian Electric Industries has released its earnings for 2Q16, reporting consolidated net income for common stock of US$44.1 million and diluted earnings per share of US$0.41.

According to Reuters, PGNiG – Poland’s state-run gas company – has started supplying gas to Ukrainian consumers.

According to Reuters, it is expected that PGNiG – the Polish state-run oil and gas company – will favour the treasury in its planned 750 million zlotys (US$195 million) share buy-back.

Crowley Maritime Corp. has won a multi-year contract to supply containerised LNG to Molinos de Puerto Rico – the Caribbean arm of a leading supplier of flour, wheat, corn and rice-based food ingredients.

SC Klaipedos Nafta has released interim financial information for 1H16, reporting an increase in net profit, EBITDA and sales revenue compared to 1H15.

Malaysia’s Coastal Contracts has entered a binding Memorandum of Understanding with Indonesia’s PT Jaya Samudra Karunia Internasional proposing a joint venture deal.

Wood Mackenzie has released a video looking at cooperative deals between sellers with large offtake commitments looking to improve margins.