• Natural Gas News

    Daily Digest: February 21st, 2020

Summary

Daily digest of the latest natural gas news and LNG news by Natural Gas World.

by: NGW

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Complimentary, Daily Digest

Daily Digest: February 21st, 2020

SIEMENS WINS ORDER AT US CALCASIEU PASS LNG PROJECT

Germany's Siemens announced on February 20 it had won a contract for supply three boil-off gas (BOG) compressor packages for US firm Venture Global LNG's planned Calcasieu Pass gas liquefaction plant in Louisiana.

 

The Big Picture

  • "Siemens has a long track record of providing cryogenic boil-off gas compressors for the LNG industry worldwide," Siemens' LNG vice president Matthew Russell said in a statement.

  • The 10mn mt/yr Calcasieu Pass terminal is on track to start up in 2022. Venture Global took a final investment decision on its construction in August 2019. 

 


YAMAL LNG T4 SEES FURTHER DELAY

The launch of Yamal LNG's fourth train appears to have been pushed back again, with the start-up now expected in the third quarter of this year, Novatek CFO Mark Gyetvay said in an earnings call on February 20.

 

The Big Picture

  • The 0.9mn mt/yr train, which will join three 5.5mn mt/yr trains already in operation on Russia's Yamal Peninsula, was originally scheduled to start production before the end of 2019. 

  • Yamal LNG's fourth train will be the first to use Novatek's proprietary liquefaction technology, Arctic Cascade.
  • Novatek's profit surged more than fivefold in 2019, on the back of the sale of shares in its Arctic LNG-2 project.

 


OZ AGN GETS FUNDS TO SET UP HYDROGEN CENTRE

Gas infrastructure firm Australian Gas Networks (AGN) has received A$1.28mn (US$0.85mn) from the Australian government’s Australian Renewable Energy Agency (Arena) to support the Australian Hydrogen Centre (AHC) to explore the feasibility of blending hydrogen into natural gas networks, the company said.

 

The Big Picture

   


UNIPER SELLS GERMAN LIGNITE PLANT STAKE

German utility Uniper has agreed to sell its majority stake in a lignite power plant to its partner, it said.

 

The Big Picture

  • Uniper is readying for a lower-carbon future, with more natural gas planned for its power-generating portfolio.

 


 BOSNIA COMMISSIONS CROATIAN GAS LINK STUDIES

Bosnia's gas firm BH-Gas has selected a contractor to undertake a feasibility study and an environmental impact assessment of a proposed 160-km gas link with Croatia.

 

The Big Picture

  • The project's aim is to allow Bosnia to tap gas supplies from Croatia's planned Krk LNG terminal, and other sources, helping it reduce reliance on Russian gas.

 


US HUNTING BUYS UK UPSTREAM SERVICES CO

US oilfield services company Hunting has bought a UK peer, Aberdeen-based Enpro Subsea and its US, Norwegian and Ghanaian subsidiaries for $33mn plus a potential maximum earn out of $3mn depending on pre-tax earnings for this year, Enpro said.

 

The Big Picture

  • Enpro was founded in 2011 and has developed subsea production technology that has been adopted by offshore operators within the global oil and gas industry.

  • Hunting CEO Jim Johnson said the deal "strengthens Hunting’s subsea offering and adds a high technology product group to our portfolio.