The next LNG investment cycle may be primed for liftoff
" We think 2019 could be the biggest year of LNG FIDs ever "
Booming demand growth means that 11 projects, including LNG Canada, are likely to receive FID by the end of 2019, according to BNEF.
Swiss commodity trading and mining company Glencore is reportedly eyeing involvement in a liquefied natural gas import project in the Philippines.
Citing sources close to the matter, Reuters reports the project would include a floating storage regasification unit delivering regasified natural gas volumes directly to a power plant.
Sources told a commercial deal has been reached with the financial backer including a Chinese engineering group, however, the involvement is dependent on the implementation of the agreement.
Glencore follows the lead of its compatriots Vitol, Gunvor and Trafigura that have been more active in investing in LNG infrastructure projects, especially in Asia.
The company is now looking to build its presence in the LNG market in order to capitalize on growing demand as well as liquidity.
www.lngworldnews.com/glencore-eyeing-philippine-lng-project/
Boskalis starts LNG Canada dredging works
Royal Boskalis Westminster will execute a €100 million ($115 million) dredging deal at the LNG Canada export facility in Kitimat, Canada following the final investment decision by the shareholders.
www.lngworldnews.com/boskalis-starts-lng-canada-dredging-works/
Floating storage unit delivered to Bahrain LNG
The FSU was delivered from the Daewoo Shipbuilding & Marine Engineering yard in August and went into hire on September 19, Teekay LNG said in its statement.
The vessel will be used to support Bahrain LNG in providing an LNG receiving and regasification terminal in Bahrain.
The project is 30 percent owned by Teekay LNG Partners and is expected to commence commercial operation in early 2019.
In 2015, the company joined forces with the National Oil & Gas Authority of Bahrain, Gulf Investment Corporation and Samsung Construction and Trading to form Bahrain LNG.
Commercial operation at the import facility is planned to go for a period of 20 years.
www.lngworldnews.com/floating-storage-unit-delivered-to-bahrain-lng/