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The launch of a massive liquefied natural gas (LNG) export...

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Justace

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03/10/18

17:06

Post #: 35981627
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Originally posted by FrankMe ↑

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/

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The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.

Below is a list of the large LNG export terminal projects with final investment decisions (FIDs) expected by the end of next year.

Country/Project Companies FID Start-up Capacity date date mtpa Russia Sakhalin 2 Gazprom, Total Q4 2018 2021 5.0 Arctic LNG-2 Novatek, Total Q2 2019 2022-2023 19.8 Sakhalin 1 Rosneft, Exxon 2019 6.0

United States Jordan Cove Pembina Q4 2018 7.8 Golden Pass Exxon, QP Q4 2018 2023

15.0 Driftwood Tellurian Q1 2019 2023 27.6 Lake Charles Shell 2019 2023 4.5 Port Arthur Sempra 2019 2023 11.0

Africa Nigeria NLNG, Shell Q4 2018 8.0 Mauritania Kosmos, BP Q4 2018 2021 2.5

Mozambique Anadarko Q1 2019 12.0 Mozambique Exxon 2019 2024 15.2

Middle East & Asia Qatar QP Q4 2018 2023-2024 32.0 Indonesia Inpex, Shell 2019 9.5 Papua New Guinea Exxon 2019 8.0

(Reporting by Sabina Zawadzki.

LNG Price at posting: 67.0¢ Sentiment: Hold Disclosure: Held
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