KBR to Move Away from LNG, Energy Business
Engineering and construction firm KBR Inc will exit most of its liquefied natural gas (LNG) construction and other energy projects, it told investors and employees, as customers pull back on energy investments.The company will refocus on government contracts and technology businesses, Chief Executive Stuart Bradie wrote to employees on Monday. It will "no longer engage in lump sum…
US Signs Highest LNG Export Contract
US signed highest volume of global long-term liquefied natural gas (LNG) export contracts in 2019, accounting for around a 67% of global share. Abundant shale gas production in the US has enabled the country to export natural gas as LNG. to global markets. According to GlobalData, the US has signed five long-term contracts in 2019 for the export of 22.3 million tonnes per annum (mtpa) of LNG.
China LNG Growth Not Slowing -Woodside
China's appetite for liquefied natural gas (LNG) has not slowed, but its purchases have been spread more evenly, avoiding last year's sudden spike to meet winter demand, Australia's top independent LNG producer said on Tuesday.LNG demand from North Asia's main hubs in Japan, China and South Korea has slowed in recent weeks, raising concern that forecasts for a milder than usual winter may dent consumption.
Next-wave LNG Race Hits Hurdles in US-China Trade War
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal…
LNG exits Fisherman’s Landing Project
Liquefied Natural Gas Limited executed a Share Sale Agreement (the Agreement) with a third-party (the Buyer) for the acquisition of all the shares of LNGL’s wholly-owned subsidiary, Gladstone LNG Pty Ltd (Gladstone LNG). In return, LNGL received US$800,000, previously held in a trust account under a previously disclosed Licence Transfer Agreement, and a reimbursement for security deposits posted by Gladstone LNG related to the Fisherman’s Landing project licences.
Magnolia EPC contract extended
Liquefied Natural Gas Ltd (LNGL) informed that its 100% owned subsidiary, Magnolia LNG, LLC (MLNG or Magnolia), has agreed with KSJV to further extend the validity period of the signed engineering, procurement, and construction (EPC) contract through 30 June 2017. As previously announced on 26 April 2016, Magnolia and KSJV, a KBR – SKE&C joint venture lead by KBR, had extended…
MLNG, VGS Sign HOA for sales to KGLNGT Terminal in India
Liquefied Natural Gas Ltd (LNGL or the Company) has advised that its 100% owned subsidiary, Magnolia LNG, LLC (MLNG or Magnolia), has signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc. (VGS) in relation to the Magnolia LNG Project, in Lake Charles, Louisiana, United States (MLNG Project). The non-binding HOA provides for a 20 year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4 million metric tonnes per annum (mtpa).
DOE Nod for Magnolia LNG Non-FTA Exports
Liquefied Natural Gas Limited have informed that the US Department of Energy (DOE) has announced today its decision granting LNGL’s Magnolia LNG Project authorization to export liquefied natural gas from the proposed facility in Lake Charles, Louisiana, USA to countries with which the United States has not entered into a free trade agreement (non-FTA approval). Greg Vesey, LNGL Managing Director and CEO…
LNGL's Founder Steps Down
The Board of Directors of Liquefied Natural Gas Limited (ASX: LNG, OTC ADR: LNGLY) (LNGL or the Company) today announced that Mr Maurice Brand will step down as an Executive Director with the Company effective 1 August 2016. Mr Brand is the founder and former Managing Director and Chief Executive Officer of Liquefied Natural Gas Limited, which listed on the ASX in September 2004.
Magnolia LNG Secures FERC Order
Liquefied Natural Gas Limited have stated that its wholly owned subsidiary, Magnolia LNG, LLC (Magnolia LNG), received the Federal Energy Regulatory Commission (FERC) authorization (FERC Order) to site, construct, and operate facilities to liquefy and export domestically produced natural gas from its liquefied natural gas (LNG) terminal in the Lake Charles District, State of Louisiana, USA.
Magnolia LNG Extends Deal with Meridian
Liquefied Natural Gas Ltd's 100% owned project company, Magnolia LNG, LLC (Magnolia) and Meridian LNG Holdings Corp (Meridian LNG) have agreed to extend the financial close date condition precedent for Magnolia LNG from 30 June 2016 to 31 December 2016. On 23 July 2015, the company announced the signing of a legally binding agreement with Meridian LNG for firm capacity rights for up to 2 million tonnes per annum (mtpa) at Magnolia LNG…
LNG Ltd Appoints Chief Development & CTO
Liquefied Natural Gas Limited has announced the appointment of Anthony Gelotti as Chief Development Officer based in Houston, Texas, USA. John Baguley, Chief Operating Officer for Magnolia LNG will assume the additional responsibilities of LNGL Chief Technical Officer. Dr Nimalan Gnanendran has been promoted to the position of LNGL Technology Manager. The above appointments are effective December 1, 2015.
Magnolia LNG Executes EPC Contract with KBR-SK JV
Liquefied Natural Gas Limited advised that its wholly owned subsidiary, Magnolia LNG LLC (Magnolia), has agreed a legally binding lump sum turnkey (LSTK) engineering, procurement and construction contract (EPC Contract) with the KBR‐SKE&C joint venture (KSJV) in relation to the Magnolia LNG project (MLNG). The EPC Contract covers the engineering, procurement and construction…
Magnolia LNG Receives Final FEIS
Liquefied Natural Gas Limited and Magnolia LNG LLC (Magnolia) announced that the United States Federal Energy Regulatory Commission (FERC) issued the Final Environmental Impact Statement (FEIS) for the Magnolia LNG (MLNG) project in Lake Charles, Louisiana, and the associated Kinder Morgan Louisiana Pipeline (KMLP) Lake Charles Expansion Project on 13 November 2015. Issuance…
Magnolia LNG Status Update
• The FERC’s DEIS comment period expired on 8 September 2015. the fourth quarter 2015. • Marketing of binding offtake agreements for 6 mtpa of Magnolia LNG capacity continues with some negotiations advanced. Magnolia LNG, LLC informs that with regard the outcome of the FERC’s Draft Environmental Impact Statement (DEIS) comment period for Magnolia LNG, the FERC’s DEIS comment period expired on 8 September 2015.
LNGL Forms Alliances with Siemens, EthosEnergy
Liquefied Natural Gas Limited (LNGL) announced that it is entering into two additional key supplier alliance agreements (SAA) with Siemens Energy Inc. (Siemens) and EthosEnergy Group (EthosEnergy), respectively. These agreements call for LNGL to work collaboratively with both Siemens and EthosEnergy on current and future Company projects. The use of global alliance agreements with key suppliers is central to LNGL’s strategy to produce standardized…
LNG Inks Global Alliance Pact with Siemens, EthosEnergy
Liquefied Natural Gas Limited is entering into two additional key supplier alliance agreements (SAA) with Siemens Energy Inc. and EthosEnergy Group, respectively. These agreements call for LNGL to work collaboratively with both Siemens and EthosEnergy on current and future Company projects. The use of global alliance agreements with key suppliers is central to LNGL’s strategy to produce standardized…
LNG in Global Alliance With Chart Industries
Liquefied Natural Gas Limited is entering into a supplier alliance agreement (SAA) with Chart Industries, Inc. (Chart) through Chart’s wholly owned subsidiary, Chart Energy & Chemicals, Inc. The SAA provides for the design and manufacture of brazed aluminium heat exchangers (BAHX) and LNG liquefaction cold boxes used in the OSMR LNG liquefaction design. The global alliance agreement…
Magnolia Inks deal with Meridian
Liquefied Natural Gas Ltd informed that its 100% owned project company, Magnolia LNG, LLC signed a legally binding agreement with Meridian LNG Holdings Corp for firm capacity rights for up to 2 million tonnes per annum (mtpa) at Magnolia LNG, located on the Calcasieu shipping channel in the Lake Charles District, State of Louisiana, USA. Under the liquefaction tolling agreement (LTA)…
Magnolia LNG Receives DEIS from FERC
The United States Federal Energy Regulatory Commission (FERC) issued the Draft Environmental Impact Statement (DEIS) for the Magnolia LNG project on Friday, 17 July 2015. The DEIS is a critical milestone for the Magnolia LNG project, incorporating comments from FERC and other cooperating federal agencies. In completing the work necessary to issue the DEIS, the FERC analysed…