John McKay

United Kingdom

Editor at LNG Unlimited

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Articles

Cheniere buybacks boost

Jun 17, 2024 | lngjournal.com | John McKay

Free ReadJune 18 (LNGJ) - Cheniere Energy, the largest US LNG producer with the Sabine Pass and Corpus Christi plants and their expansion projects, has received board approval for an increase in its share repurchase authorisation by an additional $4 billion through 2027, and for a plan to increase its quarterly dividend by around 15 percent to $2.00 per common share annualised, commencing with the third quarter 2024.
TotalEnergies Brunei pull-out

Jun 13, 2024 | lngjournal.com | John McKay

Free ReadJune 14 (LNGJ) - TotalEnergies has agreed to sell its wholly-owned subsidiary in LNG producing nation Brunei to the Hibiscus Petroleum group, a Malaysian independent oil and gas player, for $259 million. The transaction is expected to close in the fourth quarter of 2024. The Sultanate of Brunei on the island of Borneo has been an LNG exporter since 1973 and the shareholders are the Brunei Government, Shell and Japan’s Mitsubishi Corp.
UK cargo deliveries

Feb 8, 2024 | lngjournal.com | John McKay

Free ReadFeb 9 (LNGJ) - The UK LNG import terminals at the Port of Milford Haven are scheduled to receive three cargoes next week, one from Egypt and two from the US, according to shipping data. The “Maran Gas Hector” with 174,000 cubic metres capacity is due to deliver a shipment to the Dragon terminal at the Welsh port on February 12 from the Egyptian plant at Damietta.
Beach LNG boost

Jan 24, 2024 | lngjournal.com | John McKay

Free ReadJan 25 (LNGJ) - Beach Energy of Australia reported a 37 percent increase in quarterly sales revenue of A$544 million (US$358M), mainly due to the sale of the first Waitsia LNG project cargo from the onshore gas project in the Perth Basin of Western Australia and the one-off sale of a condensate shipment from the Waitsia venture with Mitsui of Japan.
BP German move

Jan 16, 2024 | lngjournal.com | John McKay

Free ReadJan 17 (LNGJ) - BP has acquired a privately-owned power and gas supplier to commercial and industrial customers called Getec Energie GmbH with operations in Germany, the Netherlands, Austria, Belgium and Poland. It has an extensive German customer base, supplying power and gas as well as renewable power purchase agreements (PPAs) and balancing services. The cost of the transaction was not disclosed.
EQT tolling deal

Jan 11, 2024 | lngjournal.com | John McKay

Free ReadJan 12 (LNGJ) - Texas LNG Brownsville, a subsidiary of Glenfarne Energy Transition, has signed a Heads of Agreement with US shale-gas company EQT Corp. for natural gas liquefaction services. The HOA anticipates the finalization of a definitive 15-year LNG tolling agreement for 500,000 tonnes per annum of LNG from the first Train of the Texas venture. Texas LNG has proposed annual output of 4 million tonnes per annum from the facility at the Port of Brownsville in Texas.
US cargoes for UK

Jan 10, 2024 | lngjournal.com | John McKay

Free ReadJan 11 (LNGJ) - The UK is scheduled to receive at least two US LNG cargoes in the coming week. The carrier “Tenergy” with 170,500 cubic metres capacity will deliver a shipment on January 13 to the UK Dragon terminal at the Port of Milford Haven in Wales, according to shipping data. The cargo was lifted on December 26 from the Corpus Christi export facility in Texas. A second deliver is due on January 15 at the South Hook import terminal at Milford Haven.
Namibia oil and gas

Jan 9, 2024 | lngjournal.com | John McKay

Free ReadJan 10 (LNGJ) - TotalEnergies has signed an agreement to acquire bigger stakes in offshore oil and gas fields in the southwest African nation of Namibia along with partner and leading LNG produce QatarEnergy, said to the world’s leading LNG producer QatarEnergy.
German LNG deal

Jan 7, 2024 | lngjournal.com | John McKay

Free ReadJan 8 (LNGJ) - Klaipėdos Nafta, the operator of the LNG import terminal in the Baltic state of Lithuania, will now become the commercial manager of four German LNG terminals. “KN Energies AB has kicked off the year 2024 by securing the public tenders for the commercial management of four German terminals,” said KN Energies.
UK deliveries

Dec 17, 2023 | lngjournal.com | John McKay

Free ReadDec 18 (LNGJ) - The UK is scheduled to receive at last three LNG cargoes in the coming week from Trinidad, Norway and the US Gulf Coast. The “Bilbao Knutsen” with 135,000 cubic metres capacity is scheduled to discharge a cargo from Trinidad on December 22 at the UK Dragon import terminal at the Port of Milford Haven. The cargo was loaded on November 21 at the Caribbean nation’s Point Fortin facility, according to shipping data.