March 28 (LNGJ) - Dominion Energy, developer of the Cove Point LNG export plant in Maryland, has put the price of its public offering of 20 million shares of its common stock at $67.85 per share. The offering will be conducted under forward sale agreements. Goldman Sachs, Credit Suisse Securities, Barclays Capital, Citigroup and J.P. Morgan are acting as joint book-running managers of the offering. “The underwriters may offer shares of Dominion Energy's common stock in transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at either market prices or at negotiated prices,” said Dominion. The offering is expected to raise at least $1.35 billion and would be used for debt financing.
April 3 (LNGJ) - OLT Offshore LNG Toscana, the Italian floating import company with a facility offshore the Mediterranean port of Livorno, said that starting from April 10 the regasification capacity of OLT will be awarded via auctions on the Platform for the Allocation of Regasification Capacity operated by the Italian power exchange management company Gestore Mercati Energetici (GME). OLT and GME have signed an accord on allocations. “This agreement regulates the relations between GME and OLT,” said OLT. “The platform will be in operation from April. OLT will launch the first monthly auction on April 10 in order to offer the regasification capacity available from May to the end of September,” it explained. OLT offshore operates the “FSRU Toscana”, moored 22 kilometres off the coast between the cities of Livorno and Pisa and connected to the Italian national gas transmission grid.
April 3 (LNGJ) - The 173,400 cubic metres capacity carrier “Ribera del Duero Knutsen” has docked at the Chilean import terminal at Mejillones port with a cargo from the US Sabine Pass export facility in Louisiana, owned by Cheniere Energy. The 152,300 cubic metres capacity carrier “Seri Bakti”, operated by Malaysia International Shipping Corp., has docked at the Chinese Ningbo import terminal in Zhoushan port with a shipment from the Gladstone LNG plant on Curtis island in Queensland, Australia. The “LNG Niger River” was unloading a shipment on April 3 at the Hazira import terminal, operated by Shell India, from the Nigeria export plant on Bonny Island. The 177,000 cubic metres capacity vessel “Energy Horizon” has docked at the Japanese Sodegaura import terminal with a cargo from the Dampier facility in Western Australia for Pluto LNG, operated by Woodside Petroleum.
April 4 (LNGJ) - Mitsui & Co., the Japanese conglomerate and LNG market participant in the shipping and project sectors, is close to gaining majority control of Australian natural gas operator AWE and its Perth Basin joint venture in Western Australia. Mitsui said that as part of its US$460 million takeover bid for AWE it had now been accorded 48 percent of the shares. Once the conglomerate reaches 50.1 percent of the shares in the Australian Securities Exchange-listed company its takeover offer becomes unconditional. AWE’s assets include a 50 percent stake and operatorship of the promising Waitsia onshore natural gas project.
April 5 (LNGJ) - Hoegh LNG, the Norwegian shipping and project company, has taken delivery of its eighth floating storage and regasification unit (FSRU), the “Hoegh Esperanza”. It was constructed at Hyundai Heavy Industries in South Korea and designed for open, combined and closed-loop regasification operations. It has a storage capacity of 170 000 cubic metres of LNG and regasification throughput of 750 million standard cubic feet per day. It is also equipped with a GTT Mark III membrane containment system and dual-fuel diesel-electric propulsion. “Hoegh LNG is currently in advanced negotiations for intermediate employment of ‘Hoegh Esperanza’ on a combined FSRU and LNGC contract with seasonal use in FSRU mode until the anticipated start date of its intended long-term FSRU contract in Chile,” said the company.
March 29 (LNGJ) - The 138,000 cubic metres capacity carrier “Madrid Spirit” is scheduled to deliver a shipment of LNG on April 2 to the UK Dragon import terminal in Milford Haven in Wales from the Atlantic export plant at Point Fortin in Trinidad. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.00 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $6.60 per MMBtu