A lot has changed between 2013, when Russian gas producer Novatek and its French and Chinese partners decided to go ahead with the $27 billion Yamal LNG venture, and this month when a Shell-led consortium made the same decision for its $31 billion LNG Canada project in Kitimat, British Columbia. Global LNG trade grew 30 percent over the five years; a dozen more countries are importing the fuel; and more LNG is being sold under spot and short-term deals as buyers take advantage of the highly competitive and changing marketplace. The Canadian project could be the first of several in the next year or so as suppliers look to fill an anticipated supply gap in the 2020s and beyond. The world’s No. 1 LNG producer, Qatar, is expected to decide next year to go ahead with a 40 percent boost in its output capacity to 110 million tonnes a year. “If you look at the demand curve and the supply coming on stream, there are simply not enough projects being sanctioned or under development to … [Read more...] about Companies, countries jockey to fill mid-2020s LNG demand
Pacific northwest lng
TransCanada Reports Strong Second Quarter 2018 Financial Results
High Quality, Diversified Asset Portfolio Expected to Drive Record Performance in 2018 CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for second quarter 2018 of $785 million or $0.88 per share compared to net income of $881 million or $1.01 per share for the same period in 2017. Comparable earnings for second quarter 2018 were $768 million or $0.86 per share compared to $659 million or $0.76 per share for the same period in 2017. TransCanada's Board of Directors also declared a quarterly dividend of $0.69 per common share for the quarter ending September 30, 2018, equivalent to $2.76 per common share on an annualized basis. /EIN News/ -- "During the second quarter of 2018 our diversified portfolio of critical energy infrastructure assets continued to perform very well," said Russ Girling, TransCanada's president and chief executive officer. … [Read more...] about TransCanada Reports Strong Second Quarter 2018 Financial Results
Shell ramps up in Kitimat, raising Canada’s $30 billion LNG hopes
Natalie Obiko Pearson, Bloomberg Published 11:33 am PDT, Monday, July 9, 2018 Photo: Bloomberg Photo By Ben Nelms. Image 1of/1 CaptionClose Image 1 of 1 The Kitimat LNG site in 2015. The Kitimat LNG site in 2015. Photo: Bloomberg Photo By Ben Nelms. Shell ramps up in Kitimat, raising Canada's $30 billion LNG hopes 1 / 1 Back to Gallery A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation's largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is unmistakable in Kitimat, British Columbia, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia. The lights … [Read more...] about Shell ramps up in Kitimat, raising Canada’s $30 billion LNG hopes
Primoris Services Corporation Announces 2018 First Quarter Financial Results
Board of Directors Declares $0.06 Per Share Cash Dividend and Authorizes $5 Million Share Repurchase Plan Financial Highlights 2018 Q1 revenue of $504.1 million 2018 Q1 net income attributable to Primoris of $0.7 million, or $0.01 per fully diluted share 2018 Q1 cash flow from operations of $3.7 million Total Backlog of $2.6 billion at March 31, 2018 DALLAS, May 08, 2018 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ GS:PRIM) (“Primoris” or “Company”) today announced financial results for its first quarter ended March 31, 2018. The Company also announced that on May 4, 2018 its Board of Directors declared a $0.06 per share cash dividend to stockholders of record on June 29, 2018, payable on or about July 13, 2018. David King, President and Chief Executive Officer of Primoris, commented, “Primoris’ first quarter results are in line with our expectations, as growth in Master Service Agreement (“MSA”) revenue from … [Read more...] about Primoris Services Corporation Announces 2018 First Quarter Financial Results
TransCanada Reports Strong First Quarter 2018 Financial Results
/EIN News/ -- Diversified Portfolio of High Quality Assets Continues to Drive Record Performance CALGARY, Alberta, April 27, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for first quarter 2018 of $734 million or $0.83 per share compared to net income of $643 million or $0.74 per share for the same period in 2017. Comparable earnings for first quarter 2018 were $870 million or $0.98 per share compared to $698 million or $0.81 per share for the same period in 2017. TransCanada's Board of Directors also declared a quarterly dividend of $0.69 per common share for the quarter ending June 30, 2018, equivalent to $2.76 per common share on an annualized basis. "During the first quarter of 2018 our diversified portfolio of high-quality energy infrastructure assets continued to perform very well," said Russ Girling, TransCanada's president and chief executive officer. "Comparable … [Read more...] about TransCanada Reports Strong First Quarter 2018 Financial Results