Transaction Overview Announcement Details Honeywell to acquire Air Products' LNG process technology and equipment business Acquisition cost: $1.81 billion in an all-cash transaction Transaction represents approximately 13x estimated 2024 EBITDA Expected to close before the end of the calendar year, pending customary conditions and regulatory approvals Strategic Benefits Enhances Honeywell's energy transition capabilities Creates an end-to-end offering for energy transformation Integrates natural gas pre-treatment and liquefaction with Honeywell's digital automation technologies Expands Honeyw ..read more

Glenfarne Energy Transition Has Announced Texas LNG Has Signed an LNG Offtake Agreement with an Affiliate of Top Tier Market Participant Key Points: Agreement Signed: Texas LNG Brownsville LLC ("Texas LNG") has signed a non-binding Heads of Agreement ("HOA"). The agreement is with an affiliate of a top-tier credit-rated market participant. The agreement is for a long-term LNG free-on-board ("FOB") sale and purchase agreement ("SPA") for 0.5 MTPA of LNG. Texas LNG Overview: Texas LNG is a 4 MTPA LNG export terminal. Located in the Port of Brownsville, Texas. Subsidiary of Glenfarne Energy Tra ..read more

Overview Vitol announced today the company has secured three LNG Bunkering Vessels (LNGBV) through its shipping company, Vitol International Shipping Pte Ltd (VIS). Agreement Details: Partner: Avenir LNG Limited (Avenir) Shipyard: CIMC Sinopacific Offshore & Engineering Co. Ltd in Nantong, China Time Charter: Seven to ten years Details of the Agreement Vessels Secured: One newbuild 20,000m3 LNGBV through a time charter agreement with Avenir. Time charter starts in Q4 2026 for seven years, with options to extend up to ten years. Ordered one 12,500 m3 LNGBV and one 20,000 m3 LNGBV from C ..read more

Segment Overview: 1. Cryo Tank Solutions (CTS) Orders: Q1 2024 orders amounted to $159.3 million, marking a decrease of 4.5% year-over-year, primarily due to a significant rail car order in Q1 2023. Sales: Sales increased by 13.2% to $159.7 million, driven by rising demand in the EMEA industrial gas market. Book-to-Bill Ratio: Maintained at 1.0X, reflecting steady demand. Gross Profit Margin: Slightly decreased by 10 basis points to 20.5%. 2. Heat Transfer Systems (HTS) Orders: Experienced a significant decrease of 29.8% to $237.3 million, compared to the prior year, influenced by high p ..read more

On April 24th, 2024 the U.S. Department of Energy released the U.S. Natural Gas Imports and Exports Monthly which covered February 2024. Overview summary from that report is below. In February 2024, the United States exported a total of 643.0 billion cubic feet (Bcf) and imported 268.3 Bcf of natural gas, resulting in 374.7 Bcf of net exports. The significant proportion of exports was in the form of LNG. U.S. LNG Exports The United States exported 358.9 Bcf of LNG, constituting 55.8% of total natural gas exports for the month. This LNG was distributed among 30 countries across different re ..read more

On March 25th, 2024 the U.S. Department of Energy released the U.S. Natural Gas Imports and Exports Monthly which covered January 2024.  Overview summary from that report is below. Overview: January 2024 U.S. LNG Exports The United States exported 396.2 billion cubic feet (Bcf) of natural gas as liquefied natural gas (LNG), representing 58.8% of total U.S. natural gas exports, to 30 countries. Distribution by region:Europe received 283.7 Bcf (71.6% of U.S. LNG exports). Asia received 76.3 Bcf (19.2%). Latin America/Caribbean received 36.3 Bcf (9.2%). Compared to December 2023, there w ..read more

LNG Pipeline Receipts: Average natural gas deliveries to U.S. LNG export terminals decreased by 2.8% week over week, averaging 12.9 Bcf/d. In South Louisiana, deliveries decreased by 2.0% to 8.8 Bcf/d. In Texas, deliveries fell by 6.8% to 2.9 Bcf/d. Freeport LNG has been at reduced operation since mid-January, expecting to continue until May. Deliveries to terminals outside the Gulf Coast remained steady at 1.2 Bcf/d. Vessels Departing U.S. Ports: Twenty-one LNG vessels departed the U.S. between March 14 and March 20, with a total capacity of 78 Bcf. Departures included eight from Sabine Pas ..read more

Potential product or service need based on the referenced story or press release. TotalEnergies - Pipeline Integrity Management Service Type: Pipeline Integrity Scope: Comprehensive management services including inspection, corrosion monitoring, and maintenance. Importance: Ensures long-term safety and efficiency for Tyra field operations. Potential Partners: Baker Hughes, Halliburton, Rosen Group, NDT Global, Intertek. Region: Europe. Timeline: Post March 2024. Objective: Establish ongoing pipeline integrity service contract. Reference: Offshore Engineer Article - Denmark's Largest Offshore ..read more

Renewable Energy Solutions Potential Product/Service Need: Hybrid Renewable Energy Systems Company: LNG Canada Description: Integrated wind, solar, and storage systems for LNG facilities. Story: Reuters via Nasdaq Potential Product/Service Need: Renewable Energy Integration Solutions Company: Coal India Ltd (CIL) Description: Solutions for integrating renewable energy sources with thermal power plants to create hybrid power systems. Story: Power Technology Hydrogen and CCS Technologies Potential Product/Service Need: Electrolyzer Systems for Green Hydrogen Production Company: BP (HyGr ..read more

LNG data below from the November 2, 2023 U.S. EIA Natural Gas Weekly Update Report. Pipeline Receipts for LNG Exports: Increase in Deliveries: U.S. LNG export terminals saw a 2.0% rise in natural gas deliveries, averaging 13.9 billion cubic feet per day (Bcf/d). South Louisiana Gains: Deliveries to South Louisiana terminals went up by 2.9%, reaching 8.7 Bcf/d. Steady Elsewhere: Natural gas deliveries to South Texas remained at 4.1 Bcf/d, with deliveries outside the Gulf Coast holding at 1.1 Bcf/d. Vessels Departing U.S. Ports: Total Departures: 29 LNG vessels left U.S. ports from October 26 ..read more