Wednesday, August 19, 2020

"Singapore company sets up shop in Houston with eye on U.S. LNG market"

Singapore is working on four or five different approaches to next-gen energy sources, including some fancy stuff from Australia.
More on that next week.
From the Houston Chronicle, August 18:
Singapore liquefied natural gas company Delta Offshore Energy is opening a new office in the Houston area as the firm moves forward with plans to build an offshore LNG import terminal to feed a planned power plant in Vietnam.

Delta has government approval to build a 3.2-gigawatt power plant in the Bac Lieu province at the southern tip of the Southeast Asian nation. To feed that power plant with natural gas, the company plans to build an offshore import terminal about 19 miles off the coast
The privately held company has selected contractors, including some from Houston, and it plans to issue a request for proposals for an LNG supply deal this year.

The Houston office and supply deal come as an industry downturn caused by the coronavirus pandemic has resulted in nearly 100,000 layoffs, the cancellation of more than 100 LNG cargoes this year and the failure of companies such as Tellurian and Magnolia LNG to finalize key production deals.

Bobby Quintos, one of Delta’s two managing directors, is scouting for roughly 10,000 square feet of office space in the Houston suburb of the The Woodlands....