Plans by Japanese company Inpex Corp. and Royal Dutch Shell to develop the Abadi floating liquefied natural gas project offshore Indonesia have been thrown into disarray as has the LNG market, raising questions once again about the Asian nation’s energy sector.
A United States energy market forecast through to 2040 suggests natural gas consumption will grow by 1.9 percent per annum, backed by abundant shale-gas resources and robust production as regional pricing begins to develop in Asian markets along the lines of the Henry Hub benchmark.
The US Government says Iran has the second-largest proved reserves of natural gas in the world after Russia and it has a strong potential to develop those resources at a faster pace after the recent lifting of nuclear-related sanctions.
Four new security patrol vessels will now help protect the Nigerian LNG export plant on Bonny Island in the Niger delta as security is stepped up in West African waters, which according to the US government have now replaced Somalia as the danger area for acts of piracy and attacks on shipping.
The liquefied natural gas industry has historically failed accurately to predict demand and in the process has constructed significantly more of the fuel that could expected to be absorbed by the market given the state of the global economy.
As uses of liquefied natural gas diversify, both in terms of profile and region, safety must always remain paramount. Other factors - including costs and speed of delivery – also remain critical elements when project planning.
June 24 (LNGJ) - The Japanese Government-run “LNG Producer-Consumer Conference 2016” has made changes to its schedule, bringing the gathering forward by a week. The conference will take place at the Grand Prince Hotel New Takanawa in Tokyo on November 23 instead of November 30. The annual conference is hosted by the Ministry of Economy, Trade and Industry and is attended by representatives from corporate producers and consumers of LNG, financial institutions and the largest global energy companies.
June 24 (LNGJ) - US natural gas spot prices at the Henry Hub have risen from $1.79 per million British thermal unit on May 27 to $2.78 per MMBtu now. Concurrently, the New York Mercantile Exchange futures contract for January 2017 delivery at the Henry Hub increased from $3.10 per MMBtu to $3.35 per MMBtu, the US Energy Information Administration said in its latest short-term report. “Although the premium of the January contract over the spot price has narrowed considerably to $0.59/MMBtu from $1.31/MMBtu on May 27, the incentive to inject natural gas into storage remains high,” the EIA said.
June 23 (LNGJ) - The 155,000 cubic metres capacity “Tangguh Hiri” has just delivered a cargo from the Bontang export plant in the Indonesian province of East Kalimantan to the South Korean Kwangyang import terminal, operated by steel producer POSCO. The country’s four other regasification facilities at Incheon, Pyeongtaek, Samcheok and Tong-Yeong are operated by Korea Gas Corp. The 135,225 cubic metres “Golar Mazo” has also unloaded an Indonesian shipment from Bontang at the Yung-An import terminal in Taiwan.
June 22 (LNGJ) - Itochu Corp., the Japanese trading house and LNG player, signed a memorandum of understanding for collaboration in oil and natural gas exploration and production with Hong Kong-based CITIC Resources, whose shareholders include Singapore wealth fund and LNG asset owner Temasek. Itochu is one of the Japanese companies that has signed an agreement to examine the realization of the Vladivostok LNG export project in the Russian Far East with Japan Petroleum Exploration Co., Marubeni Corp., Inpex Corp. and Russia’s Gazprom.
June 22 (LNGJ) - Gaztransport and Technigaz (GTT), the French owner of liquefied natural gas maritime and other storage technologies, and Turkey’s Endel Group reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance and License Agreement (TALA) for the construction of GTT membrane containment systems. In the framework of this agreement, Endel created a mock-up of a Mark III type GTT membrane system. “This partnership reinforces GTT's and Endel's product offering, and benefits clients wishing to equip their vessels with LNG membrane tanks adapted to all types of vessels, such as liners, container vessels, bulk carriers, and RO/RO vessels,” a statement said.
June 21 (LNGJ) - The port of Gladstone in eastern Australia is continuing to have steady carrier traffic for shipments to Asia from the three coal-seam-gas-to-LNG plants on Curtis Island. The 173,400 cubic metres capacity “Sevilla Knutsen” has just left the Shell-owned Queensland Curtis LNG plant jetty, while the 160,106 cubic metres capacity vessel “Kita LNG” was loading a cargo at the Gladstone LNG plant operated by Australia’s Santos. The 177,000 cubic metres capacity “Energy Horizon” has just lifted a cargo for Tokyo Bay at the Pluto LNG export plant near Dampier in Western Australia, operated by Australia’s Woodside.
June 20 (LNGJ) - The 75,000 cubic metres capacity carrier “Cheikh El Mokrani” has just delivered a shipment of LNG from Algeria to the Fos Cavaou import terminal near Marseille. The 266,000 cubic metres capacity Q-Max carrier “Umm Slal” departed on June 20 from the South Korean import terminal at Pyeongtaek, operated by Korea Gas Corp. The 266,000 cubic metres capacity Q-Max vessel “Al Mayeda” arrived at the Kogas-operated Korean import facility at Incheon with a cargo from Qatar. The following vessels are at Qatar’s LNG export terminal at Ras Laffan to load cargoes: the 145,000 cubic metres capacity “Al Deebel”, the 160,000 cubic metres capacity “Golar Celsius”, the 261,700 cubic metres capacity Q-Max carrier “Lijmilya” and the 136,000 cubic metres capacity vessel “Raahi”, according to shipping data.
June 20 (LNGJ) - The 261,700 cubic metres capacity Q-Max vessel “Al Samriya” is scheduled to deliver a cargo from Qatargas on June 26 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $5.00 per million British thermal units.
June 17 (LNG) - The 141,000 cubic metres capacity carrier “LNG Cross River” has docked at the Indian terminal at Hazira, located near Mumbai, to unload a cargo from Nigeria, according to shipping data. The 145,000 cubic metres capacity “Methane Heather Sally”, operated by Monaco-based Greek shipping company GasLog, has just unloaded a cargo at the Pakistani import facility at Port Qasim, near Karachi.
June 16 (LNGJ) - Yamal LNG project developer and natural gas and energy company Novatek of Russia and German liquefaction and processing equipment maker Linde AG have signed a partnership and cooperation agreement. The accord aims to facilitate cooperation in the construction of process modules and the sourcing of equipment in Russia. “The signed agreement will create a favourable environment for consolidating cutting-edge LNG technologies in Russia, give impetus to setting up new industrial capacities and help optimize capital expenditure on LNG projects,” said Novatek Chairman Leonid V. Mikhelson.
June 16 (LNGJ) – The 138,088 cubic metres capacity “Berge Arzew” was unloading a cargo on June 16 at the Isle of Grain LNG import terminal in Kent, southeast of London, operated by National Grid. At the same time, the 210,100 cubic metres capacity Q-Flex vessel “Umm Al Amad” has just arrived with a cargo from Qatargas for the Map Ta Phut import terminal in Thailand.
June 16 (LNGJ) - The American Bureau of Shipping, the US maritime classification society, has been elevated to a more important role in Japan to include labor inspections for all commercial shipping, including liquefied natural gas carriers. ABS was selected by the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) as a “Recognized Organization” for crew inspections to ensure minimum requirements for seafarers working on ships, including conditions of employment, accommodation, food, health protection and security. “We are very pleased to be the first foreign Recognized Organization authorized by MLIT for maritime labor inspection in Japan,” said Akira Akiyama, ABS Vice President for Japan and the Pacific Division.
June 15 (LNGJ) - Inpex Corp., the Japanese energy company and developer of LNG projects in Australia and Indonesia, has made some executive changes. Yosuke Ueda, senior executive of the Australian Japan Oil Development Co. unit, is now Vice President of the Inpex Ichthys LNG project division in Australia. Nobuyuki Higashi has additionally been made a corporate officer in his role as Vice President of Inpex Corporate Strategy and Planning. Ikuo Suzuki, senior coordinator of the technical unit at Ichthys LNG, is now general manager of that unit. Hideki Hayakawa, general manager of the global exploration division, has now been made general manager of the technical team at the Masela project division overseeing the Indonesian LNG project.
June 15 (LNGJ) - Cheniere Energy, owner and operator of the US LNG export plant in Louisiana, said its subsidiary called Sabine Pass Liquefaction, has borrowed $1.5 billion from Credit Suisse Securities (USA) in the form 5.875 percent senior secured notes due in 2026.
June 15 (LNGJ) - Tokyo Gas Co., the largest Japanese city-gas company, said last month’s sales volumes amounted to 1.12 billion cubic metres of natural gas, the equivalent of 890,000 tonnes of LNG and a rise of 6 percent on the year-ago figure. Togas announced on May 1, 2016, the integration of three affiliated gas companies, Chiba Gas, Tsukuba Gakuen Gas and Miho Gas. The Tokyo utility said industrial sector sales surged 11.4 percent and totalled 514.4 million cubic metres compared with the same month in 2015. Togas sales in the residential sector were little changed at 263.9 million cubic metres, a rise of 0.2 percent.
June 14 (LNGJ) - Gaz Metro, the natural gas distribution company in the Canadian province of Quebec, announced the start of LNG supplies delivered by truck to the Stornoway Renard diamond mine, located in the Otish Mountains, more than 1,000 kilometres from Montreal. “For a number of years, Gaz Metro has wanted to supply natural gas to regions located far from its gas network, particularly Northern Quebec, so as to offer them access to a driver of economic development that is cleaner than oil,” said Sophie Brochu, Chief Executive of Gaz Metro. The mining company has opted for LNG regasified on-site rather than diesel to run its power plant to reduce greenhouse gas emissions.
June 13 (LNGJ) - The 266,000 cubic metres capacity “Aamira” is scheduled to deliver a cargo from Qatargas on June 19 to the UK South Hook import terminal in Milford Haven, Wales, the port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.65 per million British thermal units.
June 10 (LNGJ) - China National Offshore Oil Corp. said it this week received its first LNG cargo from South America at the Ningbo import terminal in the eastern Zhejiang province. The shipment came on board the 145,000 cubic metres capacity “Methane Alison Victoria” from the Peru LNG export plant at Pampa Melchorita, CNOOC said. In other LNG carrier movements, the 160,000 cubic metres capacity vessel “Asia Vision” is scheduled to deliver a cargo from Qatar on June 14 to the Zeebrugge import terminal in Belgium. The 148,470 cubic metres capacity “LNG Kano” is expected to unload a cargo from Nigeria on June 22 at the Kuwait import facility at the port of Mina Al Ahmadi. The 148,300 cubic metres capacity carrier LNG Ondo” will deliver a shipment from Nigeria on June 17 to the Aqaba import facility in the Kingdom of Jordan.
June 10 (LNGJ) - European and US natural gas prices have risen with the recent oil surge, with the latest UK National Balancing Point benchmark price being the equivalent of $4.80 per million British thermal units compared with the US Henry Hub front-month futures price of $2.60 per MMBtu. The US natural gas price that reflects LNG export values has also risen because of forecast increases in summer US demand. “Heading into the summer cooling season, the New York Mercantile Exchange (Nymex) natural gas contract for July has markedly exceeded Henry Hub spot prices, likely reflecting expectations for summer natural gas consumption to increase substantially from current levels,” the US Energy Information Administration said.
June 9 (LNGJ) - Energy World Corp., the Australian-listed developer of the first LNG import terminal and natural gas hub in the Philippines, has hosted a visit to the site in Pagbilao in Quezon province by officials from the Department of Energy and members of the nation’s House of Representatives. “They were very impressed with the progress we have made on the Hub and the power station and promised all necessary support to bring this project into successful operation,” said EWC Chief Executive Stuart Elliott. The Pagbilao LNG Hub is scheduled to open by the end of 2016.
June 9 (LNGJ) - Russian natural gas giant Gazprom has attacked regional governments for holding back its domestic market expansion that fell 5.5 percent last year to 221.2 billion cubic metres. “Russia's regional administrations' failure to perform their obligations to prepare consumers to receive gas and a growing consumer debt for gas delivered remain a drag on the rate of gasification in Russia,” Gazprom said. “In 2015, only nine out of the 34 regions where Gazprom built inter-settlement pipelines had their authorities fulfilled their obligations in a timely manner,” it added.
June 8 (LNGJ) - Henry Hub natural gas spot prices, the benchmark for valuing US LNG volumes, are forecast to average $2.22 per million British thermal units in 2016 and $2.96 per MMBtu in 2017, the US Energy Information Administration said. The average Henry Hub price in 2015 was $2.63 per MMBtu. The EIA short-term energy outlook said US natural gas working inventories were 2,907 billion cubic feet (Bcf) at the end of May. “This level is 32 percent higher than a year earlier and 35 percent higher than the previous five-year (2011-15) average,” the report said. The US natural gas storage injection season typically runs from April through October. The EIA forecasts that natural gas inventories will be 4,161 Bcf at the end of October 2016, which would be the highest end-of-October level on record.
June 7 (LNGJ) - Japanese energy company Inpex Corp., the developer of the Ichthys LNG project in Australia and other ventures, said it was now planning to start drilling operations on an exploratory well offshore Japan. The drilling will take place off the coast of the prefectures of Shimane and Yamaguchi. The drilling operations are part of a project commissioned by the Agency of Natural Resources and Energy of the Ministry of Economy, Trade and Industry. ”Inpex plans to determine the presence of hydrocarbon deposits in the area by conducting a detailed analysis and evaluation of data obtained through the exploratory drilling,” the company said.
June 7 (LNGJ) - The leading US LNG export company Cheniere Energy held its annual meeting of shareholders and elected all 10 members standing for re-election to the board as well as appointing new President and Chief Executive Jack A. Fusco as a board member. The others elected to the board were G. Andrea Botta, Neal A. Shear, Vicky A. Bailey, Nuno Brandolini, Jonathan Christodoro, David I. Foley, David B. Kilpatrick, Samuel Merksamer, Donald F. Robillard, Jr. and Heather R. Zichal.
June 6 (LNG) - The 165,500 cubic metres capacity “Magellan Spirit” is scheduled to deliver a cargo on June 11 from the Gladstone LNG plant at Curtis Island in Queensland to the South Korean Pyeongtaek import terminal operated by Korea Gas Corp., according to shipping data. The 216,200 cubic metres capacity Q-Flex carrier “Al Sahla” is scheduled to arrive on June 7 with a shipment from Qatar for the Dahej import facility in India, operated by Petronet LNG. The 160,000 cubic meters capacity “Asia Energy”, owned by Chevron Corp., is scheduled to arrive on June 16 at the Yung-An import terminal in Taiwan with a cargo from the Woodside-operated Western Australian export plant at Dampier. The 210,000 cubic metres capacity Q-Flex vessel “Al Nuaman” was traversing the eastern Mediterranean carrying a cargo destined for the Lithuanian import facility located in the Baltic port Klaipeda.
June 6 (LNGJ) - French LNG deliveries are continuing as normal after recent strikes and attempted blockades. The 75,000 cubic metres capacity vessel Cheikh El Mokrani has just unloaded a cargo from the Skikda plant in Algeria at the Fos Cavaou import facility, located west of the Mediterranean port of Marseilles and operated by Engie subsidiary Elengy.
June 3 (LNGJ) - Japanese energy company JX Nippon Oil & Energy Corp. has agreed to sell to Norway’s Statoil its 45 percent equity share and operatorship of the UK licence for the Utgard natural gas field in the North Sea. The transaction gives Statoil 100 percent ownership. Utgard, previously known as Alfa Sentral, is a gas and condensate field spanning the UK-Norway median line. It is planned to be developed as a tie-back to existing infrastructure on the Norwegian Continental Shelf for the Sleipner gas field, located about 250 kilometres (160 miles) west of the Norwegian port of Stavanger and which Statoil operates.
June 2 (LNGJ) - Malaysia’s Alam Maritim Resources was awarded a subcontract from state-run energy company Petronas for work on the latter stages of the floating LNG production vessel “PFLNG Satu” that will be deployed in 2016 over the Kanowit natural gas field, located 180 kilometres offshore Sarawak. Alam said its contract starts in mid-June and runs until mid-October when the vessel built in South Korea will be ready to start producing 1.2 million tonnes of LNG per annum
June 2 (LNGJ) - The 155,000 cubic metres capacity vessel “Gaslog Savannah” has docked at the Peru LNG export plant at Pampa Melchorita to load a cargo for the Mexican import terminal at Manzanillo, according to shipping data. The 160,000 cubic metres capacity carrier “Asia Endeavour” will unload an Australian cargo in Japan on June 10 for Tokyo Gas. The 145,000 cubic metres capacity “Ejnan” will deliver a cargo from Qatar on June 11 to the Taiwanese import terminal at Yung-An.
June 1 (LNGJ) - Reliance Industries of India said its energy unit has sold a key African subsidiary to French energy company Total for an undisclosed sum. Total has purchased Mauritius-incorporated Gulf Africa Petroleum Corp. with operations in the East African states of Tanzania, Kenya and Uganda.
June 1 (LNGJ) - The Texas Alliance of Energy Producers said estimated natural gas output in the state last month was about 710.3 billion cubic feet, a decline of about 2.6 percent compared with the same month a year ago. With natural gas prices in April averaging $1.76 per thousand feet, the value of Texas-produced gas declined 31.2 percent to about $1.25 billion. However. according to the Texas Petro Index (TPI), crude oil prices could be leading the industry to recovery as West Texas intermediate (WTI) crude was last at $48.65 per barrel since falling to a low of $22.75 per barrel on February 11, 2016. “It appears increasingly likely that we have seen the bottom, and that is certainly cause for some celebration and cautious optimism about where we are headed at this point,” said Karr Ingham, the economist who created the TPI and updates it monthly.
May 31 (LNGJ) - The Society of Petroleum Engineers (SPE) said it would hold its Annual Technical Conference and Exhibition (ATCE) in Dubai under the patronage of the Prime Minister of the United Arab Emirates and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. The ATCE will take place at the Dubai World Trade Centre from September 26-28, the first time that it will be held in the Middle East in its 92-year history. “The conference also will offer 13 special sessions, a mixture of technical and strategic in nature,” said the SPE, which has offices around the world, including in London, Kuala Lumpur Dubai and Houston, Texas. The ATCE is expecting more than 10,000 attendees, who will also have the opportunity to visit the exhibition with more than 250 exhibitors showcasing technologies for oil, natural gas and LNG.
May 31 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Zarga” is scheduled to deliver a cargo from Qatargas on June 3 to the UK South Hook import terminal in Milford Haven, Wales, the port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.55 per million British thermal units.
May 27 (LNGJ) - The 162,000 cubic metres capacity carrier “Esshu Maru”, operated by Japan’s K-Line, is scheduled to unload a cargo from Trinidad on May 27 at the Pecem import facility in Brazil, according to shipping data. The 137,231 cubic metres capacity vessel “LNG Rivers” is scheduled to deliver a shipment from Nigeria on June 1 to the Sines import terminal in Portugal. The 75,000 cubic metres capacity “Cheikh Bouamama” will deliver a cargo from the Algerian export plant at Skikda on May 28 to the import terminal at Sagunto in southern Spain
May 27 (LNGJ) - The 138,214 cubic metres capacity “Hanjin Ras Laffan” arrived on May 27 in South Korea with a Qatari cargo for the Pyeongtaek import terminal, operated by Korea Gas Corp. The 172,000 cubic metres capacity “Gigira Laitebo” has unloaded a shipment from Papua New Guinea at the Japanese import terminal at Oita, operated by Kyushu Electric. The 137,350 cubic metres capacity vessel “Al Wajbah” is scheduled to deliver a cargo on May 30 to the Japanese Yokkaichi import terminal, operated by Chubu Electric.
May 26 (LNGJ) - The 155,900 cubic metres capacity Marshall Islands-flagged carrier “Clean Planet”, operated by Dynagas, arrived at the National Grid-owned UK Isle of Grain import terminal in Kent from the Huelva import and re-export facility in southern Spain, according to shipping data.
May 26 (LNGJ) - Cheniere Energy, operator of the Sabine Pass liquefied natural gas export plant in Louisiana, told US regulators its second project, the Corpus Christi LNG development in Texas, was now more than one-third complete and the first liquefaction Train was on track for start-up in 2018. In its latest progress report to the Federal Energy Regulatory Commission, the Houston-based company said construction at Corpus Christi was 33.5 percent complete. The Texas liquefaction plant is being built on the shore of Corpus Christi Bay, at the north end of the La Quinta Channel. The contractors are led by Bechtel Inc. The Phase 1 EPC contract for Corpus Christi includes building two LNG Trains, each with 4.5 million tonnes per annum of capacity, two storage tanks, one complete berth and a second partial berth.
May 25 (LNGJ) - The 160,000 cubic metres capacity “Golar Celsius” is loading a cargo on May 25 at the Ras Laffan export terminal in Qatar, according to shipping data. The 217,000 cubic metres capacity carrier “Al Kharsaaah” will unload a shipment from Qatar on May 26 at the Hazira import terminal in India. The 155,000 cubic metres capacity “British Diamond”, operated by BP Shipping, will deliver a Qatari cargo on May 30 to the Zhuhai import facility in China’s Guangdong province. The 210,100 cubic metres capacity Q-Flex carrier “Duhail” is scheduled to unload a cargo from Qatar on June 5 at the Map Ta Phut import terminal in Thailand.
May 24 (LNGJ) - The 266.000 cubic metres capacity Qatari Q-Max carrier “Mozah” is scheduled to deliver a shipment on May 29 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.20 per million British thermal units. The 155,000 cubic metres capacity carrier “British Ruby” will deliver a cargo on June 1 to the Argentine import terminal at Bahia Blanca. The shipment was lifted from the Nigeria LNG plant, according to shipping data.
May 24 (LNGJ) - The Crowley Maritime Corp. subsidiary in the US territory of Puerto Rico said it signed an additional contract valued at $21 million for improvements and upgrades at its Isla Grande port terminal in San Juan. It is the latest in a series of investments in support of Crowley’s plans for more efficient operations in the Caribbean region using LNG fuel. “The contract is the third awarded that is associated with Crowley’s investment in its Isla Grande terminal in preparation for the arrival next year of the first of Crowley’s two new LNG-powered, Commitment Class ships now under construction in Pascagoula, Mississippi,” the company said.
May 23 (LNGJ) - The 145,400 cubic metres capacity carrier “Cygnus Passage” arrived on May 23 with a cargo from Papua New Guinea to unload at the Japanese Niigata import terminal operated by Tohoku Electric, according to shipping data. The 173,400 cubic metres capacity carrier “Sevilla Knutsen” docked on May 23 to load a cargo at the Shell-owned Queensland Curtis LNG plant at Gladstone port in eastern Australia. The 155,000 cubic metres capacity vessel “LNG Venus” has just departed from the Qalhat export plant in Oman with a cargo bound for Osaka Gas in Japan. The 147,000 cubic metres capacity “Dapeng Sun” has undocked from Australia’s Dampier export facility at Withnell Bay in Western Australia and is headed for China’s Guangdong import terminal on the Pearl River delta.
May 20 (LNGJ) – The 140,000 cubic metres capacity “Arctic Voyager” is scheduled to deliver a Norwegian cargo on May 22 to the import terminal at the Lithuanian Baltic port of Klaipeda. The 75,500 cubic metres capacity carrier “Cheikh Bouamama” was unloading a cargo from Skikda in Algeria on May 20 at the Barcelona import terminal in Spain. The “Puteri Firus Satu” has delivered a shipment from Malaysia to the Incheon import facility operated by Korea Gas Corp. The 165,500 cubic metres capacity “Woodside Donaldson” has unloaded a cargo from the Dampier export plant in Western Australia at the Japanese import terminal in the port of Nagoya.
May 20 (LNG) - Origin Energy, a shareholder in the Australia Pacific LNG plant with ConocoPhillips of the US and China’s Sinopec, has entered into an agreement to sell the Mortlake Pipeline for $245 million in cash to SEA Gas Partnership. The Mortlake pipeline, which is currently operated by an affiliate of SEA Gas, supplies natural gas to Origin’s Mortlake power station in the state of Victoria. Origin has secured long-term gas transportation and storage services on the pipeline. Origin Managing Director Grant King said: “The sale of the Mortlake pipeline demonstrates progress against our stated intention to generate at least $800M through asset divestments including non-operated upstream interests and other infrastructure assets.”
May 19 (LNGJ) - Teekay LNG Partners, a unit of the global Teekay Corp. shipping line, saw first-quarter distributable cash flow drop to $54.4 million from $66.2M in the same three months a year ago. These decreases were partially offset by the 174,000 cubic metres capacity LNG carrier “Creole Spirit” commencing its charter contract with Cheniere Energy of the US in late February 2016 and shipping a cargo from the Sabine Pass export plant in Louisiana to the Sines import terminal in Portugal.
May 18 (LNGJ) - Gas Natural Fenosa, the Spain-based European energy and power company, said its investments from 2016 to 2018 would total 1.2 billion euros ($1.35Bln) and include the chartering of four LNG carriers and one floating regasification unit. GNF has secured US LNG cargoes from the Corpus Christi liquefaction and export plant being developed in Texas by Cheniere Energy of Houston.
May 18 (LNGJ) - The 210,100 cubic metres capacity Q-Flex carrier “Al Sheehaniya” will deliver a shipment on May 25 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.30 per million British thermal units.
May 17 (LNGJ) - The 155,900 cubic metres capacity Marshall Islands-flagged carrier “Clean Planet” will deliver a Qatari cargo on May 21 to the import terminal at Huelva in southern Spain, according to shipping data. The 148,300 cubic metres capacity Bermuda-flagged “LNG Imo” is scheduled to deliver a cargo from Nigeria on May 26 to the Jordanian import facility at the Port of Aqaba.
May 17 (LNGJ) - TransCanada Corp., the builder of feed-gas pipelines in Canada for LNG projects, said the Committee on Foreign Investment in the United States had notified the Canadian company that its proposed $13 billion takeover of Columbia Pipeline Group Inc. could go ahead after an investigation found no unresolved national security concerns. Closing is also subject to clearance by the US Federal Trade Commission on antitrust issues and the approval of Columbia's stockholders scheduled for June 22, 2016. “TransCanada and Columbia continue to anticipate completing the transaction in the second half of 2016,” the company said.
May 17 (LNGJ) - The 138,088 cubic metres capacity “Berge Arzew” has left Algeria with a cargo for the Isle of Grain import facility in Kent and due for delivery on May 22, according to shipping data. The 155,000 cubic metres capacity “GasLog Shanghai” has just departed the Cheniere Energy US export plant at Sabine Pass in Louisiana for an as yet unconfirmed destination. The 145,000 cubic metres capacity “Pacific Enlighten” has just unloaded a delivery at the Japanese import facility at Kitakyushu from the Woodside-operated export terminal at Dampier in Western Australia.
May 16 (LNGJ) - The 261,700 cubic metres capacity Q-Max carrier “Lijmiliya” will deliver a shipment on May 21 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.20 per million British thermal units.