In this issue

 

Global natural gas trade is expanding and LNG is increasing more rapidly than pipeline gas and there will be ample supply of LNG cargoes over the medium term, the International Energy Agency said in its annual outlook.

Our Europe editor

Gaz Metro LNG, a unit of the largest natural gas company in the Canadian province of Quebec, has signed commercial agreements with UK National Grid's New England natural gas distribution companies in the US to deliver them supplies of LNG.

Crowley Maritime Corp.'s petroleum distribution group has been granted approval by the US Department of Energy and the National Energy Board of Canada to import Canadian-sourced LNG for supply, transportation and distribution throughout the Pacific Northwest and Alaska.

Our North America editor

New York State has vetoed the previously approved Port Ambrose LNG Deepwater Port offshore New York City and New Jersey, with the New York Governor saying he favoured wind projects instead.

Dutch natural gas company Gasunie, a shareholder in the Rotterdam Gate LNG terminal, has issued its latest survey showing supply and transit routes and its own markets overview indicating more Russian pipeline gas and LNG from various sources heading for Europe.

Our North America editor

Energy Transfer Equity, lead developer of the US Lake Charles LNG export project in Louisiana, said the venture would definitely go ahead and described it as one of the most attractive projects around for itself and both Royal Dutch Shell and BG Group.

Our Asia-Pacific editor

Japanese energy company and LNG project developer, Inpex Corp, has completed the laying of the longest subsea pipeline in the Southern Hemisphere in 16 months to bring feed-gas to the Ichthys liquefaction plant near the northern Australian port of Darwin.

Origin Energy, the upstream partner in the Australia Pacific LNG project with ConocoPhillips and China’s Sinopec, said the venture would produce LNG within a month and ship its first cargo shortly afterwards.

Our Europe editor

Golar LNG has signed a firm contract to provide a Floating Storage and Regasification Unit (FSRU) to support cargo imports by the West African nation of Ghana and backed by Nigeria.

French LNG player and utility Engie, which most recently signed a supply contract with the Sabine Pass US export plant, said nine-month revenues plunged more than 38 percent at its Global Gas and LNG division as Yemen deliveries were halted and Asian prices tumbled with oil.

Our North America editor

Hawaii Gas, with operations on six islands of the US state, is planning to award contracts within months under its plan to import liquefied natural gas, possibly using a floating import facility.

Our North America editor

US natural gas prices for next-day delivery at the Henry Hub hit their lowest point since April 2012 at $1.92 per million British thermal units, though the projected US LNG price for delivered cargoes to Asia, including shipping, was still over $9.00 per million British thermal units.

Cheniere Energy's US Sabine Pass LNG export plant is scheduled to ship its first cargo by the end of January 2016 and the Houston-based company's other liquefaction project at Corpus Christi in Texas is also making good progress.

Our Europe editor

Chevron Corp. has started natural gas and oil production from an offshore field that spans the national boundaries for the first time of two African nations, one of them a liquefied natural gas producer.

News Nudges

Vitol-Gazprom LNG deal

Swiss-based global commodities company Vitol has signed a multi-year LNG purchase agreement for the Russian player Gazprom Marketing and Trading (Singapore) to supply around 300,000 tonnes of LNG per annum from 2018. The supply will come from Gazprom’s diversified LNG portfolio. “We are delighted to be working with Gazprom Marketing and Trading, a subsidiary of Gazprom, the world’s largest producer of natural gas,” said Pablo Galante Escobar, Head of LNG at Vitol. “Vitol is an established participant in LNG markets globally and this development will strengthen our offering to customers worldwide,” he added.


Spanish firm is on track

Gas Natural Fenosa of Spain, one of Europe’s main LNG players with a supply agreement at Sabine Pass in the US, has held its annual shareholder meeting in Barcelona. Chief Executive Rafael Villaseca highlighted the company’s business performance, which was above the average for comparable companies in Europe. Villaseca said that GNF last year obtained 75 percent of its gross earnings from the regulated activities of gas and electricity distribution and the remaining 25 percent from liberalized power generation and natural gas marketing activities.


ABS starts in Houston HQ

The American Bureau of Shipping, one of the leaders of the development of the LNG industry in the US, has broken ground on its new global headquarters in Houston, Texas, comprising a 10-storey building and 326,800 square feet of office space. Completion of the ABS HQ, is scheduled for the end of 2018.