This week

LNG oil-linked price is set on
steady path through rest of year

Asia-Pacific LNG prices are stable and not at such a low level as they were at the start of the year. The long-term contracted price for the fuel linked to oil in Northeast Asia has recently been at a premium of around $2.80 per million British thermal units versus spot prices as crude demand has increased.

Latest News
Samsung Heavy Industries, one of the three major global shipyards based in South Korea, has showcased to around 20 shipping companies its own liquefied natural gas regasification system…
US liquefied natural gas exports increased over the past week to six cargoes shipped from the Cheniere Energy Sabine Pass export plant in Louisiana with a combined LNG capacity…
BP of the UK, a leading global LNG market participant and North America’s largest natural gas supplier, is now delivering 200,000 million British thermal units per day…
Australian exploration and production company Sacgasco has seen its shares rise by as much as 80 percent since it issued a report on a gas project in…
Fluxys, the Belgian natural gas network operator, posted an increase in turnover due to the start of contracts for gas transmission between the French Channel port of…
Qatargas is set to become the key liquefied natural gas supplier to Turkey after Algeria under a medium-term sales and purchase agreement signed with Botas Petroleum Pipeline…
Angola LNG, the southwest African exporter, has signed its third international sales agreement of September with Anglo-Swiss multinational commodities and mining company Glencore after concluding previous deals…
Indian LNG imports for August declined by 2.9 percent, reversing a rise the previous month as volume costs continued to increase and the nation diversified its suppliers…
Japanese liquefied natural gas imports dropped 6 percent last month as cargo costs continued to rise and shipments from Australia and the spot market were favoured over…
German energy company and utility Uniper has signed a capacity swap agreement with Pavilion Energy of Singapore for access to its Far East LNG import facility in exchange for access…
Nordic LNG supplier Skangas has taken a big step in helping develop the Baltic and North Sea clean maritime fuel market by using its new LNG bunkering…

LNG for Spain and France

Sept 22 (LNGJ) - The 141,000 cubic metres capacity carrier “LNG Cross River” is scheduled to unload a shipment on September 23 at the Huelva terminal in southwest Spain from the Bonny Island plant in Nigeria, according to shipping data. The 155,000 cubic metres capacity vessel “Gaslog Saratoga” is scheduled to deliver a cargo on September 25 to the French Montoir-de-Bretagne terminal near the Loire river estuary on the Atlantic coast from Ras Laffan in Qatar.

Golar names Ross CEO

Sept 21 (LNGJ) - Golar LNG Ltd said it had replaced Chief Executive Oscar Spieler with a new CEO, named as Iain Ross, formerly with Australian engineering company WorleyParsons. Golar said Spieler’s “main remit” on becoming CEO had always been the delivery of the Cameroon floating LNG project vessel to be deployed offshore the West African nation and this has now been done.  “Having substantially executed his responsibility to deliver the FLNG ‘Hilli Episeyo’, Oscar will nevertheless remain with the group and fulfil the role of Executive Advisor,” said Golar. “With 34 years of broad industry and geographic experience and a focus on sustainable growth of businesses, Iain brings to Golar a strong leadership skill set,” the company added.

LNG cargo deliveries

Sept 21 (LNGJ) - The 75,000 cubic metres capacity vessel “Cheikh El Mokrani” is unloading a cargo on September 21 at the Revithoussa import terminal in Greece from the Skikda export plant in Algeria, operated by Sonatrach., according to shipping data. The 162,000 cubic metres capacity carrier “Esshu Maru” is scheduled to deliver a shipment on September 28 to India’s Dahej import terminal, owned by Petronet, from the Arzew export plant in Algeria. The 217,000 cubic metres capacity Q-Flex carrier “Al Hamla” is scheduled to deliver a shipment on October 3 to the Japanese Kawagoe import terminal, owned by Chubu Electric, from the Ras Laffan plant in Qatar. The 135,360 cubic metres capacity “Al Wakrah” will unload a Qatari cargo on October 4 at Japan’s Niigata terminal, operated by Tohoku Electric.

UK shale-gas progress

Sept 20 (LNGJ) - IGas Energy of the UK, one of the leading shale-gas and hydrocarbon companies for onshore Britain, posted first-half earnings of £8 million ($10.8M) compared with a loss of £25M in the same six-month period of 2016. “Momentum in UK shale activity continues to increase with Cuadrilla now drilling its first well at Preston New Road, Third Energy expecting to start hydraulic fracturing at its KM8 well in North Yorkshire in the next few months and Ineos having submitted further applications for shale appraisal,” said Stephen Bowler, IGas Chief Executive. “We will shortly commence site construction at our two sites in North Nottinghamshire,” added Bowler. “In the North West, we have applied to conduct further tests on our site at Ellesmere Port and we are developing applications for appraisal and flow testing in both the North West and the East Midlands,” he said.

LNG boil-off advance

Sept 20 (LNGJ) - GTT, the French maritime LNG storage technology company, said it recently received general approval from the American Bureau of Shipping, the US classification society, for its newest version of the Mark III Flex tank with a lower boil-off rate of gas. “This latest variant of the sea-proven Mark III Flex technology benefits from an improved insulation performance through an increase in thickness and an enhanced secondary membrane solution,” said GTT.  The company said the new tank has a daily boil-off rate of 0.07 percent volume per day compared with 0.085 percent volume per day for the previous version.

UK cargo due on Sept 24

Sept 19 (LNGJ) - The 210,100 cubic metres capacity Q-Flex carrier “Al Sheehaniya” will deliver a shipment on September 24 to the UK Milford Haven import terminal in Wales from the Ras Laffan plant in Qatar, according to shipping data. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $6.45 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $6.00 per MMBtu.

US LNG cargo activity

Sept 19 (LNG) - The 173,400 cubic metres capacity vessel “Ribera Ddel Duero Knutsen” is scheduled to deliver a shipment on October 5 to the Dutch Gate import terminal in Rotterdam from the US Sabine Pass plant in Louisiana, operated by Cheniere Energy. The carrier lifted the cargo on September 14, according to shipping data. The 159,924 cubic metres capacity carrier “Energy Atlantic” is scheduled to arrive at the US Sabine Pass plant on October 7 to lift a cargo after previously delivering a shipment to Argentina.

Cheniere debt placed

Sept 19 (LNGJ) - Cheniere Energy, owner of the US Sabine Pass LNG export plant, completed its latest fund-raising exercise in a transaction with several of its pipeline and investment affiliates. The Houston-based company said it entered into a purchase agreement with Swiss investment bank Credit Suisse Securities for $1.5 billion of senior debt Notes with principal if 5.25 percent and due in 20205. “On September 18, 2017, the partnership closed the sale of the notes pursuant to the purchase agreement. The Notes were sold on a private placement basis,” said Cheniere.

Belgium and Spain cargoes

Sept 18 (LNG) - The 210,000 Q-Flex vessel “Al Oraiq” is scheduled to unload a cargo on September 23 at the Zeebrugge import terminal in Belgium from the Qatari export plant at Ras Laffan, according to shipping data. The 155,000 cubic metres capacity vessel “British Diamond”, operated by BP Shipping, is scheduled to deliver a cargo on September 24 to the Barcelona import terminal in northeast Spain from the Trinidad export plant at Point Fortin in the Caribbean.

Croatian gas supply deal

Sept 18 (LNG) - Croatia, the Balkan and European Union-member currently developing its first LNG import terminal at an island in the Adriatic, has just signed a new pipeline import contract with Russian natural gas company Gazprom. “Gazprom Export and the Croatia have signed a long-term contract on natural gas supplies for the period from 1 October 2017 to 31 December 2027,” said Gazprom. “The annual supply volume within the contract amounts to 1 billion cubic metres with 0.25 Bcm is to be delivered in the fourth quarter of 2017,” it added. The Croatians said they were “exceptionally satisfied” with signing this contract with Gazprom. “Our cooperation with strong reliable partner provides the Croatian market with secure and reliable gas supply,” said Pavao Vujnovac, President of the gas supply company Croatia Prvo Plinarsko Drustvo.

Belgian gas trade rise

Sep 15 (LNGJ) - Fluxys, the Belgian natural gas transmission and hub operator whose assets include the Zeebrugge LNG import terminal, said liquidity and market depth at the Zeebrugge Trading Point (ZTP) for gas continues to rise. Fluxys added that the pan-European gas trading platform PEGAS, owned by the European Energy Exchange group, has launched a ZTP monthly price index. “The monthly index offers end users and grid users in Belgium an attractive alternative for currently used price references in gas supply contracts,” said Fluxys. “Traded volumes nominated on ZTP rose 54 percent in the first eight months of 2017,” it added. “ZTP also saw a rise in so-called market maker agreements in which hub customers commit to a minimum number of transactions” said Fluxys.

Korea and Mexico cargoes

Sept 14 (LNGJ) - The 138,200 cubic metres capacity vessel “Hanjin Muscat” will deliver a cargo on September 27 to the Pyeongtaek import terminal, operated by Korea Gas Corp, from the Oman plant on the Arabian Peninsula. The 141,000 cubic metres capacity “LNG Adamawa” will unload a shipment on September 28 at the Mexican Altamira import terminal on the Gulf of Mexico coast from the Nigerian LNG plant on Bonny Island. The 145,700 cubic metres capacity carrier “Tangguh Jaya” carrier is scheduled to deliver a cargo on October 5 to the Costa Azul terminal, owned by US utility Sempra Energy, and located on the Pacific Coast of Mexico, near the town of Ensenada. The shipment was lifted on September 9 from the Tangguh plant on Bintuni Bay, in the province of West Papua, Indonesia.

LNG for Europe and China

Sept 13 (LNGJ) - The 75,000 cubic metres capacity vessel “Berge Arzew” will unload a shipment on September 18 at the Turkish Aliaga import facility near the port of Izmir from Algerian plant operator Sonatrach, according to shipping data. The 147,200 cubic metres capacity carrier “Arctic Lady” will unload a cargo on September 19 at the Dunkirk LNG plant at the French Channel port from the Hammerfest plant in Norway, operated by Statoil. The 174,100 cubic metres capacity vessel “Cesi Gladstone” will deliver a cargo on September 22 at the Chinese Qingdao import facility in Shandong province, owned by Sinopec, from the Australia Pacific plant in Queensland.

Cheniere to raise $1.5Bln

Sept 13 (LNGJ) - Cheniere Energy, operator of the Sabine Pass export plant in Louisiana and the developer of more liquefaction Trains, has increased its offering of Senior Notes, a first-call form of debt security, from $1 billion to $1.5Bln. The notes will bear interest at a rate of 5.25 percent per annum and will mature in October 2025. The closing of the debt offering is expected on September 18. Cheniere said it intended to use the net proceeds to pay down a portion of some of its outstanding term loans.

Texas waterway upgrade

Sept 12 (LNGJ) - The Corpus Christi Ship Channel on the Texas Gulf Coast, which could become an important LNG shipping destination for the second wave of US exports, is planning a $327 million upgrade. The project will be run by the Port of Corpus Christi Authority Commission and the US Army Corps of Engineers and will involve the deepening and widening of the Channel. The project plans to widen the Channel to 530 feet, with additional barge shelves, to allow for two-way vessel and barge traffic. The Channel will also be deepened to 54 feet (Mean Lower Low Water) to allow for the safe passage of deep-draft vessels.

Exmar posts LNG losses

Sept 11 (LNGJ) - Exmar, the Belgian shipping company and project developer whose fleet includes 16 LNG vessels, posted a first-half loss of $20.4 million for its LNG division compared with positive earnings of $24.7M in the same six months of 2016. “The operating result has been negatively impacted by a non-cash impairment of $22.5 million on the ‘Excel’ as well as costs related to the late delivery of the ‘Caribbean FLNG’ hull,” said the company whose Chief Executive is Nicolas Saverys. Exmar said the “Caribbean FLNG” hull was delivered on 27 July 2017 and was currently in lay-up at the Wison shipyard in Nantong, China, where it was built. “Exmar is still in dialogue with multiple entities for the commercial engagement of CFLNG but no revenues are expected for the unit before the second half of 2018,” the company stated.

Q-Max LNG for UK Sept 18

Sept 11 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Rasheeda” will deliver a shipment on September 18 to the UK Milford Haven import terminal in Wales from the Ras Laffan plant in Qatar, according to shipping data. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was at the equivalent of $6.05 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $5.90 per MMBtu.

Norway gas landmark

Sept 8 (LNGJ) - Norway is celebrating its 40th anniversary as a natural gas exporter to Europe. The opening of the Norpipe pipeline on 8 September 1977 marked the start of Norwegian gas deliveries to European countries. The event was celebrated by Norwegian pipeline operator Gassco at an event in Emden in Germany. Gassco’s gas infrastructure and pipelines cover 8,800 kilometres and include process plants in Norway and terminals in Germany, Belgium, France and the UK. The 40-year-old Norpipe is a 440-kilometre gas pipeline that runs from the Ekofisk field in the Norwegian North Sea to Gassco’s terminal at Emden. “Norway has played an important role over 40 years in securing energy for Europe, and Norwegian gas will remain a key component in the European energy mix,” said Gassco Chief Executive Frode Leversund.

LNG debt in demand

Sept 8 (LNG) - Gladstone LNG plant operator Santos carried out a US$800 million senior unsecured fixed-rate bond transaction. “The book was six times oversubscribed and received strong support from a mix of global asset managers and insurance companies from Asia, Australia and Europe,” said Santos. The bonds were priced at a fixed coupon of 4.125 percent for a period of 10 years, maturing on 14 September 2027.  “The use of proceeds from the bonds will include general corporate purposes and debt refinancing,” it added. The bonds will replace the existing Euro-hybrid notes with “more efficient” long-term debt funding. Santos said it remained focused on debt reduction and was on track to achieve a target of US$2 billion in net debt by the end of 2019.  Joint lead managers of the transaction were Citigroup and Deutsche Bank.

Rio Grande LNG recruit

Sept 7 (LNGJ) - NextDecade Corp., the company behind the Rio Grande LNG export project in South Texas, has appointed former banker Patrick Hughes as Vice President for Corporate Strategy with responsibility for areas such as planning and joint ventures. In addition, Hughes will oversee Investor Relations for NextDecade. “We are delighted to have Patrick join our management team and believe he will make significant contributions to the advancement of our projects, including Rio Grande LNG,” said NextDecade Chairman and Chief Executive Kathleen Eisbrenner. Hughes was previously a partner in the investment banking and advisory group at Height Securities, a Washington, DC-based brokerage.

Cove Point LNG progress

Sept 6 (LNGJ) - Dominion Energy, developer of the US Cove Point export plant on Chesapeake Bay in Maryland, is making progress with the commissioning process to support first production of LNG in the fourth quarter of 2017. Dominion has been granted permission by the Federal Energy Regulatory Commission to introduce feed gas and perform related commissioning activities in the pre-treatment and liquefaction areas of the plant and for equipment related to ship loading. Once completed, the single-Train facility will produce a nameplate 5.25 million tonnes per annum of LNG and export to nations such as India and Japan.

LNG for India and Korea

Sept 6 (LNGJ) - The 177,000 cubic metres capacity vessel “Gigira Laitebo” will deliver a shipment on September 10 to the Gwangyang import terminal in South Korea, owned by steel company POSCO, from the export plant in Papua New Guinea. The 148,300 cubic metres capacity “LNG Imo” is scheduled to deliver a cargo on September 22 to the Indian Hazira import terminal, operated by Shell India, from the Bonny Island plant in Nigeria. The 148,470 cubic metres capacity vessel “LNG Kano” is scheduled to unload a shipment from Nigeria LNG on September 26 at the Indian Dahej terminal, north of Mumbai, owned by Petronet.

Cargoes for Egypt and Italy

Sept 5 (LNGJ) - The 174,000 cubic metres capacity “Gaslog Gibraltar” is unloading a cargo on September 5 at the Egyptian Ain Sokhna import facilities in the Gulf of Suez, according to shipping data. The 155,000 cubic metres capacity carrier “British Emerald”, operated by BP Shipping, will deliver a cargo on September 6 to the Livorno FSRU offshore the west coast of Italy from the Hammerfest plant in northern Norway. The 151,700 cubic metres capacity vessel “Al Marrouna” will deliver a cargo on September 9 to Italy at the Adriatic offshore facility from Ras Laffan in Qatar. The 140,000 cubic metres capacity carrier “Arctic Discoverer” will deliver a cargo on September 9 to the Swinoujscie import terminal on the Baltic coast of Poland from the Norwegian Hammerfest plant operated by Statoil.

LNG carrier movements

Sept 4 (LNGJ) - The 136,000 cubic metres capacity carrier “Raahi” is scheduled to arrive with a shipment on September 5 for India’s Dahej terminal, operated by Petronet, from Ras Laffan in Qatar, according to shipping data. The 173,400 cubic metres capacity vessel “Oak Spirit”, operated by Teekay LNG, is anchored off the US Sabine Pas export plant waiting to lift a cargo after previously delivering a shipment to the Altamira terminal in Mexico. The 145,000 cubic metres capacity “Methane Lydon Volney”, operated by Shell, has lifted a cargo from the Pampa Melchorita plant in Peru and was awaiting delivery instructions. The “Gaslog Sydney” has lifted a cargo from the Shell-owned Queensland Curtis plant in the eastern Australian port of Gladstone and will deliver its shipment on September 18 to the Chinese Ningbo terminal in Zheijang province, owned by China National Offshore Oil Corp.

US shale-gas pipeline

Sept 1 (LNGJ) - Energy Transfer Partners, one of the largest US pipeline companies and a stakeholder in the Lake Charles LNG export project with Shell, said the Federal Energy Regulatory Commission approved its request to put Phase 1A of its Rover Pipeline into service. The 212-mile pipeline section is in the state of Ohio and runs from the towns of Cadiz to Defiance, Ohio. The 713-mile pipeline when completed will transport up to 3.25 billion cubic feet of natural gas per day from the Marcellus and Utica Shale production areas to markets across the US as well as into Union Gas Dawn Storage Hub in Ontario, Canada.

Awilco LNG optimism

Aug 31 (LNG) - Awilco LNG, the Norwegian owner of two 2013-built LNG carriers with 156,000 cubic metres of capacity, narrowed its net losses in the second-quarter to $10.1 million from $10.4M in the first three months of the year. Net freight income from its two ships, the “Wilforce” and the “WilPride”, amounted to $1M versus $800,000 in the previous quarter. “Mid-term and long-term demand for LNG transportation remains strong,” said Awilco. “We are at the start of the biggest increase of LNG volumes in history,” it added. “Awilco is fully financed to 2020 and is ideally positioned for taking advantage of an improving market,” the company stated.

LNG ship movements

Aug 31 (LNGJ) - The 160,000 cubic metres capacity vessel “Cool Runner” is unloading a cargo on August 31 at the Brazilian import facility at Salvador in the northeast state of Bahia from the Point Fortin plant in Trinidad, according to shipping data. The 147,000 cubic metres capacity vessel “Dapeng Moon” will deliver a shipment on September 3 to the Chinese Shenzhen Diefu import facility, owned by China National Offshore Oil Corp., from the Woodside Petroleum export plant at Dampier in Western Australia. The 174,000 cubic metres capacity “Gaslog Greece” will unload a cargo on September 4 at the Zhuhai import terminal in China’s southeast Guangdong province from the Queensland Curtis export plant in Australia, owned by Royal Dutch Shell. The 160,400 cubic metres capacity carrier “Cubal” is scheduled to deliver a cargo on September 20 to Kuwait’s Mina Al-Ahmadi import facility from the Soya export plant of Angola LNG in southwest Africa.

Australian gas swap

Aug 30 (LNGJ) - Gladstone LNG plant operator Santos said it signed a location swap agreement facilitating the delivery of volumes of natural gas per annum into the southern Australian domestic market in return for gas in the eastern market where it runs the liquefaction plant. Under the three-year agreement, with an option to extend for a further year, Santos will take delivery of gas at Wallumbilla in Queensland and will then provide an equivalent quantity of gas at delivery points in the southern domestic market. “This transaction demonstrates the ability for industry to efficiently work together and support the Federal Government in bringing more supply into the domestic market and help mitigate gas supply concerns,” said Santos Chief Executive Kevin Gallagher.

Framo order from FSRU

Aug 29 (LNGJ) - Framo, the leading manufacturer of submerged pumping systems for the tanker shipping and offshore industry and based in the Norwegian port of Bergen, won a contract for equipment for an LNG newbuild. Framo will supply sea water lift pumps for a floating storage and regasification unit (FSRU) ordered by fleet owner GasLog from Samsung Heavy Industries of South Korea. The order was placed shortly after Framo signed a supply agreement for similar pump systems for an FSRUs under construction at the same Korean yard for Norwegian shipowner Hoegh LNG. “This represents acknowledgement of our ultra-compact pump concept that is now gaining a solid position on the FSRU market,” said Thorbjorn Vagenes, Director Oil and Gas pumping systems at Framo. “In comparison with conventional pump systems, Framo's pumps provide significant savings on space and eliminate the need for a separate pump room onboard the ship,” the company added.

TechnipFMC contract

Aug 29 (LNGJ) - TechnipFMC, the LNG and energy engineering company, was awarded an engineering, procurement, construction and installation (EPCI) contract from Husky Energy for the West White Rose Project offshore Eastern Canada. One feature of this venture is that the Northern Drill Centre (NDC) is used as an injection site for gas that is being stored for future use. The White Rose field and satellite extensions are located in the Jeanne d’Arc Basin, 350 kilometres east of Newfoundland and Labrador in approximately 120 metres of water. The TechnipFMC contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control umbilicals, which will connect the West White Rose Platform to the existing “SeaRose” floating production storage and offloading vessel.

Lithuania and Korea cargoes

Aug 29 (LNGJ) - The 147,200 cubic metres capacity “Arctic Princess” will unload a cargo on August 30 at the floating import facility in the Lithuanian Baltic port of Klaipeda from the Hammerfest plant in Northern Norway, operated by Statoil, according to shipping data. The 266,000 cubic metres capacity Q-Max vessel “Al Dafna” is scheduled to unload a shipment  on August 30 at the South Korean Pyeongtaek import terminal, operated by Korea Gas Corp., from the Ras Laffan plant in Qatar. The 217,000 cubic metres capacity Q-Flex ship “Al Kharsaah” will deliver a Qatargas cargo on September 17 to the South Korean Incheon terminal.

China and Japan deliveries

Aug 28 (LNGJ) - The 145,000 cubic metres capacity carrier “Pacific Enlighten” is expected to arrive on August 29 at the Japanese Oita import facility, owned by Kyushu Electric, to unload a cargo from the Dampier export terminal in Western Australia, operated by Woodside, according to shipping data. The 160,500 cubic metres capacity vessel “Sonangol Benguela” will deliver a cargo on September 1 to the Hainan import terminal in China, operated by China National Offshore Oil Corp., from the Angola LNG export plant at Soyo in southwest Africa. The 135,000 cubic metres capacity carrier “Hyundai Oceanpia” is scheduled to arrive on September 12 at the US Sabine Pass export plant in Louisiana to lift a cargo for South Korea.

LNG shipping activity

Aug 25 (LNGJ) - The French-flagged, 153,500 cubic metres capacity ship “Provalys” is unloading a cargo on August 25 at the Mejillones import facility in Chile. The shipment was lifted on July 28 from the US export plant at Sabine Pass, owned by Cheniere Energy. The 136,000 cubic metres capacity carrier “Raahi” will deliver a shipment on August 27 to the Indian Dahej import terminal owned by Petronet, from Ras Laffan in Qatar. The 137,230 cubic metres capacity vessel “LNG Rivers” is scheduled to arrive on August 28 at the Altamira import terminal on Mexico’s Gulf coast with a shipment from the Bonny Island plant in Nigeria.

Texas oil and gas boost

Aug 24 (LNGJ) – The Texas Alliance of Energy Producers said natural gas prices in July averaged $2.84 per thousand feet, increasing the value of Texas-produced gas by 2.3 percent to nearly $1.9 billion. Sizeable year-on-year improvements in the rig count, drilling permits and the value of Texas-produced crude oil and natural gas combined to push the Texas Petro Index up in July to 176.9, the eighth straight monthly increase. However, it is in oil where Texas and the US are excelling. “OPEC production curtailments did not achieve the desired price outcome,” said spokesman Karr Ingham. “Oil supplies remain plentiful because domestic producers are becoming increasingly efficient at producing crude oil at lower costs, so a $45 per barrel (US) oil market provides more incentive than in the past,” added Ingham, referring to the West Texas Intermediate (WTI) US benchmark oil price.

LNG shipping movements

Aug 24 (LNGJ) - The 145,700 cubic metres capacity carrier “LNG Benue” will deliver a cargo on August 26 to the Sines import terminal in Portugal from the Bonny Island export plant in Nigeria, according to shipping data. The 177,000 cubic metres capacity vessel “Energy Horizon” will deliver a shipment on August 28 to the Japanese Higashi-Ohgishima import terminal owned by Tokyo Electric Power from the Dampier export complex in Western Australia, operated by Woodside Petroleum. The 159,900 cubic metres capacity carrier “Energy Atlantic” will deliver a cargo on September 14 to the Escobar import facility in Argentina, located on the Parana River north of Buenos Aires, from Ras Laffan in Qatar.

Lloyd's registers Prelude

Aug 23 (LNGJ) - Royal Dutch Shell’s floating liquefied natural gas (FLNG) hull “Prelude”, now deployed in the Browse Basin offshore northwest Australia, has officially entered into Lloyd's Register (LR) class. Lloyd's Register said that at 488 metres long, 74 metres wide and displacing about 600,000 tonnes of water, “Prelude” is the largest floating offshore facility in the world. “LR has been actively involved with the project from the start, helping to ensure it will operate safely by applying FLNG expertise through classification, equipment certification, validation and verification against performance standards,” said the UK-based classification society.

Senegal FLNG progress

Aug 23 (LNGJ) - Kosmos Energy, the US shareholder in the Senegal and Mauritania floating LNG projects with BP, said it completed the drill stem test of the Tortue-1 well, demonstrating that the Tortue field is a “world-class resource” and confirming key development parameters, including well deliverability, reservoir connectivity and fluid composition. “The combination of high well rates, large connected volume per well together with a gas well-suited for liquefaction is why we believe Tortue is one of the lowest cost greenfield LNG projects,” said Kosmos Chief Executive Andrew Inglis. “The Kosmos-BP partnership remains aligned on delivering a final investment decision for the project in 2018 and first gas in 2021,” he added.

LNG for Belgium-Taiwan

Aug 23 (LNGJ) - The 216,000 cubic metres capacity Q-Flex carrier “Al Thumama” will deliver a cargo on August 31 to the Zeebrugge import terminal in Belgium from Qatargas in the Gulf port of Ras Laffan, according to shipping data. The 145,000 cubic metres capacity vessel “Al Deebel” will deliver a cargo on September 1 to the Tai-Chung import terminal in Taiwan from Ras Laffan in Qatar.

Florida LNG bunkering

Aug 22 (LNGJ) - Jax LNG, the port bunkering project in Jacksonville in Florida, has received a Letter of Acceptance (LOA) for the facility from the United States Coast Guard and approval to conduct ship-to-ship LNG fuel operations with the LNG barge “Clean Jacksonville”. The expectation is that ship-to-ship LNG bunkering will start in early 2018. Jax LNG already supplies fuel for the LNG-fueled container ships of US shipping line TOTE Maritime. The fuel is supplied by Pivotal LNG who along with Southern Company Gas operates a network of LNG production facilities with the capacity to produce over 554,000 gallons per day and the ability to store more than 96 million gallons.

Deliveries for Chinese

Aug 22 (LNGJ) - The 145,000 cubic metres capacity “Celestine River” is expected to unload a Nigerian cargo on September 4 at the Chinese Zhuhai terminal, owned by China National Offshore Oil Corp. and located on the west side of the Pearl River delta in the southern province of Guangdong, according to shipping data. The 216,200 cubic metres capacity Q-Flex vessel “Al Gattara” is scheduled to unload a shipment on September 7 at the Dalian terminal, operated by PetroChina in the northeast province of Liaoning province from the Ras Laffan plant in Qatar.

GasLog names new COO

Aug 21 (LNGJ) - GasLog, the Monaco-based LNG carrier fleet operator, has named Richard Sadler as Chief Operating Officer in succession to Graham Westgarth who is retiring. Sadler’s career so far has seen him serve as Chief Executive of Lloyd's Register Group from 2007 to 2015. Prior to his time as CEO of Lloyd's Register, Sadler also worked in banking. He previously held a number of positions at Lloyd's Register including in Kuwait, Bahrain and Japan. While in Japan he oversaw the construction of LNG newbuilds for the Australian North West Shelf project and was the Lloyd's Register liaison for the Shell LNG vessels operating from Brunei. Earlier in his career, Sadler was an Engineering Officer in the Royal Navy.

Sempra buys Texas utility

Aug 21 (LNG) - Sempra Energy, the California-based utility and developer of the Cameron LNG export plant in Louisiana, has signed an agreement to acquire Energy Future Holdings Corp., the indirect owner of 80 percent of Oncor Electric Delivery Company (Oncor), operator of the largest electric transmission system in Texas. Sempra said it would pay around $9.45 billion in cash to acquire Energy Future and its ownership in Oncor, while taking a major step forward in resolving Energy Future's long-running bankruptcy case. “It is important for Oncor to remain financially strong,” said Debra L. Reed, Chairman, President and Chief Executive of Sempra. “Our proposal will help bring a satisfactory resolution to Energy Future's bankruptcy case, keep Oncor financially strong, and protect Oncor customers, while addressing the needs of Texas regulators,” added Reed.

LNG for France-Holland

Aug 21 (LNGJ) - The 217,000 cubic metres capacity Q-Flex vessel “Al Huwaila” will unload a cargo on August 26 at the Dutch Gate terminal in Rotterdam from Ras Laffan in Qatar, according to shipping data. The 141,000 cubic metres capacity carrier “LNG Cross River” is scheduled to deliver a shipment on August 25 to the French import terminal at Montoir-de-Bretagne in the Loire estuary from the Bonny Island plant in Nigeria. The 147,200 cubic metres capacity “Arctic Lady” will deliver a cargo on August 28 to France’s Fos Cavaou terminal near the Mediterranean port of Marseilles from the Hammerfest plant in Norway, operated by Statoil.

LNG for UK on Aug 3

July 28 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Khuwair” will deliver a shipment on August 3 to the UK Milford Haven import terminal in Wales from the Ras Laffan plant in Qatar, according to shipping data. The delivery was fixed as the UK National Balancing Point benchmark natural gas price was at the equivalent of $5.00 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at around $5.15 per MMBtu.

Eni earnings progress

July 28 (LNGJ) - Italian energy company Eni posted adjusted overall second-quarter net profit of 463 million euros ($541M) compared with a loss of 317 euros in the same quarter of last year. Eni said one of its quarterly highlights was the signed of construction contracts for the Coral floating LNG project in Area 4 offshore Mozambique. Eni worldwide natural gas sales in the three months were down at 18.63 billion cubic metres compared with 20.48 Bcm in the year-ago quarter. “Sales in the European markets (7.34 Bcm) decreased by 23.2 percent, reflecting lower sales in Germany, Benelux and France, partly balanced by higher volumes sold in Turkey and in the UK,” said Eni.

Egyptian gas contract

July 28 (LNGJ) - Italian energy engineering company Saipem, a specialist in the subsea sector and offshore field development, has finalized an agreement for the “optimised ramp-up” phase of the giant Zohr gas field in Egyptian waters of the East Mediterranean. The contract is with Petrobel, a subsidiary in Egypt of Italian energy company Eni, the licence holder, and Egyptian General Petroleum Corp.  Saipem said that to meet the contract requirements it will deploy several vessels from its specialised fleet, including the “Castorone”, a deep water pipe-layer, and the “Saipem 3000”, a subsea construction vessel.  “We are pleased that our activities in the development of the Zohr field are in line with the challenging schedule set by the client,” said Stefano Cao, Saipem Chief Executive.

Statoil back on track

July 27 (LNG) - Norwegian energy company Statoil, whose assets include the only export-sized LNG plant in Europe at Hammerfest, reported adjusted second-quarter earnings of US$3.0 billion and adjusted earnings after tax of $1.3Bln compared with a $28 million loss in the same three months of 2016. “Our solid financial results and strong cash flow are driven by good operational performance with high production efficiency and continued cost improvements,” said Chief Executive Eldar Saetre. “At oil prices around $50 per barrel, we have generated $4Bln in free cash flow and reduced our net debt ratio by 8.1 percentage points since the start of the year. We expect to deliver around 5 percent production growth this year, and at the same time realise an additional $1Bln in efficiencies,” added Saetre.

Italian gas upgrade loan

July 27 (LNGJ) - Snam, the owner of the Italian natural gas transmission system Snam Rete Gas as well as storage and an LNG terminal near Genoa, has signed a loan agreement with the European Investment Bank for 310 million euros ($364M) for the financing of projects aimed at developing the national gas system. The loan is over 20 years with interest at 1.5 percent. Snam also recently acquired from energy company Edison its Infrastrutture Trasporto Gas pipeline system, the third-largest in Italy, and its 7.3 percent stake in the Adriatic LNG terminal for 225M euros.

LNG for India and Korea

July 26 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Huwaila” is scheduled to deliver a cargo on July 29 to the Indian Hazira terminal near Mumbai, operated by Shell, from Qatargas in Ras Laffan, according to shipping data. The Hazira facility will receive a second shipment on August 7 delivered by the 160,400 cubic metres capacity carrier “Cubal” from the Soyo export plant in the southwest African nation of Angola.  The 216,200 cubic metres capacity vessel “Al Sahla” will unload a Qatari shipment on July 31 at the Pyeongtaek import terminal in South Korea, operated by Korea Gas Corp.

Europe LNG deliveries

July 25 (LNGJ) - The 141,000 cubic metres capacity carrier “LNG Cross River” is scheduled to deliver a cargo to the Montoir-de-Bretagne terminal in Western France on July 28 from the Bonny Island plant in Nigeria, according to shipping data. The 154,900 cubic metres capacity vessel “Trinity Arrow” will unload a Nigerian cargo on August 1 at the Klaipeda terminal in the Baltic state of Lithuania.