The conflict between Russia and Ukraine is a reminder of the value of diversified energy markets and has made energy security a priority, particularly for Europe where more LNG plans are emerging along with alternative arrangements for pipeline gas supplies to replace Gazprom.
Russia’s LNG economy has taken several hurdles since the Ukraine invasion but the going is likely to get tougher, our Markets Editor Alexander Wilk writes.
The lucrative practice of Chinese players to resell US cargoes to Europe – and then restock with discounted Russian gas – has come to an abrupt end. For months, Sinopec, CNOOC and PetroChina were cashing in on double-digit price premiums of the Dutch TTF benchmark for gas in Europe over the JKM benchmark for LNG delivered to Asia; but a small supply deficit now prompted the government in Beijing to ban cargo resales and shore up supplies for the winter; our Markets Editor Anja Karl has more.
Our preliminary October data highlights continued export growth whilst also pointing to a strengthening demand vortex in Europe drawing supplies away from the Pacific, our Markets Editor Alexander Wilk reports.
The vast majority of LNG charters are concluded on one form - ‘ShellLNGTime1 & 2’. Its success is attributable to familiarity, comprehensiveness and (relative) even handedness. Maritime law specialist, Hill Dickinson, explains.
Survitec’s Maritime Protection brand has seen a significant increase in orders for inert gas (IG) systems. Technical Editor Ian Cochran reports.
WinGD’s latest X72DF-2.1 engines will power 25 LNGCs earmarked for QatarEnergy’s North Field East (NFE) project, the biggest LNGC newbuilding programme thus far.
Dec 2 (LNGJ) - Russian natural gas company Gazprom's pipeline natural gas exports to regions such as the European Union tumbled by 44.5 percent, or by 76.3 billion cubic metres, to 95.2 Bcm in the first 11 months of 2022.
The average daily export by Gazprom also dropped in November alone by 3.9 percent from the previous month of October. Gazprom added that its overall gas production had declined by 19.4 percent year-on-year to 376.9Bcm. Data showed that demand for Gazprom's gas from the gas transmission system in the domestic market of Russia decreased by 5.7 percent, or by 12.8 Bcm, over the 11 months.
Dec 1 (LNGJ) – Two LNG carriers are berthing at French and Dutch ports in the days ahead with US cargoes, according to shipping data. The 174,000 cubic metres capacity “Maran Gas Agamemnon” was scheduled to unload a shipment at the Gate LNG import terminal in Rotterdam from the Elba Island export plant near Savannah in Georgia.
The 180,000 cubic metres capacity “GasLog Wales” was then scheduled to discharge a cargo on December 2 at the LNG terminal in the Channel port of Dunkirk in France. The volumes were lifted from the Cameron plant in Louisiana.
Nov 30 (LNGJ) - The UK LNG import terminals at the port of Milford Haven, the South Hook facility and Dragon LNG, are scheduled to receive three LNG vessels in the first week of December. The “Flex Ranger” of 174,100 cubic metres capacity is scheduled to berth on December 3 after previously loading a shipment at the Cameron export plant in Louisiana.
Two days later the “Flex Vigilant” with the same capacity will bring a cargo from the Calcasieu Pass facility in Louisiana that was lifted on November 23. On December 7, the carrier “Sevilla Knutsen” with 173,400 cubic metres of capacity will unload a shipment at the UK Dragon LNG terminal in Milford Haven lifted on November 5 from the Pampa Melchorita plant on the Pacific Coast of Peru.
Nov 29 (LNGJ) - Santos, the Australian energy company with LNG interests in Australia and Papua New Guinea, has shut down the main natural gas trunkline from the John Brookes platform in the Carnarvon Basin offshore Western Australia to the Varanus Island gas processing facilities after a gas leak was discovered. Santos said a return to full production would take four to six weeks after repairs are carried out.
“The observation of the leak occurred during routine activities on the normally un-staffed facility. The platform and pipeline were immediately shutdown and depressurised and all personnel demobilised,” said Adelaide-based Santos. The company was working with customers and other parties to manage gas supply arrangements while the leak is repaired.
Nov 28 (LNGJ) - UK natural gas prices have steadily risen this month to above the level of last year’s elevated prices. As LNG demand remains at record levels in the UK and Continental Europe, the 177,000 cubic metres capacity vessel “LNG Sakura” is scheduled to discharge a cargo on November 30 at the UK South Hook import terminal at Milford Haven in Wales.
The vessel lifted the cargo on November 5 from the Sabine Pass plant in Louisiana, according to shipping data. The vessel's arrival coincides with a surge in UK wholesale natural gas prices for December to $34.85 million British thermal units compared with $31.65 per MMBtu exactly a year ago.
Nov 25 (LNGJ) - Mitsui OSK Lines President and Chief Executive Takeshi Hashimoto said that his shipping company planned to order up to four LNG-powered cruise liners to expand into that market, where it only has one ageing and conventionally-fuelled ship. “We will build two ships at first, and if things go well, we are thinking of expanding to four,” said Hashimoto.
MOL has an LNG carrier fleet and is a global leader in containerships through Ocean Network Express, owned jointly with Nippon Yusen Kaisha (NYK) Line and K-Line and has been enjoying healthy profits. “Our options have expanded greatly and cruise ships is a field that is growing in Japan and our rivals are luxury hotels and Japanese inns. We can also expect inbound demand from foreigners,” said the MOL CEO.
Nov 24 (LNGJ) - The 154,800 cubic metres capacity “BW Pavilion Leeara” is scheduled to discharge a cargo on November 24 at the National Grid-owned Isle of Grain import terminal on the Medway River in the county of Kent, southeast of London, after three days at anchor nearby. The vessel lifted a cargo on November 2 from the Corpus Christi plant in Texas, according to shipping data. The vessel's arrival coincided with a surge in natural gas prices in the UK and Continental Europe because of colder weather.
Nov 23 (LNGJ) - Japan and China remain the biggest buyers of LNG from Russia, whose two export plants are Sakhalin in the Russian Far East and the Yamal plant in Northern Siberia. Shipping data showed that between January and October 2022 Japan bought around 5.96 million tonnes of LNG from Russia, a fall of 10 percent from 2021, while China purchased 5.67MT, an increase of 24 percent from 2021.
After Japan and China, the other main buyers of Russian LNG cargoes through October 2022 have been France (4.75MT), Spain (3.24MT), Belgium (1.78MT) and the Netherlands (1.67MT). Only the UK has declined to purchase Russian LNG since March 2022 when the last cargo was discharged.
Nov 22 (LNGJ) - Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, said it had continued its track record of contributions to the state’s communities with a A$50 million (US$33M) commitment to the Resources Community Investment Initiative (RCII) announced by State Premier Mark McGowan.
Woodside Chief Executive Meg O’Neill said Woodside was pleased to join with the WA Government and other industry participants to establish the RCII, which will facilitate investment in infrastructure projects and community and social initiatives across the state. “For more than three decades we have built strong relationships in WA, underpinned by significant social investment and economic contribution aimed at creating a positive legacy for the communities where we live and work,” stated the CEO.
Nov 21 (LNGJ) - A US liquefied natural gas cargo is heading for the UK port of Milford Haven to arrive on November 28 at the South Hook terminal onboard the 174,000 cubic metres capacity vessel “GasLog Hong Kong”, according to port authorities. Data showed that the shipment was lifted on November 15 from the Sabine Pass export plant in Louisiana.
Nov 18 (LNGJ) - Shipyards in China and South Korea have seen orders in the past month for at least eight newbuild liquefied natural gas carriers and one floating storage and regasification unit (FSRU) as the global fleet expands to meet rising demand. The orders include two vessels of 175,000 cubic metres capacity under an order made by German ship management company Hammonia Reederei and to be delivered between 2025 and 2026 from China's Yangzijiang Shipbuilding.
Two other newbuilds were ordered by US plant developer Venture Global from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for a price of $500 million, according to shipyard data. The two ships are due for delivery at the end of 2026. The Chinese company Tianjin Southwest Maritime (TSM) has joined with the leasing entity of China State Shipbuilding Corp (CSSC) to order a further three 174,000 cubic metres capacity LNG vessels from China’s Hudong-Zhonghua Shipbuilding.
Nov 17 (LNGJ) - HAM Group of Spain, a European leader in LNG and compressed natural gas filling stations for trucks and cars, has acquired a 40 percent stake in Peruvian company Limagas Movilidad, a developer of service stations in Peru.
With this acquisition, HAM said it was reinforcing its presence in Peru, the only LNG producer and exporter in South America since Argentina ceased liquefaction activities. “HAM Group aims to become a force in the Latin American clean energy field, investing over the next few years in the development of the first Peruvian service stations for LNG for long-distance truck transportation and CNG for passenger cars and light vehicles,” said the company.
Nov 16 (LNGJ) – The 10 Australian LNG plants exported 7.13 million tonnes of LNG in October, or around 104 cargoes, down slightly from the 7.21MT lifted in September but at record prices, according to estimates by Adelaide-based consultants EnergyQuest.
The firm estimated that Australian LNG export revenues increased significantly in October to a new record of A$10.6 billion (US$7.2Bln), up from a previous record A$10.2Bln in September 2022 and up by 82 percent on October 2021. “Compared with September, Australian projects delivered three more cargoes to North Asia - China, South Korea and Japan in October. There were no cargoes delivered to Europe,” said EnergyQuest.
Nov 16 (LNGJ) - Another LNG cargo is heading for the UK port of Milford Haven this week on board the 173,400 cubic metres capacity “Flex Constellation”, according to the port authorities. The US shipment is scheduled to arrive on November 20 at the port’s South Hook terminal after being lifted on November 6 from the Cameron export plant in Louisiana.
Nov 15 (LNGJ) - TotalEnergies said that as a result of the maritime boundary agreement between Israel and Lebanon, the French major would start exploration activities with Italian partner Eni of an already identified prospect in Block 9 of the new pipeline gas and LNG area of the East Mediterranean. The Block 9 partners said they would initiate the exploration which might extend Block 9 into Israeli waters, south of the recently established Maritime Border Line.
The companies said preparations for exploration activities will start with the purchase of required equipment and the procurement of a drilling rig. “TotalEnergies, as the operator of Block 9, is proud to be associated with the peaceful definition of a maritime border between Israel and Lebanon,” said Patrick Pouyanné, Chairman and Chief Executive of TotalEnergies. “We will respond to the request of both countries to assess the materiality of hydrocarbon resources and production potential in this area,” explained Pouyanné.
Nov 14 (LNGJ) - The two UK LNG import terminals at the Port of Milford are scheduled to receive four cargoes this week, three from the US and one from Peru, according to shipping data. The 177,000 cubic metres capacity “Grace Dahlia” will deliver a cargo on November 17 from the Sabine Pass plant in Louisiana and on the same day the 170,200 cubic metres capacity vessel “Kool Boreas” will discharge a shipment at the Dragon import facility at the Welsh port lifted on October 12 from the Pampa Melchorita plant on the Pacific Coast of Mexico.
The 177,000 cubic metres capacity “LNG Bonny II” is then scheduled to deliver a US cargo to the Dragon terminal on November 18 from the Cove Point plant in Maryland. This will be followed by the arrival at South Hook on November 19 of the 180,000 cubic metres capacity carrier “Traiano Knutsen” carrying LNG from the Corpus Christi plant in Texas.
Nov 11 (LNGJ) – Royal Vopak, the Dutch storage company and shareholder in the Gate LNG import terminal in Rotterdam, reported a growing footprint in industrial terminals in China and increased send-out capacity at Gate LNG.
Vopak posted net profits of €80.5 million ($81.1M) versus €71.2M in the same three months of 2021. Gross earnings in the quarter came to €227.4M compared with €257.3M in the 2021 quarter. Revenues rose to €349.6M from €309.5M in the prior-year quarter. “Our strong third-quarter performance demonstrates that our well diversified infrastructure portfolio uniquely positions Vopak to serve our customers amidst highly uncertain times,” said Chief Executive Dick Richelle.
Nov 10 (LNGJ) - National Grid plc, owner of the UK Isle of Grain LNG import terminal on the Medway River in Kent, reiterated the importance of LNG deliveries this winter. It said the scenarios facing the UK’s Gas System Operator are all dependent on flexible sources of imported gas supplies throughout winter, particularly LNG.
“Gas infrastructure in Great Britain has sufficient capability to meet peak demand this winter, but the outlook underlines the importance of imported gas throughout to meet demand. A potential shortfall in European gas supplies could impact the ability for the UK to import gas should it be required. The GSO has the physical, commercial and market based tools to manage a supply and demand imbalance, including those related to a Gas Supply Emergency, should it be necessary,” said the company in its earnings report.
Nov 9 (LNGJ) - French LNG storage tanks designer GTT received an order from the South Korean Hyundai Heavy Industries shipyard for the design of tanks for a new floating storage and regasification unit (FSRU) ordered by the US floating LNG terminals provider Excelerate Energy.
“GTT will design the tanks of this FSRU, with a capacity of 170,000 cubic metres. The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT,” said GTT. The delivery of the ship is scheduled for the second quarter of 2026.
Nov 8 (LNGJ) - The French-flagged vessel “LNG Enterprise” with 174,000 cubic metres of capacity is scheduled to deliver a cargo on November 15 to the UK South Hook LNG import terminal from Cameron LNG in Louisiana. The cargo was lifted on October 29 from the plant near Lake Charles.
Nov 7 (LNGJ) - Two LNG cargoes are heading for the UK from the US and Peru. The 155,000 cubic metres capacity “GasLog Sydney” is scheduled to discharge a shipment on November 13 at the UK South Hook terminal at the Port of Milford Haven from the Corpus Christi plant in Texas.
On the same day the Dragon LNG facility at Milford Haven will unload a cargo from the 170,200 cubic metres capacity vessel “Kool Boreas” that was lifted on October 12 from the Pampa Melchorita plant on the Pacific Coast of Peru.
Nov 4 (LNGJ) - The Baltic Pipe natural gas pipeline link between Norway and Poland was receiving steady flows of gas via the expanded Nybro gas terminal in Western Jutland in Denmark. The Danish Nybro terminal was receiving 5.8 million cubic metres of gas flows on November 4, according to data from Gassco, the Norwegian state-owned pipelines and terminals operator.
The Norwegian gas can now be sent to Poland by Denmark’s gas network operator Energinet after the Nybro terminal start-up. The gas in the terminal is supplied from the Norwegian gas pipeline Europipe II in the North Sea. The gas is cleaned and the gas pressure is reduced at the Nybro terminal for onward transportation.
Nov 3 (LNGJ) - European maritime classification society DNV has opened an office in Shanghai to capture LNG carriers and alternative fuel-powered newbuilds business from Chinese shipyards. “China's shipbuilding industry has made great progress in recent years, scaling up its value chains to more advanced and complex vessels,” said DNV.
“The creation of this team demonstrates DNV's commitment to the Chinese market," said Norbert Kray, DNV's Regional Manager for Greater China. “Both energy and maritime industries are transforming, with LNG and other alternative fuels essential in this process,” added Kray.
Nov 2 (LNGJ) – LNG shipments are heading for Belgium and the Netherlands from Russia, Qatar, Egypt and the US, according to shipping data. The 177,000 cubic metres capacity “Eduard Toll” will deliver on November 4 to the Zeebrugge terminal in Belgium. The cargo was lifted on October 26 from the Yamal plant in Russia. The 149,540 cubic metres capacity vessel “Al Marrouna” is scheduled to deliver a shipment to Zeebrugge from Qatar on November 9.
The 172,000 cubic metres capacity “Maran Gas Achilles” will deliver a shipment on November 8 to the Dutch Eemshaven terminal from Sabine Pass in Louisiana while the 137,000 cubic metres capacity “Seapeak Hispania” will unload a cargo on November 9 at the Gate terminal in Rotterdam and which was lifted from the Idku plant in Egypt on October 29.
Nov 2 (LNGJ) – Cargoes are heading for the UK from Nigeria and Qatar, according to shipping data. The 142,650 cubic metres capacity vessel “LNG Adamawa” is scheduled to deliver a cargo on November 3 to the UK Isle of Grain terminal on the Medway River estuary in Kent from the Bonny Island plant in Nigeria.
The 266,000 cubic metres capacity Qatari Q-Max LNG carrier “Umm Slaal” is scheduled to deliver a cargo on November 11 to the South Hook import terminal at the port of Milford Haven.
Nov 1 (LNGJ) - Shell completed the sale of its 45 percent shareholding in the Malampaya gas field in the Philippines to Malampaya Energy XP Ltd, a subsidiary of Prime Infrastructure Capital of the Philippines. Shell staff will continue their employment under the new ownership. The other main remaining shareholder in the gas field is local company Udenna Corp.
“Since operations began in 2002, the Malampaya gas field has supplied an important part of the Philippines’ energy demand through the dedicated work of our partners and staff, past and present,” said Zoe Yujnovich, Shell’s Upstream Director. “This sale supports our strategy to create a resilient and competitive Upstream portfolio,” she added. The Malampaya gas field is in the process of depleting and is increasing the urgency for LNG imports to the Philippines.
Oct 31 (LNGJ) - Mitsui OSK Lines, the Japanese shipping company with an operating fleet of around 100 liquefied natural gas carriers, reported a more than doubling of fiscal first-half net profits to 603.64 billion yen ($4.10Bln) compared with 278.07Bln yen ($1.88Bln) for its overall business including oil tankers, car carriers, containerships and dry-bulk vessels. MOL manages its LNG carriers and other fleets through six firms based in Tokyo, London, Hong Kong, Jakarta, Oman and Algeria and also has extensive fleets in the other sectors.
MOL said first-half shipping revenues from April to the end of September came to 821.33Bln yen ($5.56Bln). “While continuing to generate stable profit through existing long-term charter contracts, the LNG carrier business posted a year-on-year decline in profit partially due to the expiration of some long-term contracts,” said the company. “The floating storage and regasification unit (FSRU) business posted a year-on-year increase in profit,” it added.
Oct 28 (LNGJ) - Italian energy major Eni posted an almost five-fold increase in third-quarter net profits to €5.86 ($5.87M) compared with €1.20Bln in the same three months of 2021. “We plan to replace at least 50 percent of Russian gas flows this winter, leveraging on our broad and diversified reserve base, our long-standing relationships with producing countries and our growing presence in LNG,” said Eni Chief Executive Claudio Descalzi.
“In the quarter we further enhanced our position in the gas supply chain via our exploration activities, the upstream acquisition of BP assets in Algeria and, on the midstream side, the purchase of the ‘Tango FLNG’ liquefaction vessel as part of the Congo gas valorization project,” added the CEO.
Oct 27 (LNGJ) - Israel and Lebanon were scheduled to sign a US-sponsored agreement on October 27 on maritime borders in the new natural gas basin of the Eastern Mediterranean. A statement said that the accord gives the Israelis rights to the Karish gas field that has just started production, while Lebanon will retain full rights in the nearby Qana field. The Qana field is expected to be operated for the authorities in Lebanon by French major TotalEnergies.
The London Stock Exchange-listed Energean Plc, the operator of the Karish field offshore Israel, confirmed that first gas had been safely delivered on October 26. Energean said its floating production, storage and offloading (FPSO) platform and the sales gas pipeline had capacity of 8 billion cubic metres per annum. “We have delivered a landmark project that brings competition to the Israeli gas market, enhances security of energy supply in the East Med region and brings affordable and clean energy that will displace coal-fired power generation,” explained Mathios Rigas, Chief Executive of Energean.
Oct 26 (LNGJ) - LNG cargoes are heading for Belgium and the Netherlands. The 206,960 cubic metres capacity Q-Flex LNG carrier “Umm Al Amad” is scheduled to deliver a shipment on October 27 to the Zeebrugge import terminal in Belgium, according to shipping data. The cargo was lifted on October 9 from the Ras Laffan plant in Qatar.
The 174,000 cubic metres capacity vessel “Maria Energy” is scheduled to discharge a US cargo on October 29 at the Gate terminal in Rotterdam from the Calcasieu Pass export plant in Louisiana.
Oct 25 (LNGJ) - OLT Offshore LNG Toscana, the company controlled by Italian grid operator SNAM and Igneo Infrastructure Partners, has launched a consultation on proposed amendments to the regasification capacity rules concerning the floating storage and regasification unit, the “FSRU Toscana”, deployed off the Mediterranean port of Livorno.
“From October 24, it is possible to consult the proposed amendment of the regasification code concerning the update of the procedures required to unload volumes of LNG exceeding 155,000 cubic metres and the duration of the financial guarantees required for continuous capacity,” said OLT Offshore. Other issues covered include the possibility of having quantities of gas involved in transactions traceable to biomethane production or as bio-LNG.
Oct 24 (LNGJ) - The 174,000 cubic metres capacity Greek-flagged vessel “Maran Gas Ithaca” is scheduled to discharge a cargo on October 29 at the UK South Hook import terminal at the port of Milford Haven, according to shipping data.
The cargo was lifted from the Corpus Christi plant in Texas on September 27. The shipment was headed for the UK as the National Balancing Point wholesale gas price dropped to the equivalent of $23.10 per million British thermal units amid mild weather compared with $30.10 per MMBtu a year ago when there were already serious concerns about gas shortages in Europe.
Oct 21 (LNGJ) - European Union leaders failed to reach an agreement on a cap on natural gas prices, ending the latest round of discussions to try and control energy markets to curb price rises partly caused by the cut-off of pipeline gas to Germany and the EU by Gazprom of Russia.
The latest failed attempt to cap natural gas prices followed opposition from several countries. Only 15 out of the 27 member states firmly support the policy of gas price controls. The EU statement added that EU energy ministers would meet in Luxembourg on October 25 for further discussions on the issue.
Oct 20 (LNG) - Sembcorp Marine Ltd of Singapore said it entered into a master service agreements with US LNG developer New Fortress Energy Inc. for the engineering and conversion of two Sevan cylindrical drilling vessels to floating LNG liquefaction facilities, including the fabrication and integration of LNG topside modules.
“The hull conversion and fabrication of topsides for the first FLNG liquefaction facility is scheduled for delivery in the first half of 2024 through the work engagement contract awarded by NFE,” said Sembmarine. “Work on the second FLNG liquefaction facility project is expected to be contracted at a later date,” it added. The two FLNG units will host the NFE-designed “Fast LNG” liquefaction production facility with a capacity of around 1.4 million tonnes per annum.
Oct 20 (LNGJ) - Australian LNG operator Santos said it delivered record year-to-date sales revenue of US$5.9 billion, up 86 percent, and record free cash flow of US$2.7Bln, up 194 percent. The Adelaide-based company with LNG assets in Australia and Papua New Guinea said free cash flow of over US$1Bln in the third quarter reduced debt relative to equity to 20.8 percent at the end of September.
“Santos delivered another strong quarter with record sales revenue and free cash flow, demonstrating solid performance from our LNG portfolio and our domestic gas business,” said Chief Executive Kevin Gallagher. “Santos is committed to keeping the Australian domestic market supplied, while remaining a leading, reliable and low-cost LNG supplier into Asia,” stated the CEO.
Oct 19 (LNGJ) - Beach Energy, the Australian exploration and production company, said its work programme was progressing on the Waitsia gas field in the onshore Perth Basin of Western Australia towards first LNG sales in the second half of 2023 to BP of the UK for five years. The Waitsia gas project is a joint venture with Mitsui of Japan.
“On the West Coast, we will soon be the newest entrant to the global LNG market. This revenue stream will be transformational for Beach and provide fast payback of the project’s capital outlay,” said the company in a quarterly activities report. Pro-forma sales revenue for the first fiscal 2023 quarter to the end of September 2022 amounted to A$437M (US$275.4M), an increase on the prior-year quarter’s A$388M.
Oct 18 (LNGJ) - Russian natural gas company Gazprom's latest volumes report said gas production for the first nine-and-a-half months of 2022 dropped to 327.4 billion cubic metres, a decline of 18 percent compared with the same period of 2021 as it tried to adapt to the impact of Western sanctions over the Ukraine invasion in February 2022.
The company report said pipeline gas exports to nations outside of Russia and the former Soviet Union countries, but including the former largest customer the European Union, dived by 41.4 percent, or 63 Bcm, to 89.3 Bcm. “Demand for Gazprom’s gas on the domestic pipeline gas system in Russia also declined by 5.2 percent within the first 9.5 months of this year,” added Gazprom. “Russia’s gas export to China over the ‘Power of Siberia’ gas pipeline continues growing,” added Gazprom without giving any numbers.
Oct 17 (LNGJ) - The 177,000 cubic metres capacity carrier “LNG Bonny II” berthed on October 17 at the UK Isle of Grain import terminal, located southeast of London. Shipping data listed the ship’s previous port as Point Fortin in Trinidad and its next destination as offshore Croatia.
Another LNG shipment is heading for Belgium. The 135,855 cubic metres vessel “Al Jasra” is scheduled to arrive on October 19 at the Zeebrugge terminal with a cargo lifted on October 1 from the Ras Laffan plant in Qatar.
Oct 14 (LNGJ) - TotalEnergies said the performance of its LNG assets was expected to show a strong increase because of higher average LNG prices when its third-quarter earnings are published next week. “Performance of the gas, LNG and power trading activities is expected to remain high with our integrated portfolio able to capture opportunities in a volatile and dislocated environment,” said the Paris-based company in a pointer to its earnings.
TotalEnergies indicated that the average attained LNG price in the third quarter to the end of September 2022 was $21.51 per million British thermal units compared with $13.96 per MMBtu in the second quarter and $9.10 per MMBtu in third quarter of 2021. The company said upstream production was expected to be 70,000 barrels of oil equivalent per day lower than in the second quarter, mainly due to unplanned outages in the Kashagan oil field in Kazakhstan.
Oct 13 (LNGJ) - The 173,400 cubic metres capacity vessel “Flex Constellation” is scheduled to deliver a US LNG cargo on October 19 to the UK South Hook import terminal at Milford Haven, according to shipping data. The cargo was lifted on October 4 from Cheniere Energy’s Corpus Christi export plant in Texas.
In other shipping movements, the 211,980 cubic metres capacity Qatari Q-Flex carrier “Al Rekayyat” was traversing the English Channel on October 13 enroute to deliver a cargo on October 17 to the Polish Swinoujscie import terminal on the Baltic Sea coast. The cargo was loaded at Ras Laffan in the Arabian Gulf on September 26.
Oct 12 (LNGJ) - The 174,000 cubic metres capacity LNG carrier “British Listener” is scheduled to arrive this weekend in the Rovuma Basin of Mozambique, according to shipping data. The arrival coincides with expectations of the first commercial cargo lifting from the “Coral-Sul FLNG” floating production project. The destination of “British Listener” is listed as Porto Amelia in Cabo Delgado province near where the FLNG hull is deployed.
The “Coral-Sul FLNG” production vessel has been receiving gas from the Rovuma Basin resources for the start of annual output of 3.4 million tonne per annum. Italy’s Eni is upstream operator of the FLNG project along with Area 4 licence partners ExxonMobil Corp., China National Petroleum Corp., Galp Energia of Portugal, Korea Gas Corp. and Mozambique’s ENH, the state energy company.
Oct 11 (LNGJ) – The 165,000 cubic metres capacity “Diamond Gas Rose” is scheduled to arrive on October 11 at the French LNG import terminal at Dunkirk with a shipment from Sempra Energy’s Cameron plant in Louisiana. Another carrier, the 164,000 cubic metres capacity vessel “Maran Gas Apollonia”, has entered the English Channel awaiting orders and carrying a cargo from the Venture Global-operated Calcasieu Pass plant in Louisiana.
Another cargo from the Calcasieu Pass facility is scheduled to be delivered on October 17 to the UK South Hook import terminal at Milford Haven in Wales onboard the 160,000 cubic metres capacity carrier “Cool Runner”, the data showed.
October 10 (LNG) – Two LNG carriers are set to berth in Belgium and the Netherlands with shipments from Qatar and Equatorial Guinea, according to shipping data. The 142,800 cubic metres capacity carrier “Lusail” was berthing on October 10 at the Zeebrugge terminal in Belgium with a cargo lifted from Ras Laffan.
A second LNG cargo onboard the 156,010 cubic metres capacity vessel “WilPride” was making its way along the English Channel to the Dutch port of Rotterdam with a shipment lifted at the end of September from the West African plant on Bioko Island.
Oct 10 (LNGJ) – The UK is receiving at least two US LNG cargoes this week, according to shipping data. The 180,000 cubic metres capacity vessel “GasLog Windsor” was berthing on October 10 at the Isle of Grain import terminal, operated by National Grid plc on the Medway River estuary southeast of London. The cargo was lifted on September 26 from Cheniere Energy’s Sabine Pass plant in Louisiana on September 25.
A second UK delivery is scheduled on October 14 on board the 180,000 cubic metres capacity carrier “Traiano Knutsen” at the UK South Hook import terminal at Milford Haven of QatarEnergy. The cargo was lifted on October 1 from Cheniere’s Corpus Christi plant in Texas.
Oct 7 (LNGJ) - French LNG storage technology firm GTT said it was awarded a contract by the Lawrence Berkeley National Laboratory to support research work for the Deep Underground Neutrino Experiment (DUNE) under the auspices of the US Department of Energy’s Fermi National Laboratory (Fermilab) after assuming a similar role in 2018 with the European Organization for Nuclear Research (CERN) in Geneva.
DUNE is a major international experiment that aims to increase the understanding of neutrinos. These are subatomic particles with a mass close to zero. The project takes advantage of the neutrinos produced by the Long-Baseline Neutrino Facility (LBNF) at Fermilab, which are subsequently screened in the particle detectors filled with liquid argon. “Liquid argon used in this experimental context has to be maintained at an extremely stable temperature of minus-186°C, in an environment that secures, through perfect tightness, the purity of materials and a high level of thermal isolation,” explained GTT.
Oct 6 (LNGJ) - UK major Shell issued a third-quarter earnings forecast update saying cash flow from operations was impacted at the end of August 2022 by working capital outflows of around $2.5 billion. “Prevailing volatility could lead to additional outflows in CFFO in September from the combined effect of price, changes in inventory volumes (including gas storage), margining effects on derivatives and movements in accounts payable and receivables balances,” said the company.
In Integrated Gas, one of four Shell divisions and including LNG, production was expected to be between 890,000 and 940,000 barrels of oil equivalent per day. In adjusted gas earnings, pre-tax depreciation is expected to be between $1.3Bln and $1.7Bln and taxation to be between $1.3Bln and $1.6Bln. “Trading and optimisation results for Integrated Gas are expected to be significantly lower compared to the second quarter 2022 as a result of seasonality and substantial differences between paper and physical realisation in a volatile and dislocated market,” said Shell.
Oct 6 (LNGJ) - Stolt-Nielsen Limited, the Oslo-listed and London-headquartered storage, shipping and gas company with LNG assets, reported increased third-quarter net profit of $74.7 million with revenue of $744.0 million. The company with a stake in the Avenir LNG joint venture comprising small-scale carriers and an import terminal in Sardinia said overall group net profit for the first nine months was $185.6M with revenues of $2.04 billion, up from $43.8M and $1.59Bln in the first nine months of 2021.
Niels G. Stolt-Nielsen, Chief Executive of the company, said net profit continued to improve in the third quarter with the benefit of the tightening tanker markets “The impact became evident during the third quarter when spot rates increased by almost 40 percent from the second quarter average, pushing our sailed-in revenue per day to an average of $24,341,” added Mr Stolt-Nielsen. “The tankers team has been actively building up our fleet adding 12 ships since 2020 for a total fleet of more than 160 ships, the largest in the company’s history as we enter the strong market,” he stated.
Oct 5 (LNGJ) – Two cargoes from Qatar are heading for Belgium and the UK. The 210,100 cubic metres capacity Q-Flex vessel “Al Ruwais” is scheduled to berth later on October 5 at the Zeebrugge terminal in Belgium with a cargo lifted from the Ras Laffan export complex in the Arabian Gulf.
The 159,890 cubic metres capacity vessel “Maran Gas Lindos” is scheduled to discharge a cargo from Qatar on October 7 at the UK South Hook import terminal at Milford Haven, according to shipping data. The cargo was loaded on September 20 at Ras Laffan.
Oct 4 (LNGJ) - Russian natural gas company Gazprom said its gas production decreased by 17.1 percent to 313.3 billion cubic metres in the first nine months of 2022 compared with the same period last year. Gas exports to the European Union and other nations outside of the states of the former Soviet Union dropped by 40.4 percent, or 58.9 Bcm, to 86.9 Bcm during the period.
“Also notable is the level of reserves observed at Ukraine's underground gas storage, which as of October 1 contained 14 Bcm of gas out of the 19 Bcm required to be in stock by winter,” said Gazprom.
Oct 3 (LNGJ) - The 167,400 cubic metres capacity vessel “Methane Mickie Harper” is scheduled to deliver an LNG cargo from Peru on October 7 to the UK Dragon LNG import terminal at the Port of Milford Haven, according to shipping data.
The shipment was lifted on August 13 from the Pampa Melchorita LNG export plant on the Pacific Coast of Peru and the data also showed that the ship stopped over at the Elba Island LNG plant in Georgia before heading across the Atlantic.