This week

Qatar retains key role in defining
future of LNG market structures

Qatar remains the number one liquefied natural gas exporter and is adapting its marketing and production policy to stay at the forefront of the industry. This involves raising output and advancing with its US export plans in Texas for future total production of 110 million tonnes per annum.

Latest News
The US Trade and Development Agency, the government body that helps companies create American jobs through the export of goods and services, has launched a gas infrastructure initiative…
Japanese liquefied natural gas imports dropped for a third month, with falling Middle East cargoes being partially offset by Asian deliveries as the nation opted for fewer shipments at 15.5 higher costs…
The second liquefied natural gas import terminal constructed in Finland, the Manga Tornio facility on the Finland-Sweden border, has received its first LNG cargo ahead of the…
Wison Offshore & Marine, the Chinese shipyard involved in energy platform construction, said it signed an accord with a power equipment and plant maker in China to develop…
Iran could export its first liquefied natural gas cargoes in 2018 under a joint venture contract with a Norwegian company that involves chartering a floating liquefaction hull…
The LNG shipping market has firmed up in recent months and some rates in the fourth quarter have moved beyond $50,000 per day for the first time…
US liquefied natural gas exports from the Sabine Pass plant in Louisiana numbered six vessels in the past week, with a seventh carrier lifting a cargo on…
A South Korean court in Seoul has fined 10 construction companies for conspiring to rig bids for state-backed projects worth more than US$3.1 billion to build liquefied…
Anadarko Petroleum Corp., one of the main participants in projects to develop liquefied natural gas production in Mozambique, is setting aside $150 million for spending on initial development…
Australian energy company Santos, a stakeholder in three Australia-Pacific LNG export ventures, said it was not currently in takeover discussions with Harbour Energy whose Chief Executive is…
Hoegh LNG, the Norwegian import terminal developer and fleet operator, said long-term outlook for the floating storage and regasification unit (FSRU) market remains solid, though it warned…

Indian LNG imports up

Nov 20 (LNGJ) - India imported 1.8 million tonnes of LNG last month, a rise of 11 percent compared with October 2016. Domestic natural gas production rose 2 percent to 2.8 billion cubic metres. The April-October LNG imports totaled 10.9MT, down 0.4 percent on the fiscal year to date.

Trinidad LNG for Brazil

Nov 20 (LNGJ) - The 138,200 cubic metres capacity carrier “British Innovator” is unloading a shipment on November 20 at the Salvador import facility in the northeast Brazilian state of Bahia from Atlantic LNG in Trinidad, according to shipping data. The 160,000 cubic metres capacity vessel “Cool Runner” is also scheduled to unload a Trinidad delivery at the Salvador terminal in Brazil.

LNG for Spain and France

Nov 17 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Al Dafna” is scheduled to deliver a shipment on November 19 to the French import terminal at Dunkirk from Ras Laffan in Qatar, according to shipping data. The 148,300 cubic metres capacity “LNG Ondo” is scheduled to arrive with a cargo on November 25 at the Huelva import terminal in southwest Spain from the Nigeria LNG plant on Bonny Island.

Teekay small-scale fleet

Nov 16 (LNGJ) - Teekay LNG Partners, the US-listed affiliate of Teekay LNG, has established a division called the “Teekay Multigas Pool” for in-house commercial management of small-scale liquefied natural gas carriers and ethylene-capable liquefied petroleum gas (LPG) vessels. “The pool fleet is expected to reach at least 12 vessels by the end of 2017, including third-party partner vessels,” said Teekay. The company said the seven directly owned, ethylene-capable LPG carriers have been part of the Norgas fleet operated by I.M. Skaugen and the transition of these vessels into the Teekay Multigas Pool will start immediately. “We believe there are opportunities to consolidate the ethylene and small-scale LNG shipping sectors,” said Mark Kremin, President and Chief Executive of Teekay Gas Group Ltd.

Europe and Asia cargoes

Nov 15 (LNGJ) - The 147,200 cubic metres capacity “Arctic Lady” will deliver a cargo on November 17 to the Zeebrugge import facility in Belgium from the Hammerfest plant in Norway, according to shipping data. The 155,000 cubic metres capacity carrier “British Ruby”, owned by BP Shipping, will unload a cargo on November 27 at the Japanese Kawagoe import terminal, operated by Chubu Electric, from the Bonny Island plant in Nigeria. The 155,000 cubic metres capacity BP carrier “British Diamond” will deliver a cargo on December 1 to the Yung-An import facility in Taiwan from the Caribbean Atlantic LNG plant in Trinidad.

Turkish LNG demand

Nov 14 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Al Bahiya” is scheduled to deliver a cargo on November 21 to the Turkish Aliaga LNG import terminal near the port of Izmir from Qatargas in Ras Laffan, according to shipping data. The 140,000 cubic metres capacity vessel “Arctic Discoverer” will unload a shipment on November 23 at Turkey’s Aliaga facility from the Hammerfest plant in Norway, operated by Statoil.

Nigerian LNG deliveries

Nov 13 (LNGJ) - The 140,620 cubic metres capacity carrier “Gallina” will unload a cargo on November 15 at the Mugardos import terminal at the Port of El Ferrol in northwest Spain from the Bonny Island plant in Nigeria, according to shipping data. The 141,00 cubic metres capacity vessel “LNG Cross River” will deliver a shipment on November 15 to the Sines   terminal in Portugal from Nigeria LNG. The 145,700 “LNG Benue” is scheduled to deliver a Nigerian cargo on November 19 to the Jordanian import terminal at the Red Sea Port of Aqaba.

Shale pipelines boost

Nov 10 (LNGJ) - Tennessee Zone 4 Marcellus shale-gas spot prices increased $1.71 from $0.52 per million British thermal unit to $2.23 per MMBtu in the week. “Marcellus prices likely increased this week as a result of a combination of cold weather in the Northeast and the commencement of service of the Access South and Adair Southwest pipelines,” said the Energy Information Administration. “These pipelines add approximately 0.6 billion cubic feet per day of takeaway capacity for the region and should help mitigate the regional discount,” said the EIA.

US natural gas stocks

Nov 10 (LNGJ) - US working natural gas in storage totaled 3,784 billion cubic feet (Bcf), according to the Energy Information Administration “The natural gas storage injection season has been traditionally defined as April 1 through October 31, although injections often occur into November. Inventories at the traditional end of this year’s injection season were 58 Bcf (2 percent) lower than the five-year (2012-2016) end-of-October average and 193 Bcf (5 percent) lower than the record-setting level of 3,977 Bcf established last year,” said the EIA.

Teekay LNG posts loss

Nov 9 (LNGJ) - Teekay LNG Partners, the US-listed affiliate of the fleet operator awaiting the delivery of eight new carriers scheduled for 2018, reported a wider third-quarter loss of $18.89 million compared with a profit of $50.10M in the same quarter of 2016. “During the third quarter, we continued to generate stable cash flows,” said Mark Kremin, President and Chief Executive of Teekay Gas Group. “In October and November 2017, we took delivery of two wholly-owned M-type, Electronically Controlled, Gas Injection (MEGI)-powered LNG carrier newbuilds and one 30 percent-owned newbuild, all of which immediately commenced charter contracts ranging between six and 20 years in duration with Shell,” said Kremin. “We expect these newbuilding deliveries will have a positive contribution to our cash flows and earnings beginning in the fourth quarter,” said the CEO.

LNG ship conversion

Nov 8 (LNGJ) - Royal Dutch Shell and Dutch shipping company Anthony Veder have signed a contract to modify the small-scale LNG carrier “Coral Methane” into an LNG bunker vessel. The modification marks the first of its kind and will entail integration of specific LNG bunker equipment into the vessel. The 7,500 cubic metres capacity ship currently operates as on a multipurpose basis for Shell. “We are proud to offer Shell this pioneering solution that once again emphasizes our expertise and continuous focus on safety and innovation,” said Jan Valkier, Chief Executive of Anthony Veder. “Furthermore, the modification project enables us to continue to build on our strong partnership with Shell and to drive sustainable change in our industry,” added Valkier. The conversion project is scheduled to start in early 2018 on the “Coral Methane”, first delivered in 2009.

Atlas Copco LNG order

Nov 8 (LNGJ) - Atlas Copco Gas and Process Division, based in the German city of Cologne, secured a compressor order for the LNG carrier shipbuilding market in Asia. The order was placed by Samsung Heavy Industries of South Korea for a total of four centrifugal gas compressors, four gas screws compressors and with heaters and vaporizers to be used on two Korean-built vessels. “Specifically, the vapor return compressors will provide tank pressure control during loading and the fuel-gas compressors will feed excess boil-off gas to the gas engine during operations,” said Atlas Copco. “This order is a very important step for Atlas Copco in the Asian LNG market,” said Robert Radimeczky, President of the Gas and Process Division. “We were pleased to leverage Atlas Copco’s proven experience in supplying full cargo-handling systems on large LNG vessels,” added Radimeczky.

Singapore bunker ban

Nov 7 (LNGJ) - The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and operator licences of Transocean Oil. The ban comes as the MPA aims to increase its activities and integrity levels as a global bunkering hub for LNG and other fuels. “As part of MPA’s ongoing regulatory efforts to ensure the integrity of bunkering in Singapore, checks were conducted on Transocean. MPA’s investigations revealed that there were several falsifications of records and discrepancies in the stock movement logbooks on board the bunker tankers operated by Transocean,” said the MPA. Transocean is the third provider to have its licence revoked in 2017 amid investigations into short deliveries by suppliers to bunker fuel customers. Transocean operates a fleet of 13 bunkering barges in the Port and its client list includes major Asian shipping companies such as NYK Line of Japan and US and Singapore Navy ships.

UK Trelleborg boost

Nov 6 (LNGJ) - Trelleborg of Sweden, a maker of LNG hose and transfer equipment, said its offshore operations base in Skelmersdale, northwest England, has received certification for the design of its Type 3 Clamp under the American Petroleum Institute’s specification for flexible pipe ancillary equipment. The approval is an important landmark as the full suite of qualification requirements relating to the design methodology of Trelleborg’s clamps and Distributed Buoyancy Modules is now complete. “Receiving full industry-recognized accreditation from an independent verification agent, demonstrates our dedication to execute projects and designs to the required standard, providing customers with additional confidence and peace of mind,” said Tom Perry, Design Manager in Trelleborg’s offshore operations.

LNG for China and Spain

Nov 6 (LNGJ) - The 159,900 cubic metres capacity vessel “Energy Atlantic” arrived on November 6 at the Tianjin import facility in northeast China with a cargo lifted on October 10 from the US Sabine Pass plant in Louisiana, according to shipping data. The 145,000 cubic metres capacity “Methane Nile Eagle” unloaded a cargo on November 6 at the Cartagena import terminal in southeast Spain from the Peru LNG plant at Pampa Melchorita.

LNG carrier earnings

Nov 3 (LNGJ) - Malaysia International Shipping Corp., the owner and operator of a fleet of 114 vessels including 30 LNG carriers, said overall quarterly operating profit more than doubled to 678 million Malaysian ringgits ($160M) compared with the same three months of 2016 because of one-off charges. “In the LNG shipping front, spot charter rates remain sluggish because of the tonnage oversupply situation,” said MISC. “Spot charter rates are, however, expected to pick up as countries start building up inventories to meet the winter heating demand,” the company added. “The present portfolio of long-term charters in the Group's LNG shipping business will continue to support the financial performance of this segment,” said MISC.

FSRU deal for China

Nov 2 (LNGJ) - French utility and energy company Engie confirmed the renewal of a charter on the floating storage and regasification unit “GDF Suez Cape Ann” at the port of Tianjin in northern China to help meet peak Chinese natural gas demand for the capital Beijing and other cities. Engie said the FSRU had arrived in Tianjin fully loaded with LNG and had started operations. The FSRU will remain in the Chinese port until around the end of the first quarter of 2018. It had previously provided similar services to CNOOC from November 2013 to January 2017. The FSRU will also transfer LNG into smaller onshore tanks used by CNOOC for LNG truck-loading. “We are especially pleased to continue this relationship with CNOOC, a long-standing partner of Engie in the field of LNG,” said Philip Olivier, Head of Global LNG at the French company.

Thailand and Korea cargoes

Nov 2 (LNGJ) - The 160,100 cubic metres capacity vessel “Kita LNG” is scheduled to deliver a cargo on November 14 to Thailand’s Map Ta Phut regasification terminal from the US Sabine Pass plant in Louisiana, owned by Cheniere Energy. The 160,000 cubic metres capacity carrier “Asia Endeavour” will deliver a cargo on November 7 to the South Korean Boryeong facility, owned by GS Energy, from the Gorgon LNG plant in Western Australia, operated by Chevron. The 261,700 cubic metres capacity “Al Ghuwairiya” will unload a shipment on November 14 at the South Korean Incheon terminal, operated by Korea Gas Corp, from the Ras Laffan plant in Qatar.

LNG ship movements

Nov 1 (LNGJ) - The 155,000 cubic metres capacity carrier “Solaris” arrived on November 1 at the Dabhol terminal in India with a cargo from the Equatorial Guinea onshore LNG export plant on Bioko Island, operated by Marathon Oil of the US, according to shipping data. The 145,000 cubic metres capacity vessel “Al Deebel” will unload a shipment on November 2 at the Egyptian port of Ain Sokhna in the Gulf of Suez from Qatargas in Ras Laffan. The 216,200 cubic metres capacity vessel “Al Gattara” will arrive on November 7 in Singapore with a cargo from Ras Laffan. The 138,200 cubic metres capacity vessel “Methane Kari Elin”, owned by Shell, has just lifted a cargo from the Equatorial Guinea plant in West Africa and is awaiting orders. The 140,000 cubic metres capacity vessel “Methane Rita Andrea”, operated by GasLog for Shell, has arrived at the Peru LNG loading terminal at Pampa Melchorita to lift a cargo.

APLNG boost for Origin

Oct 31 (LNGJ) - Origin Energy, a shareholder in the Australia Pacific LNG project with ConocoPhillips and Sinopec, said revenue in past quarter was $678.6 million, an increase of 1 percent compared with the previous quarter and a 58 percent rise on the same three months of 2016, reflecting higher output at APLNG from where 32 cargoes were shipped. “At APLNG planned maintenance was completed on both Trains,” said Origin Chief Executive Frank Calabria. “APLNG continues to be a major supplier of gas to Australia’s east coast and is expected to provide almost 30 percent of total east coast gas market demand in 2018, as well as meeting its export commitments,” he stated.

Chart $250M note sale

Oct 31 (LNGJ) - Chart Industries, one of the leading makers of LNG equipment, said it intended to offer $225 million of Convertible Senior Subordinated Notes due in 2024 in a private placement to institutional investors. Chart also intends to grant to the initial purchasers a 13-day option to purchase up to an additional $33.75M of the notes. Chart intends to use a portion of the net proceeds of the offering to pay the cost of hedge transactions and may repurchase other outstanding debts.

Q-Max LNG for UK Nov 5

Oct 30 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Umm Slal” will deliver a shipment on November 5 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 $6.00 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was slightly lower at the equivalent of around $5.95 per MMBtu.

Sales by Total increase

Oct 27 (LNGJ) - French energy company Total, a shareholder in two liquefaction projects currently nearing completion, Yamal LNG in Russia and Ichthys LNG in Australia, said in its third-quarter earnings that LNG sales rose 8 percent to 2.95 million tonnes compared with 2.75MT in the same three months of 2016. Sales for the first nine months of the year were 8.56MT versus 8.24MT in the same period of 2016. “Yamal LNG in Russia is expected to begin production by year-end,” said the French company.

Eni-Exxon LNG deal

Oct 27 (LNGJ) - Italian energy company Eni said it expected to complete the sale of a 25 percent stake in Area 4 licence in the Rovuma Basin, offshore Mozambique to US major ExxonMobil before the end of 2017. Eni explained the status of the delayed deal in its third-quarter earnings statement. ExxonMobil agreed in March 2017 to pay around $2.8 billion for part of the Eni stake in the Area 4 concession with estimated resources of 85 trillion cubic feet of natural gas. Under the deal, Eni will continue to lead the Coral floating LNG project and all upstream operations in Area 4, while ExxonMobil will lead the construction and operation of liquefaction and export facilities onshore. Eni’s earnings showed third-quarter net profits of 340 million euros ($395M) compared with a loss of 562M euros in the year-ago quarter.

African cargoes for India

Oct 27 (LNGJ) – The 174,000 cubic metres capacity “Maran Gas Agamemnon” is scheduled to deliver a cargo around November 3 to the Indian Dahej terminal, owned by Petronet, from the onshore Equatorial Guinea plant at Bioko Island in West Africa, operated by Marathon Oil of the US, according to shipping data. The 141,000 cubic metres capacity vessel “LNG Adamawa” will deliver a shipment on November 7 to the Dahej facility, north of Mumbai, from the Nigeria LNG plant on Bonny Island. The 141,000 cubic metres capacity vessel “LNG Adamawa” will deliver another Nigerian shipment on November 11 to Dahej. A further Nigerian cargo is scheduled for delivery to the Petronet terminal on November 12 on board the 137,230 cubic metres capacity carrier “LNG Rivers”.

LNG for France and Spain

Oct 26 (LNGJ) - The 148,300 cubic metres capacity vessel “LNG Imo” will deliver a shipment on October 29 to the French Montoir-de-Bretagne terminal from the Nigeria LNG plant at Bonny Island, according to shipping data. The 165,000 cubic metres capacity carrier “Marib Spirit”, operated by Teekay LNG, will unload a Nigerian cargo on October 29 at the Barcelona terminal in northeast Spain. The 160,500 cubic metres capacity “Sonangol Etosha” will deliver a shipment on October 31 to the Heulva terminal in southwest Spain from the Angola plant in Soyo, southwest Africa.

Wartsila profits decline

Oct 25 (LNGJ) - Wartsila, the Finnish propulsion equipment and power and project company, posted a 1 percent fall in third-quarter pretax profits to 114 million euros ($134M) as net sales rose 9 percent to 1.17 billion euros from 1.07Bln euros in the same three months a year ago. “Wartsila’s performance in the third quarter was satisfactory,” said Jaakko Eskola, President and Chief Executive. “Although power plant deliveries continued to drive overall sales development, challenges in the offshore segment and low volumes from service projects resulted in lower than expected sales growth,” he added. “I am pleased with the continued growth in order intake. In addition to good demand for our power solutions, we received an order to build our third LNG terminal in Finland, which will be in Hamina,” said the CEO.

LNG for China and Korea

Oct 25 (LNG) - The 216,000 cubic metres capacity vessel “Al Huwaila” will deliver a cargo on November 1 to the Chinese Yuedong import terminal, operated by China National Offshore Oil Corp. in the southern province of Guangdong, from the Ras Laffan plant in Qatar, according to shipping data. The 216,000 cubic metres capacity carrier “Al Thumama” is scheduled to unload a Qatargas shipment on November 7 at the Incheon terminal, owned by Korea Gas Corp.

Inpex names carrier

Oct 24 (LNGJ) - Inpex Corp., the Japanese LNG project developer with France’s Total of the Ichthys export project near the port of Darwin in Australia’s Northern Territory, has named a second carrier that will transport cargoes to Japan. The 155,300 cubic metres capacity vessel was named “Oceanic Breeze” at the Mitsubishi Heavy Industries shipyard in Nagasaki. Guests at the ceremony included Inpex President and Chief Executive Toshiaki Kitamura. The first carrier that will help deliver cargoes to the Inpex Naoetsu import terminal at Joetsu in Niigata Prefecture was named “Pacific Breeze” at a naming event held in September.

Kosmos $650M deal

Oct 24 (LNGJ) - Kosmos Energy, the company developing LNG projects with BP offshore Senegal and Mauritania, has agreed to acquire an interest in three exploration licenses offshore Sao Tome in the Gulf of Guinea as well as interests in the adjacent Ceiba Field and Okume Complex assets offshore Equatorial Guinea from the US Hess Corporation. Kosmos said it was acquiring the assets on a full partnership basis with UK private equity-backed firm Trident Energy. The gross acquisition price is $650 million, including net cash of $250M when the deal is closed. “The Ceiba and Okume fields, which our team originally discovered and managed, provide low-cost, high-margin production with several identified opportunities for resource and value upside,” said Kosmos Chief Executive Andrew Inglis.

Italian terminal MD

Oct 23 (LNGJ) - The operating company of the Italian floating LNG terminal in the Mediterranean, OLT Offshore LNG Toscana, named Richard Fleischmann is a new Managing Director. Fleischmann represents the main shareholder in the floating storage and regasification project off the port of Livorno, the German utility and energy company Uniper. Formerly a senior executive at Uniper Global Commodities, Fleischmann will support Alessandro Fino, a joint managing director representing Italian utility company Iren.

ICE seals data deal

Oct 23 (LNGJ) - Intercontinental Exchange (ICE), the leading operator of global exchanges and clearing houses and provider of data and listings services, said it completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed-income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed. “We’re excited to expand the breadth and scale of our index offering to give customers increased choice of third-party benchmark solutions,” said Lynn Martin, President and Chief Operating office of ICE Data Services. “With the addition of these indices, we are able to offer a comprehensive portfolio that includes the addition of more than 5,000 global fixed income, currency and commodity indices,” added Martin.

Santos names Chairman

Oct 23 (LNGJ) - Santos, the Australian stakeholder in three Asia-Pacific LNG export plants, said Keith Spence would succeed Peter Coates as company Chairman in February 2018. Coates announced his intention earlier in 2017 to step down from the board after the recruitment of his successor. Spence will join the Santos board on 1 January 2018. “He has over 30 years of oil and gas experience, having served in senior executive positions with Woodside Petroleum and Shell,” said Santos, whose LNG assets include a share of the Gladstone plant it operates in Queensland.

Q-Max LNG for UK Oct 26

Oct 20 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Aamira” will deliver a shipment on October 26 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 $5.85 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was substantially higher at the equivalent of around $6.95 per MMBtu.

LNG for France and Korea

Oct 20 (LNGJ) - The 148,300 cubic metres capacity “LNG Ondo” will deliver a cargo on October 25 to the Montoir-de-Bretagne terminal on the Atlantic Coast from the Bonny Island plant in Nigeria, according to shipping data. The 138,200 cubic metres capacity vessel “Hanjin Muscat” will deliver a cargo on October 26 to the South Korean Pyeongtaek terminal, operated by Korea Gas Corp., from the Oman LNG plant on the Arabian Peninsula.

TechnipFMC UK buy

Oct 19 (LNGJ) - TechnipFMC, the French-US LNG and energy engineering company, has agreed to acquire the Plexus wellhead exploration equipment and services business from Plexus Holdings of the UK for an initial $20 million, rising to around $55M depending on performance. TechnipFMC said the Aberdeen-based firm would be integrated into its surface technologies division and key personnel would be transferred from Plexus. “I am very pleased that we have reached this agreement, which fits within TechnipFMC Surface Technologies’ strategy to extend and strengthen our position in exploration-drilling products and services,” said Richard Alabaster, President of TechnipFMC’s Surface Technologies unit.

LNG for Greece and Mexico

Oct 19 (LNGJ) - The 75,000 cubic metres capacity vessel “Cheikh El Mokrani” will deliver a cargo on October 22 to the Greek Revithoussa import terminal from the Skikda plant in Algeria, operated by Sonatrach, according to shipping data. The 174,000 cubic metres capacity carrier “Gaslog Greece” will deliver a shipment on November 3 to the Mexican Altamira terminal in the Gulf of Mexico from the Bonny Island plant in Nigeria.

LNG for Poland and Italy

Oct 18 (LNGJ) - The 210,100 cubic metres capacity Q-Flex vessel “Al Ruwais” is unloading a cargo on October 18 at the Polish import terminal at Swinoujscie on the Baltic coast from Ras Laffan in Qatar, according to shipping data. The 151,700 cubic metres capacity carrier “Al Marrouna” is scheduled to deliver a Qatari cargo on October 20 to the Adriatic LNG facility offshore Rovigo in northeast Italy.

Indian gas price ceiling

Oct 18 (LNGJ) - The Indian Ministry of Petroleum and Natural Gas has fixed its latest half-year ceiling price for domestic natural gas output from October 2017 to March 2018 at $6.30 per million British thermal units on a gross calorific value (GCV) basis for gas produced from discoveries in deep water, ultra-deep water and high-pressure areas. The April-September 2017 price ceiling had been fixed at US$5.56 per MMBtu.

Enagas profits increase

Oct 17 (LNGJ) - Enagas, the Spanish LNG terminal and natural gas transmission network owner, posted a net profit of 322.5 million euros ($380M) for the first nine months, a rise of 1.6 percent compared with 2016.  The company said natural gas demand in Spain rose by 9.3 percent in the year to September. “This increase was driven by continued growth in demand from the industrial sector, which represents 60 percent of total demand for natural gas,” said Enagas.

UK cargo due on Oct 22

Oct 16 (LNGJ) - The 261,700 cubic metres capacity Q-Max carrier “Al Samriya” will deliver a shipment on October 22 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 $5.75 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was substantially higher at the equivalent of around $6.20 per MMBtu.

LNG for the Middle East

Oct 13 (LNGJ) - The 210,100 cubic metres capacity Q-Flex vessel “Al Ghariya” will deliver a cargo on October 15 to the Mina Al Ahamdi import terminal in Kuwait from Ras Laffan in Qatar, according to shipping data. The 147,200 cubic metres “Arctic Lady” is scheduled to deliver a cargo on October 19 to the Jebel Ali import facility in Dubai in the United Arab Emirates from the Hammerfest plant in Norway. The 160,000 cubic metres capacity “Cool Voyager” will unload a shipment on October 20 at the Egyptian port of Ain Sokhna in the Gulf of Suez from Qatargas in Ras Laffan.

India-Japan LNG accord

Oct 12 (LNGJ) - The Indian government of Prime Minister Narendra Modi approved the signing of a Memorandum of Cooperation between India and Japan on establishing a liquid, flexible and global LNG market. “The MoC will promote bilateral relationship between India and Japan in the energy sector. It will contribute to the diversification of gas supplies for India. This will strengthen our energy security and lead to more competitive prices for consumers,” an Indian statement said. Japan is the world's largest LNG importer, receiving more than 83 million tonnes in 2016, while India is the fourth-largest buyer with just over 18MT of imports last year.

LNG for Spain and Japan

Oct 12 (LNGJ) - The 141,000 cubic metres capacity carrier “LNG Akwa Ibom” will deliver a shipment on October 14 to the Huelva import terminal in southwest Spain from the Bonny Island plant in Nigeria, according to shipping data. The 145,700 cubic metres capacity carrier “LNG Benue” will unload a cargo on October 23 at the Bilbao terminal in northwest Spain from Nigeria LNG.  The 165,000 cubic metres capacity vessel “LNG Fukurokuju” will deliver a cargo on October 18 to Japan’s Himeji terminal from the Australia Pacific LNG plant at Curtis Island in Queensland. The 177,000 cubic metres capacity vessel “Energy Horizon” is scheduled to unload a shipment on October 19 at the Japanese Sodegaura import terminal, operated by Tokyo Gas, from Australian company Woodside’s export terminal at Dampier in Western Australia.

US prices and output

Oct 12 (LNGJ) - The latest US government short-term energy outlook said it expected growth in LNG exports and domestic natural gas consumption in 2018 would contribute to a rise in the benchmark Henry Hub natural gas spot price from an annual average of $3.03 per million British thermal units in 2017 to $3.19 per MMBtu in 2018. The report added that the nation’s dry natural gas production would average 73.6 billion cubic feet per day (Bcf/d) in 2017, a 0.8 Bcf/d increase from the 2016 level. Natural gas production in 2018 is forecast to be 4.9 Bcf/d higher than the 2017 level. 

LNG for Spain and Korea

Oct 11 (LNGJ) - The 75,000 cubic metres capacity “Cheikh Bouamama” is scheduled to unload an Algerian cargo on October 11 at the Cartagena import terminal in southeast Spain, according to shipping data. The 140,000 metres capacity vessel “Arctic Voyager” will deliver a cargo on October 19 to the Bilbao terminal in northwest Spain from the Hammerfest plant in Norway, operated by Statoil. The 266,000 cubic metres capacity Q-Max carrier “Al Dafna” will deliver a cargo on October 15 to the South Korean Tong-Yeong terminal, operated by Korea Gas Corp., from Ras Laffan in Qatar. The 160,000 cubic metres capacity “Asia Excellence” will unload a shipment on October 18 at the South Korean Boryeong terminal, owned by SK E&S, from the Bontang plant in Indonesia.

Australian exports fall

Oct 10 (LNGJ) - Australian LNG exports fell last month to 4.2 million tonnes (63 cargoes) from 5.1MT (76 cargoes) in the previous month of August, according to monthly estimated from consultants EnergyQuest. Western Australia’s plants shipped 2.4MT in September, down from 3.4MT in August, due in particular to lower Gorgon and North West Shelf output. “Notwithstanding political pressure to reduce exports, Queensland LNG projects shipped two cargoes more than in August with a total of 1.8MT,” said EnergyQuest.

LNG for UK Kent terminal

Oct 10 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Al Bahiya” is scheduled to unload a cargo on October 13 at the UK Isle of Grain import terminal on the Medway River in Kent, 45 miles southeast of London, from the Ras Laffan plant in Qatar, according to shipping data. The shipment was being delivered as the UK National Balancing Point benchmark natural gas price was at the equivalent of $6.40 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 $6.25 per MMBtu.

Costly Gulf storm season

Oct 9 (LNGJ) - The US Bureau of Safety and Environmental Enforcement (BSEE) said an estimated 77 percent of Gulf of Mexico natural gas production, or 2,503.2 million cubic feet per day, was shut in over the weekend through October 8 for the passage of Tropical Storm Nate. A further 92 percent of the current oil production in the Gulf of Mexico was also shut in, which equates to 1.62 million barrels of oil per day. “Based on data from offshore operator reports, personnel remain evacuated from a total of 298 production platforms, which is 40.43 percent of the 737 manned platforms in the Gulf of Mexico,” said the BSEE.

US plant at 18M tonnes

Oct 9 (LNGJ) - The US Federal Energy Regulatory Commission FERC has given Cheniere Energy formal permission in a letter to start liquefaction and export activities from Train 4 at its facility to take total production so far to 18 million tonnes per annum. “Based on Commission staff inspections and review of the commissioning activities, Sabine Pass has demonstrated that the above-mentioned facilities have been constructed in accordance with Commission approval and applicable standards and can be expected to operate safely as designed,” said the letter.