This week

China is moving to avoid trade
war with US and secure its LNG

A new Chinese-authored report has outlined how the US and China are trying to avoid a trade war, securing future LNG supplies for China, while the US re-imposition of sanctions on Iran over the nuclear issue could also work to the advantage of Beijing in regard to natural gas assets.

Latest News
Venture Global, the owner of the US Calcasieu LNG export project, has received its draft Environmental Impact Statement from the Federal Energy Regulatory Commission, allowing the venture…
Port Arthur LNG, the US project being developed by California utility Sempra Energy and Australian LNG plant operator Woodside Petroleum, continue to make progress with their liquefaction…
Anti-trust investigations by the European Commission into LNG agreements between Qatar and European energy companies has led Qatar Petroleum to say it gave the “highest importance” to…
Singapore LNG cargo indices stayed above the $11.00 per million British thermal units mark for North Asia and Dubai-Kuwait-India shipments for delivery windows in the first and…
Gas Natural Fenosa, the international natural gas power utility and LNG market participant, has unloaded its first shipment from Russia under a long-term contract, involving a capacity…
The European Commission, the executive arm of the 28-nation European Union, has opened an anti-trust investigation into liquefied natural gas agreements between Qatar Petroleum and European energy…
Japanese liquefied natural gas imports rebounded in May to rise by 2.7 percent as US shipments to Tokyo Bay started from Cove Point in Maryland, though thermal…
Indian LNG imports jumped last month by over 17 percent, led by shipments from Qatar and Nigeria as volumes are also set to increase from the US…
Energy World Corp., the owner of the first LNG import terminal in the Philippines at Pagbilao, has backed testimony to a Senate hearing in Manila that imported…
Royal Dutch Shell said it completed the sale of its 15 percent stake in liquefaction plant three at the Malaysian LNG Bintulu Complex in Sarawak for a…
Crowley Maritime Corp., the Florida-based shipping company for the Caribbean, said its fuels unit had acquired 40 additional cryogenic ISO tank containers to meet growing regional demand…

US exports rise

June 22 (LNGJ) - US LNG exports increased to five cargoes in the past week versus four shipments the previous week. Carriers carrying a combined 18.7 billion cubic feet of natural gas departed from the United States from June 14 through June 21. Three carriers left from the Sabine Pass plant in Louisiana and two from the Cove Point terminal in Maryland. according to the Energy Information Administration. Spot prices rose at most locations, with the benchmark Henry Hub at $2.95 per million British thermal units. “Most areas east of the Mississippi River were warmer, with parts of the East Coast averaging up to 10 degrees Fahrenheit higher,” said the report. Total US natural gas consumption, led by electrical power generation needs, rose by 4 percent. “Net injections to working gas totaled 91 Bcf for the week. Working natural gas stocks are 2,004 Bcf, which is 27 percent lower than the year-ago level and 20 percent lower than the five-year average,” said the EIA.  

Cove Point pricing

June 21 (LNGJ) - The Intercontinental Exchange (ICE), the leading operator of commodities, futures and share trading platforms, has launched a physical trading product to reflect the change at the Dominion Energy Cove Point LNG facility in Maryland from an import terminal to an export plant. The new Dominion Energy Cove Point product reflects the physical market for natural gas deliveries into the plant for liquefaction and export. The previous Cove Point market, which had been set up for receiving natural gas from LNG imports, was delisted simultaneously by the ICE. The new Cove Point price was last at $3.110 per million British thermal units.

Croatian gas deal

June 21 (LNGJ) – Future LNG importer Croatia has purchased control of nine Northern Adriatic and Marica area gas fields offshore the Balkan state from Italian energy company Eni. The Croatia-state back company INI has agreed to buy Eni Croatia BV and become the 100 percent owner and sole operator of the fields. The transaction covers production of almost 380,000 cubic metres per day of gas and marks Eni’s exit from Croatian exploration and production. Eni and INA had previously worked in a 50-50 joint venture since 1996 under a production-sharing agreement with the Croatian government. Eni said the sale of gas to Italy from the Marica area would continue under a commercial agreement. Other stakeholders in INA are the Croatian government with 44.8 percent and private and institutional investors with just over 6 percent. The Hungarian MOL energy group owns 49.1 percent of INI.

Cargo delivery schedule

June 20 (LNGJ) - The 147,000 cubic metres capacity carrier “Dapeng Moon” will unload a shipment on June 22 at the Chinese Shenzhen Diefu terminal in southern Guangdong province from the Dampier export facility of Woodside Petroleum in Western Australia, according to shipping data. The 210,100 cubic metres capacity Q-Flex carrier “Al Ruwais” will deliver a cargo on June 26 to the Indian Hazira terminal, operated by Shell India, from the Ras Laffan plant in Qatar. The 176,300 cubic metres capacity vessel “Rioja Knutsen” will deliver a Nigerian shipment on June 29 to the Dahej terminal in India, owned by Petronet. The 160,000 cubic metres capacity “Asia Endeavour” will unload a cargo on July 4 at the South Korean Boryeong terminal, owned by SK and GS Energy, from the Chevron-operated Wheatstone export plant in Western Australia. The 170,000 cubic metres capacity carrier “Sonangol Sambizanga” will deliver a shipment on July 9 to the Mina Al Ahmadi import facility in Kuwait from Angola in southwest Africa. The 156,000 cubic metres capacity vessel “Wilforce” will unload a shipment on July 18 at the Yung-An import terminal in Taiwan from the Sabine Pass plant in Louisiana, owned by Cheniere Energy.

LNG cargo deliveries

June 19 (LNGJ) - The 155,000 cubic metres caapcity vessel “Gaslog Saratoga” will deliver a cargo on June 22 to the Tong-Yeong import terminal in South Korea, operated by Korea Gas Corp., from the Gorgon plant on Barrow island in Western Australia, according to shipping data. The 147,200 cubic metres capacity carrier “Arctic Princess” will deliver a cargo on June 24 to the Bilbao import terminal in northwest Spain from the Hammerfest plant in Norway operated by Equinor. The 172,000 cubic metres capacity vessel “Boris Vilkitsky” will deliver a shipment on June 25 to the French Montoir-de-Bretagne terminal on the Atlantic coast from the Russian Yamal plant in Siberia. The 137,230 cubic metres capacity vessel “LNG Sokoto” will unload a cargo on June 25 at the Marmaris Ereglisi import terminal in Turkey from the Nigeria plant on Bonny Island.

Egypt-Morocco gas

June 18 (LNG) - SDX Energy Inc., the UK-based exploration company, has made another natural gas discovery in Egypt at its South Disouq concession. The well was drilled to a total depth of 7,806 feet and encountered 89 feet of net conventional natural gas pay. SDX also completed a test programme at its LMS-1 well in the Lalla Mimouna Nord permit in Morocco. Egypt is seeking to end LNG imports amid abundant domestic gas supply while Morocco has one LNG import project in development. “Overall we are very pleased with our recent drilling activity. In Morocco we had seven successful results from our nine well program and in Egypt we have had three successes out of the four wells drilled,” said SDX Chief Executive Paul Welch. “I am looking forward to updating our shareholders on the well test results and progress we are making on our development activity,” he added.

US weekly exports fall

June 15 (LNGJ) - US LNG exports decreased to four cargoes in the past week versus six shipments the previous week. Carriers carrying a combined 14.6 billion cubic feet of natural gas departed from the Sabine Pass plant in Louisiana and none left from Cove Point in Maryland, according to the Energy Information Administration. Spot prices rose at most locations, with the benchmark Henry Hub at $2.94 per million British thermal units. “Citygate prices in California rose with increased electricity demand because of warmer weather,” said the report. The price for next-day delivery at the SoCal Citygate increased 54 cents to $3.36 per MMBtu. Northeast prices were mixed. “At the Transcontinental Pipeline Zone 6 trading point for New York City, prices increased 12 cents to $2.79/MMBtu,” said the EIA. Natural gas stocks were at 1,913 Bcf after weekly net injections of 96 Bcf. The stocks are 29 percent lower than a year ago and 21 percent below the five-year average for the week.

Mozambique survey

June 14 (LNGJ) - The French firm Compagnie Generale de Geophysique (CGG) has completed a 15,400 square kilometres 3D marine seismic survey in the deepwater Zambezi Delta Basin offshore central Mozambique to help in future energy block auctions. The southeast African nation is currently developing two LNG export projects for its Rovuma Basin natural gas reserves of an estimated 70 trillion cubic feet and more resource exploration licenses will be issued for other areas. The CGG survey covers blocks Z5-C and Z5-D and surrounding non-held acreage in the Mozambique Channel. It follows an agreement reached between CGG and Mozambique’s National Petroleum Institute (INP) to examine the hydrocarbon potential of the Zambezi Delta.

Magnolia LNG boost

June 13 (LNGJ) - LNG Ltd, the Australian-based developer of the Magnolia LNG project in Louisiana and the Canadian Bear Head venture in Nova Scotia, has completed a share placement with a new Chinese investor, IDG Energy Investment Group. The shares of LNG Ltd are listed on the Australian Securities Exchange and the share placement with IDG raised A$28.2 million (US$21.5M). IDG was formerly known as Shun Cheong Holdings and is registered in Bermuda as well as being quoted on the Hong Kong stock exchange. LNG Ltd said the proceeds from the placement would be used to support offtake marketing efforts, focused on Magnolia LNG, and for general corporate purposes.

Cargo for UK June 15

June 12 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Bu Samra” will unload a cargo on June 15 at the UK Milford Haven import terminal in Wales from the Ras Laffan plant in Qatar, according to the port authorities. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.45 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 $7.40 per MMBtu.

LNG ferries for BC

June 12 (LNGJ) - The American Bureau of Shipping said that the “Spirit of British Columbia”, one of two ferries classed by ABS that will use LNG as fuel, has completed its conversion and is back in operation for BC Ferries of Canada. “The conversion of these vessels to operate on LNG is an important milestone for BC Ferries and the region, supporting more efficient and environmentally-friendly transportation,” said ABS Vice President for Global Gas Solutions, Patrick Janssens. “With the increased pressure for environmental compliance, LNG as fuel is a practical option for many marine owners and operators,” added Janssens. ABS said the “Spirit of British Columbia” was the first to undergo conversion while its sister vessel, the “Spirit of Vancouver Island”, is expected to complete its conversion in the first quarter of 2019 at the Remontowa Ship Repair Yard in the Polish port of Gdansk.

LNG cargo deliveries

June 11 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Tembek” was unloading a cargo on June 11 at Poland’s Swinoujscie import terminal on the Baltic coast from Ras Laffan in Qatar, according to shipping data. The 145,000 cubic metres capacity vessel “Ejnan” will deliver a cargo on June 15 to the Barcelona terminal in northeast Spain from Qatar. The 177,000 cubic metres capacity vessel “Gigira Laitebo” will unload a shipment on June 17 at the Chinese Tianjin terminal in the northeast province of Hebei province from the Papua New Guinea plant. The 210,100 cubic metres capacity carrier “Umm Al Amad” will deliver a Qatargas cargo on June 20 to the Chinese Shanwei terminal in the southern Guangdong province. The 172,636 cubic metres capacity vessel “Fedor Litke” will unload a shipment on June 21 at the Mugardos terminal near the northwest Spanish port of El Ferror from the Yamal plant at Sabetta port in Russia.

US LNG exports rise

June 8 (LNGJ) - US LNG exports rose in the past week as six carriers departed with total cargoes of 21.8 billion cubic feet compared with four shipments the previous week. Four carriers left Cheniere Energy’s Sabine Pass export plant in Louisiana between May 31 through June 6, while two vessels departed from the Cove Point facility in Maryland owned by Dominion Energy, according to the weekly report of the US Energy Information Administration. One other tanker was lifting a cargo on June 7 at the Sabine Pass plant. The EIA said spot US natural gas prices were mixed with the benchmark Henry Hub rising to around $2.85 per million British thermal units. At the Pacific Gas and Electric Citygate in Northern California prices fell 8 cents to $2.95 per MMBtu. At the Algonquin Citygate, which serves the Boston area, prices declined 3 cents to $2.51 per MMBtu. Shale-gas prices were also mixed. At Dominion South in northwest Pennsylvania prices fell 4 cents to $2.36 per MMBtu.

PNG LNG well test

June 7 (LNGJ) - Oil Search, the Australian-listed company with a stake in the Papua New Guinea LNG plant, has completed work at the Kimu II gas well to test the potential resource upside for possible inclusion in the PNG expansion project. “Kimu II reached a total depth of 1,943 metres. The well successfully encountered gas in the target Alene reservoir,” said Oil Search. “The provisional interpretation at this location is that it has similar reservoir properties to Kimu 1. Evaluation of the well data acquired has now commenced and will be used to help assess options for the potential commercialisation of the Kimu field,” the company added.

TechnipFMC contract

June 6 (LNGJ) - TechnipFMC, the energy project engineering company, was awarded a contract by Australian LNG operator Woodside Petroleum to upgrade the water treatment system for the Pluto platform offshore Western Australia. Woodside is the operator of two onshore liquefaction and export plants, the North West Shelf plant and Pluto LNG, and both are served by offshore feed-gas resources. “The contract includes the engineering, procurement, construction, installation and commissioning of the Pluto water handling module. This module, to be installed on the existing Pluto Alpha Gas Production Platform, will consist of facilities for water separation and treatment, together with upgraded power generation units,” said TechnipFMC.

LNG ship movements

June 6 (LNGJ) - The 210,100 cubic metres capacity vessel “Al Ghariya” is unloading a Qatargas cargo on June 6 at the Dapeng import terminal in the southern Chinese province of Guangdong and operated by China National Offshore Oil Corp. The 174,000 cubic metres capacity carrier “Gaslog Greece” will lift a cargo on June 8 from the US Sabine Pass plant in Louisiana, owned by Cheniere Energy. The 216,000 cubic metres capacity vessel “Al Hamla” will unload a Qatari shipment on June 9 at the Japanese Himeji terminal. The 165,000 cubic metres capacity “LNG Fukurokuju” will deliver a shipment on June 17 to the Chinese Dalian terminal in the northeast province of Liaoning  from the Australia Pacific LNG plant in Queensland. The 141,000 metres capacity carrier “LNG River Niger” will deliver a cargo on June 23 to the Indian Hazira terminal, operated by Shell India, from the Bonny Island plant in Nigeria.

June cargo deliveries

June 5 (LNGJ) - The 154,900 cubic metres capacity carrier “Trinity Arrow” will deliver a shipment on June 5 to the Zeebrugge terminal in Belgium from the Ras Laffan plant in Qatar. The 210,100 cubic metres capacity Q-Flex vessel “Fraiha” will deliver a Qatargas shipment on June 7 to the Aliaga facility near Izmir in Turkey. The 155,000 cubic metres capacity vessel “British Ruby” will deliver a cargo on June 9 to the Pakistani Port Qasim import facilities near Karachi from the Trinidad plant at Point Fortin in the Caribbean. The 147,200 cubic metres capacity carrier “Arctic Princess” will unload a shipment on June 10 at the Baltic port of Klaipeda in Lithuania from the Hammerfest plant in Norway, operated by Equinor. The 160,400 cubic metres capacity carrier “Soyo” will unload a shipment on June 12 at the Indian Hazira terminal, operated by Shell India, from the Angola plant in southwest Africa. The 176,800 cubic metres vessel “LNG Lagos II” is scheduled to unload a shipment on June 25 at the Map Ta Phut terminal in Thailand from the Nigerian export plant on Bonny Island.

Cargo for UK June 8

June 4 (LNGJ) - The 210,185 cubic metres capacity Q-Flex carrier “Al Bahiya” will unload a cargo on June 8 at the UK Milford Haven import terminal in Wales from the Ras Laffan plant in Qatar, according to the port authorities. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.60 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 $7.45 per MMBtu.

US LNG exports fall

June 1 (LNGJ) - US LNG exports decreased last week as four carriers departed with cargo capacity of 14.4 billion cubic feet compared with five shipments the previous week. The carriers left the Sabine Pass export plant in Louisiana between May 24 through May 30, while another vessel was preparing to lift a cargo from the Cove Point facility in Maryland owned by Dominion Energy, according to the weekly report of the US Energy Information Administration. The EIA said spot natural gas prices fell across the Lower 48 states with the benchmark Henry Hub dropping to around $2.83 per million British thermal units. At the Chicago Citygate, prices declined to $2.66 per MMBtu and prices at Pacific Gas and Electricity Citygate in Northern California were also down at around $3.03 per MMBtu. Shale-gas prices at Dominion South in northwest Pennsylvania rose 17 cents from $2.23 per MMBtu to $2.40 per MMBtu.

Hoegh profits rise

May 31 (LNGJ) - Hoegh LNG posted improved first-quarter earnings of $38.1 million compared with $36.7M in the same quarter of 2017, while net profits amounted to $13.2M versus $11.4M in the same three months of the last year. “We are pleased to deliver another quarter with strong operational results,” said President and Chief Executive Sveinung J. S. Stohle. “Our eighth FSRU, ‘Hoegh Esperanza’, was delivered in April and is now set to start a three-year time charter,” added the CEO. “Meanwhile, we continue to compete for the most attractive FSRU projects for our two uncommitted newbuildings,” said Stohle. The “Hoegh Esperanza” was vetted for LNG trading and entered a spot charter under which it loaded its maiden cargo on 21 May 2018 at the Queensland Curtis LNG plant in Australia. Hoegh said the charter for “Hoegh Esperanza” would ensure a minimum utilisation of the unit in FSRU mode and for the balance of the year it would be in conventional LNG carrier mode.

GasLog-Centrica charter

May 30 (LNGJ) - GasLog, the Monaco-based LNG carrier owner and operator whose fleet will soon number 30 vessels, said it signed a seven-year charter agreement for a newbuild with UK utility and energy company Centrica, the second LNG carrier deal between the two companies. GasLog said the carrier would have capacity of 180,000 cubic metres and has been ordered from Samsung Heavy Industries in South Korea, with expected delivery in the third quarter of 2020. “I am delighted that Centrica has chosen GasLog to provide them with a second LNG carrier on long-term charter,” said Paul Wogan, Chief Executive of GasLog. “We appreciate Centrica’s confidence in GasLog’s ability to deliver high operating and safety standards and we look forward to continuing to build our strategic partnership with them,” added Wogan.  

Asia cargo deliveries

May 30 (LNGJ) - The 150,000 cubic metres capacity carrier “Seri Cenderawasih” will unload a shipment on June 1 at the South Korean Incheon terminal from Malaysia’s “PFLNG Satu” floating liquefaction plant offshore Sarawak. The 145,700 cubic metres capacity vessel “Tangguh Jaya” will deliver an Indonesian cargo on June 5 to the South Korean Pyeongtaek terminal, operated by Korea Gas Corp. The 172,000 cubic metres capacity carrier “Beidou Star” will unload a shipment on June 9 at the Indian Dahej terminal from the Chevron-operated Gorgon plant in Western Australia. The 135,000 cubic metres capacity ship “Hyundai Oceanpia” will deliver a cargo on June 10 to the South Korean Tong-Yeong terminal from the Oman export plant in the Arabian Peninsula. The 170,050 cubic metres capacity vessel “Hoegh Giant” will deliver a cargo on June 22 to the Chinese Ningbo terminal in eastern Zheijang province, operated by China National Offshore Oil Corp., from the Sabine Pass facility in Louisiana owned by Cheniere Energy.

Korean LNG plans

May 30 (LNGJ) - The South Korean Energy Ministry said it was finalising the wording of a memorandum of understanding reached with China and Japan on strengthening cooperation on liquefied natural gas, including support from the three nations on the eventual removal of strict destination clauses. South Korea imports most of its LNG under long-term contracts that include destination restrictions forbidding the resale of cargoes to other countries by Korean companies.

New CEO for Elengy

May 29 (LNGJ) - French LNG import terminal operator Elengy has named Laurence Borie-Bancel as its new Chief Executive from June 1 in succession to Martin Jahan de Lestang, who has been appointed to another position within parent company Engie. Borie-Bancel, aged 51, started her career in 1989 at Gaz de France, a predecessor company to both Engie and Elengy, where she worked on infrastructure ventures. “She developed an expertise in this area, working on various projects. In particular, she worked for Tokyo Gas and Osaka Gas in Japan as part of an LNG cooperation programme and was involved in the revamping of the Montoir-de-Bretagne LNG terminal located in France and in the development of the Fos Cavaou LNG terminal,” said Elengy. Borie-Bancel is a graduate of the Ecole Nationale Superieure des Ingenieurs de Genie Chimique in Toulouse.

Europe LNG cargoes

May 29 (LNG)- The 151,700 cubic metres capacity vessel “Al Marrouna” was unloading a shipment on May 29 at the Adriatic import facility offshore Italy from Ras Laffan in Qatar. The 138, 200 cubic metres capacity carrier “Methane Kari Elin” will deliver a cargo to the Spanish port of Barcelona on June 1 from the Pampa Melchorita export facility in Peru. The 155,000 cubic metres capacity vessel “British Sapphire” will deliver a cargo on June 2 to the UK Isle of Grain terminal, operated by National Grid and located on the River Medway 45 miles southeast of London, from the Trinidad export plant at Point Fortin in the Caribbean. The 147,200 cubic metres capacity carrier “Arctic Lady” will unload a shipment on June 8 at the Fos Cavaou terminal near the French Mediterranean port of Marseilles from the Hammerfest plant in Norway, operated by Equinor. The 137,230 cubic metres capacity “LNG Rivers” will deliver a cargo on June 11 to the Huelva terminal in southwest Spain from the Bonny Island plant in Nigeria.

US exports decline

May 25 (LNGJ) - US LNG exports fell in the past week to five cargoes with a combined capacity of 18.8 billion cubic feet of natural gas versus seven shipments in the previous week. Four of the carriers lifted cargoes at the Sabine Pass plant in Louisiana and one at the Cove Point facility in Maryland, according to the Energy Information Administration. The EIA said prices rose across the Lower 48 states. “Prices rose as temperatures generally increased and higher cooling demand increased natural gas use for electricity generation,” said the EIA. The Henry Hub spot price rose to $2.86 per million British thermal units and at the Chicago Citygate prices increased to $2.74 per MMBtu. Shale-gas prices at Dominion South in northwest Pennsylvania rose to $2.23 per MMBtu.

US-Canada trade

May 24 (LNGJ) - The US remains a net energy importer from Canada and latest data from the US Energy Information Administration showed that while energy accounted for $18 billion of the value of US exports to Canada, oil and gas accounted for $73Bln of the value of all US imports from its northern neighbour in 2017. Bilateral natural gas trade between Canada and the US is dominated by pipeline shipments. “Natural gas imports from Canada increased to 8.1 billion cubic feet per day in 2017, accounting for 97 percent of all US natural gas imports,” said the EIA report. “Most of Canada’s natural gas exports to the US originate in Western Canada and are shipped to US West and Midwest markets,” it added. “US natural gas exports to Canada, which increased to 2.5 Bcf/d in 2017, mainly go from New York state into the eastern provinces,” it added. Canadian LNG export projects in Nova Scotia have previously discussed using pipeline volumes from the US Marcellus shale basin.

South America LNG

May 23 (LNGJ) - Brazilian energy company Petrobras is in the market for delivered LNG cargoes as demand increases in South America where Argentina has also been a recent recipient of US volumes from Sabine Pass in Louisiana. A US cargo will be unloaded at the Argentine Bahia Blanca terminal in the southwest of the province of Buenos Aires on June 1. Brazil is a large user of hydropower generation, though when the dry season starts in April and May water levels fall as does electricity output from the system and gas-fired power is needed as a replacement. A Petrobras tender has sought two cargoes for delivery in June and two more shipments to arrive in July, according to the company.

Kuwait LNG progress

May 22 (LNGJ) - Korea Trade Insurance Corp. (K-Sure) said it would underwrite the construction of the proposed Kuwait onshore LNG import terminal to the tune of US$1.15 billion. The South Korean companies Hyundai Engineering and Korea Gas Corp. formed a consortium and secured the construction contract for the facility to be completed at the Gulf state’s Al-Zour industrial zone by 2020. Kuwait National Petroleum Co currently imports LNG via a floating facility at the port of Mina Al-Ahmadi, located south of Kuwait City.

LNG cargo deliveries

May 22 (LNGJ) - The 145,000 cubic metres capacity carrier “Arkat” is unloading a cargo on May 22 at the Taiwanese terminal at Yung-An from the Brunei export plant, according to shipping data. The 160,500 cubic metres capacity vessel “Sonangol Benguela” will deliver a shipment on June 9 to the Indian Dahej terminal, operated by Petronet LNG, from Angola LNG. The 161,880 cubic metres capacity vessel “BW Pavilion Leeara” is scheduled to unload a shipment on June 1 at the Bahia Blanca terminal in Argentina from the US Sabine Pass plant in Louisiana owned by Cheniere Energy. The 174,100 cubic metres capacity carrier “Cesi Gladstone” will deliver a shipment on June 1 to the Chinese Tianjin terminal, located east of Beijing and owned by Sinopec, from the Australia Pacific LNG plant in Queensland. The 141,000 Cubic metres capacity carrier “LNG Cross River” will unload a cargo on June 17 at the Montoir-de-Bretagne terminal on the French Atlantic Coast from the Nigerian export plant on Bonny Island.

Inpex changes CEO

May 21 (LNGJ) - Inpex Corp., the lead developer of the Ichthys LNG project in Australia, has named Takayuki Ueda as its new Chief Executive and President from June 26 and also made changes in other senior management posts. Ueda replaces incumbent CEO Toshiaki Kitamurato who takes the post of Chairman. Ueda, aged 62, had joined Inpex in April 2017 as an Executive Vice President after various roles at the Ministry of the Economy, Trade and Industry. The new CEO has law degrees from the University of Tokyo and the University of Washington in the US. Inpex added that among other changes Yoichi Iwata, general manager of planning at Ichthys LNG becomes Vice President of the Ichthys Project, while Hitoshi Okawa, deputy general manager of the Perth office in Western Australia, becomes a Vice President and Director of Corporate Coordination in Perth.

Asia cargo deliveries

May 21 (LNGJ) - The 261,700 cubic metres capacity Q-Flex carrier “Al Ghuwairiya” was unloading a cargo on May 21 at the Chinese Dalian import terminal, operated by PetroChina in the northeast Liaoning Province, from the Ras Laffan plant in Qatar. The 152,300 cubic metres capacity vessel “Seri Bagawan”, operated by MISC, will deliver a cargo on June 3 to the Beihai terminal, owned by Sinopec, from Gladstone in Queensland, eastern Australia. The 145,700 cubic metres capacity vessel “LNG Benue” will deliver cargo on June 4 to the Indian Hazira import terminal, owned by Shell India, from the Nigerian export plant on Bonny Island. The 210,100 cubic metres capacity carrier “Al Ghariya” is scheduled to deliver a Qatargas cargo on June 5 to the Chinese Shanwei terminal in southern Guangdong province.

UK shale-gas pledge

May 18 (LNGJ) - UK shale-gas developer IGas Energy said it welcomed the UK Government’s support and commitment to the industry as laid out in a written ministerial statement. “It reiterates that shale-gas development is of national importance,” said IGas. The government also plans to publish revised planning guidance soon for shale development that could eventually lessen the need for LNG imports. “We welcome the Government’s commitment to pursue safe, secure and affordable supplies of energy,” said Stephen Bowler, IGas Chief Executive. “We currently import 50 percent of our gas requirement at a significant financial cost to the UK taxpayer of over £13 million ($17M) a day,” he added.

US LNG shipments

May 18 (LNGJ) - US liquefied natural gas exports were steady in the past week as seven carriers with a combined capacity of 25.8 billion cubic feet departed between May 10 and May 16. The US Energy Information Administration said that six tankers left with shipments from the Sabine Pass liquefaction plant in Louisiana and one vessel carried a cargo from the Cove Point facility in Maryland. US natural gas prices were firm with the US benchmark Henry Hub spot price at between $2.72 per million British thermal units and $2.78 per MMBtu. The report said shale-gas prices on Dominion South pipeline in northwest Pennsylvania were last at $2.19 per MMBtu, while Tennessee Zone 4 Marcellus spot prices were under $1 per MMBtu after previously trading at $1.72 per MMBtu.

LNG cargoes for Asia

May 17 (LNGJ) - The 148,300 cubic metres capacity vessel “LNG Ondo” will deliver a shipment on May 19 to the Pakistani Port Qasim import facilities east of Karachi from the Nigerian export plant on Bonny Island, according to shipping data. The 210,000 cubic metres capacity Q-Flex carrier “Al Khattiya” will deliver a cargo on May 22 to Thailand’s Map Ta Phut import terminal from Ras Laffan in Qatar. The 160,400 cubic metres capacity carrier “Cubal” will unload a cargo on May 24 at the Indian Hazira terminal, owned by Shell India, from the Angola export plant at Soyo in southwest Africa. The 173,400 cubic metres capacity vessel “Ribera del Duero Knutsen” will deliver a shipment on May 28 to the Chinese terminal at Ningbo from the US Sabine Pass plant in Louisiana, owned by Cheniere Energy. The 216,000 cubic metres capacity Q-Flex carrier “Al Thumama” will unload a shipment from Qatargas on June 3 at the South Korean Pyeongtaek terminal.

EU emissions sale

May 16 (LNGJ) - Intercontinental Exchange (ICE), the leading US operator of global exchanges and clearing houses as well as a provider of data such as natural gas and energy and commodities price, said the emissions auction scheduled for May 16 of 4,593,500 EU Allowances (EUAs) held on behalf of the UK Government’s Department for Business, Energy & Industrial Strategy (BEIS) was cancelled as a result of the total volume of bids falling short of the volume of the allowances being auctioned. “The cancellation of the auction is in accordance with the requirements of the EU Auctioning Regulation and the allowances will be distributed over subsequent auctions as required by the Auctioning Regulation,” said a statement from ICE. “The auction calendar for EUAs will be revised and published in due course,” added ICE.

LNG cargoes for Europe

May 16 (LNGJ) - The 75,000 cubic metres capacity Med-class LNG carrier “Cheikh Bouamama” was unloading a shipment on May 16 at the Fos Cavaou terminal near Marseilles from the Skikda plant in Algeria, operated by Sonatrach. The 210,100 cubic metres capacity Q-Flex carrier “Al Ruwais” is scheduled to deliver a shipment on May 19 to the Montoir-de-Bretagne terminal in Western France from Ras Laffan in Qatar. The 140,000 cubic metres capacity vessel “Arctic Discoverer” will deliver a cargo on May 20 to the Dutch Gate terminal in Rotterdam from the Hammerfest plant in Norway, operated by Equinor (formerly Statoil). The 141,000 cubic metres capacity carrier “LNG Adamawa” will deliver a cargo on May 22 to the Huelva terminal in southwest Spain from the Bonny Island export plant in Nigeria. The 215,000 cubic metres capacity Q-Flex vessel “Al Utouriya” will unload a Qatargas shipment on May 24 at the Zeebrugge terminal in Belgium.

Exmar barge charter

May 15 (LNGJ) - Belgian LNG shipping line Exmar whose managed and owned fleet consists of three LNG carriers and 11 floating storage and regasification units (FSRUs) has signed a 10-year charter with international commodities company Gunvor for the provision of its newbuild FSRU barge for Bangladesh. Exmar said the barge was currently at Keppel Shipyard in Singapore undergoing modifications after having been delivered from the Wison Offshore and Marine shipyard in Nantong, China, in December 2017. “The FSRU barge is expected to arrive in Bangladesh in the fourth quarter of this year and start operations after its full commissioning,” said Exmar. “Gunvor is keen to support the development of new LNG markets by providing reliable and efficient LNG infrastructure solutions,” it added.

LNG fuel conversion

May 15 (LNGJ) - The Damen Ship Repair yard in the French Channel port of Dunkirk has begun the conversion of the dredger “Samuel de Champlain” from diesel-electric propulsion to dual-fuel capability combining LNG and marine gasoil. A new section of hull will be installed to hold the generators and other equipment. The “Samuel de Champlain” was built in 2002. It is based in the Grand Maritime Port of Nantes-Saint-Nazaire and operates in the Loire and Seine estuaries. The conversion is part of a European Commission-backed initiative with grants available to promote LNG propulsion in short-sea vessels operating along the European Atlantic coast.

Ophir-Kosmos project

May 14 (LNGJ) - Two LNG project stakeholders in West Africa, Ophir Energy of the UK and Kosmos Energy of Texas, will jointly develop an exploration and production licence offshore Equatorial Guinea. Ophir, a stakeholder in the Fortuna floating LNG venture with other companies offshore Equatorial Guinea, acquired its newest Block EG-24 exploration licence in nation’s 2017 bidding round. Kosmos, a joint venture partner with BP of the UK in two FLNG projects offshore Mauritania and Senegal, will acquire a 40 percent non-operated interest in Block EG-24 from Ophir. The deal includes Kosmos paying for the cost of a block-wide 3D seismic survey during the first exploration period of the licence. It will also partially carry Ophir for the cost of a well if one is drilled. “Kosmos is a logical partner for us in EG-24 as its team have considerable prior experience of the Rio Muni Basin,” said Nick Cooper, Ophir Chief Executive.

Statoil is Equinor May 16

May 14 (LNGJ) - Statoil, the Norwegian energy company and operator of Europe’s only major LNG production plant at Hammerfest, will change its name from May 16 to Equinor. The new name will be proposed to a meeting of shareholders on May 15. The Norwegian government, as the majority shareholder, supports the proposal and will vote in favour of the resolution. This means that May 15 will be the last day of Statoil trading on the Oslo stock exchange under the ticker “STL”. From May 16 the company will trade under the new ticker “EQNR”, which will also be the ticker name of the company’s American Deposit Rights traded on the New York Stock Exchange. The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium and “nor” for its Norwegian origin.

Korean LNG switch

May 14 (LNGJ) - South Korea has eased its dependence on the Middle East and Asia for imports of liquefied natural gas as it increased purchases from the United States and Australia, including contract and spot shipments. South Korea, the world’s third-largest LNG importer after Japan and China, has been widening its LNG portfolio with security of supply a key issue. According to data from the International Energy Agency, LNG exports by the members of the Organization for Economic Cooperation and Development rose 39 percent year-on-year to 100.6 billion cubic metres. US exports rose as the Sabine Pass plant in Louisiana brought more capacity on stream and Korea was a main buyer. Australian shipments rose 27 percent and Korea Gas Corp. received its share of cargoes from the Gladstone plant in Queensland.

US LNG shipments

May 11 (LNGJ) - US LNG exports rose in the past week to May 9 as six LNG carriers with a combined capacity of 21 billion cubic feet departed, four tankers from the Sabine Pass facility in Louisiana and two vessels from Cove Point in Maryland. Two other shipments were also set to leave from Sabine Pass and Cove Point as a cargo was being lifted from each facility through May 10. The US Energy Information Administration said spot natural gas was trading lower at most points with the US benchmark Henry Hub at around $2.72 per million British thermal units. Prices at the Algonquin Citygate for Boston were last at $2.27 per MMBtu and at the Southern California Citygate prices dropped 50 cents to $3.12 per MMBtu. Shale-gas prices were also lower at $2.20 per MMBtu at the Dominion North point where the EIA noted a widening of the discount in prices between the Appalachian Basin and the Henry Hub.

Egyptian gas ramp-up

May 10 (LNGJ) - Italian energy company Eni said it started the third production unit of the Zohr natural gas production project in the East Mediterranean offshore Egypt that is leading to a halt in Egyptian LNG imports and a future restart of exports. Eni and its joint venture partner, Egyptian Natural Gas Holding Company, said the third unit takes installed capacity to 1.2 billion cubic feet per day just one week after the second unit’s successful power-up. “The latest achievement reinforces the exceptional development path of Zohr, one of Eni’s seven record-breaking projects, which is playing a fundamental role in supporting Egypt’s independence from LNG imports,” said Eni.

Bahrain LNG contract

May 9 (LNGJ) - Smit Lamnalco, the Dutch tug and towage company. said it was selected by the National Oil and Gas Authority of Bahrain to provide marine services to the planned Bahrain LNG Floating Storage Unit. The company said its contract was for 20 years. Smit Lamnalco will deploy four LNG terminal-compliant tugs to provide escort, berthing and un-berthing of LNG carriers at the Bahrain import terminal to be located offshore about five kilometres east of Khalifa Bin Salman port. The Bahrain project is aimed at supplementing natural gas production in the Gulf kingdom and ensuring capacity to meet peak-season demand and industrial growth.

Industry indicator

May 9 (LNGJ) - TGS, the Norwegian-based global supplier of geoscience data for the natural gas and oil exploration and production industry, said it took advantage of improved first-quarter market conditions to report net revenues of $135 million, up 56 percent on the same period last year. “TGS's performance in the past two quarters, driven by strong late sales across all regions, indicates that there has been an improvement in the underlying fundamentals of the global market for seismic data,” said Chief Executive Kristian Johansen. The net book value of the TGS multi-client library was $749.7M as of the end of March, it said. Recent surveys have included offshore Brazil and the Egyptian Red Sea, the US onshore Permian Basin and the Canadian Montney shale-gas formation.

Cargo for UK May 12

May 9 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Aamira” will unload a cargo on May 12 at the UK Milford Haven import terminal in Wales from the Ras Laffan plant in Qatar, according to the port authorities. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.20 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 $7.15 per MMBtu.

Nova Scotia accord

May 8 (LNGJ) - Nova Scotia LNG export plant developer Pieridae Energy said it signed an accord to negotiate a binding liquefied natural gas sale and purchase agreement (SPA) to supply cargoes to Europe from the second liquefaction Train at its proposed Goldboro liquefaction facility in the Canadian Atlantic Coast province. The Pieridae-led Nova Scotia project previously signed a supply agreement with German utility Uniper. Under the preliminary accord with another potential buyer, Pieridae said it involved up to 1 million tonnes per annum for 10 years starting in 2023. “After having contracted the entire output from Train 1 with Uniper, this agreement moves Pieridae another step closer to the final investment decision on Train 2, which would bring much-needed jobs and other economic benefits to Nova Scotia and Canada,” said Alfred Sorensen Chief Executive of Pieridae.

US LNG exports steady

May 4 (LNGJ) - US LNG export levels were steady at the two plants in operation, Sabine Pass in Louisiana and Cove Point in Maryland. Five LNG carriers with a combined capacity of 17.8 billion cubic feet departed from the Sabine Pass plant in the week through May 2 while two other vessels with capacity of 7.1 Bcf were lifting cargoes. One carrier with 3.5 Bcf of capacity was loading at the Dominion Energy Cove Point terminal on Chesapeake Bay. At the same time natural gas pipeline exports to Mexico increased 2 percent and spot LNG prices were lower across most of the country, according to the Energy Information Administration’s weekly report. The benchmark Henry Hub spot price was last at $2.73 per million British thermal units. The report showed that shale-gas prices were at $2.20 per MMBtu on the Dominion South pipeline in Pennsylvania.

Santos-Ophir sale deal

May 3 (LNGJ) - Australian Asia-Pacific LNG stakeholder Santos has sold its non-core Asian exploration and production portfolio for US$221 million to UK company Ophir Energy. Ophir itself is involved in the LNG business through the Fortuna floating joint venture planned for offshore Equatorial Guinea. “The sale is consistent with Santos’s strategy to realise value from its late-life non-core assets and will result in Santos making country exits from Vietnam, Indonesia, Malaysia and Bangladesh,” said the Australian company. Santos Chief Executive Kevin Gallagher said of the transaction: “The sale of the Asian assets further delivers on our undertaking to simplify our business and focus on our five core long-life natural gas (LNG) assets in Australia and Papua New Guinea.”