Spot charter rates up
Shipping charter rates for LNG carriers in the spot market increased over the past week by a further $20,000 per day. Rates were quoted at an average of between $100,000 per day and $110,000 per day West of Suez. The same levels of spot rates were also talked about for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.
‘Carbon neutral’ LNG
French energy major Total said it delivered its first shipment of “carbon neutral” liquefied natural gas with the recipient being the China National Offshore Oil Corp. The loading operation was carried out at the Ichthys liquefaction plant near Darwin in Northern Australia, and where Total is a shareholder in the plant run by Japan’s Inpex Corp. Total said the shipment was delivered on September 29 to the Dapeng terminal in the southern Chinese province of Guangdong. Royal Dutch Shell delivered the first such LNG cargoes with offsets against nature programmes like forestry.
UK-China LNG deal
Centrica, the UK utility and LNG market participant, has agreed to sell LNG to China under a long-term contract. The binding 15-year Sales and Purchase Agreement is for 500,000 tonnes per annum of supplies to the Shenergy Group. Deliveries are expected to start in 2024.