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Jera Co. Inc., the largest Japanese liquefied natural gas importer with around 40 million tonnes per annum of requirements, said it was still replacing ageing oil-fired thermal power plants in Japan with coal-fired units instead of gas for economic reasons.
Australian liquefied natural gas LNG stakeholder Santos said the first feed-gas had been produced from the third and final well of the Bayu Undan gas and condensate field offshore northwest Australia for the Darwin LNG plant operated by ConocoPhillips.
The Canadian Woodfibre LNG project proposed for the district of Squamish in British Columbia has reached final agreement with the Squamish First Nation, giving the native people benefits of more than C$225 million (US$170M) in cash over the planned 40 years of operations.
Natural gas production in Mexico has fallen 38 percent in six years because of declining reserves and limited exploration and production activities by state energy company Petroleos Mexicanos, leading to an increased reliance on US LNG and gas pipeline imports.
Thailand’s state energy company PTT Exploration and Production said that the Mozambique LNG export project it is a part of is progressing well towards a final investment decision in the first half of 2019 as the joint venture partners sold more volumes.
Singapore LNG cargo indices dropped under US$9.00 per million British thermal units for December as the price of shipments through January and February 2019 also fell, with downward pressure coming from the oil price plunge to under $60 per barrel.
Global commodities companies are continuing to increase their volumes of liquefied natural gas trading volumes from international oil and gas companies and state-owned energy firms.
Hoegh LNG, the Norwegian fleet owner, posted a rise in third-quarter net income and higher revenues from new floating storage and regasification unit (FSRU) charters, while it was in the final round of tenders for four other projects.
US LNG cargoes were being shipped to the UK to take advantage of higher seasonal prices as US natural gas futures and spot prices also stayed high as weather reports were for colder medium-range temperatures.