The Japanese Ministry of Economy, Trade and Industry (METI) has opened its seventh LNG Producer-Consumer Conference in the city of Nagoya, marked by Japan initiating more cooperation with the US in the past year on LNG projects in Southeast Asia.
Indian LNG imports rose 3.2 percent in September, the seventh straight month of increases as shipments were received from nations such as Qatar, Angola and Nigeria, while the costs of the cargoes also continued to rise for the Asian nation and amounted to about $800 million last month.
China Petroleum and Chemical Corp., also known as Sinopec, is in talks to buy more liquefied natural gas from Papua New Guinea from existing production and from plans by the Oceania nation to more than double its output to over 20 million tonnes per annum.
Singapore LNG cargo indices, including North Asia and Dubai-Kuwait-India shipments, were steady for deliveries through December as January cargo quotes made an appearance at a high of $11.500 per MMBtu as the oil market retreated under $80 per barrel.
Chart Industries, the US-based global manufacturer of engineered equipment for the LNG, industrial gas and energy industries reported solid third-quarter results and said it expected more LNG project orders through 2019 as developers moved to its products.
Japanese liquefied natural gas imports in September increased by 7.8 percent as shipments from the Middle East, Russia, the US and the spot market all rose as the nation’s monthly LNG costs also jumped more than 42 percent year-on-year on higher prices and volumes.
Woodside Petroleum, the operator of two LNG export plants in Western Australia, posted a 26 percent rise in third-quarter LNG revenue of US$881 million compared with US$697M in the same three months of 2017 as it benefited from higher prices and its stake in the new Wheatstone liquefaction and export…
Santos of Australia, a stakeholder in three liquefied natural gas export plants, posted record quarterly LNG sales revenue as its average LNG price soared to US$10.43 per million British thermal units compared with US$7.50 in the same three months of 2017.
Italian energy company Eni said it signed a contract in Mozambique to explore a new offshore block in the Northern Zambezi Basin after its successes in the Area 4 block of the Rovuma Basin from where it is currently developing onshore and floating liquefied natural gas projects.
Steelhead LNG, the Canadian project developer, said its Kwispaa floating export venture proposed for Sarita Bay at Vancouver Island has filed for regulatory permits from the provincial British Columbia government and the federal authorities in Ottawa.