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Thursday, 12 July 2018
The Baltic Exchange in London, one of UK’s oldest financial institutions and now part of the Singapore Exchange (SGX) group, has launched trials of its new liquefied natural gas freight index that will eventually comprise several routes for the evolving LNG shipping market.
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Thursday, 12 July 2018
Nigeria LNG, the company that runs the West African nation’s six liquefaction Trains at Bonny Island on the Niger delta, has taken the first steps towards constructing a seventh Train after years of delay by awarding engineering contracts and planning to raise $7 billion from the global financial markets.
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Wednesday, 11 July 2018
The Asia premium is returning to the LNG market. While the US Henry Hub benchmark natural gas price has remained in the $2.80 million British thermal units range and the UK National Balancing Point at $7-plus per MMBtu, the spot LNG price for Northeast Asia has been heading upwards.
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Wednesday, 11 July 2018
Japanese energy company Inpex Corp. has acknowledged another delay in the export of the first cargo from the Australian Ichthys LNG export plant near Darwin, now envisaged for October after delays caused by electrical faults on an offshore platform.
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Wednesday, 11 July 2018
Galveston Bay LNG, a project planned by Houston-based company NextDecade, has been authorized by the US Department of Energy to export up to 785.5 billion cubic feet per annum, the equivalent of 16.5 million tonnes of LNG, from its proposed liquefaction facility in Texas City.
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Wednesday, 11 July 2018
CME Group, the US energy and commodities derivatives market leader comprising the York Mercantile Exchange and related platforms, has reached an agreement with Cheniere Energy to develop an LNG futures contract based on physical delivery to Cheniere's Sabine Pass liquefaction and export plant on the Gulf Coast of Louisiana.
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Wednesday, 11 July 2018
IM Skaugen, the Norway-based operator of multi-gas carriers, has scheduled its annual shareholder meeting for Oslo on July 31 after achieving a form of bankruptcy protection from a court in Singapore as it plans to become a participant in the small-scale LNG market.
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Tuesday, 10 July 2018
The surge in liquefied natural gas spot prices in the past year is shown in the latest Japanese government data, with contracted shipments valued at $9.30 per million British thermal units compared with $5.70 per MMBtu a year ago.
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Tuesday, 10 July 2018
Pertamina, the Indonesia state energy company, said it would not be going ahead with on onshore LNG regasification terminal project backed by Japan and planned for Bojonegara in Western Java.
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Tuesday, 10 July 2018
The US state of New Mexico is on track to set record revenues from the online sale of tracts of land with oil and natural gas leases for the Permian Basin resources on its territory.
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