US liquefied natural gas shipments were steady in the past week with five cargoes departing the Sabine Pass plant in Louisiana, while the Cove Point facility in Maryland formally started commercial operations as US domestic demand rose along with pipeline exports to Mexico.
AET Inc., the petroleum logistics unit of Malaysian International Shipping Corp. with an operational fleet of 94 vessels, has signed a charter deal with Shell International Trading and Shipping Co. for the long-term charter of AET's two newbuild LNG dual-fuelled Aframax tankers.
ExxonMobil Corp., operator of the Papua New Guinea LNG export plant, said production has partially resumed ahead of schedule following a temporary shutdown of operations when associated infrastructure was damaged in the February 26 earthquake.
The Singapore LNG cargo indices have mostly moved back above the US$7.000 per million British thermal units mark for all windows from the second half of May through to the end of June, led by the prices for North Asia and Dubai-Kuwait-India shipments.
The rise of crude oil prices back above $70 per barrel because of Middle East tensions will have an impact over the next few months in the pricing of oil-linked LNG supply contracts and investment decisions, as well as on the future path of energy markets and supplies.
ExxonMobil Corp., operator of the Papua New Guinea liquefied natural gas export plant near Port Moresby, has announced a more than 80 percent increase in estimated reserves in a key natural gas field underpinning the LNG expansion in the Oceania nation and said it would have a lasting economic impact…
China National Offshore Oil Corp (CNOOC), the oil and gas company and LNG terminal owner, said it planned to conduct a liquefied natural gas cargo auction on April 18 on the Shanghai Petroleum and Gas Exchange as the region still awaits the emergence of a single benchmark price.
Mexico said that was developing a set of privately-owned pipelines and other natural gas projects, including a floating LNG import facility, as part of a historic build-out of the nation’s gas infrastructure.
Greek shipping company Arista and its partners are planning to place an order in China for 20 bulk carriers to be powered by LNG as part of a joint development programme also involving companies such as Royal Dutch Shell and the American Bureau of Shipping.
Fluxys, the Belgian energy and natural gas pipeline company as well as owner of the Zeebrugge liquefied natural gas import terminal, has taken over the LNG bunkering concession in the port of Antwerp in Belgium.