North Sea Brent oil prices, seen as underpinning long-term LNG contracts, hit $70.16 per barrel on the London-based InterContinental Exchange (ICE) futures platform, as US crude oil also closed at its highest since December 2014 amid concern in the market about American stockpiles contributing to a global tightening.
Alaska Gasline Development Corp., the state body charged with the planning and construction of the Alaska LNG export project, said it had submitted its final responses to post-application data requests made by the US Federal Energy Regulatory Commission regarding the venture that has attracted huge interest from Asian buyers.
Indian liquefied natural gas imports jumped in December as the total of deliveries for the fiscal year to date also increased along with prices and domestic natural gas output.
The Atlantic Port of Bordeaux in Southwest France, which is spread over 100 kilometres of the Gironde River estuary, the largest estuary in Europe, has ordered an LNG-powered dredger from a French shipyard to work on the navigation channels.
Chinese LNG imports in December rose by 34.8 percent to a monthly record of 5.03 million tonnes compared with the 3.73MT logged in December 2016, according to data from the General Administration of Customs.
Singapore LNG cargo indexes for March were in the solid US$9.90 per million British thermal units to US$10.337 per MMBtu range before declining in April for spot market cargoes as well as North East Asia and for Dubai-Kuwait-India shipments.
The US Federal Energy Regulatory Commission has approved the PennEast pipeline and issued its permits, saying there was a clear need for the infrastructure and that it could be operated safely and with minimal impact on the environment.
A Swedish ferry line that runs state-subsidised domestic ferries from the ports of Nynashamn and Oskarshamn to Visby on the island of Gotland has signed an LNG supply agreement with Hamburg, Germany-based Nauticor, part of the Linde Group.
Venice LNG, a company formed by Italian industrial groups Decal SpA and San Marco Petroli, said they were advancing with plans to construct a coastal storage tank for liquefied natural gas in the industrial area of Porto Marghera.
Malaysian energy company Petronas said LNG shipments from its Bintulu plant in Sarawak were unaffected by a gas explosion on the Sabah-Sarawak Gas Pipeline and customers would continue to be supplied.