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The Chinese Hudong-Zhonghua shipyard in Shanghai has held a naming ceremony for the second of four LNG vessels scheduled to ship volumes from the Royal Dutch Shell-owned Queensland Curtis coal-seam-gas-to-LNG plant in eastern Australia to terminals in China.
Japanese government figures show that average spot liquefied natural gas cargo prices for Northeast Asia in December rose by $2.20 per million British thermal units to $10.20 per MMBtu compared with the same month a year ago.
Abu Dhabi, a long-standing LNG producer and exporter, has awarded the two front-end engineering and design contracts for its planned offshore sour gas mega-project, consisting of the Hail, Ghasha and Dalma fields.
Sri Lanka is drawing up a schedule for an LNG import project at the port of Kerawalapitiya on the west coast of the island nation comprising a floating storage and regasification unit (FSRU) and associated infrastructure.
China’s natural gas pipeline and LNG imports amounted to 7.89 million tonnes last month, about 20 percent above November’s previous record of 6.55MT as cold weather persisted and gas replaced some coal use as part of government measures to reduce air pollution in Beijing and surrounding cities.
The UK Port Authority in Milford Haven in Wales said the LNG carrier “Christophe de Margerie” is scheduled to deliver a cargo from Russia on January 19 to the Dragon import facility owned by Royal Dutch Shell and Malaysian energy company Petronas.
Only three LNG cargoes departed from the Sabine Pass export plant in Louisiana compared with the normal five or six while US domestic demand dropped across nearly all sectors as temperatures moderated from the previous week’s freezing weather when net withdrawals from storage hit a new record.
The Baltic Exchange in London, one of UK’s oldest financial institutions and now part of the Singapore Exchange (SGX) group, has formed a panel to help develop a new liquefied natural gas index comprising several routes for the evolving LNG shipping market.
Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, boosted supplies by 8 percent last year, sending a record 117.4 billion cubic metres of gas through the pipeline system from the Norwegian Continental Shelf to mainland Europe and the UK.
China’s winter plan to boost LNG and natural gas use and to hasten the move away from coal burning that causes air pollution has already exposed fault lines in the Chinese distribution system in terms of storage, pipelines and a lack of market pricing.