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Japanese government figures show that the delivered price of spot liquefied natural gas shipments arriving in Japan was higher than a year ago at an average $7.70 per million British thermal units in March compared with $6.80 per MMBtu in March 2016.
Australia LNG and energy company Santos, with stakes in three Asia-Pacific LNG plants, has alleviated concerns about its finances by making an early US$250 million repayment on a US$1.2 billion export credit agency loan ahead of schedule and changing the terms of other credit facilities.
Norwegian company Global LNG Services (GLS), a developer of floating liquefaction hulls, said it planned to work with Siemens of Germany and Sembcorp Marine of Singapore on projects, including one on the US Gulf Coast.
Sonatrach, Algeria’s state energy company, and France’s Total have signed a comprehensive agreement and announced “the amicable settlement of outstanding differences” between the two companies as the Algerians seek to end their underperformance in the liquefied natural gas sector and in pipeline gas as well.
Chinese shipbuilder Wison Offshore and Marine said it had developed a multi-functional carrier named the “Wison LNG Distributor” with the integrated functions to unload at terminals, carry out bunkering and deliver containers, all aimed at the regional distribution market.
The scale of a projected increase in Chinese natural gas consumption in the next five years will be enormous and China will be responsible for the expected jump in LNG demand rather than new importing nations or the fuel market.
The Canadian LNG export project backed by Indonesian billionaire Sukanto Tanoto and his Pacific Oil and Gas company has been granted an extended 40-year export licence to ship cargoes to Asia.
The latest round of negotiations on a Free Trade Agreement between Japan, China and South Korea have opened in Tokyo and will last until April 13, with the nations seeking progress on energy issues in particular after recent breakthroughs on liquefied natural gas cooperation.
Linde Group said its US subsidiary has teamed up with Prometheus Energy Group to supply equipment for LNG operations to help US northeast utilities maintain sufficient gas line pressure in local networks.
The world’s first purpose-built liquefied natural gas bunkering vessel, the “Engie Zeebrugge”, has completed its first loading operation at the Belgian port and import terminal of Zeebrugge as it prepares to play its part in the growing LNG fuel market for shipping.