In this issue

 

US and European markets face a further “bull run” in natural gas prices. According to Energy Aspects, markets have “nearly maximized their gas-to-coal switching potential,” and considering low storage inventories and…
Fourth-quarter spot gas prices at the US gas trading benchmark Henry Hub will average $4.00 per million British thermal units (MMBtu), or above — a 16% rise from levels forecast in…
Free ReadRoyal Dutch Shell, whose LNG sales tops 60 million tonnes per annum (mtpa), has agreed to divest its interests in the US Permian Basin to ConocoPhillips for $9.5 billion in…
New Fortress Energy (NFE) has chartered the floating storage and regasification unit (FRSU) ‘Höegh Gallant’ from New York-listed Höegh LNG Partners for a period of 10 years from the fourth…
Trinidad and Tobago, the Caribbean nation shipping cargoes from the Atlantic LNG facility at Point Fortin in Trinidad, will have access to more natural gas after UK major BP brought…
Liquefaction demand at US terminals will stay strong through end-October, given that Henry Hub gas prices for the winter strip (November-March 2022) are approaching $5 per million British thermal unit…
Free ReadDespite rising prices for the six US liquefaction and export plants, China and Brazil remain the top destinations for US LNG shipments. Data from the Department of Energy (DoE) shows 97…
The Peru LNG export plant at Pampa Melchorita on the Pacific Coast had just re-started shipping cargoes in September after a two-and-a-half month shutdown for technical issues. Now, it has…
Japan’s largest utility JERA, along with Mitsui and partners, has agreed to sell its entire stake in the Mexican power plant operator MT Falcon Holdings to the British investment fund…
Free ReadVenture Global’s Calcasieu Pass LNG export project has filed its monthly construction report to regulators showing sub-stantial progress as the facility aims to be the next large US LNG export…
Commonwealth LNG, the export venture proposed for Cameron Parish in the US Gulf Coast state of Louisiana, has been informed by the Federal Energy Regulatory Commission of the launch of…
Thursday, 07 October 2021
• August-September exports at 11.83mmt • Up 0.21mmt (2pct) over June-July period • Shipments up 6.74mmt (132pct) over period year-on-year • Avg. US capacity utilisation at 94pct for report period
Thursday, 07 October 2021
Free ReadPeriod between 01 August and 30 September 2021, inclusively. Elba Island LNG Elba Island LNG exported five cargoes amounting to 0.29mmt in August and September, broadly steady in volume terms…
Commissioning is underway for Nord Stream 2 and once the pipeline starts up in late August, or early September, cheap Russian gas supply will likely reduce US LNG exports to…

News Nudges

Charter rates rise

Shipping spot charter rates for LNG carriers soared in the West of Suez market with rates rising by up to $18,500 per day to be between $82,000 per day and $78,000 per day for vessels of 155,000-165,000 cubic metres capacity. East of Suez spot charter rates showed a more moderate increase of $1,500 per day to be quoted by shipbrokers at between $64,000 per day and $60,000 per day. One-year charter rates for the most modern vessels were unchanged at about $93,000 per day.


US LNG for UK

The 145,000 cubic metres liquefied natural carrier “Methane Lydon Volney” was discharging a US cargo on September 29 at the Isle of Grain import terminal on the Medway-Thames estuary, southeast of London. The vessel carrying a cargo lifted from the Sabine Pass plant in Louisiana docked after the UK National Balancing Point benchmark natural gas price hit a seasonal record on September 28.


Fatih Birol on Time 100 list

The Executive Director of the International Energy Agency (IEA), Fatih Birol has been named as one of the 100 most influential people by Time Magazine in its annual list. “In a world where facts are assaulted, Fatih Birol combines the best of high-tech data, optimistic know-how and old-school rhetorical finesse,” US Special Presidential Envoy for Climate John Kerry commented, suggesting the IEA head would use his authority to “slash carbon emissions and save our planet.”