In this issue

 

Sky-high European gas demand has caused US LNG exporters to divert cargoes – initially sold to Asian buyers – to northeast Europe. With the start-up of Nord Stream 2 held up…
Fitch Ratings warns of a “highly uncertain” situation in global oil and gas markets as the fast spread of the Omicron variant could result in renewed lockdowns, travel restrictions and…
Free ReadUnphased by record high gas prices and a looming supply shortage, the German regulator BNetzA has halted the approval process of Nord Stream 2 – the controversial Russian interconnector through…
Japan’s largest power plant operator JERA has bought a 25.7% stake in the US liquefaction terminal Freeport LNG together with Global Infrastructure Partners. The deal broadens JERA's gas supply sources…
Siemens Energy has secured a turnkey contract to build GNA II, a 1.7 GW integrated LNG-to-Power plant at Port of Açu, in the Brazilian state of Rio de Janeiro. Customer…
NextDecade, the US developer of the Rio Grande LNG export project along the Brownsville Ship Channel, has confirmed that a final investment decision for the venture would again be delayed,…
Free ReadVegas-based Southwest Gas Holdings is rejecting continued attempts by activist investor Carl Icahn to buy up outstanding stock for $75 per share, calling the move opportunistic and not in the best…
US LNG exports are forecast to be almost 85 percent higher in 2023 than they were in 2020 as nation’s natural gas production increases. “We estimate that US LNG exports…
Coal has staged a surprise return in the global power gen market in the face of sky-high LNG prices, but this phenomenon will be short-lived, the International Energy Agency (IEA)…
Thursday, 13 January 2022
• November-December exports at 13.49mmt • Up 1.27mmt (10pct) over September-October period • Shipments up 1.70mmt (14pct) over period year-on-year • Avg. US capacity utilisation at 107pct for report period
Thursday, 13 January 2022
Free ReadPeriod between 01 November 2021 and 31 December 2021, inclusively. Elba Island LNG Elba Island LNG exported five cargoes amounting to 0.29mmt in August and September, broadly steady in volume…
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…

News Nudges

US LNG for UK

UK natural gas prices have declined from record levels, though are still substantial compared with previous years at around $23.00 per million British thermal units and are attracting US shipments. A cargo is scheduled to arrive on January 11 at the UK South Hook terminal at Milford Haven on board the 160,000 cubic metres capacity carrier “Cool Voyager”. The vessel lifted the cargo on December 24 at the Freeport plant on Quintana Island in Texas.


Peru LNG for Korea

Peru LNG exported two late-December LNG cargoes to South Korea at the Japan-Korea Marker price for North Asian spot shipments, quoted at $37.265 per million British thermal units, according to national energy company PeruPetro. The car-goes were lifted from the Pampa Melchorita plant on the Peruvian Pacific Coast by the 159,800 cubic metres capacity carrier “Maran Gas Efessos” and the 173,400 cubic metres capacity vessel “Maran Gas Amphipolis”, the company added.


Chart wins $120m in liquefaction orders

Chart Industries has been awarded four liquefaction project orders – worth $120 million – from four different customers. The deals include ‘limited notice to proceed’ on two of the “Big LNG” export plant projects which are likely to take FID in 2022. Highlights of the four liquefaction project awards include a 15-ton hydrogen liquefier which will be built in North America with a new hydrogen liquefaction customer and a 60,000-ton BioLNG liquefaction train and associated equipment.