In this issue

 

Freight rates for shipping US LNG to Asia will fall once the Panama Canal congestion eases in early February 2021. However, analysts expect Northeast Asia’s call on US supply will…
Former Alaska Governor Bill Walker and the ex-head of the state-backed Alaska Gasline Development Corp. (AGDC) and its LNG project, Keith Meyer, have set up a company and offered to…
Sempra Energy affiliate, ECA Liquefaction, together with Total have agreed a five-year loan with a variety of banks for up to $1.5805 billion to underpin Costa Azul LNG export project…
Free ReadThough US President Joe Biden is determined to “radically alter American energy policy” and pledged a ban on new leasing, the controversy with Germany over Nord Stream 2 is unlikely…
Mexico’s Epclion LNG project, owned by Singaporean investors, has been authorized to import pipeline gas to Mexico and re-export it as LNG to nations without a Free Trade Agreement with…
The US Department of Energy (DoE) has extended the terms of seven long-term LNG export authorizations through 2050 to help preserve what it said was “a vital energy source for…
Free ReadThe US Department of Energy (DoE) has issued a rule to exclude some licensing and environmental requirements for liquefied natural gas export projects that had previously been required in a…
Nine shale gas producers in the US Appalachian Basin have spent half a billion dollars more during Q3-2020 on drilling and new projects than they earned. According to the Institute…
Cheniere Energy, the largest US LNG exporter, has told regulators that its Sabine Pass Train 6 project was now more than 44 percent complete as Bechtel is forging ahead with…
Pembina Pipeline Corp., the Canadian infrastructure company, said there was still uncertainty surrounding the future of its Jordan Cove LNG export project in the northwest US state of Oregon as…
Free ReadEnbridge Inc., the Canadian TSO whose gas pipelines connect supply basins and LNG export plants and cities, has filed a federal complaint accusing Michigan Democratic Party Governor Gretchen Whitmer of…
Striving to boost spot market flexibility, the US Department of Energy (DoE) has removed the requirement for long-term LNG export authorization holders to seek separate short-term permits to export volumes.…
The US Department of Energy (DoE) has extended the terms of five long-term liquefied natural gas export authorizations through 2050 for plants in Louisiana, Texas, Georgia and Florida. The ruling…
Thursday, 14 January 2021
Free ReadOctober-December exports at 15.76mmt on 31st December - Exports more than doubled over July-September period - Total shipments up 35pct over three-month period last year - Avg. US capacity utilisation at 88pct…

News Nudges

US LNG permit

The US Federal Energy Regulatory Commission said Trans-Foreland Pipeline Co. a subsidiary of Marathon Petroleum Corp, has permission to convert the former small-scale Kenai LNG export plant into an import terminal. The FERC permit gives Trans-Foreland two years to put the proposed facility into service. Trans-Foreland plans to import around four LNG shipments per annum for use in the adjacent Kenai Refinery.


Charter rates firm

Shipping charter rates for LNG carriers in the spot market were firm as Northern Hemisphere winter market demand increased. Rates were quoted at an average of between $158,000 per day and $162,0000 per day West of Suez. Spot rates of $148,000 to 152,000 were heard for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters were also little changed for the most modern vessels and were available for around $47,000 per day.