In this issue

 

Sempra-led Cameron LNG export plant is suffering some technical problems though said it was managing to stick to its cargo shipping schedule. The facility at Hackberry was rumored to have…
Cargoes of US LNG will head from Calcasieu Shipping Channel, near Lake Charles in Southwest Louisiana, all the way to Bac Lieu in Vietnam’s Mekong Delta. There, the European-led Delta…
MISC Berhad, the Malaysian shipping line with an LNG fleet of more than 30 vessels, has agreed with Nippon Yusen Kabushiki Kaisha (NYK) and Mitsubishi Corp to co-own two new-build…
Free ReadTit-for-tat trade tariffs keep escalating the Sino-U.S. trade war and threaten to delay the second wave of American LNG export projects. Tellurian and other developers are expected to delay final…
Natural gas deliveries to U.S. LNG export plants set a monthly record in July, although gas use for power generation spiked to 44.5 billion cubic feet (Bcf) on July 19.…
The U.S. fracking sector “disappoints yet again” is the bleak verdict of IEEFA’s second quarter earnings review of oil and gas companies. Only 11 of the 29 scrutinized companies achieved…
In the Permian, the gas-to-oil ratio keeps rising at mature shale plays. The mismatch between surging gas production and constrained takeaway pipelines has pushed down gas prices into negative territory,…
Free ReadShale gas is now dominating the overall gas production in the United States and is forecast to reach an average 91.3 Bcf/d in 2019, up 8.0 Bcf/d from the previous…
Monday, 02 September 2019
Venture Global LNG has confirmed the closing of the project financing for its Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana. The proceeds of the debt…
Monday, 02 September 2019
Developers of Commonwealth LNG have filed a formal application with U.S. regulators for a permit to build an 8.4 million tonnes per year export terminal and affiliated feedgas pipeline interconnect…
Free ReadWith Europe’s gas demand forecast to surge nearly 30% to 400 Bcm by 2035, Russia is eager to grow its market share. Eager to top rival suppliers, Gazprom is seen…
Brazilian infrastructure company Prumo Logistica is gearing up to start construction of its second gas power plant at the Port of Acu in Rio de Janeiro state before the end…
Jamaica’s Prime Minister Andrew Holness has confirmed the country is on track to generate half of its electricity from imported natural gas and renewables. The recent commissioning of New Fortress…
Capex-intensive Alaska LNG has been given another life-line, with supermajors ExxonMobil and BP committing to spend a further $20 million to help advance the $43 billion Alaska LNG project. Critics…

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.