In this issue

 

The latest U.S. Government Short-Term Energy Outlook (STEO) anticipates natural gas production will grow much less in 2020 because of the lag between changes in price and changes in future…
Asia's hunger for natural gas and electricity is likely to increase over the coming five years, the International Energy Agency (IEA) says, forecasting annual growth rates of over 4% in…
Free ReadThe International Energy Agency says the massive expansion of natural gas production is having wide-ranging effects on the global liquefied natural gas balance by underpinning major investments in new liquefaction…
Efforts to develop Vaca Muerta, Argentina’s vast shale reserves in northern Patagonia, have slowed as national energy companies await direction from the incoming President. Alberto Fernández, who took office on…
US LNG exports received a regulatory boost when Cheniere Energy Corpus Christi expansion was approved in mid-November along with three other development projects in Texas proposed by NextDecade Corp., Texas…
Free ReadDefending Golar LNG’s new strategy to spin off shipping operations, chairman Olav Troim said “significant progress” has been made on downstream LNG distribution for power generation and as a transportation…
Chart Industries has installed and commissioned Europe’s largest LNG fuelling station near the northern German city of Bakum. Using cleaner-burning LNG as a transport fuel will help reduce sector emissions…
Fast adoption of floating LNG technology across Asia is opening up new gas markets in Indonesia, Malaysia, Singapore and the Philippines. According to Black & Veatch, gas-fired power projects are…
US equity fund Kohlberg Kravis Roberts (KKR), alongside Alberta Investment, has sealed a deal to purchase a 65 percent equity interest in the Coastal GasLink Pipeline. Spanning over 416 miles,…
Free ReadFreeport LNG in mid-December shipped its first cargo from the second liquefaction Train at the export facility on Quintana Island in Texas. The cargo was apparently lifted by the 138,000…
American oil and gas producers are shying away from building major pipelines in the Appalachian Shale as production has slowed down in the current low-price environment. “No exit pipelines will…
A flurry of pipeline projects has been proposed throughout the United States. The U.S. government counts 134 active projects but only 46 entered service this year, adding 16-17 billion cubic…
Petronet, the operator of India’s Dahei and Kochi LNG import terminals, has managed to push down the price for LNG cargoes from North America. Houston-based Tellurian Inc agreed to deliver…
Free ReadAtlantic basin LNG producers, notably at the US Gulf Coast, can achieve a better netback value at the Spanish Virtual Balancing Point (PVB) than elsewhere in Europe. However, offtake obligations…

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.”