In this issue

 

Considering a future German LNG terminal in Brunsbüttel, northern Germany, local grid operators are seeking to realize the first industrial-scale Power-to-Gas project nearby. Called HySynGas, the project will turn renewable…
Chevron Corp. has pulled out of the bidding battle for Anadarko Petroleum and its Mozambique liquefied natural gas stake and US assets, leaving the way clear for Occidental Petroleum to…
Free ReadCommercial success of the much-delayed Shell-led C$40 billion LNG Canada venture is becoming more and more certain after Japan’s JERA Co Inc. signed a Heads of Agreement (HoA) to offtake…
Chevron’s $33 billion takeover of Anadarko – one of the world’s largest independent oil companies – will boost its lead in the Permian Shale, and grow its midstream and LNG…
Natural gas future prices for May at the U.S. benchmark Henry Hub have firmed to $2.535/MMBtu due to increased demand from the power sector and for feedgas from a growing…
The U.S. Energy Information Administration (EIA) expects natural gas prices at the benchmark Henry Hub will fall to an average $2.82/MMBtu this year, and decline further in 2020. The bearish…
Free ReadThe International Finance Corporation (IFC), a multilateral development agency and part of the World Bank Group, has said it provided a 15-year loan over $228 million to fund LNG-to Power…
The French energy major Total has signed two Heads of Agreements (HoA) with Tellurian Inc., the developer of the Driftwood LNG project in Louisiana, committing to invest in Driftwood Holdings…
Sempra Energy has at last seen progress in the commissioning of its Cameron LNG project, a former regas terminal being transformed into a liquefaction and export terminal. Feed-gas is now…
NextDecade, the developer of the Rio Grande LNG project in Texas, has signed an innovative 20-year sale and purchase agreement (SPA) with Shell. Around three-quarters of the purchased LNG volumes…
Free ReadStriving to remove perceived export barriers, three U.S. Senators have reintroduced the License Natural Gas (LNG) Now Act. It is aimed at revamping the current system put in place by…
As the second wave of the US shale revolution unfolds, the United States is forecast to account for 70% of the rise in global oil production and some 75% of…
Seeking to secure attractively-priced LNG for its power plant fleet, Thailand’s state-run Electricity Generating Authority (EGAT) is holding a bidding round in May and June. To qualify, interested bidders need…
Free ReadChart Industries and Indian Oil Corp (IOC), owner of India’s first East Coast LNG import terminal at Kamarajar Port, Ennore, have entered a cooperation to promote LNG developments in India.…

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.