In this issue

 

Sempra Energy’s Cameron LNG export plant in Louisiana has received regulatory permission to start commissioning the second processing Train at the facility on the Calcasieu Ship Channel and commercial operations…
Golar Power is moving ahead with an integrated LNG-to-Power project in Brazil’s northern state of Para, after securing a 25-year power purchase agreement (PPA) from the Brazilian authorities. The 605…
Free ReadAustralian-listed LNG Ltd, developer of the Magnolia LNG project in Louisiana, is striving to sign a full sales and purchase agreement (SPA) with Delta Offshore Energy. The first LNG cargo…
Flows of natural gas from the Appalachian Shale Basin to the rest of the U.S. keeps growing as production averaged over 16 billion cubic feet per day last month, pushing…
As Japan’s gas-burn in the power sector falls amid competition from coal, nuclear and renewables, the country is expected to lose its position as the world’s No.1 LNG importer to…
Free ReadChina’s switch from coal to gas – both to decarbonize its energy mix and tackle pollution under its Blue Sky policy – requires importing considerably more gas imports and investment…
Rising national gas production in Argentina and peak potential LNG export during the summer months is coinciding with strong winter demand from utilities in the northern part of China and…
European utilities are courted by more and more sellers marketing long-term LNG volumes from pre-FID LNG supply projects. To gain access to attractively-prices US LNG, however, European buyers need to…
Free ReadNear-curve gas prices at the Dutch Title Transfer Facility (TTF) have fallen as low as $3.86 per million British thermal units (mmBtu) in recent weeks, driving up demand for LNG…
Speculative orders for Floating Storage and Regas Units (FSRU) are on the rise as developers want to have the vessels ready for quick deployment once local regulators issue a permit…
GasLog has confirmed that one of its subsidiaries has signed a 10-year time charter with Sinolam LNG Terminal to provide a Floating Storage Unit (FSU) for a gas-fired power plant…
India’s energy giant Petronet has signed a $7.5 billion agreement with Tellurian to take a stake in Driftwood LNG and import 5 million tons of gas per year. If supplies…
Free ReadSouth Korea’s state-run KOGAS has agreed with BP to buy 1.58 million tons of US LNG starting 2025. The deal is worth an estimated $9.61 billion over 18 years and…
SeaFloat, Siemens-made power barges equipped with SGT-A65 gas turbines, will be installed at the Upper Bay of Brooklyn in New York City. Two SeaFloats, with a capacity of 300 MW…

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.”