In this issue

 

U.S. liquefaction plant developer Venture Global sees LNG-fuelled power generation as “a counter” to China’s building spree of new coal power units. By turning to LNG, utilities can “regain control…
Fossil fuels will make up 54 percent of the world’s primary energy supply in 2025, and much of this supply will come from natural gas, as it becomes the world’s…
Free ReadSingapore-based Keppel Shipyard has been contracted to convert an LNG carrier to a floating storage and regasification unit (FSRU) for use at El Salvador’s first LNG-to-power project. The FRSU will…
Though travel restrictions are still in place in the Dominican Republic to contain the coronavirus, Siemens is striving to deliver a barge-mounted power plant, based on SGT-800 gas turbine, on…
Monday, 05 October 2020
July - September exports totalling 6.95mmt on 30th September.  Significant month-on-month growth of 0.54mmt (24 pct) in September.  Total shipments down significantly over same three-month period last year.  Avg. US…
Monday, 05 October 2020
At the time of writing, 37 cargoes (2.48mmt) shipped since mid-August remain in transit, with 15 (0.99mmt) still lacking confirmed destinations within the Pacific and Atlantic Basins.
Free ReadElba Island LNG Elba Island LNG has exported a rare cargo in late August, its first since January this year. The 0.07mmt cargo aboard the Maran Gas Hector arrived at…
This summer, the Covid-19 pandemic is driving a global contraction in LNG deliveries – the first seasonal contraction in eight years. US LNG exports are particularly hard hit, with nearly…
Poten & Partners, the global ship brokerage firm, expects the global gas and LNG markets to tighten later this year, due to slower construction and commissioning of new liquefaction and…
Calling the world’s emergence from the Covid-19 pandemic “a pivotal moment” for global economies, BP chief executive Bernhard Looney said there are signs that global gas demand is starting to…
Free ReadImports of Canadian pipeline gas to the western United States have fallen substantially as spot prices at the NOVA/AECO-C (AECO) trading hub in Alberta reached near parity with Henry Hub.…
Developers of the Freeport LNG export plant at Quintara Island in Texas have confirmed the Final Investment Decision (FID) on building a fourth train had to be delayed until 2021…
Edge Gathering Virtual Pipelines 2, better known as Edge LNG, has been selected by EXCO Resources to capture and liquefy gas from a stranded well in the Marcellus Shale. The…
Free ReadGlenfarne, a privately held energy infrastructure firm, has agreed to buy Magnolia LNG from its parent, Australia's LNG Ltd, for $2.25 million, according to the voluntary administrators appointed to review…

News Nudges

Chevron decarbonises LNG fleet

Chevron has signed an agreement with Sempcorp Marine Repairs & Upgrades to help reduce the carbon-intensity of its LNG fleet operations. The tankers will be retrofitted with new technologies such as a reliquefication system, hull air lubrication and new gas compressors. These measures expected to reduce cargo boil-off, lower fuel consumption and increase volumes of cargo delivered.


Shell’s profits double

Global energy major Shell said its adjusted earnings in the final three months of 2022 had more than doubled to $39.9 billion on the back of soaring oil and gas prices in the wake of Russia’s invasion of Ukraine. Shell posted its record earnings just days after US-based Exxon Mobil announced annual profits of $55.7 billion.