In this issue

 

Electricity, not natural gas, will drive the compressors of the Annova LNG export project at Brownsville Ship Channel, lowering the project’s carbon footprint. To that end developers have signed an…
U.S. gas pipeline operator Williams and the Canada Pension Plan Investment Board (CPPIB) have set up a US$3.8 billion joint venture that centers around Williams' Ohio Valley Midstream (OVM) and…
Free ReadSpain’s gas network operator Enagás has agreed to pay $590 million for a 10.93% ownership interest in Tallgrass Energy (TGE), the operator of several U.S. interstate pipelines. To finance the…
US-listed LNG equipment manufacturer Chart Industries and Indian Oil Corp, owner of India’s first East Coast LNG import terminal at Kamarajar Port, Ennore, have entered a cooperation to promote LNG…
The developer of Calcasieu Pass LNG in Louisiana, Venture Global has announced plans to expand the scope of its LNG development business on the US Gulf Coast to 60 mpta…
Free ReadKinder Morgan said it would start-up its Elba Island LNG export plant in Georgia in late April after receiving regulatory permission in early March to introduce feed-gas, back-up fuel and…
The Federal Energy Regulatory Commission (FERC) has granted approval for the Stratton Ridge pipeline additions to help provide the 700 million cubic feet per day that will be needed provide…
Energy Transfer and Shell plan to move towards a potential final investment decision on the 50-50 joint venture and have started seeking engineering, procurement and construction (EPC) companies, while intending…
Free ReadThe U.S. Federal Energy Regulatory Commission (FERC) has delivered a final environmental impact statement for the Texas LNG export project, giving the green light for proposed project in the Port…
Optimism has been expressed by Peter Altmaier, the German economy minister, that two regasification terminals will be built on the northern Germany coastline “in the foreseeable future” to enable LNG…
Though no firm offtake agreement is in place, Qatar Petroleum and ExxonMobil have taken FID on their 15.2 mtpa Golden Pass LNG venture and announced they will jointly invest over…
Free ReadNatural gas will become the fastest-growing energy source in the coming decades, displacing coal as a fuel for power plants and heavy industries, Royal Dutch Shell said in its 2019…
Pieridae Energy, developer of the German-backed Goldboro LNG export project in the Canadian province of Nova Scotia, has entered into agreements for a private placement of shares with a group…
Steelhead LNG has stopped construction on the Kwispaa LNG project in Sarita Bay on Vancouver Island’s west coast, casting doubt on the future of the joint venture. Developers said the…

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.