In this issue

 

Free ReadKawasaki Heavy Industries of Japan is advancing the development of a floating power plant that will operate on regasified LNG, targeting utility customers in remote areas of Southeast Asia. The…
The American Gas Association has welcomed the balanced perspective taken in the draft guidance released by the White House Council on Environmental Quality in relation to the greenhouse-gas emissions of…
California-based Sempra Energy is striving to take a leadership role in modernizing North America’s natural gas infrastructure to help incentivize power plant operators to switch from coal to gas. On…
Trump-alley Andrew Wheeler, the head of the U.S. Environmental Protection Agency (EPA), has signed a final ruling that roles back Obama-era emission limits for thermal power plants. The new rule…
Free ReadThe biggest losers of tit-for-tat trade politics between the United States and China are developers of US LNG export projects. Debt-financing for such costly infrastructure projects is now hard to…
State-owned Saudi Aramco, the world’s largest oil and gas company, has signed a Heads of Agreement (HoA) or a definite 20-year LNG sale-and-purchase agreement (SPA) over 5 mtpa from Phase-1…
Falling gas prices in Europe and Asia pose no risk of reducing US LNG exports, the Cheniere Energy CEO Jack Fusco said. “There haven’t been any spot cargos that haven’t…
Free ReadAnnouncing non-FTA export approval for the Driftwood LNG project near Lake Charles, the US Energy Secretary Rick Perry said he “applauds the American private sector for continuing to reach new…
Spreads for arbitrage trading are narrowing between the Dutch TTF and the US Henry Hub as well as the TTF and the Japan Korea Marker (JKM), so Energy Aspects warns…
In a triangle move to lift a US LNG cargo, the Qatari Q-Flex tanker “Al Safliyah” has become the largest LNG vessels to transit the expanded Panama Canal. It recently…
YPF, Argentine’s state-run oil and gas producer, is seeking to sell a partial cargo from its Tango floating liquefaction unit at Bahia Blanca in a first step to turn the…
Free ReadThe Port of Corpus Christi in Texas, the site of an LNG export plant owned by Cheniere Energy and other oil and gas shipment facilities, said it was set to…
Developers of the delayed Freeport LNG export project in Texas are selecting a preferred bidder for the fourth processing Train, although construction of Train 1-3 still needs to be completed…
Petroleos Mexicanos (Pemex), the Mexican oil and gas company, says its 2% month-on-month rise in its natural gas production is aimed at reducing the country’s dependency on pipeline gas and…

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.”