In this issue

 

Defying fresh sanctions by the Trump administration, a Gaselys tanker carrying the first LNG exported by the Yamal facility in the Russian Arctic, has berthed at the Engie SA Everett…
The February 2018 futures contract for natural gas on the New York Mercantile Exchange (NYMEX) is trading at a discount to the current spot price. This pricing pattern provides economic…
Mexico, the largest offtaker of US pipeline gas and LNG importer from Peru, Nigeria and the US, is getting ready to launch an online gas trading platform by the summer…
Spurred by rising gas demand from the electric power sector, industry and LNG exporters, US dry natural gas production is forecast to rise by an average of 80.4 billion cubic…
Conflicting agendas add to the confusion on the future role of LNG in South America, and even the direction of LNG trades”, given that three countries – Argentina, Brazil and…
Global coal demand is facing a “decade of stagnation” and should remain nearly flat between 2017 and 2022, the International Energy Agency (IEA) forecasts. Lower gas prices, a surge in…
LNG tanker transport natural gas liquefied at -161°C which is subsequently supplied to an import terminal where the LNG gets regasified by using heat exchangers (ambient and combustion vaporisers). During…
Cheniere Energy has told regulators that Train-1 of its Corpus Christi LNG export project in Texas will reach substantial completion in March 2019, followed by completion of Train-2 in September…
Prumo Logística has said that its subsidiary, Gás Natural Açu (GNA), has hired a consortium formed by Siemens and Andrade Gutierrez to build a 1,238-MW thermal power plant, based on…
The US oil major ExxonMobil has joined a group of eight International Oil Companies (IOCs), led by the European majors Shell and BP, to jointly put forward proposals to curb…
Gravitating away from importing LNG on a take-or-pay contract basis, China’s exceptional gas demand growth in winter 2017/18 not only increased incremental supply from longterm contracts by nearly 40% but…
Strong seasonal gas demand this winter for power generation and heating, along with high spot LNG prices in Asia and Europe, are forecast to push up US LNG export volumes.…
China’s new '2+26' cities policy – a pledge to cut emission in the country’s 28 northern cities by 15% year-on-year in the winter months – is limiting the use of…
Speedy approval of new mines in China has the potential to lower demand for seaborne coal imports by up to 50 million tons (Mt), sending down coal prices from levels…

News Nudges

Malay shipping line to co-own tankers for LNG Canada

MISC Berhad, the Malaysian shipping line with an LNG fleet of more than 30 vessels, has agreed with Nippon Yusen Kabushiki Kaisha (NYK) and Mitsubishi Corp to co-own two new-build LNG carriers that will mainly serve the LNG Canada project. Both LNG carriers would have a capacity of 174,000 cubic metres and are currently being built by the Hyundai Samho Heavy Industries shipyard in South Korea. The carriers will serve Diamond Gas, an LNG marketing arm of Mitsubishi, under 18-year charter contracts.MISC's main client for charters is Petronas, a shareholder in LNG Canada along with Mitsubishi.The LNG Canada project, led by Royal Dutch Shell, has an estimated cost of C$40 billion (US$31.2 billion), making it the biggest ever energy investment in Canada. The project engineering contractors are Fluor and JGC. The first phase of the project will be built on a 400 hectares site in the industrial area of Kitimat, located about 650 kilometres north of Vancouver. It will comprise two LNG liquefaction Trains, each with 7 mtpa of output and two LNG storage tanks, each of 225,000 cubic metres capacity in addition to other facilities. The plant could be expanded at a later stage.