In this issue

 

Bogged down by persistent gas shortages, Ghana is fast-tracking alternative options to energise the country: importing LNG via two Floating Storage and Regasification Units (FSRUs) as well as generating electricity…
In a world awash with LNG, the UK’s Brexit negotiations do not specifically focus on energy security, however “as the LNG supply and demand balance is forecast to tighten during…
Gail India, the state-run gas supplier, has bought a second shipment of LNG from Cheniere Energy that has set sail from Sabine Pass in Louisiana and is due to reach…
Canada’s first export of LNG is understood to be soon heading overseas from a port in Louisiana. Cheniere Energy is considering the liquefaction and export of natural gas sources as…
Vivek Chandra and Langtry Meyer, co-founders of the Texas LNG Brownsville project have selected Samsung Engineering and KBR to provide a detailed engineering report – as the basis for deciding…
Monday, 03 April 2017
Cleveland-based Chart Industries Inc. is about to carry out a series of management changes as part of a wider succession plan that will also see its corporate headquarters move to…
A bipartisan bill, launched by US Congressman John Garamendi (D – CA), calls for up to 30 percent of exports for liquefied natural gas and crude oil to be transported…
‘Vaca Muerta’, Spanish for ‘Dead Cow’, is the name of a pilot shale gas project in Argentina’s Neuquen province that Shell agreed to develop together with the state energy company,…
Reversing last year’s slight drop, the production of US dry natural gas is seen average 73.7 billion cubic feet per day (Bcf/d) in 2017, a rise of 1.4 Bcf/d year-on-year…
Reluctance of buyers to commit to sign firm offtake agreements with project developers due to the abundance of supply has inevitable consequences, with today over 80% of new-build capacity being…
Grappling with opposing signals on gas supply security, the state of California and energy companies are starting to embrace a “new level of resourcefulness,” says Callie Kolbe, analyst at Point…
British Petroleum (BP) agreed to collaborate with Alaska LNG project partners and set out terms for a tolling structure with a view to attract project financing. An accord to that…
Dwindling resources in Trinidad & Tobago – once a stalwart LNG exporter – combined with attacks on Nigeria’s gas export infrastructure, have cut short supply into the Atlantic Basin. This…
Investors fear that a proposed US border adjustment tax could slam earnings of oil and gas companies in the Canadian province of Alberta. Industry leaders are wary about a possible…

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.”