In this issue

 

An LNG futures market could be created in the US on the back of the increased movement of shale gas.
Even though thermal coal prices increased by nearly 50% this year, the effect on fuel switching is not enough to make the use of LNG economically viable for power generators.…
Looking ahead to the autumn and winter season, the State Energy Commission, California’s Public Utility Commission (CPUC) and the system operator CASIO have agreed contingency measures to cap gas-burn in…
The world’s largest lithium-ion battery power storage – a 20 MW/80 MWh Tesla Powerpack – will be put in place at SoCal Edison’s Mira Loma substation in an effort to…
Short-term oversupply of global LNG markets will – beyond 2020 – gradually get absorbed and make way for, new liquefaction projects on the east coast of Africa (Mozambique, Tanzania). Yet,…
Ivory Coast, Ghana and South Africa are tipped to become front-runners in setting up integrated LNG-to-power projects. Developers can arrange attractive import terms as a glut of new gas supply…
Japan's JGC Corp, joint venture partner of Boston-based Energy Management Inc., has offered its expertise to build a 1.3 Bcf storage facility for regasified LNG in Maine – suggesting LNG…
US LNG equipment maker Air Products has marked the roll-out of the first completed LNG heat exchanger manufactured at its new production facility in Manatee County, Florida. Air Products has…
Chart Industries, the supplier of liquefaction, storage and fueling equipment to the LNG industry, said the US Patent and Trademark Office had awarded the company a patent for its latest…
Low-cost LNG imports gains attractiveness in the United Arab Emirates (UAE) as gas-burn for power generation is outstripping domestic production, while upstream investments stall. Abu Dhabi now resorted to chartering…
LNG cargoes from Sabine Pass going to Argentina face challenging economics on a purely point-to-point basis, data released by the US government and Argentine state energy firm Enarsa show. A…
Friday, 02 September 2016
Assertive buyers ask for reworked terms of long-term LNG imports, making use of their rising bargaining power increases as a wave of new supply from the US and Australia enters…
Despite challenging market conditions, global capital expenditure on floating import units is anticipated to surge, with more than 14 countries are expected to commission their first FRSU during 2016-2022.
Det Norske Veritas and Germanischer Lloyd (DNV GL), an international classification society, have given IHI the approval in principle for its design of a Floating LNG Power Station (FLPS). The…

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.”