In this issue

 

The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a takeover bid by a Singapore-based private company has been…
Monday, 04 May 2020
Free ReadUS LNG exports for the period covering March and April stood at 9.19mmt with a delivery horizon of 4th June at the time of writing. Meanwhile, average capacity utilisation for…
Monday, 04 May 2020
At the time of writing, 48 cargoes (3.31mmt) shipped since mid-March remain in transit, with 25 (1.76mmt) still lacking confirmed destinations within the Pacific and Atlantic Basins.
Elba Island LNG We have not seen another Elba Island LNG export since January. Notably, the plant remains under construction, having received FERC authorisation to start feeding gas into its…
A triple whammy of a warm winter, sluggish demand in Asia and cancelled cargoes in China due to the coronavirus outbreak is prompting Cheniere to slow down its midscale expansion…
Free ReadEnergy independence of the United States will be tested in the 2020s, unless there is a sharp reversal in the collapse of fresh capital expenditure in the shale sector, CME…
The Chinese Government is open to applications for tariff exemptions on several U.S. products, including crude oil and LNG, starting from March 2, 2020. The long-anticipated announcement was widely welcomed…
All eyes are on China’s economic and energy demand growth. But with the U.S. election looming large in November, it is unlikely that President Trump will facilitate real breakthroughs on…
Free ReadLawmakers in the U.S. Congress are preparing to hit European investors in the Nord Stream 2 pipeline with a new set of sanctions in an effort to derail the project…
Natural gas prices at Henry Hub are forecast to stay lower than $4 per million British thermal units (MMBtu) through 2050 amid an abundance of low-cost resources, primarily in the…
Growth in exports of U.S. gas production will nearly double over the next two years, as new liquefaction facilities are placed in service and new gas interconnectors to Mexico begin…
Stranded gas wells at the Marcellus Basin in Pennsylvania, U.S., are being tapped via mobile trailor-mounted liquefaction units. Initial operations were launched and are set to last until at least…
Free ReadRail tankers will soon transport LNG to power generators across the United States, as the regulator seeks to advance the use of this cleaner-burning fuel in decentralized location like the…
The Federal Energy Regulatory Commission (FERC) has refused re-hearing requests from environmental groups for the rehearing of its orders authorizing construction and operation of the Texas LNG Brownsville and Annova…

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.