In this issue

 

Sempra Energy affiliate, ECA Liquefaction, together with Total have agreed a five-year loan with a variety of banks for up to $1.5805 billion to underpin Costa Azul LNG export project…
Free ReadThough US President Joe Biden is determined to “radically alter American energy policy” and pledged a ban on new leasing, the controversy with Germany over Nord Stream 2 is unlikely…
Mexico’s Epclion LNG project, owned by Singaporean investors, has been authorized to import pipeline gas to Mexico and re-export it as LNG to nations without a Free Trade Agreement with…
The US Department of Energy (DoE) has extended the terms of seven long-term LNG export authorizations through 2050 to help preserve what it said was “a vital energy source for…
Free ReadThe US Department of Energy (DoE) has issued a rule to exclude some licensing and environmental requirements for liquefied natural gas export projects that had previously been required in a…
Nine shale gas producers in the US Appalachian Basin have spent half a billion dollars more during Q3-2020 on drilling and new projects than they earned. According to the Institute…
Cheniere Energy, the largest US LNG exporter, has told regulators that its Sabine Pass Train 6 project was now more than 44 percent complete as Bechtel is forging ahead with…
Pembina Pipeline Corp., the Canadian infrastructure company, said there was still uncertainty surrounding the future of its Jordan Cove LNG export project in the northwest US state of Oregon as…
Free ReadEnbridge Inc., the Canadian TSO whose gas pipelines connect supply basins and LNG export plants and cities, has filed a federal complaint accusing Michigan Democratic Party Governor Gretchen Whitmer of…
Striving to boost spot market flexibility, the US Department of Energy (DoE) has removed the requirement for long-term LNG export authorization holders to seek separate short-term permits to export volumes.…
The US Department of Energy (DoE) has extended the terms of five long-term liquefied natural gas export authorizations through 2050 for plants in Louisiana, Texas, Georgia and Florida. The ruling…
Thursday, 14 January 2021
Free ReadOctober-December exports at 15.76mmt on 31st December - Exports more than doubled over July-September period - Total shipments up 35pct over three-month period last year - Avg. US capacity utilisation at 88pct…
Monthly US LNG Exports (MMt) as of 31st December for the period between 1st October and 31st December, inclusively.
Strong seasonal rise in freight rates is unlikely to happen this autumn, as sustained outages at Sempra Energy’s Cameron LNG terminal in Louisiana and at Gorgon LNG Train-2 have caused…

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.”