In this issue

 

Prospects of US gas exports have been boosted by a report of the Department of Energy (DoE), saying that the Utica Shale may hold almost 800 trillion cubic feet of…
Natural gas production across all major US shale regions are seen declining from a high in May at 45.6 billion cubic feet per day (Bcf/d) to just 44.9 Bcf/d in…
Though Canada and more recently Argentina and China are producing commercial volumes of gas from shale formations or crude oil from tight rock, EIA analysts see additional gas supplies impact…
Antero Resources, with stakes in the Marcellus and Utica Shales, said it signed a 10-year agreement with the US unit of Japanese utility Chubu Electric Power to provide 70,000 MMBtu/day…
Two Houston-based companies, Targa Resources Partners and Sanchez Energy Corp., are planning to build a liquefied natural gas processing plant and feed-gas pipelines in the first LNG project targeting resources…
Tuesday, 01 December 2015
Gloomy predictions by Moody’s low global LNG prices anticipate that most of the 30 proposed liquefaction projects in North America will be cancelled. The collapse in oil prices narrows the…
Collapsing Henry Hub gas prices have shed 30% since recent high, making the US LNG exports more attractive. According to Morgan Stanley analysis, the US LNG price still shows a…
Though Shell's acquisition of BG is creating the world's largest LNG seller, Wood Mackenzie believes that regardless of the Tepco/Chubu merger, the buy-side is getting more fragmented.
ConocoPhillips, operator of the small-scale Kenai LNG export plant in Alaska, has filed an application with the US Department of Energy for authority to export cargoes to Free Trade Agreement…
Despite the fall in global oil and gas prices, growth of LNG use in Asia's power sector is limited by coal. "Only very competitively priced LNG has a chance to…
Gas Natural Fenosa has increased its interest in Metrogas of Chile, lifting its shareholding to more than 60% in the utility that also holds 20% of the South American country's…

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.