In this issue

 

Free ReadThe Brazilian lower house of the National Congress has approved a bill to further open up the natural gas and LNG terminal market to private competition and break the monopoly…
U.S. liquefaction plant developer Venture Global sees LNG-fuelled power generation as “a counter” to China’s building spree of new coal power units. By turning to LNG, utilities can “regain control…
Fossil fuels will make up 54 percent of the world’s primary energy supply in 2025, and much of this supply will come from natural gas, as it becomes the world’s…
Free ReadSingapore-based Keppel Shipyard has been contracted to convert an LNG carrier to a floating storage and regasification unit (FSRU) for use at El Salvador’s first LNG-to-power project. The FRSU will…
Though travel restrictions are still in place in the Dominican Republic to contain the coronavirus, Siemens is striving to deliver a barge-mounted power plant, based on SGT-800 gas turbine, on…
Monday, 05 October 2020
July - September exports totalling 6.95mmt on 30th September.  Significant month-on-month growth of 0.54mmt (24 pct) in September.  Total shipments down significantly over same three-month period last year.  Avg. US…
Monday, 05 October 2020
At the time of writing, 37 cargoes (2.48mmt) shipped since mid-August remain in transit, with 15 (0.99mmt) still lacking confirmed destinations within the Pacific and Atlantic Basins.
Free ReadElba Island LNG Elba Island LNG has exported a rare cargo in late August, its first since January this year. The 0.07mmt cargo aboard the Maran Gas Hector arrived at…
This summer, the Covid-19 pandemic is driving a global contraction in LNG deliveries – the first seasonal contraction in eight years. US LNG exports are particularly hard hit, with nearly…
Poten & Partners, the global ship brokerage firm, expects the global gas and LNG markets to tighten later this year, due to slower construction and commissioning of new liquefaction and…
Calling the world’s emergence from the Covid-19 pandemic “a pivotal moment” for global economies, BP chief executive Bernhard Looney said there are signs that global gas demand is starting to…
Free ReadImports of Canadian pipeline gas to the western United States have fallen substantially as spot prices at the NOVA/AECO-C (AECO) trading hub in Alberta reached near parity with Henry Hub.…
Developers of the Freeport LNG export plant at Quintara Island in Texas have confirmed the Final Investment Decision (FID) on building a fourth train had to be delayed until 2021…
Edge Gathering Virtual Pipelines 2, better known as Edge LNG, has been selected by EXCO Resources to capture and liquefy gas from a stranded well in the Marcellus Shale. 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.”