In this issue

 

Free ReadU.S. dry gas production will rise to an all-time high of 91.63 billion cubic feet per day (bcfd) this year, the U.S. Energy Information Administration (EIA) said, forecasting a fall…
The Center for Liquefied Natural Gas, a US industry group, expects five export projects along the U.S. Gulf Coast will take a final investment decisions in the next 12 months,…
Sempra Energy’s Cameron LNG export plant in Louisiana has received regulatory permission to start commissioning the second processing Train at the facility on the Calcasieu Ship Channel and commercial operations…
Golar Power is moving ahead with an integrated LNG-to-Power project in Brazil’s northern state of Para, after securing a 25-year power purchase agreement (PPA) from the Brazilian authorities. The 605…
Free ReadAustralian-listed LNG Ltd, developer of the Magnolia LNG project in Louisiana, is striving to sign a full sales and purchase agreement (SPA) with Delta Offshore Energy. The first LNG cargo…
Flows of natural gas from the Appalachian Shale Basin to the rest of the U.S. keeps growing as production averaged over 16 billion cubic feet per day last month, pushing…
As Japan’s gas-burn in the power sector falls amid competition from coal, nuclear and renewables, the country is expected to lose its position as the world’s No.1 LNG importer to…
Free ReadChina’s switch from coal to gas – both to decarbonize its energy mix and tackle pollution under its Blue Sky policy – requires importing considerably more gas imports and investment…
Rising national gas production in Argentina and peak potential LNG export during the summer months is coinciding with strong winter demand from utilities in the northern part of China and…
European utilities are courted by more and more sellers marketing long-term LNG volumes from pre-FID LNG supply projects. To gain access to attractively-prices US LNG, however, European buyers need to…
Free ReadNear-curve gas prices at the Dutch Title Transfer Facility (TTF) have fallen as low as $3.86 per million British thermal units (mmBtu) in recent weeks, driving up demand for LNG…
Speculative orders for Floating Storage and Regas Units (FSRU) are on the rise as developers want to have the vessels ready for quick deployment once local regulators issue a permit…
GasLog has confirmed that one of its subsidiaries has signed a 10-year time charter with Sinolam LNG Terminal to provide a Floating Storage Unit (FSU) for a gas-fired power plant…
India’s energy giant Petronet has signed a $7.5 billion agreement with Tellurian to take a stake in Driftwood LNG and import 5 million tons of gas per year. If supplies…

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.