LNG

The Republic of the Congo has formally launched two floating liquefied natural gas production projects that may make the West African nation an LNG exporter by as early as this year as African nations assume leadership of the FLNG sector to monetize their resources backed by Western oil majors.

March 14 (LNGJ) - The “LNG Sokoto” tanker with 137,500 cubic metres of capacity berthed early on March 14 at the UK Isle of Grain LNG import terminal on the Medway River in Kent with a shipment from the Nigerian Bonny Island export plant, according to shipping data. The cargo delivered to UK company National Grid plc was lifted from the Nigerian plant on February 26.

Sept 19 (LNG) – The UK continues to receive a steady stream of LNG shipments. The 174,000 cubic metres capacity carrier “Flex Rainbow” is scheduled to discharge a cargo from Nigeria on September 24 at the UK Dragon import terminal in the Port of Milford Haven in Wales, according to shipping data.

   The cargo, which was lifted from the Bonny Island plant on September 11, was heading for the UK with the National Balancing Point market price for wholesale natural gas at the equivalent of $33.20 per million British thermal units. The UK gas price exactly a year ago, long before the war in Ukraine, was $22.35 per MMBtu.

May 30 (LNGJ) – Two LNG cargoes are heading for Spain as European Union gas prices remain high at around the equivalent of $27.35 per million British thermal units for the Dutch Title Transfer Facility price. The 174,000 cubic metres capacity vessel “Maran Gas Pericles” is scheduled to discharge a cargo on June 1 at the Barcelona LNG import terminal in northeast Spain, according to shipping data. A second Nigerian shipment is then due at the Barcelona facility on June 6 on board the 143,000 cubic metres capacity carrier “LNG River Orashi”, which lifted the cargo from the Nigeria LNG plant on May 18.