LNG

April 4 (LNGJ) - The UK is scheduled to receive its first April liquefied natural gas cargo from the US next week at the Dragon import terminal at the Port of Milford Haven in Wales.

   The vessel “Seapeak Arwa” with 165,500 cubic metres capacity is scheduled to discharge the US shipment on April 10 at the Dragon facility, according to shipping data. The cargo was lifted on March 28 from the Cameron LNG plant in Louisiana operated by Sempra.

Oct 26 (LNGJ) - The first November LNG cargoes are heading for the UK and the Netherlands. The “Methane Patricia Camila” is scheduled to arrive on November 1 at the UK Dragon import terminal at the Welsh port of Milford Haven, according to shipping data. The vessel, which has 167,415 cubic metres of capacity, lifted the cargo on October 6 from the Pampa Melchorita plant in Peru.

   The “Woodside Rees Withers” with 173,400 cubic metres capacity is due to unload a US shipment on November 1 at the Dutch Gate terminal in Rotterdam. The cargo was lifted on October 19 from the Corpus Christi plant in Texas.

Feb 13 (LNGJ) - The UK port of Milford Haven is scheduled to receive three more US LNG shipments this week. The vessel “Maran Gas Agamemnon” with 174,000 cubic metres of capacity is due to discharge a US cargo on February 15 at the Dragon import facility at the Welsh port. The cargo was lifted from the Sabine Pass plant on February 3, according to shipping data.

   A second Sabine Pass shipment carried by the 154,980 cubic metres capacity vessel “Cool Rider’ is scheduled to berth on the same day at the adjacent South Hook import terminal. A third US shipment carried by the 174,000 cubic metres capacity ship “La Seine” is scheduled to berth at the South Hook terminal on February 18 with a cargo from the Cameron plant in Louisiana.

Feb 11 (LNGJ) - The 154,950 cubic metres capacity LNG carrier “Malanje” is heading for the UK port of Milford Haven with a shipment of LNG from the southwest African nation of Angola. The vessel lifted its cargo on January 30 from the Angolan Soyo liquefaction plant located just south of the Congo River delta, according to shipping data. The African facility is operated by US major Chevron Corp. The “Malanje” is scheduled to arrive around February 14 at the Dragon import terminal at the Welsh port.

Jan 24 (LNGJ) – The UK port of Milford Haven will be receiving three cargoes this week from the US, Peru and Qatar delivered to the South Hook and Dragon LNG import terminals, according to the port authorities. The 154,950 cubic metres capacity carrier “Golar Penguin” will discharge a shipment on January 28 at the South Hook facility from the QatarEnergy plant at Ras Laffan in the Gulf.

   The 170,200 cubic metres capacity “SCF Mitre” is scheduled to arrive at the terminal on the same day with a shipment from the Pampa Melchorita plant on the Pacific Coast of Peru. The third delivery to Milford Haven will be to the Dragon terminal on January 28 from the 174,000 cubic metres capacity vessel “Marvel Hawk”, which lifted the cargo from the Cameron LNG plant in Louisiana. Shipping data showed that the ship was heading for the Panama Canal before changing course for the UK.

March 12 (LNGJ) - Two LNG shipments are scheduled to arrive next week at the UK import terminals in the Welsh port of Milford Haven carrying cargoes from the US and Qatar. The 174,000 cubic metres capacity carrier “Maran Gas Ulysses” will discharge a cargo on March 16 at the Dragon import facility from the Sabine Pass export plant in Louisiana.

   The 261,700 cubic metres capacity Q-Flex carrier “Lijmiliya” is then due to arrive at Milford Haven’s South Hook terminal on March 17 with a cargo from Ras Laffan in Qatar. The deliveries to the UK come as prices are rising after a recent slump. The UK National Balancing Point benchmark has jumped to the equivalent of $6.50 per million British thermal units from $5.60 per MMBtu earlier in the week.

Feb 9 (LNGJ) - The 170,050 cubic metres capacity carrier “Hoegh Gannet” was scheduled to deliver a cargo on February 16 to the UK South Hook terminal in Milford Haven from the Sabine Pass plant in Louisiana, according to port authorities. The vessel was heading across the Atlantic as the UK National Balancing Point price recovered from an earlier fall and was last quoted at the equivalent of $7.15 per million British thermal units.

Jan 20 (LNGJ) - Three LNG carriers, two from Russia and one from the US, are heading for the UK import facilities at the Port of Milford Haven in Wales, according to the port authorities. Two Russian cargoes from the Yamal plant in Siberia will arrive first. The 172,000 cubic metres capacity “Vladimir Vize” is due at the Shell-run Dragon terminal on January 22 with its cargo, followed on January 25 by the 172,660 cubic metres capacity “Yakov Kakkel” with a second Yamal shipment for the Dragon facility.

   The third LNG cargo is scheduled to arrive at Milford Haven from the US on January 26 on board the 165,000 cubic metres capacity “Marib Spirit”. The vessel will discharge its cargo from the Sabine Pass plant in Louisiana at Milford Haven’s other terminal, the South Hook facility, owned by Qatar Petroleum, US major ExxonMobil and Total of France.

Dec 15 (LNGJ) - The 172,000 cubic metres capacity carrier “Georgiy Brusilov” is scheduled to deliver a cargo on December 22 to the UK Dragon LNG import terminal at Milford Haven in Wales from the Yamal export plant in northern Siberia. The shipment was heading for the UK as winter season prices remained firm, with the National Balancing Point benchmark quoted at the equivalent of $6.40 per million British thermal units. The continental European Dutch Title Transfer facility (TTF) price was lower at the equivalent of $5.90 per MMBtu.

Ancala Partners, a London-based private equity fund, has acquired a 50 percent stake in the UK Dragon LNG import terminal in Milford Haven in Wales from Malaysian energy company Petronas.

The Petronas stake was sold for an undisclosed amount and Ancala’s partner in the LNG terminal will be Royal Dutch Shell.

Petronas was an original investor in the Dragon LNG facility with BG Group of the UK.

The Dragon facility came on line in 2009 alongside the existing South Hook LNG terminal, owned by Qatar Petroleum and ExxonMobil.

Shell then became a stakeholder in the terminal when it acquired BG in 2016.

The Dragon terminal is one of three LNG regasification facilities in the UK, the third being the Isle of Grain facility southeast of London, owned by National Grid.

The terminal has a gas send-out rate to the National Transmission System of up to 9 billion cubic metres of natural gas, or around 6.5 million tonnes of LNG.

Facilities at the terminal were recently enhanced through commissioning of a small-scale reliquification plant.

Petronas will continue to be a customer of the Dragon terminal as a counterparty to a long-term throughput agreement.

“Dragon LNG is well placed to benefit from reducing UK gas storage capacity and maturing North Sea gas production,” said Lee Mellor, a partner at Ancala.

“With revenues underpinned by a long-term availability-based throughput agreement with Shell and Petronas, the transaction represents an attractive addition to our portfolio and expands our midstream infrastructure activities,” added Mellor.

UK-based international law firm Dentons said it advised Petronas on the transaction.

The Dentons team was led by UK Energy partner Humphrey Douglas and supported by Energy senior associate Daniel Saville and associate Michael Walton.

Dentons added that PwC UK Corporate Finance acted as the financial advisor on the deal, led by Jon Shelley and Tom Copeland, and supported by David Isaacs.