European and Asian LNG prices fall again amid EU storage build and highest cargo volumes yet for Germany
European and Asian liquefied natural gas prices and wholesale values fell again as European Union gas storage continued its early build while Germany and China were receiving more cargoes.
Mozambique launched as LNG exporting nation as first cargo departs Coral-Sul FLNG production hull
Italian energy company Eni said the “Coral-Sul FLNG” production vessel offshore Mozambique shipped its first cargo from the Rovuma Basin to launch the southeast African nation as an LNG exporter.
EU natural gas price jumps as Germany warns of serious power situation after more Nord Stream cuts
The German Government has warned of a serious power situation in the country after a decision by Russian natural gas company Gazprom to cut flows further by 50 percent on the Nord Stream I pipeline, reducing overall capacity to just 20 percent from July 27.
Gazprom forecasts record earnings of $45Bln in 2021 after prices spiral and increases market risk funds
Gazprom, the supplier of pipeline natural gas to customers from Western Europe to China as well as the Russian Federation and former Soviet states, said record gross earnings were forecast for 2021 and it was also increasing funds for managing risk in the volatile market.
Equinor of Norway submits report on fire last year at Hammerfest LNG now closed until March 2022
Equinor, the Norwegian oil and gas company, has concluded internal investigations following two fires last year at its facilities in Norway, one at the Hammerfest LNG export plant and a second at the Tjeldbergodden methanol facility, and has submitted the results to the nation’s Petroleum Safety Authority.
May UK LNG cargoes
April 27 (LNGJ) - The first May shipments are heading for the UK from Qatar and Russia. The 266,000 cubic metres capacity Q-Max carrier “Shagra” will discharge a cargo on May 1 at the South Hook terminal in Milford Haven from Ras Laffan, while the 172,000 cubic metres capacity vessel “Vladimir Rusanov” is scheduled to arrive on May 3 at the Dragon import facility at Milford Haven from Yamal LNG at Sabetta in Arctic Russia.
The cargoes were heading for the UK even amid more European natural gas price drops. The UK National Balancing Point natural gas price fell again from last week to a low of $1.60 per million British thermal units while Continental Europe’s Dutch Title Transfer Facility (TTF) price was slightly higher than the NBP price at $1.85 per MMBtu, though also lower than last week.
French gas network operators give winter outlook and note high LNG and storage levels
GRTgaz, the French natural gas network operator and whose subsidiary manages three LNG import terminals, said no supply problems were foreseen this winter season and added that send-outs of LNG into the system had doubled over the past year.
UK Isle of Grain LNG import terminal near London to offer 100 berthing slots and storage
The UK Isle of Grain LNG import terminal on the Medway River southeast of London said it was planning to offer the market 8 million tonnes per annum of capacity through 100 berthing slots as well as additional storage.
Spanish LNG operator Enagas posts profit and reports progress on Southern Gas Corridor
Enagas, the Spanish natural gas network operator and LNG terminal owner, posted a third-quarter net profit of 106 million euros ($122.7M) as domestic industrial demand for natural gas edged higher, while it also reported progress on Europe’s Southern Gas Corridor venture.
Nova Scotia LNG developer Pieridae Energy posts quarterly loss as project advances
Pieridae Energy, the Canadian company developing the Goldboro LNG project in the Atlantic Coast province of Nova Scotia, has posted widening losses at it advances with its plans for a Nova Scotia LNG export plant targeting European customers.
