LNG

Dutch utility Gasunie, whose network and assets include over 17,000 kilometres of pipelines in the Netherlands and Germany as well as stakes in Dutch and German LNG import facilities, reported a plunge in first-half earnings as the Dutch continued to show dependence on LNG amid the green obsessions and over-regulation of the European Union.

Sept 7 (LNGJ) - The Netherlands is scheduled to receive at least three LNG cargoes in the weeks ahead. The 174,000 cubic metres capacity “Gaslog Houston” is scheduled to deliver a shipment from Trinidad on September 12 to the Eemshaven floating LNG import hub in Groningen. The cargo was lifted on August 31 from the Caribbean nation’s Point Fortin export plant, according to shipping data.

   The “Grazyna Gesicka” carrier with 170,520 cubic metres capacity is due to discharge a US cargo on September 14 at the Gate terminal in Rotterdam. The cargo was lifted on August 31from the Cameron facility in Louisiana. The vessel “Adamasto” with 174,060 cubic metres capacity will unload a US cargo on September 20 at Eemshaven. The volumes were lifted on September 5 from the Corpus Christi plant in Texas.

Gasunie, the Dutch utility and owner of stakes in the Dutch Rotterdam and Eemshaven LNG import terminals and the onshore German regasification project  planned for Brunsbüttel, posted increases in first-half net profits and revenues as natural gas markets evolved after the ending of Russian pipeline flows.

May 18 (LNGJ) - The Netherlands is scheduled to receive two US cargoes over the next few days, one at Groningen’s Eemshaven port and one at the Gate terminal in Rotterdam as gas price dropped to two-year lows. The Dutch Title Transfer Facility benchmark natural gas price was last at the equivalent of $9.975 per million British thermal units.

   The “Maran Gas Pericles” carrier, with 174,000 cubic metres capacity, was scheduled to deliver a shipment on May 19 to Eemshaven from the Sabine Pass plant in Louisiana and lifted on May 4. The “LNG Rosenrot”, with capacity of 177,000 cubic metres, will berth at the Gate facility on May 21 with a delivery from Freeport LNG in Texas.

Royal Vopak of the Netherlands, the world’s leading independent tank storage company and a leading liquefied natural gas terminals shareholder, posted higher first-quarter net profits and revenues as it continued to develop European Union LNG infrastructure and expanded energy joint ventures in Canada and India.

Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II currently still under threat from Western sanctions imposed because of the Ukraine invasion, has reported operating data for the first quarter of 2023 as it continued to supply cargoes to the European Union.

Glencore Plc, the London-listed company whose marketing business includes Australian coal and from next year US LNG from Cheniere Energy in Houston, said it expected the marketing division to make at least $3.2 billion in the first half of 2022 after the volatility that followed Russia’s invasion of Ukraine.

New Fortress Energy Inc., the US LNG-for-power company, saw its shares rise after it executed a binding agreement to charter a floating storage and regasification unit to Dutch utility Gasunie to serve as a second LNG import terminal for the Netherlands at the Port of Eemshaven.

The Port of Rotterdam in the Netherlands said in its first-quarter report that liquefied natural gas throughput increased by 77.7 percent via the Gate LNG import terminal while the Dutch are also moving ahead with a second facility at the port of Eemshaven.

April 21 (LNGJ) - The Dutch Government has decided against increasing output from the Groningen natural gas field, once one of the largest in Europe. The plans remain gradually taking the field off stream because of complaints about earth tremors. “The Netherlands only extracts gas if it can be done safely and responsibly. And extracting more gas from the fields in the province of Groningen is not safe,” said the Dutch government on efforts to replace Russian gas volumes.

   “This should be considered only as a last resort, if, for example, gas deliveries to an entire region (including households and hospitals) are at risk. The government would only consider extracting more gas in Groningen if that would help prevent such a situation,” it added. The Dutch will try and boost LNG imports while keeping a minimal flow at Groningen from October 2022 of 1.5 billion cubic metres per annum, the equivalent of 16 LNG cargoes.