LNG

May 12 (LNGJ) - Kyushu Electric Power, a long-term LNG buyer with current long-term contracts with the Australian Gorgon LNG and Wheatstone LNG plants, has launched a new subsidiary for LNG trading. “Kyushu has launched a new subsidiary dedicated to supply to meet emerging demand,” said the company.

   Kyushu Electric said that the function of the optimization of fuel procurement would be transferred to the new subsidiary to integrate delivery scheduling and balancing in incremental demand and existing demand. The new LNG trading company, based in Fukuoka in Japan, will be called Q United Energy Supply and Trading Co. (Quest).

The Western Australian Gorgon LNG plant on Barrow Island is ramping up after a scheduled maintenance programme at a time when spot prices are at a low level, though steady oil prices are underpinning long-term contract values.

May 13 (LNGJ) - The 173,400 cubic metres capacity “Sevilla Knutsen” is unloading a cargo from Nigeria on May 13 at the Yung-An import terminal in Taiwan, according to shipping data. The 216,000 cubic metres capacity Q-Flex carrier “Al Thumama” will deliver a Qatari cargo on May 15 to the Indian import terminal at Dahej, operated by Petronet LNG. The 216,200 cubic metres capacity Qatari Q-Flex vessel “Al Gattara” will deliver a cargo from Ras Laffan on May 17 to the Mina al Ahmadi import facility in the Gulf state of Kuwait. The 172,000 cubic metres capacity “Gigira Laitebo”, chartered to ExxonMobil, will deliver a Papua New Guinea cargo on May 25 to the Japanese Oita import terminal, operated by Kyushu Electric.