LNG

Clarksons, the UK provider of integrated maritime services including broking, finance and research has brokered the world’s first 174,000 cubic metres capacity LNG Forward Freight Agreement (FFA) trade with the Chicago Mercantile Exchange (CME) Group.

April 18 (LNGJ) - Three cargoes are heading for the UK port of Milford and the two terminals there, South Hook and the Dragon facility. The “GasLog Seattle” with 155,000 cubic metres of capacity is scheduled to deliver a cargo from the Arzew plant in Algeria on April 19 to the Dragon terminal at the Welsh port.

   A second shipment is due on April 21 from Lake Charles in the US on the 162,000 cubic metres capacity tanker “Maria Energy” and will be discharged at South Hook. The third delivery is on April 24 to the South Hook facility on the carrier “Hellas Athina” with 174,100 cubic metres of capacity. The cargo was lifted on April 7 from the Sabine Pass plant in Louisiana.

Shell UK has taken the final investment decision to develop the Jackdaw natural gas field in the UK North Sea following regulatory approvals granted earlier in 2022 and the gas volumes when brought on stream will slightly lessen LNG needs.

Qatar Petroleum and ExxonMobil are celebrating the 10th anniversary of the South Hook LNG import terminal that created an “energy bridge” from the Middle East to the United Kingdom and was built at a cost of more than $1 billion to handle up to 20 percent of UK natural gas needs.