Largest LNG buyer JERA posts increase in revenue and profits amid wind power setback and more coal use
JERA Co. Inc., the largest Japanese LNG buyer and electricity generator, reported a nine-month jump in operating revenue and profits amid a setback in its foray into the wind sector in Taiwan while in the domestic market a larger percentage of coal was used for power.
Sovcomflot holds keel-laying ceremony in Far East shipyard for first of 15 LNG carriers for Arctic project
Sovcomflot said a keel-laying ceremony was held at the Zvezda Shipbuilding yard in Russia’s Far East for a new Arctic liquefied natural gas vessel ordered by the Russian tanker and LNG carrier fleet owner.
Japan's delivered spot LNG cargoes still had price momentum last month to average $16.30 per MMBtu
Japanese spot LNG prices for delivered cargoes in February soared to as high as $16.30 per million British thermal units, a total of $10.80 per MMBtu more than in the same month last year.
Tokyo Gas helps form alliance of corporate Japan to promote purchase of carbon-neutral LNG cargoes
Fifteen Japanese companies led by the utility Tokyo Gas have launched a group called the Carbon Neutral LNG Buyers Alliance to promote the use of cleaner LNG as a penance for using such huge amounts of thermal coal.
Oil Search makes progress with LNG and oil assets in Papua New Guinea and on Alaska North Slope
Oil Search, the company with LNG stakes in Papua New Guinea and oil assets in the North Slope of Alaska, posted a 37 percent increase in fourth-quarter revenues over the previous three months as prices recovered.
Newest Australian LNG exporter awaits ‘opportune time’ for marketing of onshore Perth Basin cargoes
Beach Energy of Australia, the company destined to be the nation’s newest liquefied natural gas exporter, has posted its fiscal second-quarter earnings report showing sales volumes down 5 percent to A$344 million (US$262M) and lower production as it planned a future LNG marketing campaign.
Chinese lifting of curbs on gas market entry opens way for BP to become regasified LNG supplier
The Chinese liquefied natural gas market has been undergoing changes through market liberalization, offering more opportunities for international LNG portfolio holders such as BP of the UK, which has just entered China’s domestic wholesale gas supply market.
North Asia spot LNG prices rise on steady demand as do Gulf Coast futures on US policy concerns
Global cargo liftings of liquefied natural gas declined after four weeks of increases, but North Asia spot LNG prices broke through the $10.00 per million British thermal units level and North Sea Brent crude cleared $51 a barrel amid concerns about future US energy policies, reflected in higher Gulf Coast LNG futures prices.
Japanese LNG imports set for annual drop to around 73MT as monthly cargo deliveries again decline
Japanese liquefied natural gas imports fell again in November as Asian and Middle East deliveries dropped and were offset by more cargoes from Australia as the nation headed for an annual fall in LNG imports to under 73 million tonnes as overall power use declined in the economic slowdown.
Russia-China gas pipeline has lower than expected first-year deliveries equivalent to 2.8MT of LNG
Russian natural gas giant Gazprom marked the first anniversary of the coming on stream of the first gas pipeline from Russia to China, regarded as competition for LNG, but details released of current pipeline operations and capacities show less than expected year-one deliveries.
