Steady stream of LNG cargoes head for UK, Belgium and the Netherlands though none scheduled for Germany
Europe will receive a steady stream of LNG cargoes from the US, Qatar and other nations such as Peru in the next two weeks, though there are no LNG shipments scheduled so far through the end of next week for the new importer Germany.
LNG leader QatarEnergy becomes official FIFA partner for month-long World Cup football event in Qatar
QatarEnergy, the largest corporate producer of liquefied natural gas, said it became an official partner of the Federation of International Football Associations (FIFA) for the month-long World Cup football event being held in Qatar at end of 2022.
The World Cup will start in the Arab Gulf nation on November 21, 2022, and will continue to December 18.
“This partnership is the second by QatarEnergy since teaming with FIFA last November as an Official Partner for the FIFA Arab Cup,” said the Doha-based company.
“QatarEnergy is pleased to partner with FIFA again, this time in support of the iconic FIFA World Cup, which will be held in Qatar and the Middle East for the first time ever,” said Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and the President and Chief Executive of QatarEnergy.
“This partnership is a reflection of QatarEnergy’s continued support of sports and of football in particular as the central attraction of the sporting world,” added Al-Kaabi.
“We look forward to a very successful competition and to being part of the effort to welcome the world to Qatar,” he stated.
FIFA President Gianni Infantino welcomed QatarEnergy to the event and applauded its role as host of the first FIFA World Cup organized in the Arab world.
LNG and soccer
The tournament is being held in the Northern Hemisphere winter months when temperatures are more moderate in the region and more pleasant for fans and players.
“This year’s tournament will expand football’s reach and shine a light on the region, bringing different cultures from across the globe together in Qatar to enjoy the best football in the world in stunning state-of-the-art venues,” declared FIFA’s Infantino.
Qatar has built eight of the most modern football stadia for the games to take place in and which can be covered over in adverse weather.
Qatar’s wealth from LNG has put it on a rapid development path and it is also expanding its LNG production to keep up with the other global LNG leaders, the US and Australia.
The QatarEnergy expansion project will increase the state of Qatar’s LNG production capacity from 77 million tonnes per annum to 126 MTPA, through the North Field East (NFE) and North Field South (NFS) development ventures with first LNG expected in 2025 to boost global supplies.
The scope of the first phase of the expansion at the Ras Laffan production complex involves an additional four Trains, each with 8.0 MTPA of output.
Qatar has the southern portion of the prolific North Field natural gas resources in Gulf waters and the other part is under the jurisdiction of neighbouring Iran.
Asian LNG prices jump and US LNG futures are up 10 percent while UK attracts Algerian and Qatari cargoes
Liquefied natural gas liftings from global plants will be lower in the coming week as prices for Asia jumped 5 percent and US LNG derivatives increased by more than 10 percent amid a rebound in already high European natural benchmarks after they attracted timely LNG cargoes for the UK from Algeria and Qatar.
Q-Max LNG for UK
July 12 (LNGJ) - The 260,930 cubic metres capacity Q-Max LNG carrier “Umm Slal” is scheduled to deliver a cargo on July 18 to the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar.
The shipment, lifted on June 27, is arriving in the UK as the National Balancing Point (NBP) natural gas price was at the equivalent of $12.50 per million British thermal units, just short of the 2021 summer season high of $12.90 per MMBtu.
Europe’s prices up
May 3 (LNGJ) - Qatar is delivering a Q-Max LNG cargo to the UK with prices in Europe rising on colder weather and storage demands. The 261,137 cubic metres capacity carrier “Mekaines” is scheduled to arrive from Ras Laffan in Qatar on May 9 with a shipment for the South Hook facility in the Welsh port of Milford Haven, according to the port authorities.
The latest shipment is scheduled as the UK National Balancing Point natural gas benchmark price and the main Continental European price, the Dutch Title Transfer Facility (TTF), are both at seasonal highs. The UK NBP was quoted at the equivalent of $8.30 per million British thermal units and the Dutch TTF was at the equivalent of $8.20 per MMBtu.
UK calls in the French to construct new LNG storage tank for Europe’s largest terminal serving London
France's Entrepose Contracting, a unit of Vinci Construction Grands Projets and the UK’s Taylor Woodrow, has been awarded an engineering, procurement and construction contract by the UK’s National Grid to build a liquefied natural gas storage tank to serve the import terminal for London.
Q-Max for UK April 5
March 30 (LNGJ) - Qatar is keeping up its steady stream of the deliveries to the UK with the Q-Max carrier “Al Mafyar”, with 266,000 cubic metres capacity, scheduled to unload a cargo on April 5 at the South Hook terminal in Milford Haven in Wales from Ras Laffan.
The cargo was heading for the UK as the National Balancing Point natural gas price dropped again from last week to $2.30 per million British thermal units while Continental Europe’s Dutch Title Transfer Facility (TTF) price was also lower at $2.35 per MMBtu.
