Q-Max LNG for UK
Sept 7 (LNGJ) - The 261,980 cubic metres capacity Q-Max LNG carrier “Al Dafna” is scheduled to deliver a cargo on September 10 to the UK South Hook import terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar.
The shipment, lifted on August 23, is arriving in the UK as the National Balancing Point (NBP) natural gas price was at the equivalent of $18.55 per million British thermal units, a new summer season high for modern times.
Q-Max LNG for UK
June 9 (LNG) - The 261,980 cubic metres capacity Q-Max carrier “Al Dafna” is scheduled to deliver a shipment on June 16 to the UK South Hook import terminal at Milford Haven in Wales from the Qatari export plant at Ras Laffan in the Gulf, according to the port authorities.
LNG cargo for UK
April 2 (LNGJ) – Another Qatari cargo from Ras Laffan in the Gulf is heading for the UK. The 261,000 cubic metres capacity Q-Max carrier “Rasheeda” is currently making its way through the West Mediterranean after traversing the Suez Canal and is scheduled to berth on April 9 at the South Hook import terminal at the Welsh port of Milford Haven, according to shipping data. The National Balancing Point natural gas benchmark price is at a seasonally firm level of $6.50 per million British thermal units, while the main Continental European price, the Dutch Title Transfer Facility (TTF), is even higher at the equivalent of $6.60 per MMBtu.
Qatari LNG for UK
March 1 (LNGJ) - Qatargas is this week shipping two LNG cargoes to the UK South Hook import terminal at the Welsh port of Milford Haven. The 266,000 cubic metres capacity Q-Max carrier “Umm Slal” is scheduled to discharge a cargo on March 6 and it will be followed a day later by the arrival of the 216,200 cubic metres capacity Q-Flex vessel “Al Ghariya”, according to port authorities.
Three cargoes for UK
Jan 20 (LNGJ) - Three LNG carriers, two from Russia and one from the US, are heading for the UK import facilities at the Port of Milford Haven in Wales, according to the port authorities. Two Russian cargoes from the Yamal plant in Siberia will arrive first. The 172,000 cubic metres capacity “Vladimir Vize” is due at the Shell-run Dragon terminal on January 22 with its cargo, followed on January 25 by the 172,660 cubic metres capacity “Yakov Kakkel” with a second Yamal shipment for the Dragon facility.
The third LNG cargo is scheduled to arrive at Milford Haven from the US on January 26 on board the 165,000 cubic metres capacity “Marib Spirit”. The vessel will discharge its cargo from the Sabine Pass plant in Louisiana at Milford Haven’s other terminal, the South Hook facility, owned by Qatar Petroleum, US major ExxonMobil and Total of France.
US and European natural gas prices rise with Gulf Coast LNG futures as demand picture improves
UK and Continental European natural gas prices and US Gulf Coast LNG futures have jumped to summer season highs, while US domestic natural gas prices have been boosted by a forecast July heatwave to boost cooling demand.
Qatar's UK supply rises
Feb 24 (LNGJ)- Qatargas has lined up three Q-Max LNG deliveries to the UK for the end of February and the start of March on vessels with 266,000 cubic metres capacity. The “Al Dafna” is scheduled to arrive at the UK South Hook terminal in Milford Haven in Wales on February 28. The “Mekaines” is scheduled to arrive from Ras Laffan in Qatar on March 2 along with a second loaded vessel, the “Al Mayeda”.
The Qatari shipments are heading for the UK with the National Balancing Point natural gas price at around $3.00 per million British thermal units and the main price on Continental Europe, the Dutch Title Transfer Facility (TTF), also at the equivalent of $3.00 per MMBtu.
UK equity fund Ancala buys stake in UK LNG import terminal from Petronas of Malaysia
Ancala Partners, a London-based private equity fund, has acquired a 50 percent stake in the UK Dragon LNG import terminal in Milford Haven in Wales from Malaysian energy company Petronas.
The Petronas stake was sold for an undisclosed amount and Ancala’s partner in the LNG terminal will be Royal Dutch Shell.
Petronas was an original investor in the Dragon LNG facility with BG Group of the UK.
The Dragon facility came on line in 2009 alongside the existing South Hook LNG terminal, owned by Qatar Petroleum and ExxonMobil.
Shell then became a stakeholder in the terminal when it acquired BG in 2016.
The Dragon terminal is one of three LNG regasification facilities in the UK, the third being the Isle of Grain facility southeast of London, owned by National Grid.
The terminal has a gas send-out rate to the National Transmission System of up to 9 billion cubic metres of natural gas, or around 6.5 million tonnes of LNG.
Facilities at the terminal were recently enhanced through commissioning of a small-scale reliquification plant.
Petronas will continue to be a customer of the Dragon terminal as a counterparty to a long-term throughput agreement.
“Dragon LNG is well placed to benefit from reducing UK gas storage capacity and maturing North Sea gas production,” said Lee Mellor, a partner at Ancala.
“With revenues underpinned by a long-term availability-based throughput agreement with Shell and Petronas, the transaction represents an attractive addition to our portfolio and expands our midstream infrastructure activities,” added Mellor.
UK-based international law firm Dentons said it advised Petronas on the transaction.
The Dentons team was led by UK Energy partner Humphrey Douglas and supported by Energy senior associate Daniel Saville and associate Michael Walton.
Dentons added that PwC UK Corporate Finance acted as the financial advisor on the deal, led by Jon Shelley and Tom Copeland, and supported by David Isaacs.
