LNG

Sept 21 (LNGJ) - Offshore Energies UK, the leading trade body for the energy industry whose members includes over 400 organisations with an interest in offshore oil, gas, carbon capture and other projects, said its future role had been boosted by the government’s pledge to follow “proportionate” goals towards Net Zero by 2050. The body said a consensus was needed to unlock £200 billion ($247Bln) of company investment in oil and gas as well as carbon capture and other projects.

   “OEUK has sight of around £35Bln of potential oil and gas capital investment over the next 10 years, of which about half will go on projects in existing fields and half on new fields. This is part of wider oil and gas expenditure that could be £90Bln through to 2030,” it said. “The Prime Minister is right that we need to take people with us and that includes the 200,000 people working in this industry,” it added.

Feb 27 (LNGJ) - The Norwegian-flagged LNG carrier “Ribera Duero Knutsen” with 173,400 cubic metres capacity was scheduled to berth on February 27 at the UK Isle of Grain import terminal on the Medway River in Kent with a cargo from the US. The shipment was loaded on February 15 at the Corpus Christi export plant in Texas operated by Cheniere Energy.

   Two further deliveries are scheduled for the UK on March 3 at the import terminals at the Welsh port of Milford Haven. The “LNG Prosperity” with 174,000 cubic metres capacity is due to discharge a cargo from Peru at the Dragon terminal. That cargo was lifted on February 2 from the Pampa Melchorita facility on the Pacific Coast of Peru. Also on March 3, the 173,400 cubic metres capacity vessel “Woodside Rees Withers” is due at the South Hook terminal with a shipment from the US Corpus Christi plant.

Jan 11 (LNGJ) - The UK is scheduled to receive its third LNG shipment from Angola in the past two weeks when the “Sonangol Benguela” with 160,500 cubic metres capacity berths on January 12 at the Isle of Grain LNG import terminal on the Medway River southeast of London, according to shipping data. The cargo was lifted on December 29 from the Soyo LNG export plant near the Congo River delta in southwest Africa.

Offshore Energies UK, the leading trade body for the UK’s offshore oil and gas and energy industries with 400 members, has welcomed Rishi Sunak’s appointment as the nation’s next Prime Minister.

“Sunak must refocus attention on the crucial issues facing the nation, including helping people pay their winter energy bills and keeping the lights on in the face of Europe-wide gas shortages,” said the UK body about the new Conservative Party leader.

“In the longer term he must deal with the challenges of fuelling the future, including using the gas and oil remaining in the UK’s offshore waters to provide energy during the transition to low carbon,” added OEUK.

It pointed out that last year oil and gas accounted for 75 percent of the UK’s energy needs.

Last year the British consumed 78 billion cubic metres of gas, or the equivalent of 58 million tonnes of LNG, the output of four of the largest US LNG export plants.

Annual UK gas consumption amounted to 1,100 cubic metres per person. 

Oil and gas needs

The UK needed to import 11.05 million tonnes of LNG last year to help meet its needs, just behind Europe’s two largest LNG buyers, Spain with 13.85MT and France with 12.35MT.

Around 80 percent of UK households, or 24 million homes, rely on natural gas for heating and on average about 42 percent of all UK electricity is produced by burning gas.

As regards the nation’s oil needs, the UK consumed 55 million tonnes of oil and oil products in 2021, equivalent to 0.8 tonnes per person.

On UK roads, 32 million cars and trucks rely on gasoline and diesel for their fuel and require 22 million tonnes per annum of diesel and 10MT a year of gasoline.

“We wish Rishi Sunak the best. We are already in very challenging times and energy is at the top of the agenda. Global energy prices are rising, and UK consumers face surging bills at the coldest time of year,” said Deirdre Michie, OEUK’s Chief Executive.

“OEUK’s members are protecting the UK from many of the worst impacts of those shortages by producing energy for the whole nation,” she added.

“They will keep doing that in the tough times ahead. We work with politicians of all parties, now including Mr Sunak’s administration, and we look forward to meeting him and his team,” she added.

“When we do, we will be making a powerful case around the need for stability in the fiscal and regulatory regimes governing the UK’s offshore sector,” explained Michie.

“The UK needs to secure billions of pounds for offshore investments if it is to keep producing the gas, oil and offshore wind, plus other low-carbon energies, needed for future growth and productivity,” she declared.

National Grid Plc, the UK electricity and natural gas grid operator and with a business on the US East Coast, has defended its decision to limit the amount of liquefied natural gas being shipped into the country from nations such as the US and Qatar to avoid overwhelming the gas grid system.

May 16 (LNGJ) - Two more cargoes will be delivered to the UK from the US and Qatar. The 154,950 cubic metres capacity carrier “Golar Celsius” is scheduled to discharge a US shipment on May 20 at the UK Dragon import terminal in the Port of Milford Haven. The cargo was lifted on May 7 from the Sabine Pass facility. A Qatari cargo will then be delivered by the 205,960 cubic metres capacity Q-Flex vessel “Al Sheehaniya” on May 23 to Milford Haven’s other import terminal, the South Hook facility.

May 11 (LNGJ) - Three LNG carriers were heading for the UK this week with cargoes from the US and Peru as the UK National Balancing Point benchmark wholesale natural gas price hit a 10-month low at the equivalent of $18.00 per million British thermal units. The 177,000 cubic metres capacity “Marvel Heron” was berthing on May 11 at the UK Isle of Grain terminal in Kent with a cargo from Cameron LNG in Calcasieu Pass in Louisiana, shipping data showed.

The 174,100 cubic metres capacity carrier “Flex Volunteer” was then scheduled to deliver a cargo on May 13 to the UK South Hook terminal at the Port of Milford Haven from the Sabine Pass plant in Louisiana. A third shipment onboard the 167,400 cubic metres capacity “Methane Mickie Harper” was due to be discharged on May 14 at the UK Dragon terminal. The cargo was lifted on April 15 from the Pampa Melchorita plant on the Pacific Coast of Peru.

April 20 (LNGJ) - The 180,000 cubic metres capacity carrier “Rias Baixas Knutsen” is scheduled to deliver a US cargo to the UK Isle of Grain terminal in Kent by the weekend, according to shipping data. The cargo was lifted on April 7 from America’s newest export plant, Venture Global’s Calcasieu Pass facility located south of Lake Charles in Louisiana. The delivery is scheduled as the UK National Balancing Point benchmark wholesale natural gas price has dropped to the equivalent of $22.50 per million British thermal units.

March 25 (LNGJ) - The first April LNG cargo for the UK will come from Trinidad and Tobago in the Caribbean, according to port authorities. The 173,400 cubic metres capacity carrier “Minerva Psara” lifted the cargo from the Point Fortin liquefaction plant in Trinidad on March 20 and the shipment is scheduled to be discharged on April 1 at the UK South Hook import terminal in Milford Haven.

March 1 (LNGJ) - The 167,410 cubic metres capacity carrier “Methane Patricia Camila” is scheduled to deliver a Pacific Basin LNG cargo to the UK on March 8 from the Peru liquefaction and export plant at Pampa Melchorita. The shipment was lifted on February 13 and will be discharged at the UK’s Dragon import facility at the Port of Milford Haven.