LNG

Denmark, one of the largest energy traders in LNG and gas and power in the Nordic market, has brought pipeline natural gas supplies to two of the nation’s isolated areas.

The Danish Energy Agency has issued permits for Energinet and Evida to put the Lolland-Falster pipeline into operation on Danish maritime territory in Storstrømmen and Guldborg Sund.

“The Danish Energy Agency has granted a license to Energinet for the commissioning and operation of the Lolland-Falster gas pipeline on Danish lake territory in Storstrømmen and a licence to Evida for commissioning and operation of the pipeline on Danish territory in Guldborg Sund,” said the Agency.

The Lolland-Falster pipeline in Danish waters is part of a larger gas pipeline project between Everdrup on Zealand and Nakskov on Lolland.

Capacity

The gas pipeline runs as an underwater pipeline at the water crossings at Storstrømmen and Guldborg Sund.

The total length of the pipeline route is around 115 kilometres (72 miles) long and the pipeline can transport up to 290 million cubic metres of natural gas per year.

According to the timetables of both companies commissioning is planned for 30 August 2024.

The Agency said the nation’s consumption of natural gas fell by more than 10 percent in 2023 while the share of bio-natural gas made from waste increased its share of the energy mix.

Denmark is part of the changing Nordic regional energy market where Norway is an LNG exporter and Sweden and Finland are LNG importers, while the Norwegians and Swedes additionally supply power to Denmark.

Additionally the Danes are a conduit for pipeline gas supplies to the Baltic region.

Natural gas consumption in Denmark amounted to around 1.7 billion cubic metres for all of last year, a decrease compared with the previous year.

Natural gas use by the Danes peaked in 2006 at 5.3 Bcm per annum.

The United Kingdom by comparison has much larger natural gas consumption.

UK gas use averaged around 7.4 Bcm per month during the past winter and 72 Bcm for the year, down from almost 79 Bcm in the previous year.

Intercontinental Exchange Inc. (ICE) reported another trading surge on natural gas and LNG futures and options with very high liquidity and including record open interest in the US benchmark Henry Hub.

The 41st edition of the CERAWeek energy conference in Houston attended by around 6,000 delegates focused on the second day on issues such as European and US natural gas and also on the main Texas commodity - crude oil.

Sept 29 (LNGJ) - The 145,000 cubic metres liquefied natural carrier “Methane Lydon Volney” was discharging a US cargo on September 29 at the Isle of Grain import terminal on the Medway-Thames estuary, southeast of London. The vessel carrying a cargo lifted from the Sabine Pass plant in Louisiana docked after the UK National Balancing Point benchmark natural gas price hit a seasonal record on September 28.

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.

May 10 (LNGJ) - Qatar is delivering a cargoes to the UK on May 14 on board the 261,100 cubic meters cubic metres capacity Q-Max carrier “Zarga”. The vessel from Ras Laffan will berth at the South Hook import facility in the Welsh port of Milford Haven, according to the port authorities. The latest shipment is due as the UK National Balancing Point natural gas benchmark price and the main Continental European price, the Dutch Title Transfer Facility (TTF), both remained near to seasonal highs at the equivalent of $8.60 per million British thermal units and $8.65 per MMBtu respectively.

Centrica plc, the UK utility and energy company with a growing LNG market presence, reported a resilient financial performance in the second half of 2020 as the trading and optimisation performance continued to be strong, especially in LNG.

Sept 14 (LNGJ) - Two Qatargas LNG shipments are headed for the UK South Hook import terminal at Milford Haven in Wales over the next week. That's as the National Balancing Point natural gas price was staying firm at around the equivalent of $3.55 per million British thermal units. The 210,100 cubic metres capacity Q-Flex carrier, the “Al Ghariya”, is scheduled to arrive on September 19 followed on September 21 by the 210,100 cubic metres capacity “Al Sheehanyia”, according to the port authorities.

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.

Oil prices fell below $40 per barrel as street unrest in cities like Seattle led to concerns about US stability and the pace of the US economic recovery, while the nation’s LNG exports dropped to half of the previous week’s level, offset by pipeline natural gas exports to Mexico jumping more than 8 percent.