Chinese liquefied natural gas imports increased in June by almost 24 percent as energy demand recovered because of lower prices and more regasification capacity coming on line, though LNG deliveries were less than in the previous month.

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Australia LNG operator Santos with stakes in three Asia-Pacific liquefaction and export plants has issued a statement about speculation on the sale of shares in the company by ENN Group of China that had previously held a strategic stake and board representation.

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Energy Transfer LP, the owner of pipeline and other assets in the Permian Basin and Haynesville Shale as well as the Cushing crude oil delivery system, has signed an LNG sale and purchase agreement (SPA) with global commodities firm Gunvor and its third in the past two months for its Lake Charles LNG export project in Louisiana.

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NextDecade Corp., the developer of the Rio Grande LNG export project on the Brownsville Ship Channel, has signed its second cargo supply accord in a month with a Chinese company.

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Novatek, the developer of the Arctic LNG II project on the Gydan Peninsula in Northern Siberia, has signed new supply agreements with units of two Chinese companies, the ENN Group and Zhejiang Energy Gas Group.

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Tuesday, 19 October 2021 08:18

Cargoes for Asia

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Oct 19 (LNGJ) - Global LNG shipments are continuing to point at North Asia amid continued elevated spot prices of around $34 per million British thermal units for the Japan-Korea Marker.

   The 154,950 cubic metres capacity carrier “Asia Vision” is scheduled to deliver a cargo on October 22 to the Zhoushan import terminal in China’s eastern Zheijang province from the Gorgon plant on Barrow Island in Western Australia. Among scores of other LNG vessels that have lifted cargos for Asia, the 261,980 cubic metres capacity vessel Q-Max carrier “Al Dafna” is scheduled to discharge a Ras Laffan cargo on October 31 at the Pyeongtaek import terminal in South Korea.

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ENN Group, the leading non-state energy company in China with LNG and city-gas assets, reported an increase in annual revenues and profits as its reach extended to 18 more large towns and cities in 2020.

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ENN Energy Holdings, the Chinese city-gas company and owner of the Zhoushan LNG import terminal in eastern Zhejiang province, reported a jump in annual profits and increased retail gas sales.

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ENN Energy Holdings Chief Executive Zhang Yesheng said the company would be expanding its LNG and natural gas activities, including constructing new pipelines in eastern Zhejiang province and city-gas connections elsewhere as annual profits increased along with revenues.

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Woodside Petroleum, the operator of two LNG export plants in Western Australia and with expansion plans, has signed a preliminary accord with the privately-run Chinese ENN Group to provide supplies over a 10-year period.

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