Shippers await details on Trump’s 20% Hormuz transit charge
Crude oil and LNG shippers are waiting for more details after U.S. President Donald Trump said Washington would impose a 20% charge on all cargoes transiting the Strait of Hormuz, a move the U.N.’s International Maritime Organization said it strongly opposes as unlawful.
Venture Global’s Q2 liquefaction fee up 69% on strong demand
Venture Global’s average liquefaction fee surged 69% in the second quarter to an average $6.45 per million British thermal units, up from $3.82/MMBtu in the first quarter, as higher LNG prices lifted returns on commissioning cargoes and short-term sales, the company said in a regulatory filing.
Woodside’s pricing for Louisiana LNG volumes backfires
Australia’s Woodside Energy is struggling to market volumes from its planned Louisiana LNG terminal, as its higher liquefaction fees put the 16.5 mtpa project at a disadvantage to US rivals.
Panama Canal transits fall as more US LNG heads to Europe
Not a single US LNG cargo transited the Panama Canal during the first three weeks of November, according to S&P Global Commodities at Sea data, as the arbitrage window prompted most tankers to head to Europe rather than Asia.
Lower fee on foreign-built tankers keeps US LNG competitive
Effective October 14, fees for operators of LNG tankers built outside the US have fallen to $46 per ton, down from $150/ton proposed earlier. "This keeps US LNG competitive globally and gives domestic shipbuilders the time to rebuild long-term capacity,” commented Rob Jennings, vice president of natural gas markets at the American Petroleum Institute (API).
