LNG

The International Gas Union (IGU), a global voice of the pipeline natural gas and LNG industries with more than 150 members in over 80 countries, has published the latest annual edition of the IGU Wholesale Gas Price Survey.

French law firm De Gaulle Fleurance and Associés has released the first standard terms and conditions for the sale and purchase of liquefied natural gas, offering a more efficient way to trade LNG on the spot and short-term markets.

Feb 15 (LNGJ) - Awilco LNG, the small Norwegian fleet operator in the spot market, said the positive trend seen in the fourth quarter of 2016 persisted into 2017 as charter rates West of Suez further improved to $52,000 per day while East of Suez rates was reported at $38,000 per day. “Despite high activity and increasing spot market rates, the short-term and mid-term time charter rates have only slightly improved,” said Awilco as it reported lower full-year freight income of $34.8 million compared with $37.4M in 2015.