Wednesday, 19 January 2022 17:54

LNG Shipping News - 20 January 2022

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Thursday, 20 January 2022 07:00

A winter of discontent

LNGC rates are likely to fall this year, when compared to the levels seen in 2021, Poten & Partners said in one of the company’s regular webinar updates last week.

Thursday, 20 January 2022 07:00

A bumpy year ahead

As global LNG prices continue to trade at record highs, there are two key elements that will define prices this year - winter weather dynamics and the timing of Nord Stream 2’s start-up, Wood Mackenzie said in a report.

Thursday, 20 January 2022 07:00

LNG Alliance looks at Montenegro

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Elektroprivreda Crne Gore AD Nikšić (EPCG), the Montenegran national energy company, signed a Memorandum of Understanding (MoU) with LNG Alliance on 8th December, 2021.

The MoU will lead to a detailed feasibility study to consider the construction of gas-fired power plants in Bar and Podgorica.

Once an adequate and feasible techno-commercial model is established, LNG Alliance will ensure the necessary conditions for investments in their development and the LNG import infrastructure needed.

Provided that the conditions for the project are met, the gas for both plants would be imported through a dedicated LNG terminal at Bar. LNG Alliance will be responsible for its construction.

"We invest into new sustainable projects and develop partnership for a greener future.

We are aspiring to create clean, affordable and reliable energy security in Montenegro," said EPCG and LNG Alliance in a joint statement. 

Thursday, 20 January 2022 07:00

China to be top importer this year

China will cement its position as the world's largest LNG importer this year.

Thursday, 20 January 2022 07:00

India to develop another import terminal

LNG Alliance, in co-operation with Indian local Government of Karnataka and New Mangalore Port Trust (NMPT), has unveiled plans to develop a major LNG import terminal.

Thursday, 20 January 2022 07:00

Ceiba Energy wins Brazilian contract

Houston-based Ceiba Energy has won the contract to build, own and operate Brazil’s Portocem 1.6 GW power plant project, which will include an FSRU.

Thursday, 20 January 2022 07:00

NOVATEK signs SPAs with Chinese importers

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NOVATEK Gas & Power Asia and ENN LNG (Singapore), a subsidiary of ENN Natural Gas, have signed a long-term sale and purchase agreement (SPA) for LNG to be produced from the Arctic LNG 2 project.

The SPA stipulates the supply of around 0.6 mill tonnes per annum from Arctic LNG 2 for 11 years. It will be delivered on a DES basis to ENN’s Zhoushan LNG receiving terminal.

A second SPA has been agreed with Zhejiang Energy Gas Group, a subsidiary of the Zhejiang Provincial Energy Group also for Arctic LNG 2 LNG.

This follows a Heads of Agreement (HoA) signed by both parties on 2nd June, 2021 during the St. Petersburg International Economic Forum.

The SPA stipulates the supply of up to 1 mill tonnes of LNG per annum from Arctic LNG 2 for 15 years. The LNG will also be delivered on a DES basis to Zhejiang Energy’s Chinese LNG terminals.

Arctic LNG 2 involves the constructing three LNG liquefaction trains of 6.6 mill tonnes per annum each giving a total capacity of 19.8 mill tonnes, as well as cumulative gas condensate production capacity of 1.6 mill tonnes per annum.

The project’s participants include - NOVATEK (60%), TotalEnergies (10%), CNPC (10%), CNOOC (10%) and Japan Arctic LNG, a consortium involving Mitsui & Co Ltd and JOGMEC (10%). 

Thursday, 20 January 2022 07:00

JAPEX moves into Vietnam

Japan Petroleum Exploration Co (JAPEX) is to participate in a project to build an LNG terminal in the northern part of Vietnam.

Thursday, 20 January 2022 07:00

European demand hits Panama LNGC transits

LNGC Panama Canal transits fell by 30% in December.