LNGC numbers sailing from US ports drop
Some 34 LNGCs sailed from US export terminals this week, down three week-on-week.
Their LNG carrying capacity was 130 bill cu ft, a drop of 10 bill cu ft from the previous week.
Seven LNGCs each departed from Plaquemines and Sabine Pass, six from Corpus Christi, five from Cameron, four each from Calcasieu Pass and Freeport, and one from Cove Point, according to Bloomberg Finance data provided to the US Energy Information Administration (EIA).
Oversupply and lower European prices to dominate the market
US gas futures briefly rose above $7 per MMBtu during the recent US storm ‘Fern’, then fell back below$3 per MMBtu, while US storage levels remained near the 10-year average, reported VT Markets, quoting Societe Generale analysts.
Egypt to cut LNG imports
Egypt’s Petroleum Ministry has agreed with global suppliers to cut its LNG imports by 37% this month, after domestic consumption declined and production increased, a Ministry source told the local media outlet, Al Manassa.
Stabilis wins new contract - gives update
In a financial update, NASDAQ quoted LNG systems provider, Stabilis Solutions, said it was recently awarded a multi-year take-or-pay contract to supply LNG for a US behind-the-meter power generation application for a provider of remote and temporary power generation and energy services.
Caturus invests in natural gas assets
US-based gas production developer, Caturus has signed a definitive agreement with SM Energy to acquire its Galvan Ranch assets.
Worley to support New Zealand’s efforts to develop LNG terminal
Australian engineering company, Worley is to provide technical advisory and engineering support for the development of New Zealand’s LNG import terminal.
Worley was appointed by New Zealand’s Ministry of Business, Innovation and Employment (MBIE) as client engineer and technical advisor for the country’s LNG import terminal.
The company said it will support MBIE through the procurement and delivery phases of the LNG import terminal by providing independent technical advice, specification development and engineering guidance aligned to international best practice.
This includes helping shape the project’s technical foundations, supporting a transparent and robust procurement process, and offering proportionate technical assurance during delivery to help MBIE manage key risks and maintain project progress.
US environmentalists sue Trump over CP2
US Environmental groups have filed a lawsuit challenging the Department of Energy’s (DoE) approval of Venture Global’s application to export LNG from CP2, currently under construction in Louisiana.
Eni makes large Côte d'Ivoire gas discovery
Italian energy giant, Eni has made what it called a significant gas and condensate discovery in Côte d'Ivoire, successfully drilling Murene South-1X, the first exploration well in Block CI-501.
DGI enters Platts market for two cargoes
Diamond Gas International (DGI) has bid for its first cargoes on the Platts Atlantic LNG Market on Close (MoC) assessment process through a one-cancels-the-other order for Northwest Europe and Mediterranean LNG.
CCEC to raise funds on Greek market
Capital Clean Energy Carriers Corp (CCEC) has revealed plans to issue seven-year bonds in Greece with a total potential principal of up to €250 mill and a minimum issuance of €200 mill.
