In this issue

 

TSOs are coping with Nord Stream II suspension as well as record prices and low gas storage levels 
Free ReadLNG News Editor:  JERA Co. Inc., the largest Japanese liquefied natural gas buyer, has purchased a significant stake in Freeport LNG at Quintana Island in Texas and will invest in…
The Freeport LNG export plant at Quintana Island in Texas has revealed plans for a carbon-capture and sequestration project a day after Japanese LNG importer and power asset holder JERA…
Kuwait Integrated Petroleum Industries Co. (KIPIC) said all construction has formally been completed at the onshore LNG import terminal at Al-Zour, the largest in the Middle East, and constructed to…
Japanese liquefied natural gas imports plummeted by more than 22 percent as the nation opted for more than twice the amount of coal than LNG for thermal power generation and…
Free ReadLNG News Editor:  Royal Vopak, the Dutch global hydrocarbon storage company and project developer, has taken an earnings hit for pulling back from Germany’s main LNG import terminal project near…
LNG News Editor:  The Gas Exporting Countries Forum (GECF), the group of leading LNG exporting nations and gas producers based in Qatar and known as the OPEC of natural gas,…
LNG News Editor:  The US Department of Energy has just published its latest liquefied natural gas monthly export data showing rising prices for the six plants and with China again…
Free ReadLNG News Editor:  DNG Energy, a Johannesburg-headquartered company, said it arranged the importation of South Africa’s first ever consignment of liquefied natural gas in an ISO container. The company said…
Clean Energy Fuels Corp. of the US has joined with UK major BP to add cow manure to the global efforts to curb carbon-dioxide emissions in the form of liquefied…
US company Pilot LNG, the developer of the Galveston LNG Bunker Port (GLBP) project in Texas, awarded the front-end engineering and design contract for marine infrastructure to W.F. Baird Associates.
Royal Dutch Shell, the leading liquefied natural gas trader with nine-month cargo sales in 2021 of around 48 million tonnes, plans to move its corporate headquarters to London from the…
Free ReadTaiwan will vote in a referendum on December 18 on whether to move the nation’s third liquefied natural gas terminal, currently under construction at Taoyuan, to another location or to accept…
Morocco no longer gets Algerian natural gas from Maghreb-Europe pipeline system to Spain

News Nudges

Flex LNG earnings

Flex LNG, the shipping company with a fleet of 13 vessels, reported higher third-quarter revenues of $81.8 million and increased quarterly net income to $32.8M. “In the fourth quarter, we will also be handsomely rewarded for maintaining a 30 percent exposure to the spot market as the spot market is currently at all-time highs,” said Øystein Kalleklev, Chief Executive of Flex LNG Management AS. The Bermuda-based company’s average time charter equivalent rates were $68,341 per day for the third quarter, up from $57,780 per day in the previous three months.


Pavilion methodology

Pavilion Energy of Singapore along with QatarEnergy and US major Chevron Corp. have jointly published a “quantification and reporting methodology” to produce a statement of greenhouse-gas emissions for delivered LNG cargoes. This is the first such published methodology that will be applied to sales and purchase agreements (SPAs), specifically the executed SPAs of Pavilion Energy with QatarEnergy and Chevron.


Mozambique naming

The “Coral-Sul FLNG” vessel, the floating LNG hull to be deployed in 2022 in the deep waters of Mozambique in southeast Africa, has been formally name at the Samsung Heavy Industries shipyard in Geoje in South Korea. The guests of honour were Mozambican President Filipe Jacinto Nyusia and South Korean President Moon Jae-In. Italian energy company Eni said it attended as delegated operator and on behalf of its Mozambique Rovuma Basin Area 4 licence partners.