In this issue

 

CEO Wes Edens says purchase of Golar Partners and Hygo helps goal of having 15 to 20 terminals
LNG News Editor:  LNG Canada, the largest current global liquefaction and export joint venture under construction, is aiming to get back on schedule for a 2025 commercial start-up after work…
Free ReadTechnipFMC, the Franco-US energy engineering business, has re-started the process of spinning off Technip Energies, one of the world’s leading LNG project engineers, and has already put several financial transactions…
LNG News Editor:  Taiwan has just received its first shipment from an expected annual total of 30 cargoes from US exporter Cheniere Energy under a long-term deal signed with the…
Japanese spot LNG prices for contracted and delivered cargoes increased in December jumped by. $2.20 per million British thermal amid growing demand for cargoes in North Asia.
The Ghana LNG import project in West Africa is expecting to complete the venture by around March 2021 with work now focused on the onshore portion after the floating regasification…
Free ReadLNG News Editor  The German Association of Gas Transmission System Operators (FNB Gas), which groups a dozen companies overseeing 40,000 kilometres of natural gas pipeline and other infrastructure, has launched…
LNG News Editor:  Qatargas has completed another LNG shipping feat with the first ever commercial ship-to-ship transfer of a cargo involving a Q-Flex LNG vessel at Subic Bay in Philippines.
LNG News Editor:  The American Bureau of Shipping, the US maritime classification society, and Singapore-based Keppel Offshore and Marine said they were currently completing key features of the world’s first…
Clough, the Australian energy engineering company, was awarded the engineering, procurement, construction and commissioning (EPCC) contract for the FortisBC Energy truck-loading expansion at the Tilbury LNG facility at Delta in…
Free ReadAvenir LNG, a company owned by Norwegian shipping and infrastructure companies, said its newest 7,500 cubic metres capacity LNG bunkering vessel has been launched in China and it would be…
LNG News Editor:  CME Group, the world's leading derivatives marketplace, has launched four new Japanese electricity futures contracts and two new LNG futures contracts will be available for trading on…
Intercontinental Exchange, the US operator of global trading platforms and clearing houses, released its fourth-quarter and full-year 2020 trading volumes showing record usage of products like the Dutch Title Transfer…
Free ReadLNG will be loaded and afterwards offloaded to small-scale cargo vessels and redistributed in PNG   LNG News Editor Papua New Guinea is moving forward on a small-scale liquefied natural…

News Nudges

LNG hub changes

Petronas, the Malaysian energy company, has seen one of its subsidiaries, Petronas Carigali Sdn Bhd (PCSB), take over the operatorship of the E11 natural gas hub, located 130 kilometres offshore Bintulu in Sarawak, the Malaysian state on the island of Borneo. Petronas noted that the E11 hub, which has been producing since 1982 under the Malaysia LNG production sharing contract, had been operated by Royal Dutch Shell unit Sarawak Shell Bhd (SSB) for the past 38 years.


Korean LNG fuel move

South Korea, the largest builder of LNG carriers to transport the fuel worldwide, is increasing its own domestic fleet of LNG-powered ships and is offering grants of up to 20 percent for ship owners to convert. The Ministry of Oceans and Fisheries said that 39 small ships fuelled by LNG are expected to be completed at local shipyards in 2021, including 23 vessels to be used by Korean government agencies.


Charter rates increase

Shipping charter rates for LNG carriers in the spot market increased as Northern Hemisphere winter market demand surged. Rates were quoted at an average of between $168,000 per day and $172,0000 per day West of Suez. Spot rates of $158,000 to 162,000 were heard for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters also increased for the most modern vessels and ships were available for around $49,000 per day.