In this issue

 

The Scottish terminal includes two insulated storage tanks and a ship bunkering station 
Free ReadLNG News Editor:  Tellurian Inc., the developer of the Driftwood LNG export project in Louisiana, has finalized a second LNG supply deal with international commodities company Vitol after previously signing…
Novatek, the Russian natural gas developer of the Arctic LNG II project, has concluded two initial liquefied natural gas supply accords with global commodities firm Glencore and with China’s Zhejiang…
LNG News Editor:  Sakhalin Energy, the operator of the Sakhalin II LNG plant in the Russian Far East supplying four North Asian nations, has started scheduled maintenance at infrastructure facilities…
Kinder Morgan, the US pipeline giant and key shareholder in the LNG export plant in Georgia and the Gulf LNG project in Mississippi, has agreed on the $1.22 billion acquisition…
Free ReadStabilis Solutions, the liquefaction plant operator and supplier to the small-scale LNG market in the United States, has completed the acquisition of another facility in Louisiana. Stabilis said the acquisition…
LNG News Editor:  Intercontinental Exchange, the leading global provider of trading platforms and clearing, has posted record activity in two key LNG trading derivatives, the European benchmark Dutch Title Transfer…
LNG News Editor:  Global investment in energy is set to rebound by nearly 10 percent during 2021 to $1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic,…
Free ReadLNG News Editor:  Höegh LNG Holdings, the Norwegian shipping company acquired in a takeover by Norwegian interests and a unit of US investment bank Morgan Stanley, posted a wider loss…
Excelerate Energy, the US pioneer of floating liquefied natural gas import terminals, said the FSRU “Exemplar” has returned to the Argentine port of Bahia Blanca to support the South American…
Burckhardt Compression, the Swiss manufacturer of compressor systems and a service provider for LNG and other markets, has closed its fiscal year with higher sales and profits as it forecast…
LNG News Editor:  A Western Australian mining company targeting one of the largest known remaining global resources of premium ore called kaolin has advanced towards the start-up of its project…
Free ReadWoodside Petroleum, the operator of two liquefied natural gas export plants, said it had agreed a project to install more than 210,000 solar panels on the Burrup Peninsula of Western…
PTTEP’s Phongsthorn Thavisin announced second gas discovery amid LNG expansion 

News Nudges

Colombia LNG plan

Black and Veatch of the US, the Kansas-based supplier of LNG and energy equipment and solutions, has been selected to conduct a technical, engineering and commercial study for the Andes Energy Terminal project in the South American nation of Colombia. The gas-to-power venture would be centred on Buenaventura in Colombia’s Aguadulce Peninsula.


GTT China tanks order

French LNG storage tanks technology firm GTT has received another order for the design of two very large membrane full containment storage tanks from China’s Chengda Engineering. GTT will design the two latest generation tanks, each with a net capacity of 220,000 cubic metres. GTT said the order was part of the cooperation agreement between Beijing Gas and GTT related to the Tianjin Nangang LNG terminal project in northeast China. The two tanks are scheduled to be delivered to the Tianjin South Industrial Zone for Phase III construction in the second quarter of 2024.


Charter rates steady

Shipping charter rates for LNG carriers in the spot market were little changed in the past week in the West of Suez market at between $59,000 per day and $55,000 per day for vessels of 155,000-165,000 cubic metres capacity. For vessels East of Suez fixture levels were down by at least $2,000 per day and were quoted at between $54,000 per day and $50,000 per day, according to London brokers. One-year charter rates for the most modern vessels were unchanged at around $77,000 per day.