In this issue

 

Houston company says more sales to Israel, Jordan, and Egypt are underway LNG Journal editor Noble Energy, the US company with natural gas and LNG interests in the East Mediterranean…
LNG Journal editor Dominion Energy, the developer of the Cove Point LNG export plant in Maryland, reported fourth-quarter earnings of $1.1 billion compared with $641 million for the same period…
Free ReadFreeport LNG Chief Executive Michael Smith said he was hopeful of signing sufficient deals with buyers as the Quintana Island facility in Texas slowly expands, though suggested the second wave…
LNG Journal editor NextDecade Corp., the developer of the Rio Grande LNG export project, said the US Department of Energy issued an order granting authorization to export cargoes to non-free…
New Fortress Energy, the owner of LNG facilities in Florida and in Jamaica and projects in Puerto Rico and the US northeast, said it signed a long-term LNG supply agreement…
Free ReadUS pipeline company Kinder Morgan has asked regulators for permits to construct a new pipeline section and compression infrastructure for its Tennessee Gas Pipeline to allow feed-gas to flow to…
LNG Journal editor The OPEC of natural gas, the GECF, held a meeting in Doha in Qatar to launch its annual outlook as the Qataris pledged to advance with their…
Qatar has signed a new long-term sale and purchase agreement with Royal Dutch Shell to deliver 1 million tonnes per annum of liquefied natural gas to the neighbouring Gulf state…
LNG Journal editor The US agency that helps the Federal Energy Regulatory Commission with the permit processing for export plants and pipelines has determined that the Alaska LNG liquefaction facility…
Free ReadLNG Journal editor Sovcomflot, the Russian shipping line with 16 LNG carriers and an overall fleet of 147 vessels, said it held a ceremony for the naming a new LNG…
Protests are continuing across Canada in support of a minority of First Nation Indigenous peoples who are against the Coastal GasLink pipeline to bring feed-gas to the LNG Canada plant…
GasLog Ltd., the LNG carrier fleet owner with 19 vessels and with another 15 ships held by its US affiliate GasLog Partners, reported annual and quarterly losses as it started…
Free ReadLNG Journal editor Woodside, the operator of two Australian liquefaction plants and with a stake in Kitimat LNG project in Canada, said its LNG processing hub on the Burrup Peninsula…
Australian liquefied natural gas shipments have numbered 103 cargoes in the past month and were not affected by the surplus of LNG globally nor by the disruption to trade from…

News Nudges

Nigerian deal with Portugal

Nigeria LNG has signed a deal with the trading arm of Portuguese company Galp Energia for one million tonnes per annum. The volumes will be supplied on a delivered ex-ship basis for 10 years from Trains 1, 2 and 3 of the six-Train facility on the on Bonny Island on the Niger Delta. The transaction follows a similar deal with Italy’s Eni and France’s Total announced in January and deal with commodity trader Vitol signed in December for 500,000 tonnes per annum. NLNG has been remarketing some volumes from its existing trains as some contracts approach expiry amid the Train 7 expansion plan.


Gasum to expand role

Gasum of Finland, the main Nordic LNG supplier and importer, said that in line with its growth strategy for LNG maritime and trucking fuel it was expanding its role in the Nordic power market by becoming a member of the Nordic power exchange of Nasdaq OMX. The membership provides Gasum with access to direct trading in the power derivatives market. “In recent years, Gasum has been investing purposefully in building the Nordic gas ecosystem.


Spot ship rates fall again

Shipping charter rates for LNG carriers in the spot market dropped further in the week as winter season deliveries slowed down, adding to the market glut. Rates were quoted at an average of between $63,000 per day to $67,000 per day West of Suez and $56,000 per day to $62,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.