In this issue

 

National Grid and Qatar sign 25-year accord as UK plans expansion of supply and wider spec
LNG News Editor:  Avenir LNG Ltd, a company owned by Norwegian shipping and infrastructure companies, has taken delivery of its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV),…
French shipping line CMA CGM has set a world record for the number of full containers loaded on a single vessel, the first Ultra Large LNG-powered container ship, the “CMA…
Free ReadLNG News Editor:  The future expansion of natural gas is underpinned by the development of new resources in gas-rich producing countries, which will expand LNG export capabilities, according to a…
Italian company Eni, one of the biggest energy players in Egypt, said it was trying to find an agreement to allow the restart of the idled Damietta LNG export facility,…
Chart Industries, the US LNG equipment-maker and supplier, has completed the acquisition of the Alabama-based cryogenic trailer and hydrogen trailer transport assets of Worthington Industries.
Free ReadLNG News Editor:  The Saudi Arabian Oil Company President and Chief Executive Amin Nasser said that “the worst is definitely behind us” for the crude oil market, as global demand…
LNG News Editor:  Equinor, the operator of the LNG export plant on Melkoya Island in Northern Norway, said that the facility would not be re-starting until early 2021 after a…
LNG News Editor:  French firm EDF Trading, a leader in the international wholesale energy markets and a partner of Japanese LNG trader JERA Global Markets, has entered the Japanese power…
Japanese spot LNG cargo prices for September recovered after a plunge in the previous month and were contracted at $4.50 per million British thermal units, though were still down on…
Free ReadNovatek, the Russian natural gas company and operator of the Yamal LNG export plant in northern Siberia, reported that its own share of cargo sales on international markets had dropped…
LNG News Editor:  Delfin Midstream, the US LNG export project shareholder offshore Louisiana, has completed the engineering and design phase of the venture for the first of its floating production…
Royal Dutch Shell said its Prelude floating liquefied natural gas export plant off the coast of northwest Australia would not resume full production this year after being shut down in…
Swiss firm Axpo and France’s Engie name Ducoloner and MacGregor for key roles

News Nudges

Tokyo Gas LNG pact

Japanese utility Tokyo Gas is still a big part of the plan by First Gen Corp. of the Philippines to advance with the LNG import terminal project for Batangas City. Tokyo Gas President Uchida Takashi and First Gen President Francis Giles B. Puno recently signed a joint cooperation agreement to that effect. It follows on from the joint development agreement signed at the end of 2018 on developing an interim offshore LNG terminal in Batangas in southern Luzon island.


Shipping rates rise

Shipping charter rates for LNG carriers in the spot market increased over the past week by up to $5,000 per day. Rates were quoted at an average of between $69,000 per day and $71,000 per day West of Suez and at rates of between $73,000 per day and $75,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charter rates were little changed for the most modern vessels and were seen at around $48,000 per day.


Gazprom builds on Yamal

Gazprom, the Russian natural gas company, said it made a yet another new gas discovery on the Yamal Peninsula in northern Siberia, close to the largest Russian LNG export plant run by rival operator Novatek. Gazprom explained that the discovery was made as a result of drilling and testing of an exploratory well on Yamal and a commercial gas inflow was obtained with a flow rate of about 600,000 cubic metres per day.