In this issue

 

LNG Journal editor CME Group, the world's leading derivatives market, reported an all-time daily volume record for oil and natural gas futures and options after markets plunged under the weight…
 LNG Journal editor The US Government has issued its short-term energy outlook to take account of what it said was the second-largest daily oil price decline caused by the lack…
Free ReadSaudi Aramco, the company with LNG plans and behind the global energy turmoil because of the Saudi government pledge to increase crude oil production, still has its shares trading at…
LNG Journal editor Japanese spot liquefied natural gas cargoes contracted in February for imminent delivery reflected the combination of an over-supplied market and the first commercial effects of the coronavirus…
The Baltic Exchange Escrow Service continues to gain traction, with new transactions completed in the fourth quarter of 2019 and the first three months of 2020.
Alaska Gasline Development Corp., the lead developers of the Alaska liquefied natural gas export project, said regulators had published the final environmental impact statement for the venture to monetize North…
Free ReadLNG Journal editor The Rio Grande LNG export plant proposed for a 984-acre site in the Port of Brownsville in Texas has been issued with a notice to proceed by…
LNG Journal editor Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, with Excelerate Energy of the…
LNG Journal editor Australian liquefied natural gas plant operator Santos reports progress on a coal-seam gas project in northwest New South Wales with up to 850 wells and which the…
Free ReadThe Freeport LNG export plant on Quintana Island in Texas was reached the final commissioning stage for the third Train with feed-gas now being introduced. Freeport already has two Trains…
LNG Journal editor Gasum, the Nordic LNG distributor owned by the state of Finland, said it continued to develop as a company over the past year marked by parliamentary elections…
MAN Energy Solutions, the Denmark-based subsidiary of the German engine-maker, has won the order to supply engines for a shuttle ferry newbuild for Tallink Grupp, the Estonian shipping company, and…
Germany utility and energy company Uniper outlined its strategy of focusing more on pipeline natural gas, LNG and gas-fired power while exiting coal as it swung to an annual profit…
Free ReadPavilion Energy, a unit of Singaporean wealth fund Temasek, and Singapore LNG Corp. have further strengthened their cooperation through the signing of a five-year agreement for liquefied natural gas storage…

News Nudges

Greek LNG progress

Greek LNG developer Gastrade said the binding phase of a market test for reservation of capacity at the floating LNG terminal proposed for offshore Alexandroupolis in northeastern Greece was successfully completed. “With an aggregate long-term profile of binding offers for up to 15 years, reaching 2.6 billion cubic metres per year, Greek and international natural gas companies, as well as end-consumers, confirmed their interest in the reservation of regasification capacity at the FSRU terminal,” said Gastrade.


Chinese natural gas

Chinese January-February domestic natural gas production rose 8 percent to 31.4 billion cubic metres with an average daily output of 520 million cubic metres, according to data from the National Bureau of Statistics. Imports of pipeline natural gas and LNG together reached 17.80 million tonnes compared with 17.36MT in Jan-Feb 2019, up 2.6 percent year on year. Domestic crude oil output rose 3.7 percent year on year to 32MT from January to February, while imports increased 5.2 percent from a year earlier to 86.09MT.


Finnish China order

WE Tech Solutions of Finland, the shipping consultancy and equipment provider offering energy efficiency designs, has received a repeat order from Jiangnan Shipyard Group Co. in China to deliver its “Solution Four” package for efficient power distribution for the third new battery and LNG-powered Pure Car Truck Carrier (PCTC) ordered by United European Car Carriers (UECC).