In this issue

 

Senior Cheniere executive Anatol Feygin gives insight into likely developments in European and Asia trade
Free ReadLNG News Editor:  Chevron Corp., the US major with liquefied natural gas stakes in Western Australia and Angola, reported a drop in earnings in the first quarter of over 60…
PetroChina, the Chinese oil and gas major listed in Hong Kong and with LNG stakes in Canada and Mozambique, reported an 8.4 percent rise in first-quarter revenues and a return…
LNG News Editor:  Israeli energy company Delek Drilling is advancing with the US$1.1-billion sale of its 22 percent stake in Israel’s second-biggest natural gas resource, the Tamar field, to Mubadala…
Free ReadA heavy-lifting, transportation and installation contract has been awarded to privately held Dutch company Mammoet for Saudi Aramco’s natural gas storage and gas resources management project, the Aramco Hawiyah Unayzah…
TechnipFMC reported an improving market in offshore oil and gas in its first full earnings statement since spinning off the LNG and project engineering unit Technic Energies to become a…
LNG News Editor:  French oil and gas major Total and the Government of Papua New Guinea have agreed to proceed again with the Papua LNG project with natural gas mainly…
Free ReadLNG News Editor:  Reliance Industries of India and BP of the UK said a second natural gas field had come on stream ahead of the mid-2021 schedule in the Krishna…
LNG News Editor:  Puget LNG, the LNG terminal operator in the port of Tacoma in the US northwest state of Washington, and GAC Bunker Fuels have signed an accord to…
Demark is ready to enter the liquefied natural fuel market with the opening before the end of 2021 of the nation’s first LNG filling station in the city of Padborg,…
French oil and gas major Total said it completed the first ship-to-containership liquefied natural gas bunkering operation in France’s waters at the Channel port of Dunkirk.
Free ReadLNG News Editor:  Leading Australian gas and power supplier AGL Energy has confirmed it will cease any further development of the proposed Crib Point LNG import project in the southern…
Australian LNG plant operator Santos and Italian oil and gas company Eni have signed an accord to cooperate on liquefied natural gas and other opportunities in northern Australia and in…
CEO Steve Kean said the strongest performance in quarter was result of actions after previous weather events

News Nudges

Chiyoda LNG aims

Chiyoda Corp, the leading Japanese energy and LNG engineering company involved in projects worldwide, reported sales of 315.39 billion yen ($2.88Bln) in the fiscal year to the end of March 2021, a fall of 18.3 percent on the previous year. However, Chiyoda pointed out that it expected improvements in the coming year as it executed LNG engineering, procurement and construction projects in Qatar, the US and Nigeria.


Algeria’s permits move

Algeria, the leading natural gas supplier with two LNG plants on the Mediterranean coast and pipelines to Italy and Spain, is taking measure to improve and clarify the authorization process for constructing energy pipelines and infrastructure. They are now defined in two decrees signed by Algerian Prime Minister Abdelaziz Djerad. “The first draft executive decree defines the procedures for obtaining authorizations to construct a pipeline transportation system, while the second defines the procedures for obtaining authorizations to build structures for pipeline transportation of petroleum products,” said a statement.


Spot rates still high

Shipping charter rates for LNG carriers in the spot market were unchanged in the past week, though still at high levels in the Atlantic and Pacific basins. Spot charters for West Of Suez were quoted at between $75,000 per day and $79,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates were at between $70,000 per day and $74,000 per day, according to various brokers.