In this issue

 

Intercontinental Exchange, the US operator of global trading platforms and clearing houses, released its fourth-quarter and full-year 2020 trading volumes showing record usage of products like the Dutch Title Transfer…
Free ReadLNG will be loaded and afterwards offloaded to small-scale cargo vessels and redistributed in PNG   LNG News Editor Papua New Guinea is moving forward on a small-scale liquefied natural…
LNG News Editor:  Italian energy company Eni and Sharjah National Oil Corp. in the LNG exporting and importing nation of the United Arab Emirates have started production start-up at the…
China Petroleum and Chemical Corp. (Sinopec) said it had completed the development of the first phase of the new Weirong shale-gas field in the southwest Sichuan province with an annual…
LNG News Editor:  The Balkan state and European Union member Croatia duly became the latest LNG importing nation at the start of January with a shipment from the US, while…
Free ReadThe US Department of Energy has extended the terms of five long-term liquefied natural gas export authorizations through 2050 for plants in Louisiana, Texas, Georgia and Florida. The DoE said…
Qatar Petroleum's North Field South (NFS) project has given the front-end engineering and design work to US engineering firm McDermott International.
LNG News Editor:  Australian LNG operator Santos has taken a positive final investment decision for the Bayu-Undan joint venture, including a drilling programme for natural gas fields supplying the Darwin…
Free ReadLNG News Editor:  Belgian company Fluxys, whose assets include the Zeebrugge LNG import terminal and a stake in Dunkirk LNG in France as well as the Trans-Adriatic Pipeline, has agreed…
LNG News Editor:  The ferry company of the Canadian province of British Columbia, BC Ferries, is among the leaders in the sector globally for LNG-powered vessels and another of its…
Nippon Kaiji Kyokai, the Japanese maritime classification society, has issued its latest survey guidelines for facilities and equipment on liquefied natural gas bunkering vessels supplying fuel to LNG-powered ships at…
Free ReadGermany has extended the deadline for grants for equipping and retrofitting seagoing vessels to use LNG as marine fuel for another year, while LNG trucks on German motorways will continue…
LNG News Editor:  Indian Prime Minister Narendra Modi opened the Kochi to Mangalore natural gas pipeline linking the LNG terminal in southwest India to the port in the central state…
Indonesia’s energy regulator has approved the development plan presented by Spanish energy company Repsol to develop one of the Asian nation’s largest onshore natural gas fields that would enable more…

News Nudges

Total deal on bunkering

Total and Swiss-based MSC Cruises have signed an agreement for the French energy company to supply around 45,000 tonnes per annum of LNG for cruise ships calling at the Port of Marseilles. Total said it already had worldwide bunkering ties with MSC Cruises. “As we prepare to launch our first of three upcoming LNG-powered cruise ships in 2022, through this key agreement Marseilles will become our hub in the Mediterranean for the refuelling of our latest-generation and most environmentally advanced ships,” declared Pierfrancesco Vago, Executive Chairman of MSC Cruises.


Charter rates edge higher

Shipping charter rates for LNG carriers in the spot market increased for West Of Suez by $2,000 per day to average between $34,000 per day and $30,000 per day for vessels of 155,000-165,000 cubic metres capacity. One-year charter rates for the most modern vessels also increased to around $54,000 per day from last week’s $49,000 per day.


Tokyo Gas spin-off plan

Tokyo Gas, one of the main Japanese LNG importers, said it would spin off a “preparatory company” to facilitate and ensure preparations for the legal separation of the Tokyo Gas pipeline division required by April 2022 under the Japanese Gas Business Act covering market liberalization. “The spin-off of the gas pipeline business is subject to approval by a resolution of the annual general meeting of shareholders scheduled to be held in June 2021 and the acquisition of licenses and approvals by the competent government agencies,” said Tokyo Gas.