In this issue

 

Free ReadWoodside again demonstrated its public transparency by declaring that it paid A$583 million (US$435M) in corporate taxes in Australia for the previous fiscal year and a total of A$10 billion…
One of the best-known and among the longest-serving senior executives in the LNG sector, the Chief Executive of Woodside Petroleum, Peter Coleman, has announced his intention to retire in 2021.
LNG News Editor:  Australia is on track for record LNG shipments to remain the world’s largest exporting country, ahead of Qatar and the US, even in a year when two…
LNG News Editor:  Chevron Corp., one of the world’s leading LNG production companies with three operated plants in Australia and Angola, said it would spend $14 billion in 2021, mainly…
Free ReadLNG News Editor:  Sempra Energy’s Mexican subsidiary said a joint venture formed by the Costa Azul LNG export project, including French energy major Total, has signed a loan agreement for…
Global law firm Reed Smith announced its hiring of James Atkin as a partner in its global Energy and Natural Resources Group and London office, particularly specializing in liquefied natural…
The British Columbia Oil and Gas Commission in Canada has awarded a three-year contract to a Houston, Texas-based company to conduct project reviews and assist in Field Inspections of LNG…
LNG News Editor:  China Petroleum and Chemical Corp. (Sinopec), one of the main Chinese LNG importers, is taking steady volumes from Australia
Free ReadOperators in the LNG business are assessing the possible impact of the US Defense Department’s blacklisting of China National Offshore Oil Corp., the nation’s largest LNG importer, to its list…
California company overhauls subsidiaries to bundle three LNG plants and other assets
LNG News Editor:  Fluxys, the Belgian grid operator and owner of the Zeebrugge LNG terminal and with a large stake in Dunkirk LNG in France, has taken delivery along with…
Free ReadAnglo-Australian global commodities company BHP has awarded its first LNG supply agreement for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron ore between Western Australia and China from 2022.…
LNG News Editor:  The Hiranandani Group of India said its H-Energy subsidiary had entered into a binding commitment with Norway’s Höegh LNG for the supply of a floating storage and…
Glencore, the UK-listed commodities and mining company, has completed the takeover of the loss-making liquefied natural gas business of Danish energy company Orsted, including long-term capacity at the Dutch Gate…

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.