In this issue

 

Indian LNG imports continued their 2022 decline though at a slower pace as costs in the year-on-year period jumped 65 percent and domestic natural gas output also began to lose…
Free ReadLNG News Editor:  US export plant Freeport LNG in Texas has undertaken a work and safety methods overhaul as it moved ahead to return to a full production ramp-up in…
LNG News Editor:  Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland, saw its shares up 35 percent higher on November 14 as investors considered…
LNG News Editor:  Technip Energies, one of the leading LNG project engineering companies, has signed an accord with US energy services company Baker Hughes to cooperate on developing mid-scale and…
The American Gas Association (AGA) welcomes a new report that examines regulatory changes that will support investments and infrastructure improvements necessary to support broader energy system resilience.
Free ReadSaipem, the Italian subsea and drilling company, has been awarded contracts in the LNG-producing nation of Angola for the Azule Energy joint venture and for wells in the Côte d'Ivoire…
LNG News Editor:  Singapore’s main LNG company Pavilion Energy and the biggest Chinese LNG importer, China National Offshore Oil Corp., have signed an accord for strategic cooperation on LNG bunkering…
Wood Mackenzie, the energy consultants and a subsidiary the US Verisk analytics business, has launched a new data and solutions platform called Lens Gas & LNG.
Höegh LNG Holdings, the owner of 10 floating storage and regasification units (FSRUs) and two conventional carriers, posted a quarterly loss because of operational issues and ships being out of contract…
Free ReadLNG News Editor:  Flex LNG, the Norwegian shipping company with a fleet of 13 modern vessels and several chartered to the largest US exporter Cheniere Energy, reported higher third-quarter revenues…
Chart Industries, the US LNG equipment-maker and industrial gases and clean energy company, has signed definitive agreements to acquire Howden, a leading UK-based global provider air and gas handling products…
TC Energy, the Canadian natural gas pipeline company, reported strong third-quarter results and progress on supplying US Gulf Coast LNG plants, the LNG Canada project and has new joint venture…
Free ReadExcelerate Energy, the leading US-based LNG terminal provider in the form of floating storage and regasification units, reported much improved third-quarter results and higher future earnings prospects as projects advanced…
The US Government has reduced its previous benchmark Henry Hub price forecast my over $1 per million British thermal units while LNG exports are set to rise and American consumers…

News Nudges

Russian LNG cargoes

Japan and China remain the biggest buyers of LNG from Russia, whose two export plants are Sakhalin in the Russian Far East and the Yamal plant in Northern Siberia. Shipping data showed that between January and October 2022 Japan bought around 5.96 million tonnes of LNG from Russia, a fall of 10 percent from 2021, while China purchased 5.67MT, an increase of 24 percent from 2021. After Japan and China, the other main buyers of Russian LNG cargoes through October 2022 have been France (4.75MT), Spain (3.24MT), Belgium (1.78MT) and the Netherlands (1.67MT).


Newbuilds increase

Shipyards in China and South Korea have seen orders in the past month for at least eight newbuild liquefied natural gas carriers and one floating storage and regasification unit (FSRU) as the global fleet expands to meet rising demand. The orders include two vessels of 175,000 cubic metres capacity under an order made by German ship management company Hammonia Reederei and to be delivered between 2025 and 2026 from China's Yangzijiang Shipbuilding.


Woodside funding

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, said it had continued its track record of contributions to the state’s communities with a A$50 million (US$33M) commitment to the Resources Community Investment Initiative (RCII) announced by State Premier Mark McGowan. Woodside Chief Executive Meg O’Neill said Woodside was pleased to join with the WA Government and other industry participants to establish the RCII, which will facilitate investment in infrastructure projects and community and social initiatives across the state.