In this issue

 

LNG Journal editorRussian natural gas company Gazprom said the 1,800th cargo departed from the Port of Prigorodnoye on Sakhalin Island in Russia’s Far East from the liquefaction plant that is…
Russia has brought in tax breaks for Arctic region liquefied natural gas and oil projects proposed for Northern Siberia where increased output will help take the Russian LNG export total…
LNG Journal editor Preem, the Swedish refining company and fuel exporter, signed an agreement with Gasum of Finland to purchase a new liquefied natural gas blend containing 10 percent biogas…
Free ReadLNG Journal editor Indian liquefied natural gas imports jumped by more than 67 percent last month to 40 cargoes as import capacity gradually increases to handle the shipments, mainly from…
Japanese liquefied natural gas imports dropped last month and the nation’s cargo costs fell along with lower LNG prices while thermal coal deliveries were preferred for power generation.
The Indian Ministry of Petroleum and Natural Gas said it had received several complaints of alleged corruption and irregularities against senior executives of Petronet LNG, the owner of two import…
LNG Journal editor China National Offshore Oil Corp., the state-backed oil and gas producer and the nation’s largest LNG import terminal owner, said annual net profits rose almost 16 percent…
Free ReadENN Energy Holdings, the Chinese city-gas company and owner of the Zhoushan LNG import terminal in eastern Zhejiang province, reported a jump in annual profits and increased retail gas sales.…
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…

News Nudges

Gazprom posts loss

Gazprom, the main pipeline gas competitor to LNG in Europe and China, said first-quarter gas sales revenues dropped by 24 percent to 1.73 trillion roubles ($24.52 billion) compared with 2.29 trillion roubles ($32.3Bln) in the same period in 2019. The company reported a first-quarter net loss of 116 billion roubles ($1.64 Bln), compared with a net profit of 536Bln roubles ($7.5Bln) in the 2019 first quarter. Overall natural gas sales dropped by 13 percent to 138.1 billion cubic metres from 158.9 Bcm in the 2019 first quarter.


Australian exports fall

Australian LNG shipments in June were down by eight compared with May, primarily due to scheduled maintenance at the Gorgon plant on Barrow Island in Western Australia. “Australian projects shipped 5.9 million tonnes (85 cargoes) in June, compared with 6.4MT (93 cargoes) in May,” said a report by consultants EnergyQuest. “In June there were still a large number of cargoes that have had their delivery delayed.


Czech LNG station

GasNet, the natural gas distribution company of the Czech Republic, launched its first mobile public self-service LNG filling station. The station is located in Klecany near Prague and is a short distance from the D8 motorway. “This modern and environmentally friendly technology is available 24/7 to truck drivers,” said GasNet.“LNG truck drivers can now refuel in Klecany in the Volvo Group Truck Centre Prague-North. The public gas station is only 8km from the capital, is self-service and open 7 days a week, 24 hours a day,” added GasNet.