In this issue

 

LNG News Editor:  Qatargas has completed another LNG shipping feat with the first ever commercial ship-to-ship transfer of a cargo involving a Q-Flex LNG vessel at Subic Bay in Philippines.
LNG News Editor:  The American Bureau of Shipping, the US maritime classification society, and Singapore-based Keppel Offshore and Marine said they were currently completing key features of the world’s first…
Clough, the Australian energy engineering company, was awarded the engineering, procurement, construction and commissioning (EPCC) contract for the FortisBC Energy truck-loading expansion at the Tilbury LNG facility at Delta in…
Free ReadAvenir LNG, a company owned by Norwegian shipping and infrastructure companies, said its newest 7,500 cubic metres capacity LNG bunkering vessel has been launched in China and it would be…
LNG News Editor:  CME Group, the world's leading derivatives marketplace, has launched four new Japanese electricity futures contracts and two new LNG futures contracts will be available for trading on…
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…

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.