In this issue

 

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…
Firms are increasing their traded cargo numbers as well as seeking supply chain access
Free ReadLNG News Editor:  JGC Corp. of Japan, one of the leading global LNG engineering companies with contracts at LNG Canada in British Columbia and hopeful of new contracts in Qatar…
Japanese spot LNG prices for contracted and delivered cargoes increased in November from the previous month, while no year-on-year comparison was possible for fixed contracted volumes as in November 2019…
LNG News Editor:  Intercontinental Exchange, the US-based operator of global trading platforms and clearing houses, has launched a futures contract linked to LNG cargoes on the West Coast of India…
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…

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.