In this issue

 

LNG Journal editor CME Group, the world's leading derivatives marketplace, reported its December and full-year 2019 market statistics, showing it reached average daily volumes in energy of 2.1 million contracts…
Free ReadClarksons, the London-based ship brokers and shipping and financial services company, said it had completed the world’s first LNG freight futures trade at year-end involving two of the leading global…
LNG Journal editor The US Delta LNG project, the third of three export plants being development in Louisiana by the company Venture Global, slightly delayed filing for its regulatory permits…
LNG Journal editor UK maritime security consultants, Dryad Global, reported an attack by a single speedboat with 10 armed men on-board on the liquefied natural gas carrier, “LNG Lokoja”, while…
Free ReadThe Anglo-Australian global commodities, mining and energy company BHP, whose assets include Australian LNG and gas stakes, said it would award a contract in the first quarter of 2020 after…
Air Liquide, the French industrial gases company, said it was marketing an exclusive, patented technology that is perfectly suited to the needs of liquefied natural gas carriers and LNG bunkering…
LNG Journal editor Fluxys Belgium said that the Zeebrugge import terminal had formally started its long-term trans-shipment contract with the Russian Yamal export plant in Russia with the loading of…
Free ReadEuropean natural gas trading in the day-ahead and month-ahead over-the-counter markets in London covering the eight major gas hubs in Europe soared more than 25 percent as prices plunged, according…
Energy major is evaluating strategic alternatives for various projects LNG Journal editor Chevron Corp., a leading liquefied natural gas operator in Australia, said it was downgrading investment plans for other…
LNG Journal editor Vitol, the global commodities company, has signed a 10-year deal with Nigerian LNG to buy 500,000 tonnes per annum as the Swiss-based trader expands its portfolio in…
Trafigura Group, the global commodities market participant, said the global LNG market continued to grow rapidly in size and complexity in 2019, driven by abundant new flows from the US…
Free ReadLNG Journal editor Shares in Saudi Aramco, the oil company of Saudi Arabia, surged in their debut on the Saudi Tadawul stock exchange, reaching a 10 percent daily limit for…
Cheniere Energy has been granted an extension to its permit for the completion of the sixth processing Train at the Sabine Pass export plant in Louisiana.
McDermott International and Zachry Group of the US, along with Chiyoda Corp. of Japan, say that Train 2 at the Freeport liquefaction and export plant on Quintana Island in Texas…

News Nudges

Charter rates are steady

Shipping charter rates for LNG carriers in the spot market were steady. Rates were quoted at an average of between $33,000 per day and $30,000 per day West of Suez and at rates of between $32,000 per day and $29,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters were steady for the most modern vessels and were seen at rates of around $43,000 per day. Brokers said West of Suez activity included a handful of fixtures and free-on-board transactions.


Norwegian plant restart

Equinor of Norway said it would restart Europe’s only baseload LNG export plant at Hammerfest on June 18 after scheduled maintenance of several weeks has been completed. Equinor’s liquefaction plant shut-down reduced natural gas production by 18 million cubic metres per day from the Snohvit feed-gas field. The single-Train Hammerfest plant supplies cargoes to LNG import terminals such as those in Spain and in northwest Europe from the Netherlands to Lithuania.


Gladstone award for KBR

Energy engineer KBR was awarded an energy efficiency study from Australia’s Santos for its Gladstone LNG plant on Curtis Island in Queensland. KBR will assist GLNG in identifying potential modifications to boost the operations at the facility through improvements to thermal efficiency while also accounting for the associated reduction in carbon emissions. GLNG is a joint venture of Santos, Malaysia’s Petronas, France’s Total, and Korean Gas Corp.