In this issue

 

Glencore, the UK-listed commodities and mining company, has completed the takeover of the loss-making liquefied natural gas business of Danish energy company Orsted, including long-term capacity at the Dutch Gate…
The Emerging Africa Infrastructure Fund (EAIF) said it had agreed a loan deal with a project company in West Africa, adding the last block in a financing arrangement for a…
Free ReadLNG News Editor:  China LNG, the Hong Kong-listed supply and small-scale logistics services company also involved in the leasing of vehicles and LNG tank trailers, narrowed its first-half net losses,…
LNG News Editor:  Naturgy, the Spain-based European utility with LNG volumes from the US and Russia and gas and power interests in Latin America, said it agreed to sell its…
LNG News Editor:  Golar LNG Partners, the owner of 10 vessels, said that growing underlying demand and limited new nameplate production additions through to 2023 will result in LNG prices…
Free ReadWoodside Petroleum, the operator of two LNG export plants in Western Australia, said it had become one of a handful of companies worldwide to simultaneously use more than 1 million…
The French containership line, CMA CGM, has taken delivery of its third Ultra Large LNG-powered containership, named the “CMA CGM Palais Royal”, from the Chinese Hudong-Zhonghua Shipbuilding group's Jiangnan shipyard…
LNG News Editor:  Russian natural gas giant Gazprom marked the first anniversary of the coming on stream of the first gas pipeline from Russia to China, regarded as competition for…
Free ReadGazprom, the largest supplier of pipeline natural gas to Western Europe and a main competitor to LNG, posted a nine-month net loss because of the weak Russian currency and as…
GRTgaz and regional partner Teréga outline storage and supply picture for EU LNG
LNG News Editor:  The Abu Dhabi Supreme Petroleum Council (SPC) has approved 448 billion dirhams ($122 billion) in capital expenditure for national oil and gas company and LNG exporter Abu…
Norway, Western Europe’s largest oil and gas producer and the third-largest exporter of natural gas in the world after Russia and Qatar, has announced its 25th licensing round on the…
Free ReadLNG News Editor:  Saipem, the company currently working on the major global LNG project, said it received a contract to conduct booster compression module front-end engineering and design services for…
Zvezda Shipbuilding in the Russian Far East has held a steel-cutting ceremony for the first in a series of 15 ice-breaking LNG carriers ordered by the nation’s Sovcomflot shipping line…

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.