In this issue

 

Golar LNG Ltd, the operator of conventional carriers, floating import and export terminals and a power affiliate backed by its fleet of 27 ships, is expanding its floating LNG relationship…
Free ReadThe Canadian Woodfibre LNG project being developed by the Asia-based Royal Golden Eagle (RGE) group of Indonesian businessman Sukanto Tanoto has pushed back the start of construction until the end…
LNG News Editor:  Indian liquefied natural gas monthly imports increased by more than 16 percent last month and were back on track for a record fiscal-year total as cargo shipments…
China's liquefied natural gas imports increased by 25 percent in October, though were still short of the monthly shipments received by the world’s No. 1 LNG importer Japan as the…
The Costa Azul project is example of early-stage involvement by the firm to qualify for EPC work
Free ReadLNG News Editor:  Teekay LNG Partners, whose gas group units own, charter or have stakes in 77 vessels, including 47 liquefied natural gas carriers and 30 liquefied petroleum gas or…
Flex LNG, the growing Norwegian-listed fleet owner with 13 modern carriers, 10 now on the water and three other newbuilds, swung back to profits in the third quarter as four…
LNG News Editor:  Hoegh LNG, the Norwegian LNG carrier fleet operator and floating import terminal project developer, reported stable third-quarter profits as one of its vessels resumed a floating import…
Free ReadThe Papua New Guinea LNG expansion proposal to more than double current output could proceed with the single Papua Gas Agreement signed with the Government and consist of two new…
Japanese liquefied natural gas imports fell again last month after a brief rebound the previous month as Asian and US deliveries dropped, offset by more cargoes from nations like Qatar…
LNG News Editor:  China National Offshore Oil Corp., the holder of the nation’s largest capacity for LNG imports, plans to increase storage at its Binhai import terminal under construction in…
Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making slower than expected progress on its Philippines LNG import terminal in Quezon Province because of…
Free ReadLNG News Editor:  The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants, while…
LNG News Editor:  Gasum, the Finnish state-owned LNG distribution company and regasification and liquefaction infrastructure owner in the Nordic region, has extended bunkering activities to include the Antwerp, Amsterdam and…

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.