China LNG Index up
China's import price index for liquefied natural gas rose in the past week, according to data from the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index is for delivered cargoes, not including tax. The most recent quote for Cost, Insurance and Freight (CIF) delivered cargoes was given as 2,996 yuan ($421) per tonne, or $8.23 per million British thermal units, compared with last week’s price of 2,821 yuan ($397) per tonne, or $7.74 per MMBtu.
US cargoes increase
The US shipped 19 LNG cargoes from its export plants last week compared with 15 in the previous week. Nine shipments left Cheniere Energy’s Sabine Pass plant in Louisiana, while three departed from Cheniere’s Corpus Christi facility in Texas. At the four other plants, three were shipped from the Freeport plant in Texas, two departed from Sempra Energy’s Cameron facility in Louisiana, two left from Dominion Energy’s Cove Point in Maryland and none from the newest facility, the Elba Island plant in Georgia, according to the Energy Information Administration.
Pavilion green plan
Pavilion Energy, the Singapore liquefied natural gas importer and a subsidiary of the city state’s wealth fund Temasek, is calling for offers to jointly develop a reporting methodology for carbon-neutral deliveries of LNG. The company launched a request for the proposal, which comprises three components: supply of up to 2 million tonnes of LNG per annum for Singapore; ideas for greenhouse-gas emission reductions; and collaboration on the methodology.