In this issue

 

Tuesday, 16 February 2016

Goldboro LNG now has all US permits as the Atlantic coast province has Canada lead

Goldboro LNG has become the second export project in the Canadian Atlantic coast province of Nova Scotia to receive all its US regulatory approvals to use feed-gas from across the…
Tuesday, 16 February 2016

Chiyoda says engineering work still high and awaits Mozambique LNG

Our Asia-Pacific editor Chiyoda Corp., one of the leading LNG companies, said it was awaiting a final investment decision on building a liquefaction plant in the southeast African nation of…
Tuesday, 16 February 2016

French LNG firm GTT signs accord with Daewoo

Gaztransport and Technigaz (GTT), the French LNG storage tank technology provider for carriers, signed a cooperation agreement with the South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering for the manufacture…
Tuesday, 16 February 2016

Fluor awarded contract for Cutback Ridge that will open Canada shale gas for LNG

Fluor Corp., the US LNG and energy engineering company, was awarded the contract for another phase of the Cutbank Ridge project as part of the long-term development of natural gas…
Tuesday, 16 February 2016

British Columbia renews pledge to develop LNG industry in face of the growing challenges

Our North America editor British Columbia Premier Christy Clark said her provincial government was pursuing Canada's' liquefied natural gas development policies in the face of several setbacks and "unforeseen global…
Tuesday, 16 February 2016

Japanese spot LNG prices year-on-year tumble from $13.90 to $7.90 per MMBtu

Our Asia-Pacific editor The average price of spot liquefied natural gas imported into Japan that arrived in January was $7.90 million British thermal units compared with $13.90 per MMBtu in…
Tuesday, 16 February 2016

Shell signs LNG purchase deal with US developer of two Louisiana plants

US developer Venture Global LNG said it signed a sales and purchase agreement with Shell North America for one million tonnes per annum of LNG from its export project at…
Tuesday, 16 February 2016

Shipments of LNG to China forecast to recover

Chinese imports of liquefied natural gas declined by just over 1 percent year-on-year, the first fall in Chinese shipments since they first began at the Dapeng facility in Guangdong province…
Tuesday, 16 February 2016

Natural Gas Fuels of US posts mixed results and gives Marcellus Shale insight

Natural Gas Fuels, a bellwether US company with operations in all segments of the natural gas industry, including shale-gas that will underpin LNG exports, pipeline and storage as well as…
Monday, 15 February 2016

Pakistan signs 15-year Qatar supply deal to open way for more regas facilities

Our Asia editor  Pakistan has signed a 15-year liquefied natural gas supply deal with Qatar that is expected to open the way for more import facilities in the Asian nation…
Monday, 15 February 2016

US LNG export project near Savannah in Georgia begins countdown to final permit

US pipeline and terminal operator Kinder Morgan has received the go-ahead for its Elba Island liquefied natural gas export plant at an existing import terminal near Savannah in the state…
Monday, 15 February 2016

Sales of cleanest form of LNG fuel rise in California helped by corporate contracts

Our North America editor  Clean Energy Fuels Corp. of California said its sales of liquefied natural gas and compressed natural gas vehicle fuel made from organic waste methane increased to…
Tuesday, 09 February 2016

Delays in LNG projects stack up - but volume cuts will boost prices

Investments are put on hold and projects delayed to help revival Our Europe editor The postponement of the LNG Canada final investment decision from April until the end of the year and hold-ups…
Tuesday, 09 February 2016

Anadarko Petroleum of US is still upbeat about Mozambique LNG despite losses

Our North America editor Anadarko Petroleum, one of the developers of the main liquefied natural gas project of Mozambique, posted fourth-quarter and annual losses of $1.25 billion and $6.69Bln respectively…
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News Nudges

Brownsville contract

NextDecade Corp., developer of the Rio Grande LNG export project in Texas, said that after a competitive bid and contracting process it had selected Great Lakes Dredge and Dock Corp. to perform improvements near its planned facility on the Brownsville Ship Channel. “These improvements, which include deepening the Channel, will enhance commercial navigation into and out of the Port of Brownsville, ensuring the safe and reliable access of LNG carriers to NextDecade’s Rio Grande LNG facility and optimizing the ability of shallower draft traffic to pass LNG carriers in either direction in accordance with US Coast Guard guidelines,” the company explained.


Saudi Aramco bond sale

The Saudi Arabian Oil Company, the world’s biggest oil industry operator with future LNG and natural gas plans, is planning to offer around $6 billion of bonds following a $12Bln bond sale in April 2019 that sparked buying orders of over $100Bln, mostly from US fund managers and making it the most over-subscribed bond sale in history.


Charter rates flat

Shipping charter rates for LNG carriers in the spot market were unchanged in the past week as the Northern Hemisphere winter market demand continued to be firm. Rates were quoted at an average of between $109,000 per day and $115,000 per day West of Suez. The same levels of spot rates were also heard for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.