In this issue

 

Our Asia-Pacific editor The Japanese government said the average price of spot liquefied natural gas cargoes imported into Japan last month was $7.50 per million British thermal units compared with…
Liquefied natural gas import prices for Japan can be expected to remain low until the middle of 2016, according to the latest Japanese perspective on the international energy landscape and…
Our Asia-Pacific editor Bechtel Inc., the San Francisco-based liquefied natural gas plant builder, said it was still working on two of the six liquefaction Trains it was contracted to construct…
The three-month countdown has begun for the most important liquefied natural gas conference to take place in recent years, the LNG 18 event scheduled for April 11-15 at the Perth…
Danish shipping company orders two more support vessels for Australian LNG plant
Our North America editor Canada's National Energy Board has awarded its first 40-year liquefied natural gas export licence to the Royal Dutch Shell-led joint venture with three Asian companies, including…
A former Canadian gold and silver mining town on the northern Pacific Coast of British Columbia may become the location of a liquefied natural gas project after regulators awarded an…
Our Asia-Pacific editor InterOil Corp., the Papua New Guinea liquefied natural gas plant developer and stakeholder, has told US investors that its project was on course to produce the lowest-priced…
LNG Canada, the proposed export plant led by Royal Dutch Shell and to be sited near the British Columbia Pacific coast town of Kitimat, has received a facility development permit…
Our North America editor TransCanada Corp., the main Canadian LNG feed-gas pipeline company with contracts to bring shale-gas from the Montney shale in northeast British Columbia to the Pacific coast,…
Our Europe editor The price of oil-linked LNG has taken a further hit as the price of North Sea Brent crude dropped to an 11-year low on concern about global…
China Insurance Investment Ltd., backed by Chinese insurance companies and local equity funds, plans to direct part of its 40 billion yuan ($6 billion) in assets to the Russian Yamal…
Chinese energy company Sinopec, a shareholder in the Australia Pacific LNG project, said its Fuling shale-gas venture in Chongqing in southwest China now had annual production capacity of 5 billion…
Out Asia-Pacific editor Australian liquefied natural gas player Origin Energy and a joint venture partner have decided to go ahead with investments in the Waitsia gas field project in the…

News Nudges

Narrabri Gas gets go-ahead

Australian LNG plant operator Santos said it welcomed the approval by the Federal Environment Ministry of the Narrabri Gas Project in New South Wales and will now embark on a 12-18 month appraisal program ahead of a final investment decision. Adelaide-based Santos operates the Gladstone LNG plant in Queensland and has a stake in Darwin LNG and the export facility in Papua New Guinea. The Narrabri project is for coal seam gas development with around 850 wells planned.


Asian firms nominated

The France-based International Group of Liquefied Natural Gas Importers (GIIGNL), which has 86 members in 27 countries, has promoted three companies to its Executive Committee at its annual meeting. They are China National Offshore Oil Corp (CNOOC) Gas, Power and Trading, CPC Corp. of Taiwan and Indian importer Petronet LNG. “The increase with three new members from Asia reflects the growing importance of LNG imports in the region,” said the group.


Charter rates firm

Shipping charter rates for LNG carriers in the spot market remained firm in the past week as Northern Hemisphere winter market cargoes flowed. 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. One-year time charters for the most modern vessels were available for around $47,000 per day.