LNG

Peru supplies for Asia

The Peru LNG export plant at Pampa Melchorita on the Pacific Coast shipped four cargoes to Asia in February 2021, three to South Korea and one to Japan. The first cargo shipped to South Korea left on February 1 on the 170,000 cubic metres capacity carrier “Methane Julia Louise” at a Japan-Korea Marker price of $7.65 per million British thermal units, according to data from Peruvian national energy company PeruPetro. The second shipment headed for Japan on February 6 on the 138,200 cubic metres capacity carrier “Methane Kari Elin” with a similar JKM price.

Spot charters rates fall

Qatar Petroleum signed a long-term Sale and Purchase Agreement (SPA) with global commodities Shipping charter rates for LNG carriers in the spot market dropped again this week by as much as $8,000 per day. They settled at an average of between $32,000 per day and $28,000 per day for vessels of between 155,000-165,000 cubic capacity in the West of Suez market as well as the East of Suez charter market, according to various brokers. One-year time charters for the most modern vessels were available for around $48,000 per day.

Oil Search CFO change

Oil Search, the energy company with LNG and oil assets in Papua New Guinea and oil projects in the US state of Alaska, has named Peter Fredricson as its new Chief Financial Officer to replace Stephen Gardiner, who is stepping down after eight years. Gardiner will continue to assist Oil Search as an adviser to the Managing Director Keiran Wulff. The Australian-listed and PNG-based company said that CFO Fredricson had over 30 years of experience in the infrastructure and banking sectors in Australia, New Zealand and Asia.