In this issue

 

Japanese marine classification society Nippon Kaiji Kyokai, known as ClassNK, has approved a design for a bulk carrier being built at a shipyard in Japan and to be fuelled with…
Our North America editor Koch Industries energy subsidiary Flint Hills Resources has filed for an export permit to ship liquefied natural gas in containers it plans to purchase from the…
Australian developer LNG Ltd has received its final environmental impact statement from US regulators for its Magnolia LNG export venture in Louisiana and at the same time has agreed a…
Our Asia-Pacific editor Inpex Corp., the Japanese energy company and LNG project developer, said the floating production venture it is planning offshore Indonesia with Royal Dutch Shell would produce 7.5…
Our Europe editor Ophir Energy of the UK announces that it has finalised commercial terms and is in the process of signing preliminary sales agreements for LNG offtake from the…
The Texas LNG Brownsville project said it had submitted all 13 draft resource reports to the Federal Energy Regulatory Commission, a key accomplishment in the US Government regulatory approval process,…
The Japanese government said the average price of spot liquefied natural gas cargoes delivered to Japan in October was $7.90 per million British thermal units compared with $15.30 per MMBtu…
Japanese electric power utilities imported almost 19 percent less liquefied natural gas in October compared with a year ago as heavy fuel oil and thermal coal purchases also dropped with…
Clean Energy Fuels Corp., one of the largest providers of LNG and other natural gas fuels for transportation in North America, continues to make progress and has boosted its volumes…
Our North America editor Australian liquefied natural gas stakeholder Santos, the subject of a bid inquiry from an equity fund backed by Brunei and Dubai investors, has named Kevin Gallagher…
Our Europe editor The liquefied natural gas construction industry has enjoyed a sustained boom thanks to healthy order books for new LNG projects, especially in the US and Australia. It…
Global natural gas trade is expanding and LNG is increasing more rapidly than pipeline gas and there will be ample supply of LNG cargoes over the medium term, the International…
Our Europe editor Gaz Metro LNG, a unit of the largest natural gas company in the Canadian province of Quebec, has signed commercial agreements with UK National Grid's New England…
Crowley Maritime Corp.'s petroleum distribution group has been granted approval by the US Department of Energy and the National Energy Board of Canada to import Canadian-sourced LNG for supply, transportation…

News Nudges

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.