In this issue

 

French LNG player and utility Engie, which most recently signed a supply contract with the Sabine Pass US export plant, said nine-month revenues plunged more than 38 percent at its…
Our North America editor Hawaii Gas, with operations on six islands of the US state, is planning to award contracts within months under its plan to import liquefied natural gas,…
Our North America editor US natural gas prices for next-day delivery at the Henry Hub hit their lowest point since April 2012 at $1.92 per million British thermal units, though…
Cheniere Energy's US Sabine Pass LNG export plant is scheduled to ship its first cargo by the end of January 2016 and the Houston-based company's other liquefaction project at Corpus…
Our Europe editor Chevron Corp. has started natural gas and oil production from an offshore field that spans the national boundaries for the first time of two African nations, one…
South African energy producer Sasol has jumped into the Mozambique LNG feed-gas equation by securing an exploration block shareholding with Italian energy producer Eni and others in a new bid…
Wison Offshore and Marine, the Chinese shipbuilder involved in LNG projects at its Nantong shipyard, has secured 4 billion Yuan ($630 million) financing from China Minsheng Bank.
Our Europe editor Royal Dutch Shell's second liquefied natural gas-powered offshore supply vessel "Harvey Power" has taken to the water in the US Gulf of Mexico and will serve platforms…
Crowley Maritime Corp., the US shipping line, held a naming ceremony on November 3 for the first of four new Jones Act oil products tankers with liquefied natural gas conversion…
The American Bureau of Shipping, the US classification society, was selected to class an LNG bunker barge under construction at a Texas shipyard that will be used to refuel ocean-going…

News Nudges

Total deal on bunkering

Total and Swiss-based MSC Cruises have signed an agreement for the French energy company to supply around 45,000 tonnes per annum of LNG for cruise ships calling at the Port of Marseilles. Total said it already had worldwide bunkering ties with MSC Cruises. “As we prepare to launch our first of three upcoming LNG-powered cruise ships in 2022, through this key agreement Marseilles will become our hub in the Mediterranean for the refuelling of our latest-generation and most environmentally advanced ships,” declared Pierfrancesco Vago, Executive Chairman of MSC Cruises.


Charter rates edge higher

Shipping charter rates for LNG carriers in the spot market increased for West Of Suez by $2,000 per day to average between $34,000 per day and $30,000 per day for vessels of 155,000-165,000 cubic metres capacity. One-year charter rates for the most modern vessels also increased to around $54,000 per day from last week’s $49,000 per day.


Tokyo Gas spin-off plan

Tokyo Gas, one of the main Japanese LNG importers, said it would spin off a “preparatory company” to facilitate and ensure preparations for the legal separation of the Tokyo Gas pipeline division required by April 2022 under the Japanese Gas Business Act covering market liberalization. “The spin-off of the gas pipeline business is subject to approval by a resolution of the annual general meeting of shareholders scheduled to be held in June 2021 and the acquisition of licenses and approvals by the competent government agencies,” said Tokyo Gas.