Santos price forecast
Australian LNG operator Santos, whose shareholdings are in the Gladstone facility in Queensland, Darwin LNG in the Northern Territory and Papua New Guinea LNG, forecast higher LNG prices in the second quarter after the Adelaide-based company reported US$964 million in revenues in the first three months of 2021. Santos said production was 2 percent lower than in the December quarter, primarily due to lower domestic gas demand and unplanned maintenance in PNG LNG. Higher GLNG equity production from coal-seam gas fields supported annualised LNG output of 6.4 million tonnes per annum.
Seaspan Marine. the ferries-to-tugs shipping and ship services company based in Vancouver, said it secured an Approval in Principle from French classification society, Bureau Veritas, for the design of a liquefied natural gas bunkering vessel with 7.600 cubic metres capacity. The vessel has been designed for ship-to-ship LNG transfers as well as coastal-short sea shipping by Vard Marine Inc., a partner of Seaspan Ferries.
Algeria gas deliveries
Algeria's natural gas exports recorded a marked increase in the first quarter of 2021 after an increase in its production and demand from its customers, according to state energy company Sonatrach. Italy was the leading destination in the first quarter for Algerian gas exports with a total volume of 6.4 billion cubic metres, an increase of 109 percent on 2020.