This week

Mexico leads natural gas rise
but South America gas stalls

North American natural gas demand is expected to continue to grow in 2024, driven by gas burn for power, though mild weather weighed on early year sales in Canada and the US while Mexico remained a prime market unlike some South American countries like Brazil.

Latest News
Qatar Gas Transport Company, known as Nakilat and a global leader in liquefied natural gas shipping, is expanding its fleet to 80 ships through 2027 with orders…
Wood, the London-listed energy engineering and consulting company formerly known as John Wood Group Plc, has secured a contract from South Korea’s Hyundai Heavy Industries for detailed…
Free ReadThe Ksi Lisims LNG Partnership, a development joint venture of the Nisga’a Nation, Rockies LNG and Western LNG LLC for a floating liquefaction and export plant near…
UK major Shell expects to take non-cash impairment charges of between $2.5 billion to $4.5Bln for the fourth quarter, mainly related to the Singapore refining and chemicals…
GAIL (India) Ltd, the shareholder in Petronet LNG and the operator of the Dabhol import terminal in the West Coast state of Maharashtra, signed a long-term supply…
Samsung Heavy Industries (SHI), the South Korean shipbuilder, has put a value of US$1.5 billion on the floating liquefied natural gas (FLNG) facility recently ordered for the…
Intercontinental Exchange Inc. (ICE) reported a trading surge in 2023 in natural gas futures and options with very high liquidity and including record open interest of 39…
Chesapeake Energy Corp. and Southwestern Energy Co., two companies that helped enable the start of US liquefied natural gas exports by providing low-priced feed-gas, are reported to…
US natural gas prices and Asian spot cargo values signalled that the price of gas around the world had dropped far enough, led down by high European…
Free ReadSaipem, the Italian LNG and energy engineering company, has completed the South Gas Compression Plant Pipelines project to increase the life of a substantial number of natural…

LNG firm’s CCS funds

Feb 26 (LNGJ) - Santos, the Australian and Papua New Guinea LNG plant shareholder and operator, has secured finance for the company’s share of the US$220 million Moomba carbon-capture and storage (CCS) project in South Australia. The facilities, arranged over five years and totalling US$150M, will be used to cover project costs incurred to date and to use as the project progresses to the first carbon injection targeted for mid-2024.

   Santos said the willingness of banks to fund energy transition projects at very competitive rates indicated their recognition of CCS as a vital tool to control carbon. “The strong support Santos has received is underpinned by the progress we are making focused on reducing our own emissions and those of our customers, as well as on developing low-carbon fuels as customer demand evolves,” said Santos Chief Executive Kevin Gallagher.

Flex LNG charters

Feb 23 (LNGJ) - Flex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to some of the largest market players, has seen the charterer of “Flex Courageous”, known to be BP of the UK, exercise its first extension option. The “Flex Courageous” was fixed on a three-year time charter on November 1, 2021, together with the “Flex Resolute” which was also recently extended by two years until 2027.

   “We are pleased that the charterer of ‘Flex Courageous’ has decided to extend the Time Charter in line with what was recently done for ‘Flex Resolute’. This means that earliest redelivery for the ship is 2027 where the charterer has a further option to extend her until 2029,” said Øystein Kalleklev, Chief Executive of Flex LNG Management AS. “Flex LNG has about 94 percent charter coverage for the remaining part of 2024, so we remain well positioned with only one ship, the ‘Flex Constellation’, coming open during the second quarter,” Kalleklev added.

Vitol biofuels boost

Feb 22 (LNGJ) - Vitol Bunkers, the maritime fuelling unit of the global commodities firm, has taken delivery of the “Marine Future”, its first specialised bunker barge in Singapore, strengthening its position in Asia’s expanding biofuel bunker market. “The addition of this specialised IMO-type 2 notation bunker tanker to the V-Bunkers fleet will uniquely make it possible to supply biofuel blends including B24, B30 and up to B100,” said Vitol Bunkers. Biofuel sales in Singapore reached 520,000 tonnes in 2023, an increase on the previous year when volumes were 140,000 tonnes. 

   Built in China, the “Marine Future” is 102.6 metres in length and has the capacity to carry about 7,000 million tonnes of biofuels. “The current fleet of bunker tankers in Singapore are classified as ‘oil tankers’ and are therefore restricted to a maximum of 25 percent bio component in biofuel blends. This new bunker tanker has no such restriction, hence can deliver bunker fuels consisting of 100 percent bio component (B100),” the company said.

Pluto LNG modules

Feb 21 (LNGJ) - Woodside Energy said the first three Pluto Train II modules for the Scarborough expansion project have arrived at Karratha in Western Australia. The modules were fabricated at an Indonesian yard by US energy engineers Bechtel and weigh a combined total of more than 4,000 metric tonnes. “The safe and timely arrival of the module is testament to the hard work and dedication of the Woodside team and our lead contractor Bechtel,” said Woodside Chief Executive Meg O’Neill said.

   Woodside said that the modules were three of a total of 51 that would be shipped to the site from the module yard to form Pluto LNG Train II. The second Pluto Train will have nameplate capacity of 5 million tonnes per annum and up to 3 MTPA of LNG will be processed at the existing Pluto Train 1 following modifications to accommodate the Scarborough field’s lean gas. The Pluto expansion is scheduled to ship its first cargo in 2026.

UK and Dutch cargoes

Feb 20 (LNGJ) – Two cargoes will be delivered in the next week to the UK and the Netherlands. The “Castillo De Santisteban” with 173,600 cubic metres capacity is expected to unload a cargo on February 21 at the UK Isle of Grain LNG terminal, located on the Medway River southeast of London, according to shipping data. The shipment was loaded on January 29 at the Bonny Island export plant in Nigeria.

   The “LNG Rosenrot” with 174,000 cubic metres capacity is scheduled to deliver a US cargo on February 27 to the Dutch Gate terminal in Rotterdam.  The cargo was lifted on February 13 from the Freeport export plant in Texas.

Pavilion LNG fuelling

Feb 19 (LNGJ) - Pavilion Energy, the Singaporean natural gas and LNG bunkering company, has successfully deployed the newbuild small-scale LNG fuelling vessel “Brassavola” for her maiden ship-to-ship fuel operation. The Singapore-built “Brassavola” was delivered just two weeks ago to Pavilion under a charter. The bunkering operation involved a dual-fuel bulk carrier, the “Mount Api”, chartered by global commodities and mining company Rio Tinto. This follows the recent delivery of the “Brassavola” to Pavilion Energy at the end of January 2024.

   “The steady development of our LNG bunkering solutions from truck operations to our ship-to-ship LNG bunkering activities today is a testament to the strong operational expertise of our team,” said Malcolm Lim, Division Head of Singapore Hub at Pavilion. The “Brassavola” will also be deployed by TotalEnergies Marine Fuels to serve its customers under a long-term agreement with Pavilion.The bunkering ship was built by Seatrium and delivered to the local owner Indah Singa Maritime, a subsidiary of Japanese shipping company Mitsui OSK Lines.

Crown LNG listing move

Feb 16 (LNGJ) - Catcha Investment Corp, a publicly traded special purpose acquisition company listed on the New York Stock Exchange, has scheduled an extraordinary meeting of shareholders on March 6 to approve a proposed combination with Norwegian-based Crown LNG Holdings AS, a leading provider of LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations. The meeting will be held in person at the offices of Goodwin Procter LLP, 620 8th Avenue, New York, and virtually via a live audio webcast.

   “The parties anticipate that the business combination will close and the combined company’s ordinary shares and warrants will commence trading on the NYSE or the Nasdaq Capital Market,” the statement added. “We are pleased to have reached this important milestone on our journey to becoming a public company,” said Swapan Kataria, Chief Executive of Crown LNG. “The LNG market is supported by strong tailwinds, including rising energy security concerns and the increasing use of natural gas as a transition fuel. We believe this transaction will enable us to provide investors with a stable, long-term return on their investment while meeting the strong and growing global demand for harsh weather LNG infrastructure,” Kataria stated.

Renergen LNG re-start

Feb 15 (LNGJ) - Renergen, South Africa’s small-scale liquefied natural gas and liquefied helium production company, has re-started LNG deliveries after a maintenance outage. The LNG plant is part of the Virginia Gas project located about 250 kilometres southwest of Johannesburg. “The delays suffered during the planned maintenance outage were primarily as a result of the scheduled maintenance period being brought forward to coincide with a helium coldbox repair,” said Renergen.

   “The shut-down ran longer than expected owing to unexpected challenges experienced with the primary mixed-refrigerant compressor,” the company added in a statement to reassure investors. “The company will seek to obtain relief from insurance cover and or a contractual claim against its suppliers,” added Renergen.

Vopak boosts profit

Feb 14 (LNGJ) - Royal Vopak, the Dutch global storage company, reported higher annual and fourth-quarter net profits and revenues amid progress on liquefied natural gas projects. Vopak posted revenues for 2023 of €1.42 billion ($1.57Bln) compared with €1.36Bln in 2022. “We expanded our open-access LNG capacity in the Netherlands to support energy security, strengthened our leading position in India and solidified our leading industrial terminal position with investments,” Vopak said.

   Excluding exceptional items, Vopak reported annual net profits of €412.9 million compared with €294.4M in the previous year and fourth-quarter net profits came to €105 million versus €88.5M in the same three months of 2022. “Growth across most of the business units led to a healthy proportional occupancy of 91 percent and Ebitda of €964M which is a record result for Vopak leading to a 9 percent year-on-year increase,” said Chairman and Chief Executive Dick Richelle. “We successfully completed the divestment of three chemical terminals in Rotterdam and a chemical distribution terminal in Savannah in the United States. We continued to grow our base in industrial and gas terminals with expansion in China, the US, India and the Netherlands,” Richelle added.

Inpex earnings

Feb 13 (LNGJ) - Inpex Corp., the Japanese oil and gas company with LNG assets in Australia and Indonesia, reported a 6.8 percent decline in annual consolidated net sales to 2.16 trillion yen ($14.5 billion) from 2.32 trillion yen ($15.57Bln) in 2022 due to a fall in the price of crude oil. Inpex reported a 19.4 percent drop in annual net profits to 371.53 billion yen ($2.49Bln) from 461.06Bln yen ($3.09Bln) in 2022.

   Net sales of crude oil fell by 9.5 percent to 1.61 trillion yen ($10.78Bln) from the previous year while net sales of natural gas increased by 2 percent to 535.7 billion yen ($3.59Bln). “The average sales price of overseas natural gas decreased by $1.27, or 18.4 percent, to $5.62 per thousand feet. The average sales price of domestic natural gas in Japan increased by 9.9 percent to 90.08 yen ($0.605) per cubic metre,” said Inpex.

Dutch, German cargoes

Feb 12 (LNGJ) - Three cargoes are heading for the Netherlands and Germany in the next week. The “Grace Emilia” with 173,955 cubic metres capacity is scheduled to deliver a US cargo to the Dutch Gate terminal in Rotterdam on February 16, according to shipping data. The shipment was loaded on February 4 at the Cove Point plant in Maryland.

   The “Alicante Knusten” with 174,000 cubic metres capacity is due to deliver a US cargo on February 17 to the Rotterdam terminal and which was loaded on February 2 at the Sabine Pass export plant in Louisiana. The carrier “Castillo De Caldelas” with capacity of 176,300 cubic metres is scheduled to discharge a shipment on February 19 at the German import terminal at the North Sea port of Wilhelmshaven. The cargo was lifted on February 2 from the Sabine Pass plant.

UK cargo deliveries

Feb 9 (LNGJ) - The UK LNG import terminals at the Port of Milford Haven are scheduled to receive three cargoes next week, one from Egypt and two from the US, according to shipping data. The “Maran Gas Hector” with 174,000 cubic metres capacity is due to deliver a shipment to the Dragon terminal at the Welsh port on February 12 from the Egyptian plant at Damietta.

   The “Energy Intelligence” carrier with 174,000 cubic metres capacity will berth on February 13 at the South Hook terminal with a cargo from the Corpus Christi plant in Texas lifted on January 31. The “Cool Explorer” vessel with 160,000 cubic metres of capacity will discharge a US cargo at the Dragon facility on February 15. The shipment was loaded on February 5 at the Sabine Pass plant in Louisiana.

Namibia optimism

Feb 8 (LNGJ) - Africa Oil Corp., the Canadian company listed on the Toronto Exchange and the Nasdaq in Stockholm, has given an update on an offshore block in Namibia in southwest Africa. French major TotalEnergies is the operator of Block 2913B and QatarEnergy is a shareholder in the prospect off Namibia while Africa Oil has an interest in this block through its 31.1 percent shareholding in Impact Oil & Gas with its 9.5 percent carried interest in Block 2913B.

   “The Mangetti-1X exploration well has intersected hydrocarbon-bearing intervals in the Mangetti fan prospect, a separate system to the Venus oil discovery,” said Africa Oil in its Block 2913B update. “Mangetti-1X also achieved its secondary objective of successfully intersecting and appraising the northern area of the Venus accumulation. Mangetti has the potential to add additional recoverable resources on Block 2913B, and the joint venture partners are working to determine the next step in the evaluation process,” the company added.

UK LNG from Repsol

Feb 7 (LNGJ) - UK company Centrica Plc and Spanish oil and gas major Repsol have signed an agreement for Centrica to purchase 1 million tonnes of LNG shipments between 2025 and 2027. Centrica said that all of these cargoes were expected to be delivered to the UK Grain LNG import terminal in Kent. “The deal marks an additional move by Centrica to build further resilience in the UK’s energy security,” said Centrica Energy, the UK company’s trading unit.

   “It follows a 15-year, $8Bln LNG deal with Delfin Midstream in July 2023, a three-year (pipelines) supply agreement with Equinor through to 2024 and the reopening and expansion of the UK’s Rough gas storage facility,” said Centrica. Cassim Mangerah, the managing director of Centrica Energy, said he was delighted to have closed this deal. “One of the key pillars of our successful and growing LNG business is our partnership approach. Our new deal with Repsol will complement the Atlantic leg of our diversified and flexible portfolio,” stated Mangerah.

Red Sea pull-out

Feb 6 (LNGJ) - CMA CGM, the French containership company based in Marseille that has the most vessels running on LNG fuel and with regular routes into East Mediterranean ports including Beirut in Lebanon, has finally ended operations in the Red Sea because of mounting security concerns.

   “CMA CGM informs its customers that until further notice, all services initially routed via the Red Sea passage will now follow the Cape of Good Hope routing,” explained the company. “The safety of our seafarers remains our priority at all times,” stated CMA CGM. The Red Sea southern approaches to the Suez Canal have been used for the past four months for attacks from Yemen on international shipping by Iran-backed terrorists.

Venture Global deal

Feb 5 (LNGJ) - Europe’s largest liquefied natural gas import terminal, the UK’s Isle of Grain facility on the Medway River near London, has followed up its capacity agreement with the Algerian energy company Sonatrach by signing a second deal with US company Venture Global with its Calcasieu Pass export plant in Louisiana and three other facilities being developed. “The Grain LNG terminal is an important gateway to the broader European market, and we look forward to supplying the region through this new access point for years to come,” said Michael Sabel, Chief Executive of Venture Global.

   Grain LNG, owned by a subsidiary of National Grid Plc, said a 16-year agreement was signed with Venture Global for around 3 million tonnes per annum of capacity from 2029 as a result of Grain LNG’s competitive auction process which was launched in September 2023. “I’m delighted that we are able to announce the second result from our September auction, commencing a long-term partnership with Venture Global,” said Katie Jackson President of National Grid Ventures, the UK grid operator’s subsidiary that owns the LNG terminal.

Seatrium LNG award

Feb 2 (LNGJ) - Seatrium of Singapore, a leader in LNG project and ship conversions as well as platforms for conventional oil and gas ventures, has secured a favoured customer contract (FCC) with Greece-based TMS Cardiff Gas for the repairs and upgrades of its fleet of 17 LNG carriers.

   The contract includes the refit of the vessels in Singapore. The two companies said they would jointly work towards achieving project targets like cost efficiency and timely deliveries. “The selection of Seatrium as our partner in Singapore aligns with our strategy to grow our LNG business in Asia,” said Alexandros Politis-Kalenteris, Deputy Chief Operating Officer of TMS Cardiff. “Moreover, Seatrium boasts a very strong track record in the specialised field of LNG carrier repairs and upgrades,” he added.

PNG LNG stake

Feb 1 (LNGJ) - Australian LNG developer Santos has agreed to an amendment to a sale agreement with Papua New Guinea company Kumul Petroleum Holdings whereby Kumul will take a 2.6 percent shareholding in the PNG LNG stake owned by Santos.

   Santos said that Kumul had paid US$352 million to Santos on 31 January 2024 to allow partial completion of the transaction. “The amendment provides additional time for Kumul to pay the remaining purchase price of US$241M,” added Adelaide-based Santos.

Carbon liquefaction

Jan 31 (LNG) - Japanese energy and LNG engineering company Chiyoda Corp. and shipping company Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to evaluate and verify the feasibility of the carbon capture, utilization, and storage (CCUS) value chain, including liquefaction, temporary storage and marine transportation of carbon dioxide. The study covered the three methods of elevated pressure (EP), medium pressure (MP), and low pressure (LP), which are assumed to be the technologies for CCUS.

   “Going forward, the three companies will combine their engineering and shipping expertise to promote technical and economic studies of the three methods further and contribute to the social implementation of CCUS,” Chiyoda added. The MP and LP methods assume the installation of Type-C tanks on liquefied CO2 carriers and large tanks at onshore storage facilities as the primary method. The three companies will present details of their findings in March at the Global CCS Institute (GCCSI), an international think tank.

LNG for Europe

Jan 30 (LNG) - Two more cargoes are heading for the UK and Belgium including one from Qatar that was routed around South Africa’s Cape of Good Hope. The fully-laden Qatari Q-Flex carrier “Al Ghariya” with 205,940 cubic metres capacity is due to deliver a cargo on February 9 to the Zeebrugge terminal in Belgium, according to shipping data. The cargo was loaded on January 11 at the Ras Laffan plant in the Arabian Gulf.

   The “Palu LNG” with 159,800 cubic metres capacity is scheduled to deliver a US cargo on February 3 to the UK South Hook import terminal at the Port of Milford Haven, according to shipping data. The cargo was lifted on January 17 from the Freeport plant in Texas.

NFE Customs ruling

Jan 29 (LNGJ) - New Fortress Energy Inc., the New York-based developer of liquefied natural gas import and export projects, said that US Customs and Border Protection had issued a ruling confirming that the transportation of LNG produced at the company’s FLNG facility located offshore Altamira in Mexican waters by non-US qualified vessels would not violate the Jones Act. The Jones Act is legislation passed back in 1920 that requires goods moved between US ports to be carried by US-flagged ships.

   As a result of this ruling, NFE said it would now be able to sell and deliver LNG produced at its FLNG Altamira facility to US locations, including Puerto Rico, described by the company as a key downstream market. “We are extremely pleased to receive this ruling for our FLNG facility since it not only supports one of the company’s largest projects but also supports the people of Puerto Rico,” said Wes Edens, Chairman and Chief Executive of NFE. The US Government last issued a waiver of the Jones Act shipping rules to help the US territory of Puerto Rico attract LNG shipments amid a tight market and high prices after a 2022 hurricane.

US LNG for Europe

Jan 29 (LNGJ) – Deliveries are continuing to flow in the first half of February for European import terminals in Belgium, the UK and the Netherlands. The “Maran Gas Troy” with 159,000 cubic metres capacity is due to deliver a US cargo on February 4 to the Zeebrugge import terminal in Belgium, according to shipping data. The cargo was lifted on January 18 from the Sabine Pass plant in Louisiana.

   The “Rias Baixas Knutsen” with 180,000 cubic metres capacity is scheduled to discharge a US LNG cargo on February 6 at the UK Isle of Grain terminal located southeast of London. The shipment was loaded on January 22 at the Corpus Christi facility in Texas. The “BW Pavilion Aranda” with 173,400 cubic metres capacity will deliver a US cargo on February 11 to the Dutch Gate terminal in Rotterdam. The shipment was lifted on January 27 from the Sabine Pass plant.

LNG fuel demand

Jan 26 (LNGJ) - The Dutch Port of Rotterdam registered less bunkering for shipping in 2023 except for LNG fuel with the overall total dropping to 9.9 million tonnes in 2023 compared with 10.6MT in 2022. “The demand for fuel oil, marine gas oil and other fuels was 6.7 percent lower than in 2022. Only bunkering of LNG rose significantly from 406,599 cubic metres to 619,243 cubic metres,” the Port said. “This had everything to do with developments in the price of LNG. The demand for bunkers mixed with biofuels dropped from 790,851 tonnes to 751,638 tonnes,” the Port added.

   “The overall decline is mainly caused by fewer sea-going vessels arriving in Rotterdam and because the price of bunker oil was temporarily more favourable in Singapore,” it added. The Port Authority also noted that along with the Port of Antwerp-Brugge Authority all bunker vessels by early 2026 have to work with “officially accepted bunker measurement” systems. “With this measure, the port authorities aim to make the ARA bunker market more transparent, efficient and reliable,” they added.

Beach LNG boost

Jan 25 (LNGJ) - Beach Energy of Australia reported a 37 percent increase in quarterly sales revenue of A$544 million (US$358M), mainly due to the sale of the first Waitsia LNG project cargo from the onshore gas project in the Perth Basin of Western Australia and the one-off sale of a condensate shipment from the Waitsia venture with Mitsui of Japan. “Production and stored volumes from the Xyris Gas Plant, together with third-party surplus gas sourced via a swap arrangement, enabled processing and lifting of the first Waitsia LNG cargo at the North West Shelf plant (tolling) in December 2023,” said Beach.

   “Beach acquired Mitsui’s 50 percent share and sold the cargo to BP under the terms of the previously announced LNG sales and purchase agreement with BP. The cargo delivered revenue of A$96 million and net cash proceeds to Beach of A$49M after purchase of Mitsui’s share,” said Beach. “As we work toward commissioning of the Waitsia Gas Plant, we look forward to selling regular LNG cargoes into the global market,” said Chief Executive Bruce Clement.

US cargoes for Dutch

Jan 24 (LNGJ) - Two US LNG cargoes are heading for the Netherlands, including the first delivery of February. The vessel “Diamond Gas Metropolis” with 174,100 cubic metres capacity is scheduled to discharge a cargo on January 30 at the Dutch Gate terminal in Rotterdam. Shipping data shows that the cargo was loaded on January 16 at the Cameron export plant in Louisiana, operated by Sempra.

   The carrier “Woodside Rees Withers” with 173,400 of capacity is scheduled to deliver a cargo on February 2 to the Eemshaven floating terminal in Groningen. The cargo was lifted on January 19 from the Cheniere Energy-operated plant at Corpus Christi in Texas.

UK cargo schedule

Jan 23 (LNGJ) - The UK is receiving a steady flow of LNG cargoes with two arriving over the next week and one already scheduled for February. The “BW Lilac” with 174,300 of capacity is due to discharge a US shipment at the South Hook terminal in Milford Haven on January 26, according to shipping data. The cargo was lifted on January 15 from the Cove Point export plant in Maryland.

   The vessel “SM Golden Eagle” with 174,000 cubic metres of capacity is due to arrive at the Dragon LNG terminal at Milford Haven on January 28 carrying a shipment from the Peruvian export plant at Pampa Melchorita. The shipment was loaded on December 24 at the Peruvian Pacific Coast plant. The “Gaslog Georgetown” carrier with 174,260 cubic metres of capacity is scheduled to arrive at the UK South Hook facility on February 1 with a shipment from the Calcasieu Pass plant in Louisiana lifted on January 19.

US-Russia cargoes

Jan 22 (LNG) - US and Russian cargoes are scheduled for delivery to European LNG import terminals in the coming week with the Dutch Title Transfer Facility day-ahead spot price on the European Energy Exchange on January 22 decreasing to the equivalent of $8.955 per million British thermal units from $9.109 per MMBtu at the end of last week.

   The “Christophe De Margerie” with 172,600 cubic metres capacity is scheduled to deliver a Russian cargo on January 24 to the Zeebrugge terminal in Belgium, according to shipping data. The cargo was lifted on January 17 from the Yamal plant in northern Siberia. Germany is scheduled to receive a US cargo on January 29 at the import terminal at Brunsbüttel on the Elbe. The cargo will be delivered by the “Elisa Aquila” vessel with 170,500 cubic metres capacity. The volumes were loaded on January 14 at the Cameron plant in Louisiana.

Texas LNG for UK

Jan 19 (LNGJ) – Two more LNG carriers are heading for the UK early next week. The vessel “Kunlun” with 170,520 cubic metres capacity is scheduled to discharge a US cargo on January 22 at the South Hook terminal in the Port of Milford Haven in Wales, according to shipping data. The shipment was loaded on January 11 at the Corpus Christi plant in Texas. The “Celsius Canberra” vessel with 180,000 cubic metres capacity is due to berth on January 24 at the South Hook terminal after previously departing on January 6 from the Corpus Christi plant.

EQT notes offering

Jan 18 (LNGJ) - EQT Corp., the leading US natural gas producer in the Appalachia Shale basins, said it priced an underwritten public offering of $750 million of its 5.750 percent senior notes due in 2034. EQT’s offering will close on January 19 subject to the satisfaction of customary closing conditions. “EQT expects to use the net proceeds from the offering to repay a portion of the borrowings under its term-loan facility incurred in connection with its acquisition of Tug Hill and XcL Midstream,” the company said.

   EQT, based in Pittsburgh and with shale-gas operations in the Marcellus and Utica formations of western Pennsylvania, Ohio and West Virginia said the joint book-running managers and underwriters for the notes offering included J.P. Morgan Securities, MUFG Securities Americas Inc., TD Securities (USA) and Wells Fargo Securities.

BP German move

Jan 17 (LNGJ) - BP has acquired a privately-owned power and gas supplier to commercial and industrial customers called Getec Energie GmbH with operations in Germany, the Netherlands, Austria, Belgium and Poland. It has an extensive German customer base, supplying power and gas as well as renewable power purchase agreements (PPAs) and balancing services. The cost of the transaction was not disclosed.

   The acquired company is based in the city of Hanover in the German state of Lower Saxony and currently supplies more than 40 terawatt hours of power and gas each year, making it one of Germany’s largest independent suppliers in the commercial sector. “As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across BP,” said Carol Howle, BP Executive Vice President of the Trading and Shipping division. “The addition of Getec Energie will expand and enhance our ability to do just that in Germany and ultimately in Europe,” Howle added.

Three cargoes for UK

Jan 16 (LNGJ) – While the UK will face some delay in receiving more LNG supplies from Qatar the two import terminals at the port of Milford Haven, South Hook LNG and Dragon LNG, are scheduled to receive cargoes in the days ahead from Angola, Egypt and Cove Point in the US state of Maryland. The carrier “Lobita” with 154,950 cubic metres capacity is due to berth on January 18 at the Dragon facility at the Welsh port, according to shipping data. The cargo was lifted on January 6 from Angola’s Soyo export plant.

   The “Huleva Knutsen” with 170,250 cubic metres capacity is then due to discharge a shipment on January 20 at the Dragon facility. The cargo was loaded on Janaury 7 at the Egyptian Idku plant located east of Alexandria. The third delivery will be on January 22 to the South Hook terminal from the US plant at Cove Point. The “Global Sea Spirit” with capacity of 170,800 cubic metres capacity lifted the cargo on January 7.

Dutch TTF changes

Jan 15 (LNGJ) – A steady stream of LNG carriers was heading for the Netherlands this week as the Dutch Title Transfer Facility (TTF) benchmark prices showed falling front-month futures being overtaken by the spot price on the European Energy Exchange. The front-month TTF for February was last at the equivalent of $10.130 million British thermal units while the TTF on the day-ahead spot market on January 15 was at $10.273 per MMBtu.

   The vessels heading for the Dutch terminals, the Gate facility in Rotterdam and the Eemshaven terminal in Groningen, included the “Maran Gas Ithaca”, according to shipping data. That ship  with 170,500 cubic metres capacity was scheduled to deliver a shipment from the Calcasieu Pass plant in Louisiana on January 17 and lifted on December 30, 2023. The “Kool Baltic” with 170,200 of capacity was due to discharge a cargo at Eemshaven on January 18 that was loaded in Trinidad in the Caribbean on January 3. Another vessel heading for the Rotterdam terminal was the “Global Star”, due to berth on January 20. The ship with 173,400 cubic metres capacity loaded its cargo on January 7 at the Sabine Pass plant in Louisiana. Two other ships heading for the Gate terminal with US cargoes are the “Lech Kaczynski” and the “LNG Rosenrot”.

EQT tolling deal

Jan 12 (LNGJ) - Texas LNG Brownsville, a subsidiary of Glenfarne Energy Transition, has signed a Heads of Agreement with US shale-gas company EQT Corp. for natural gas liquefaction services. The HOA anticipates the finalization of a definitive 15-year LNG tolling agreement for 500,000 tonnes per annum of LNG from the first Train of the Texas venture. Texas LNG has proposed annual output of 4 million tonnes per annum from the facility at the Port of Brownsville in Texas.

   “We are proud to welcome EQT as a customer and partner for Texas LNG, with our industry-leading low-emissions facility liquefying US natural gas for global markets,” said Brendan Duval, Glenfarne Chief Executive and Founder. “This is an important milestone for Texas LNG, with additional agreements to be announced in the near-term as we progress towards a final investment decision,” Duval added. Glenfarne is also the owner and developer of the 8.8 MTPA Magnolia LNG project in Lake Charles, Louisiana.

US cargoes for UK

Jan 11 (LNGJ) - The UK is scheduled to receive at least two US LNG cargoes in the coming week. The carrier “Tenergy” with 170,500 cubic metres capacity will deliver a shipment on January 13 to the UK Dragon terminal at the Port of Milford Haven in Wales, according to shipping data. The cargo was lifted on December 26 from the Corpus Christi export facility in Texas.

   A second delivery is due on January 15 at the South Hook import terminal at Milford Haven. The volumes will be discharged on January 15 from the vessel “Maran Gas Ulysses”, which has capacity of 174,000 cubic metres. The cargo was loaded on December 31 at the Sabine Pass plant in Louisiana.

Namibia oil and gas

Jan 10 (LNGJ) - TotalEnergies has signed an agreement to acquire bigger stakes in offshore oil and gas fields in the southwest African nation of Namibia along with partner and leading LNG produce QatarEnergy. The French major’s deal is with Impact Oil and Gas Namibia for an additional 10.5 percent participating interest in block 2913B and an additional 9.39 percent participating interest in block 2912, both operated by TotalEnergies in Namibia.

   The deals would give TotalEnergies a 45.25 percent interest in block 2913B containing the Venus discovery and its light oil and associated gas and a 42.5 percent interest in block 2912. The Impact company will retain a 9.5 percent interest in each licence. “This transaction not only increases our share in the Venus discovery and remaining prospectivity on these blocks, but also represents a key step toward the development of Venus by consolidating the partnership and securing financing,” said Patrick Pouyanné, Chairman and Chief Executive of TotalEnergies.

Trinidad’s US cargoes

January 9 (LNGJ) - The Norwegian-flagged LNG carrier “BW Boston” with 138,060 cubic metres capacity has just departed from the US Everett LNG import terminal in Massachusetts after delivering a cargo from Trinidad, the Caribbean nation that used to be the biggest LNG supplier to the US before it became an exporter from the Lower 48 States in 2016.

   This was the second LNG cargo delivered from the Caribbean to Everett near Boston this winter season with the previous shipment being discharged in December, according to shipping data. The Everett terminal is now owned by US power company Constellation Energy and is the longest-operating LNG import facility in the US. It is connected to two interstate pipelines in the Northeast as well as to the gas utility company’s electric distribution system and the Mystic gas-fired power plant, which may be shuttered in 2024.

German LNG deal

Jan 8 (LNGJ) - Klaipėdos Nafta, the operator of the LNG import terminal in the Baltic state of Lithuania, will now become the commercial manager of four German LNG terminals. “KN Energies AB has kicked off the year 2024 by securing the public tenders for the commercial management of four German terminals,” said KN Energies.

   The Lithuanians said that on behalf of the German Federal Ministry for Economic Affairs and Climate Action, they would operate the existing floating facility at the German North Sea port of Wilhelmshaven as a well as a planned second facility. They would also operate the Brunsbüttel terminal on the Elbe and would additionally be responsible for the planned LNG terminal in the Port of Stade on the Lower Elbe.

North America rigs

Jan 8 (LNGJ) - Baker Hughes said the weekly rig count in the US declined overall by one to 621. The US Rig Count of 621 comprised 501 oil rigs and two fewer gas rigs at 118, while miscellaneous rigs were unchanged at two. “The US Rig Count is down 151 rigs from last year's count of 772 with oil rigs down 117, gas rigs down 34 and miscellaneous unchanged at two,” said Baker Hughes.

   The US Offshore Rig Count was unchanged at 20, up four year-over-year. Canada’s Rig Count was up 39 from last week to 125, with oil rigs up 31 to 58 and gas rigs up eight to 67. “Canada’s Rig Count is down 64 from last year's count of 189 with oil rigs down 55 and gas rigs down nine,” the report added.

Cedar LNG contract

Jan 5 (LNGJ) - The Haisla Nation and Pembina Pipeline Corp., equal partners in the development of the proposed Cedar LNG project in the Douglas Sound near Kitimat in British Columbia, have selected South Korea’s Samsung Heavy Industries and US firm Black & Veatch to provide engineering, procurement and construction for the design, fabrication and delivery of the project's floating LNG (FLNG) production unit, subject to a final investment decision.

   “This is a critical milestone on our path towards an FID for Cedar LNG, the first Indigenous majority-owned LNG project in the world,” stated Doug Arnell, Cedar LNG Chief Executive. “We have secured world-class FLNG expertise and look forward to working with SHI and Black & Veatch to build an LNG facility with one of the cleanest environmental profiles in the world that will usher in a new era of low carbon, sustainable LNG production,” Arnell added. Cedar LNG noted that it had major regulatory approvals, had signed memoranda of understanding for long-term liquefaction services for the project's total LNG capacity and expected an FID in the first quarter 2024.

‘There she blows!’

Jan 4 (LNGJ) - UK and Norwegian majors BP and Equinor, who are global leaders in oil and gas and LNG, have reached a deal to end a contract to sell energy from a planned whale of a project for wind power offshore the state of New York in what is the latest such venture to be derailed by worsening wind industry economics. New York’s climate law calls for the state to get 70 percent of its electricity from renewables by 2030, with a target to install 9 gigawatts of offshore wind capacity by 2035.

   As part of its plan, the state awarded BP and Equinor contracts to develop the Empire Wind complex located about 15 miles south of New York’s Long Island, with 147 turbines set to be spread over 80,000 acres of open sea. The deal just terminated was signed in 2022. BP and Equinor had agreed to sell renewable energy credits from the 1,260 megawatts Empire Wind II phase of the project at a strike price of $107.50 per megawatt-hour. The companies had earlier petitioned the state utilities regulator to renegotiate the prices of the credits because of “unforeseeable economic forces”.

Williams $2Bln notes

Jan 3 (LNGJ) - Williams, a leading US natural gas pipelines operator with projects aimed at boosting feed-gas supplies for Gulf Coast LNG plants, has priced a public offering of 2.1 billion in Senior Notes, a type of bond that takes precedence over other debts. The offering of $1.1Bln of its 4.900 percent Senior Notes due 2029 was at a price of 99.839 percent of par and $1.0 Bln of its 5.150 percent Senior Notes due in 2034 were priced at 99.975 percent of par.

   “The expected settlement date for the offering is January 5, 2024, subject to the satisfaction of customary closing conditions,” said Williams, which is based in Tulsa, Oklahoma. “Williams intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of our outstanding commercial paper notes or other near-term debt maturities,” it added. The joint book-running managers of the offering were named as Barclays Capital, Citigroup Global Markets, Truist Securities and Wells Fargo Securities.

Quake hits Japan

Jan 2 (LNGJ) - An earthquake with 7.6 magnitude hit Japan on January 1 in the Noto region of Ishikawa prefecture on Honshu island and killed at least 30 people in collapsed buildings. The Japan Meteorological Agency issued a tsunami warning for the Noto Peninsula and the advisory covered the coastline of the Sea of Japan, though was later withdrawn as the danger passed.

   Japan’s Ministry of Economy, Trade and Industry (METI) then said in a statement that power generation had been affected in the region. “The earthquake closed two of Hokuriku Electric's coal-fired power plants, the No. 1 unit of 500 megawatts and the No. 2 unit of 700 MW at the Nanao-Ota thermal power plant. There was also reduced output at the 500 MW gas-fired Toyama-Shinko thermal power plant of 300 MW,” said the METI.

Brazil pipeline deal

Dec 29 (LNGJ) - Engie Brasil, formerly known as Tractebel Energia and a Brazilian subsidiary of France-based European utility group Engie, has reached an agreement to sell a 15 percent stake in natural gas pipeline firm Transportadora Associada de Gas (TAG) to the Canadian pension fund, Caisse de dépôt et placement du Québec (CDPQ) for 3.1 billion Brazilian reais (US$640 million). TAG owns and operates a large part of Brazil's natural gas pipeline network with some 4,500 kilometres (2,800 miles) across 10 Brazilian states.

   The transaction when completed will increase CDPQ’s stake in TAG to 50 percent. Engie Brasil will own 17.5 percent and its French parent company will hold the rest, giving Engie units a 50 percent shareholding. Engie and CDPQ jointly acquired a 90 percent stake in TAG in 2019 from Brazil’s state-run energy company Petrobras for about $8.6Bln and afterwards bought the remaining 10 percent still held by Petrobras.

Tellurian stake

Dec 28 (LNGJ) - Chatterjee Fund Management (CFM), the private equity firm with offices in New York, has increased shareholdings in US LNG plant developer Tellurian Inc. and its proposed Driftwood LNG plant in Louisiana. A filing by Tellurian with the US Securities and Exchange Commission showed that Chatterjee raised its stake to 7.3 percent from 5.2 percent previously. Tellurian’s shares on the American list of the New York Stock Exchange rose by 7.55 percent after the announcement to $0.95 per share.

   The Chatterjee firm was founded in 1989 by Purnendu Chatterjee, a former investment adviser to the Quantum Group of Funds and a former partner to consultants McKinsey & Company Inc. Tellurian said that from late December CFM acquired 9.84 million shares and a Marshall Islands-registered Chatterjee fund LVS bought 3.17M shares so that CFM now owns 28.52M shares and LVS has 17.63M shares. “Therefore, CFM and Dr Chatterjee may be deemed to beneficially own 46.16M shares, which represents approximately 7.3 percent of outstanding shares,” Tellurian said.

JERA Asian contract

Dec 27 (LNGJ) - JERA Co. Inc, the largest Japanese LNG importer and power supplier, has concluded an agreement to support the expansion of LNG and gas-fired power in the Philippines through system designs and tight regulatory oversight. The agreement was concluded following JERA’s selection as the contracted party for the oversight project. “The Republic of the Philippines is expected to expand its adoption of gas-fired thermal power generation due to the increased demand for electricity accompanying the country’s robust economic growth,” said JERA

   The Tokyo-based company said its role would include developing national systems including regulatory frameworks to “support the full-scale adoption of LNG in the Philippines and support for developing regulations for facilities” related to the construction, operation and maintenance of LNG storage and regasification terminals, gas transportation and distribution systems as well as third-party access.

Seatrium delivery

Dec 22 (LNGJ) - Seatrium of Singapore has successfully delivered a floating storage and regasification unit (FSRU), the “Energos Celsius”, to New York-based LNG project developer New Fortress Energy (NFE). “The FSRU was completed safely, on time and within budget and has departed the Seatrium shipyard for Brazil. It will subsequently be deployed at NFE’s completed LNG terminal in Barcarena in Brazil’s Pará state,” said Seatrium, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine.

   The “Energos Celsius” is owned by Energos Infrastructure, a global marine infrastructure platform backed by the US Apollo fund management firm and NFE. The vessel is on long-term charter to NFE in Brazil. “We are proud to successfully deliver the FSRU to New Fortress Energy and look forward to partnering with them on more projects,” said Marlin Khiew, Executive Vice President for Oil & Gas (Americas) at Seatrium. “This project marks Seatrium’s fourth FSRU project for Brazil and it demonstrates our commitment and reliability in supporting the development and growth of the country’s oil and gas industry,” Khiew added.

Belgian-German LNG

Dec 21 (LNGJ) – Four cargoes are heading for Belgium and Germany in the next week from Russia, Qatar, Angola and the US state of Louisiana. The carrier “Eduard Toll” with 177,000 cubic metres capacity is expected to arrive at the Belgian LNG import terminal at Zeebrugge with a Russian cargo. The shipment was lifted on December 19 from the Yamal plant near the port of Sabetta in northern Siberia, according to shipping data. The Qatari carrier “Al Khor” with 135,295 cubic metres capacity is scheduled to deliver a cargo to Zeebrugge on December 27, lifted from Ras Laffan in the Gulf on December 2.

   The other cargoes are heading for Germany in the next week. The “Sonangol Sambizanga” with capacity of 160,500 cubic metres is scheduled to discharge a cargo from Angola on December 24 at the floating terminal in the North Sea port of Wilhelmshaven. The shipment was lifted on December 8 from the southwest African nation’s export plant at Soyo. Another vessel heading for Germany is the “Marvel Falcon” with 174,000 cubic metres capacity. The ship is scheduled to berth with a US cargo on December 25 at the Brunsbüttel terminal on the Elbe. The volumes were loaded on December 10 at the Cameron LNG plant in Louisiana.

Japan LNG decline

Dec 20 (LNGJ) - Japan’s November LNG imports declined almost 4 percent to 5.33 million tonnes, or 79 cargoes, compared with 5.55MT, or 82 cargoes, in November 2022, the Finance Ministry said in its provisional trade statistic. Most of the deliveries came from Australia or the spot market and these amounted to 3.03 million tonnes.

   Imports from the US were down more than 50 percent year-on-year to 191,000 tonnes. Deliveries from the Middle East were also lower by more than half at 481,000 tonnes. LNG shipments from Asian export plants to Japanese terminals increased by 5 percent to 1.63MT while deliveries from Russia amounted to 446,000 tonnes, down by 14.4 percent from November 2022. Thermal coal imports fell 2.4 percent to 8.31MT.

Equinor gas mega-deal

Dec 20 (LNGJ) - Norwegian pipeline gas company Equinor and German state-owned firm Securing Energy for Europe (SEFE), formerly a unit of Russia's Gazprom before it was nationalized by the German Federal Government after the Russian invasion of Ukraine, have signed a wide-ranging gas supply deal. Equinor has agreed to supply 111 terrawatt hours, or 10 billion cubic metres of natural gas per annum, to SEFE from January 2024 until 2034 and with an option for another five years and at terms reflecting market prices.

   “This is a response to Europe’s need for long-term, reliable supply of energy,” said Equinor’s Chief Executive Anders Opedal. “The gas will be delivered to Trading Hub Europe (THE) in Germany, Title Transfer Facility (TTF) in the Netherlands and at the National Balancing Point (NBP) in the UK,” said a joint statement. The agreements were signed in Berlin by CEO Opedal and SEFE’s CEO, Egbert Laege. “After the Troll gas sales agreement in 1986, this is one of the largest gas sales agreements Equinor has entered into as a company,” the Norwegians added.

Vitol UAE bunker

Dec 19 (LNGJ) - Vitol, the global commodities firm and LNG player, has completed an inaugural biofuel delivery in the United Arab Emirates. The delivery took place in Fujairah in the northeast of the UAE and the only one of seven emirates with a coastline solely on the Gulf of Oman. “Vitol has successfully completed its first biofuel deliveries in Fujairah, demonstrating its ongoing commitment to sustainable fuel solutions,” said Vitol.

   “Through its wholly-owned bunker arm, Vitol Bunkers, two vessels received B24 VLSFO on December 8 and December 14,” said Vitol. The fuel was sourced from its Fujairah-based refinery FRL and blended with regionally-sourced biofuel at storage facilities. “Certified biofuels are expected to play a key role in helping the hard-to-abate maritime sector to decarbonise and reduce greenhouse gas emissions on a well-to-wake basis,” added Vitol.