This week

International Gas Union aims
are reinforced by tests of time

The International Gas Union believes that LNG and natural gas are still the keys to unlocking access to secure and clean energy, to keep societies functioning and to be available immediately to cut emissions by replacing coal and conventional wood burning while offering cleaner fuel for the shipping industry.

Latest News
The US Department of Energy has just published its latest liquefied natural gas export data with the average overall price for the six plants declining to just…
Free ReadStena Power and LNG Solutions was awarded the contract by Singapore-based Delta Offshore Energy to provide front-end engineering and design for using Stena’s jetty-less LNG transfer and…
French maritime storage technology company GTT has been chosen to design the fuel tanks of 12 new liquefied natural gas-powered container vessels ordered from China by the…
Woodside Petroleum, the West Australian-based operator of the North West Shelf and Pluto LNG export plants, has decided to exit its 50 percent non-operated participating interest in…
Novatek Chief Executive Leonid Mikhelson said after meeting Russian President Vladimir Putin in Moscow that all three liquefaction Trains at the Arctic LNG II plant were scheduled…
Free ReadThe Australian emerging natural gas producer Warrego Energy said the appraisal campaign near the West Erregulla gas discovery in the onshore Perth Basin was continuing with initial…
H-Energy of India, whose chartered floating storage and regasification unit (FSRU) is currently deployed as the seventh LNG Indian import terminal at the West Coast port of…
China said its natural gas production last month increased by 7 percent from the same month a year ago as its LNG and pipeline gas import needs…
Japan Petroleum Exploration Co., the oil and gas operator with liquefied natural gas import terminal and Japanese pipelines assets, has agreed to cut losses and sell its…
Free ReadSasol, the South African petrochemicals, energy and fuels company, has agreed to sell a 30 percent in the natural gas pipeline running from future LNG exporter Mozambique…

Russian LNG for UK

June 14 (LNGJ) - The “Boris Vilkitsky” with 177,000 cubic metres of capacity is scheduled to deliver a Russian LNG cargo on June 15 to the Isle of Grain LNG import terminal, operated by National Grid Plc, on the Medway-Thames estuary 45 miles southeast of London. The shipment, lifted on June 7 from the Yamal plant in northern Siberia, is arriving in the UK as the National Balancing Point (NBP) natural gas price was at the equivalent of $9.55 per million British thermal units. The Dutch Title Transfer (TTF)) price for Continental Europe was at the equivalent of $9.85 per MMBtu.

Charter price rises

June 11 (LNGJ) - Shipping charter rates for LNG carriers in the spot market rose again in the past week by around $5,000 per day in the West of Suez market to between $64,000 per day and $60,000 per day for vessels of 155,000-165,000 cubic metres capacity.

   For vessels East of Suez spot charter levels were unchanged at between $54,000 per day and $50,000 per day, according to London brokers. One-year charter rates for the most modern vessels edged higher to around $78,000 per day. 

Dutch TTF price up

June 10 (LNG) – The European natural gas and LNG benchmark price, the Dutch Title Transfer Facility, increased to a 2021 high of just over $10 per million British thermal units on June 10 as cargoes headed for European Union ports from Qatar and Russia. The 177,000 cubic metres capacity carrier “Eduard Toll” was scheduled to deliver a cargo to Rotterdam on June 12 from the Yamal plant in Russia, while the 173,400 cubic metres capacity “Ribera Del Duero Knutsen” was due to discharge a shipment from Qatargas on June 17 at the Bilbao terminal in northwest Spain, according to shipping data.

Singapore LNG deal

June 9 (LNGJ) - Pavilion Energy of Singapore and the UK major BP, through its trading arm in the Asian city-state, have signed a long-term LNG sale and purchase agreement (SPA) for the supply of around 800,000 tonnes of LNG per year to Singapore for 10 years from 2024. Beyond the supply of LNG to Singapore, both companies will strive to co-develop and implement a greenhouse gas (GHG) quantification and reporting methodology.

   “This agreement further strengthens our relationship with BP as Pavilion Energy advances our strategies for a lower carbon future, beginning with GHG emissions quantification, reduction and offsets for Singapore,” said Frédéric H. Barnaud, Group Chief Executive of Pavilion, a subsidiary of Singaporean wealth fund Temasek.

Q-Max LNG for UK

June 9 (LNG) - The 261,980 cubic metres capacity Q-Max carrier “Al Dafna” is scheduled to deliver a shipment on June 16 to the UK South Hook import terminal at Milford Haven in Wales from the Qatari export plant at Ras Laffan in the Gulf, according to the port authorities.

GTT patent ranking

June 8 (LNGJ) - French LNG storage tanks technology firm GTT was ranked first in the list of intermediate-sized companies (ETIs) issued by the France-based National Institute of Industrial Property (INPI) for patent applications, numbering 58 patents. In the ranking of the Top 50 patent applicants in all categories, GTT came in 30th place. “This ranking confirms GTT's strong capacity for innovation. With a research and development budget representing 10 percent of its turnover in 2020, GTT places innovation at the heart of its strategy, in all its activities,” said the company.

UK LNG deliveries

June 7 (LNGJ) - The Russian LNG carrier “Georgiy Ushakov”, with 172,000 cubic metres of capacity, is scheduled to arrive with a cargo on June 8 at the UK Isle of Grain LNG terminal on the Medway-Thames estuary southeast of London from the Yamal plant in northern Siberia. A second carrier, the 171,800 cubic metres capacity “Tessala”, is due at Grain LNG on the same day from the Algerian export plant at Arzew on the Mediterranean coast.

Colombia LNG study

June 4 (LNGJ) - Black and Veatch of the US, the Kansas-based supplier of LNG and energy equipment and solutions, has been selected to conduct a technical, engineering and commercial study for the Andes Energy Terminal project in the South American nation of Colombia. The gas-to-power venture would be centred on Buenaventura in Colombia’s Aguadulce Peninsula.

   “The study will build on commercial and technical work previously completed by the sponsors and focus on the development of an LNG regasification facility and 400 megawatts of natural gas-fired power generation for cities in central and southwestern Colombia,” said the company.

China LNG orders

June 4 (LNGJ) - French LNG storage tanks technology firm GTT has received another order for the design of two very large membrane full containment storage tanks from China’s Chengda Engineering. GTT will design the two latest generation tanks, each with a net capacity of 220,000 cubic metres.

   GTT said the order was part of the cooperation agreement between Beijing Gas and GTT related to the Tianjin Nangang LNG terminal project in northeast China. The two tanks are scheduled to be delivered to the Tianjin South Industrial Zone for Phase III construction in the second quarter of 2024. 

Charter rates steady

June 3 (LNGJ) - Shipping charter rates for LNG carriers in the spot market were little changed in the past week in the West of Suez market at between $59,000 per day and $55,000 per day for vessels of 155,000-165,000 cubic metres capacity. For vessels East of Suez fixture levels were down by at least $2,000 per day and were quoted at between $54,000 per day and $50,000 per day, according to London brokers. One-year charter rates for the most modern vessels were unchanged at around $77,000 per day.

Korean ship orders

June 2 (LNGJ) - Korea Shipbuilding and Offshore Engineering (KSOE), the world's leading shipbuilding group comprising Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, said orders have come in from five customers for 12 ships valued at $1.2 billion. The orders include four LNG carriers and a mid-scale liquefied petroleum gas (LPG) carrier, which will be delivered by the first half of 2024.

   At the end of May, global new orders for ships came to 17.95 million compensated gross tons (CGTs), representing 83 percent of the 21.50 million CGTs ordered last year, said KSOE, citing market data firm Clarksons.

 

Russian LNG for UK

June 1 (LNGJ) - The “Nikolay Yevgenov” with 172,000 cubic metres of capacity was delivering a Russian cargo on June 1 to the Isle of Grain LNG import terminal, operated by National Grid Plc, on the Medway-Thames estuary 45 miles southeast of London. The shipment, lifted on May 22 from the Yamal plant in northern Siberia, is arriving in the UK as the National Balancing Point (NBP) natural gas price was at the equivalent of $8.90 per million British thermal units. The Dutch Title Transfer (TTF)) price for Continental Europe was at the equivalent of $9.00 per MMBtu.

Algeria's UK cargo

May 31 (LNGJ) - The 138,100 cubic metres capacity carrier, the “Berge Arzew” is scheduled to deliver an Algerian cargo on May 31 to the Isle of Grain LNG import terminal, operated by National Grid Plc on the estuary 45 miles southeast of London. The shipment, lifted on May 25 from the Arzew plant on the Mediterranean coast of Algeria, is arriving in the UK as the National Balancing Point (NBP) gas price was firm at the equivalent of $8.60 per million British thermal units.

Indian FSRU plan

May 28 (LNGJ) - Mumbai Port Trust, the largest Indian port authority on the West Coast, has confirmed the signing of a 30-year licence agreement with SP Armada Clean Energy Ventures, a Malaysian-backed project planning the construction and deployment of a floating storage and regasification unit (FSRU) in Mumbai Harbour.

   Indian energy company Shapoorji Pallonji Oil and Gas Private Ltd owns 51 percent of the SP Armada Clean Energy Ventures and the balance is held by subsidiaries of Malaysia's Bumi Armada Group. India currently has seven LNG import facilities, six on the West Coast and one on the East Coast.

Spot rates decline

May 27 (LNGJ) - Shipping charter rates for LNG carriers in the spot market declined in the past week by up to $6,000 per day in the West of Suez market to between $59,000 per day and $56,000 per day for vessels of 155,000-165,000 cubic metres capacity. For vessels East of Suez fixture levels were down by about $8,000 per day and were quoted at between $61,000 per day and $58,000 per day, according to London brokers. One-year charter rates for the most modern vessels were unchanged at around $77,000 per day.

Europe’s gas rises

May 26 (LNGJ) - Two LNG cargoes are scheduled to arrive in the UK in the next week amid increasing natural gas prices, one at the Isle of Grain import terminal in Kent on May 27 from the Yamal plant in northern Russian and a second at the Welsh port of Milford Haven from Qatar. The Yamal cargo will arrive on board the “Nicolay Zubov”, a carrier with 172,000 cubic metres of capacity. The Qatari cargo, the first UK shipment of the month of June, will be delivered on June 2 by the 260,900 cubic meters cubic metres capacity Q-Max carrier “Bu Samra” to the South Hook facility at Milford Haven, according to the port authorities.

  The Russian and Qatari cargoes are scheduled as the UK National Balancing Point benchmark natural gas price rose to $9.35 per million British thermal units and the main Continental European price, the Dutch Title Transfer Facility (TTF), hit $9.50 per MMBtu on rising demand.

IEnova share deals

May 25 (LNGJ) - Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico and owner of the Costa Azul LNG project, said Mexican Stock Exchange transactions had been completed on behalf of Sempra in the exchange offer launched on April 26, 2021. The transactions were to acquire all of the IEnova ordinary shares not owned directly or indirectly by Sempra in exchange for shares of Sempra common stock at an exchange ratio of 0.0323 shares of Sempra stock for each IEnova public share.

   The share offer in Mexico is part of a corporate overhaul to group all LNG operations in an infrastructure company. Sempra Energy’s direct and indirect ownership interest in the IEnova stock increased from 70.2 percent to 96.4 percent of the total outstanding IEnova shares. “The remaining 3.6 percent of the outstanding IEnova shares continue to be held by public investors and are traded on the Mexican Stock Exchange,” said IEnova.

Two cargoes for UK

May 24 (LNGJ) - Qatar is delivering two LNG cargoes to the UK this week. The first vessel from Ras Laffan, the 213,500 cubic metres capacity Q-Flex carrier “Al Shamal”, will berth on May 27 at the South Hook import facility at the Welsh port of Milford Haven, according to the port authorities. The second Qatari cargo is scheduled to arrive at the same terminal on May 30 on board the 257,980 cubic metres capacity Q-Max vessel “Al Ghuwairiya”.

Gazoduq head is back

May 21 (LNGJ) - Gazoduq, the company planning to transport feed-gas on a 780-kilometres pipeline from Western Canada to the proposed GNL Québec project at Saguenay 200 miles north of Quebec City on a tributary leading to the St Lawrence River, has announced the return of Louis Bergeron as Gazoduq President.

   “With over 40 years of experience in the energy sector in several countries and leading complex projects, Mr Bergeron joined Gazoduq in August 2018 as President to lead the carbon-neutral natural gas pipeline project from northeast Ontario and the Saguenay - Lac-Saint-Jean region,” said Gazoduq. “In November 2020, during the height of the pandemic, Louis Bergeron made the decision to transition to a strategic consulting role and has since been involved in special projects. Now, his role as Gazoduq’s President will be all the more critical as the pandemic restrictions are expected to be lessened and the project will likely be able to re-intensify its activities,” added the company.

LNG for India plants

May 20 (LNG) - French major Total will supply ArcelorMittal Nippon Steel (AMNS) steel and power plants in India with up to 500,000 tons of liquefied natural gas per annum until 2026. The LNG will be sourced from Total’s global portfolio and offloaded at either the Dahej or Hazira LNG import terminals on the West Coast of India. “We are pleased to partner with AMNS and to supply the growing industrial LNG demand in India, a country that aims to more than double the share of natural gas in its energy mix by 2030 compared to today,” said Thomas Maurisse, Senior Vice President of LNG at Total.

Charter rates fall

May 20 (LNGJ) - Shipping charter rates for LNG carriers in the spot market declined in the past week by around $12,000 per day in both the West of Suez market and East of Suez. Fixtures in the Atlantic and Pacific basins were quoted at between $69,000 per day and $65,000 per day for vessels of 155,000-165,000 cubic metres capacity. One-year charter rates for the most modern vessels were unchanged at around $77,000 per day.

Angola LNG fusion

May 19 (LNGJ) - UK energy major BP and Italy’s Eni have signed a non-binding memorandum of understanding to progress detailed discussions on combining their upstream portfolios in the southwest African nation of Angola, including all their oil, gas and LNG interests. “The companies believe that combining their efforts in a new joint venture company would bring significant opportunities for them to jointly boost future developments and operations in Angola,” they said.

   Eni and BP have informed the Angolan Government of their intention. “Any final transaction will be subject to relevant governmental, regulatory and partner approvals,” they added. Angola LNG is operated by US major Chevron Corp. and the other shareholders are Angolan energy company Sonangol and France’s Total. The liquefaction plant at the mouth of the Congo River processes 1.1 billion cubic feet of natural gas per day and produces 5.2 million tonnes per annum of LNG from associated gas from crude oil production.

Sonatrach-Equinor pact

May 18 (LNGJ) – Algerian state energy company Sonatrach, operator and of the Arzew and Skikda LNG export plants on the Mediterranean Coast, has signed a new cooperation accord with Equinor of Norway to consider opportunities in the fields of oil and natural gas exploration and production, new technologies and operational performance relating to hydrocarbons.

   “Sonatrach aims to extend its existing partnership with Equinor beyond the terms of the current contracts which expire in 2027,” stated Sonatrach Chief Executive Toufik Hakkar after the signing ceremony in Algiers with Equinor Vice President for International Developments, Alasdair Cook. Equinor is a partner with Sonatrach and BP in projects at In Salah and In Amenas, and in the Timissit operating area of the Illizi-Ghadames Basin near the border with Libya.

Russian LNG for UK

May 17 (LNGJ) - The LNG carrier “Vladimir Rusanov”, with 172,000 metres capacity, was berthing on May 17 with a cargo to discharge at the Isle of Grain LNG import terminal, operated by National Grid Plc on the Medway-Thames estuary 45 miles southeast of London. The shipment, lifted on May 10 from the Yamal plant in the Arctic region of northern Siberia, is arriving in the UK as the National Balancing Point (NBP) natural gas price rose on May 17 to a record 2021 level of $9.70 per million British thermal units.

New CEO for Golar

May 14 (LNGJ) - Golar LNG Ltd named Karl Fredrik Staubo as the new Chief Executive. Staubo had since May 2020 been the CEO of Golar LNG Partners LP, recently sold to New Fortress Energy. Previous Golar LNG Ltd CEO Iain Ross resigned after nearly four years with the Norwegian-founded LNG shipping and projects company as it was completing the sell-off of assets to New York-based firm New Fortress.

   “Staubo has a broad shipping-energy background from Clarksons Platou Securities and Magni Partners,” said a statement. Eduardo Maranhao was named as Golar LNG Ltd’s Chief Financial Officer. “Through the company’s strong strategic positions through the LNG value chain, including upstream, midstream, and downstream, Golar is well positioned to take an active part in the ongoing energy transition with the target to deliver cheaper and cleaner energy,” stated Golar Chairman Tor Olav Troim.

Texas LNG for UK

May 14 (LNGJ) - The 174,000 cubic metres capacity vessel “Dorado LNG” was scheduled to arrive on May 17 at the UK South Hook import terminal in Milford Haven with a cargo from the Cheniere Energy plant at Corpus Christi in Texas, according to port authorities.

Spot rates still high

May 13 (LNGJ) - Shipping charter rates for LNG carriers in the spot market were unchanged in the past week, though still at high levels in the Atlantic and Pacific basins. Spot charters for West Of Suez were quoted at between $75,000 per day and $79,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates were at between $70,000 per day and $74,000 per day, according to various brokers. However, one-year charter rates for the most modern vessels have edged up £2,000 per day to around $77,000 per day.

Algeria permits move

May 12 (LNGJ) - Algeria, the leading natural gas supplier with two LNG plants on the Mediterranean coast and pipelines to Italy and Spain, is taking measure to improve and clarify the authorization process for constructing energy pipelines and infrastructure. They are now defined in two decrees signed by Algerian Prime Minister Abdelaziz Djerad. “The first draft executive decree defines the procedures for obtaining authorizations to construct a pipeline transportation system, while the second defines the procedures for obtaining authorizations to build structures for pipeline transportation of petroleum products,” said a statement.

US and Algeria LNG

May 11 (LNGJ) - The 154,880 cubic metres capacity carrier “BW Pavilion Vanda” was unloading a cargo at the UK Isle of Grain LNG terminal on the Medway-Thames estuary southeast of London on May 11 from the US Corpus Christi plant in Texas. The arrival coincided with a surge in UK natural gas prices to their highest level of 2021. Another vessel, the 171,800 cubic metres capacity “Ougarta”, was also scheduled to berth with a shipment from the Arzew plant in Algeria, according to the port authorities.

   The UK terminal, operated by National Grid plc, has Europe’s largest storage capacity of one million cubic metres. The two vessels arrived to discharge cargoes as the UK National Balancing Point benchmark price rose to the 2021 high, which was the equivalent of $9.05 per million British thermal units.

Q-Max LNG for UK

May 10 (LNGJ) - Qatar is delivering a cargoes to the UK on May 14 on board the 261,100 cubic meters cubic metres capacity Q-Max carrier “Zarga”. The vessel from Ras Laffan will berth at the South Hook import facility in the Welsh port of Milford Haven, according to the port authorities. The latest shipment is due as the UK National Balancing Point natural gas benchmark price and the main Continental European price, the Dutch Title Transfer Facility (TTF), both remained near to seasonal highs at the equivalent of $8.60 per million British thermal units and $8.65 per MMBtu respectively.

Chiyoda LNG aims

May 7 (LNGJ) - Chiyoda Corp, the leading Japanese energy and LNG engineering company involved in projects worldwide, reported sales of 315.39 billion yen ($2.88Bln) in the fiscal year to the end of March 2021, a fall of 18.3 percent on the previous year. However, Chiyoda pointed out that it expected improvements in the coming year as it executed LNG engineering, procurement and construction projects in Qatar, the US and Nigeria.

   “In Qatar, Chiyoda has won the order for the EPC phase of the North Field East LNG project, which is the expansion of four LNG Trains with capacity of 8 million metric tons per annum,” said the company. “In the US, the Golden Pass LNG project is in the EPC phase and in the Nigeria LNG project Chiyoda is providing review and other technical support to our partner, which is performing the engineering,” it added. “In Japan, EPC phase work is currently underway to reinforce, modify, and repair existing LNG terminals that were built by Chiyoda, and to newly install and add earthquake and tsunami reinforcement to gas supply facilities for thermal power plants,” stated the company.

Spot charters climb

May 6 (LNGJ) - Shipping charter rates for LNG carriers in the spot market were still at high levels in the Atlantic and Pacific basins. Spot charters for West Of Suez increased  again on the week by around $2,000 per day to average between $75,000 per day and $79,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates also rose by around $2,000 per day to between $70,000 per day and $74,000 per day, according to various brokers. One-year charter rates for the most modern vessels also increased to around $75,000 per day.

Höegh shares halt

May 5 (LNGJ) - Trading in shares of Höegh LNG Holdings Ltd, the LNG fleet and projects company, has been suspended by the Oslo Børs in Norway to avoid incorrect registration of orders and trades in a situation where the company will no longer have any shares outstanding for trading. This follows the announcement that the family-controlled firm Leif Höegh and Co. and funds managed by Morgan Stanley Infrastructure Partners have completed the acquisition of Höegh LNG to take it private. However, the common and preferred units of US affiliate, Höegh LNG Partners LP, will remain outstanding and continue to trade on the New York Stock Exchange.

   “With the completion of the amalgamation, the joint venture intends to undertake a comprehensive review of the company’s operational and financial strategy and that of its affiliates to strengthen the financial profile of the group and will carefully review its integrated business plan including future financial needs,” added the Leif Höegh and Co. statement.

Egypt's Lithuania cargo

May 4 (LNGJ) - The Klaipeda LNG import terminal in the Baltic state of Lithuania, operated by energy company AB Klaipedos Nafta, said it expected to receive its first cargo from Egypt to help replace some Norwegian shipments halted by the Hammerfest plant shutdown. The cargo was lifted from the Royal Dutch Shell-operated Idku export plant, located east of the port of Alexandria. It is scheduled to arrive on May 7 in Lithuania from the East Mediterranean on board the 164,700 cubic metres capacity LNG carrier, the “LNG Fukurokuju”.

Titan LNG tender

May 4 (LNG) - Titan LNG, a Dutch supplier to the marine and industrial markets with quayside and ship-to-ship delivery of LNG to river barges and sea-going ships in the ports such as Amsterdam, Rotterdam and Antwerp, announced a development tender for a new LNG bunkering barge. It will be called “Titan Krios” and be deployed at the Belgian Port of Zeebrugge and in the English Channel ports.

   “The new vessel, which will fulfil part of the base demand in Zeebrugge that Titan LNG is already supplying, will operate with multiple tanks to segregate streams of LNG and bio-LNG (made from waste),” explained Titan. The new Titan vessel will offer 4,200 cubic metres of capacity from 2023. The tender comes just one month after the naming and subsequent launch of the “FlexFueler002”, a co-built LNG bunkering barge from Titan and Belgian gas network company Fluxys.

Europe’s prices up

May 3 (LNGJ) - Qatar is delivering a Q-Max LNG cargo to the UK with prices in Europe rising on colder weather and storage demands. The 261,137 cubic metres capacity carrier “Mekaines” is scheduled to arrive from Ras Laffan in Qatar on May 9 with a shipment for the South Hook facility in the Welsh port of Milford Haven, according to the port authorities.

   The latest shipment is scheduled as the UK National Balancing Point natural gas benchmark price and the main Continental European price, the Dutch Title Transfer Facility (TTF), are both at seasonal highs. The UK NBP was quoted at the equivalent of $8.30 per million British thermal units and the Dutch TTF was at the equivalent of $8.20 per MMBtu.

Santos Korea sale

April 30 (LNGJ) – Australian LNG exporter Santos has completed the sell-down of a 25 percent interest in the Bayu-Undan gas field and Darwin LNG to South Korea’s SK E&S, which is also a partner in the Barossa offshore gas project. “The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390m less the cashflows from the 25 percent interests ,” said Santos. “The sell-down to SK E&S is in line with our strategy of disciplined growth while maintaining a strong balance sheet by managing equity levels in our growth projects,” said Santos Chief Executive Kevin Gallagher.

Profits rise for Total

April 29 (LNGJ) - French oil and gas company Total, which this week declared “force majeure” on the Mozambique LNG project over the security situation in the northern Cabo Delgado province, posted a 51 percent increase in first-quarter adjusted net operating income to $3.48 billion compared with $2.3Bln in the same three months of 2020. Total’s LNG sales rose 1 percent to 9.9 million tonnes versus 9.8MT in the prior-year quarter.

   “Despite hydrocarbon production for LNG in the first quarter of 2021, down 6 percent year-on-year, mainly due to the shutdown of the Snøhvit LNG plant (Norway) following a fire at the end of September 2020, LNG sales were stable in the first quarter,” said Total. The company added that its average realised LNG price in the quarter was $6.08 per million British thermal units, higher than the previous quarter’s $4.90 per MMBtu, though about 4 percent lower than the year-on-year price of $6.32 per MMBtu.

Petronas newbuilds

April 29 (LNG) - Malaysian energy company Petronas has signed a time charter-party (TCP) for three newbuild LNG carriers with shipowner Hyundai LNG Shipping to increase its  global fleet to to 27 vessels. Petronas said the newbuilds with 174,000 cubic metres of capacity are expected to be delivered from the second quarter of 2024 on a staggered basis. They will primarily be used to carry cargoes from LNG Canada currently under construction at Kitimat on the Pacific Coast of British Columbia.

   “The multi-sized fleet has enabled the company to reliably deliver LNG to over 25 countries from its global portfolio of supply, located in Malaysia, Australia, Egypt and Canada by 2024,” said the Petronas LNG subsidiary.

Qatari May cargoes

April 28 (LNGJ) - Qatar is delivering the first two LNG cargoes to the UK in May. The 261,700 cubic metres capacity carrier “Lijmiliya” is scheduled to arrive in the UK from Ras Laffan on May 1 with a shipment for the South Hook facility in the Welsh port of Milford Haven, according to the port authorities. Another Qatari carrier, the 266,000 cubic metres capacity vessel, the “Al Dafna”, is due to berth at South Hook on May 5.

   The latest shipments are scheduled as the UK National Balancing Point natural gas benchmark price and the main Continental European price, the Dutch Title Transfer Facility (TTF), are both at seasonal highs. Both prices were quoted at the equivalent of $7.60 per million British thermal units.

BP profits rise

April 27 (LNGJ) - UK major BP reported profits for the first quarter of $4.7 billion compared with a $4.36Bln loss in the same three months of 2020. The BP performance was also better than the $1.4Bln profit achieved in the fourth quarter of 2020. “Divestment and other proceeds were $4.8Bln in the quarter, including $2.4Bln from the divestment of a 20 percent stake in Oman Block 61 and $1Bln final instalment for the sale of the petrochemicals business,” said BP.

   “We expect global gas demand to recover to above 2019 levels, and LNG demand to increase as a result of higher Asian imports,” said the company in its outlook for the rest of 2021. “Oil demand is expected to recover due to strong growth in US and China and as the distribution of vaccinations gains momentum and lockdown restrictions are gradually lifted,” it added.

TechnipFMC activities

April 27 (LNGJ) - TechnipFMC, the US energy technology and subsea company, has arranged the sale of 25 million shares in the spun-off LNG project arm, Technip Energies. The placement of the stocks represented 14 percent of the share capital of Technip Energies. TechnipFMC said it still retained a stake of around 31 percent of Technip Energies. TechnipFMC also announced it received a Notice to Proceed for a subsea production system contract from Australian LNG operator Santos for the Barossa gas field project to boost feed-gas resources for Darwin LNG in Australia’s Northern Territory.

   The field is located 300 kilometres north of Darwin at a water depth of around 130 metres. “The contract scope covers the supply of subsea trees and associated control systems, manifolds and wellheads, as well as installation and commissioning support, which will help to extend the life of the existing Darwin LNG facility,” said Jonathan Landes, President of Subsea at TechnipFMC.

'LNG Croatia' cargo

April 26 (LNGJ) - Croatia, the Balkan nation and European Union member, has received another cargo of LNG at the floating terminal offshore the island of Krk in the northern Adriatic Sea. This was the first commercial LNG delivery for the company MET Croatia. Croatian gas supplier MET Croatia, part of Swiss-based energy company MET Group, has booked an overall capacity of 2.67 billion cubic metres at the Croatian terminal for a period of seven years.

   The cargo was loaded at the Zeebrugge terminal in Belgium and was delivered by the 145,000 cubic metres capacity carrier “Methane Nile Eagle”. MET also supplied the Spanish commissioning cargo in November 2020 to the Croatian terminal, which is the floating storage and regasification unit “LNG Croatia”.

Algerian UK delivery

April 26 (LNGJ) - The 171,866 cubic metres capacity carrier “Ougarta” is scheduled to deliver an Algerian cargo on April 27 to the Isle of Grain LNG import terminal, operated by National Grid Plc on the estuary 45 miles southeast of London. The shipment, lifted on April 22 from the Arzew plant on the Mediterranean coast of Algeria, is arriving in the UK as the National Balancing Point (NBP) gas price fell to the equivalent of $7.05 per million British thermal units.

Spot ship rates up

April 23 (LNGJ) - Shipping charter rates for LNG carriers in the spot market increased for West Of Suez by around $7,000 per day to average between $62,000 per day and $58,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates rose by around $9,000 per day to between $52,000 per day and $48,000 per day, according to various brokers. One-year charter rates for the most modern vessels also increased to around $66,000 per day.

Santos price forecast

April 22 (LNGJ) - 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. CEO Kevin Gallagher said Santos had delivered another strong quarter of production and sales volumes. “This was despite the three-month lag in oil-linked LNG prices, which should see stronger prices in the second quarter,” he stated.

Seaspan approval

April 21 (LNGJ) - 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.

   “Seaspan is committed to bringing clean LNG bunkers to the West Coast of North America through our LNG bunkering business, in order to assist ship owners in meeting their IMO 2030 targets,” said Seaspan Marine Vice President Gord Miller, who oversees the Ferries unit. 

Cargo from Trinidad

April 20 (LNGJ) - The UK Grain LNG import terminal serving London is expecting a cargo from Trinidad and Tobago later on April 20, according to port authorities. The 173,400 cubic metres capacity vessel, the “Patris”, is delivering a shipment from the Caribbean nation’s export plant at Point Fortin in Trinidad. The arrival of the cargo coincides with the natural gas price in the UK, the National Blancing Point (NBP), increasing to its highest April level of $7.30 per million British thermal units.

Two cargoes for UK

April 19 (LNGJ) - The 174,000 cubic metres capacity carrier “Marvel Falcon” was discharging a cargo on April 19 at the UK Isle of Grain terminal on the Medway-Thames estuary near London from the US Cameron LNG export plant in Louisiana. A second cargo carried by the 266,000 cubic metres capacity Q-Max carrier “Al Mafyar” was scheduled to arrive in the UK from Ras Laffan on April 24 with a shipment for the South Hook facility in the Welsh port of Milford Haven.

NFE deals sealed

April 16 (LNGJ) - New Fortress Energy said it completed the acquisition of Hygo Energy Transition, a 50-50 joint venture between Golar LNG Ltd and Stonepeak Infrastructure Partners, for 31.37 million shares of NFE and $580 million in cash. NFE simultaneously closed the acquisition of Golar LNG Partners, including all of the outstanding common units of the Nasdaq-listed firm.

   The Golar LNG Partners transaction was valued at around $1.9 billion on an enterprise basis and $25M in equity value. “The addition of the Hygo team, together with a great portfolio of world-class LNG ships and operators, enhances our efforts to bring more clean and affordable energy around the world,” said Wes Edens, Chairman and Chief Executive of New Fortress.