Egypt has imported 3.2 million tonnes of LNG in the first half of 2016 and deliveries are expected to reach 6 million tonnes the end of the year as the nation also continues to develop a string of natural gas discoveries with market-changing potential.
Australian LNG imports to Japan have remained relatively steady year-on-year, with shipments to Japanese terminals estimated to have increased by about 10 percent, though the deliveries totals may level off in the future.
Floating LNG projects at the start of 2016 were offering the oil and gas industry great opportunities. Now even these ventures have joined much of the energy sector in the downturn.
Over the first 20 years European regasification capacity grew to 50 billion cubic metres a year. Then it stalled for approximately a decade before exploding to - 200 Bcm/y over the last 13 years.
Natural gas produced from unitized reservoirs supplies six operating LNG export projects - PNG in Papua New Guinea, Tangguh in Indonesia, Snøhvit in Norway, Darwin in Australia, Gorgon in Australia, and Bontang in Indonesia.
The fall in the oil price and the knock on impact on LNG prices, together with the upcoming availability of new LNG supplies from projects under construction has cast doubts over the viability of many planned LNG facilities.
Sept 30 (LNGJ) - The 138,000 cubic metres capacity vessel “British Trader”, operated by BP Shipping, will deliver a cargo on October 5 from Trinidad's Point Fortin export terminal to the AES Andres import facility at the port of Caucedo in the Dominican Republic. The 160,000 cubic metres capacity ship “Cool Runner” will unload a cargo on October 2 at the Brazilian import terminal at Guanabara Bay, near Rio de Janeiro, delivered from the Bonny Island plant in Nigeria.
Sept 30 (LNGJ) - The Sabine Pass LNG export plant on the US Gulf Coast has delivered its third cargo to Europe on the 173,400 cubic metres capacity “Sestao Knutsen”, unloaded a shipment at the Turkish import terminal at Aliaga, near Izmir. The Spanish-flagged vessel was one of the last to load at Cheniere Energy' export facility before the two-Train plant was shut down for planned maintenance. The previous two US cargoes exported to Europe were unloaded in Portugal and Spain.
Sept 29 (LNGJ) - The leading six city-gas companies in Japan sold volumes of 2.91 billion cubic metres of natural gas last month, the equivalent of 2.15 million tonnes of LNG, a rise of 2.6 percent compared with August 2015, according to the Japan Gas Association. The biggest rise was in the industrial sector where regasified LNG sales rose 4.6 percent to 1.80 Bcm.
Sept 29 (LNGJ) - Tlou Energy Ltd, the company listed in the UK and Australia and focused on delivering power to Botswana and Southern Africa through the development of coal-seam gas projects, has received approval for its Lesedi Project following a public review. “It is good news for the company, for the Lesedi project and for the people of Botswana,” said Tlou Executive Director Gabaake Gabaake, whose company will fuel a 50 megawatts plant with CSG. “Environmentally there is a need in Botswana for the development of a relatively clean, low carbon energy source to replace the use of diesel in the production of electricity,” he added.
Sept 28 (LNGJ) - The 210,100 cubic metres capacity Q-Flex vessel “Al Ruwais” is scheduled to deliver a cargo from Qatar to the Jordanian import facility at the port of Aqaba on October 2, according to shipping data. The 160,000 cubic metres capacity “Cool Voyager”, operated by Thenamaris shipping, is due to arrive on October 1 at the Australian LNG port near Curtis Island in Queensland, to lift a cargo for China. The 147,500 cubic metres capacity carrier “LNG Ebisu” is scheduled to deliver a shipment from Dampier in Western Australia on October 6 to the Japanese import terminal at Himeji.
Sept 28 (LNGJ) - Kosan Crisplant of Denmark, project corporation supplier of gas equipment, has signed a detailed cooperation agreement with Korea LNG Solutions. The Danish and Korean companies will co-operate on the development, manufacturing and sale of LNG bunkering equipment for the small-scale and marine markets in Korea over a four-year period. The collaboration between the two was initiated in Copenhagen with the intention of exploring possibilities within the LNG market. “We have a lot to gain from this collaboration in the Korean market while at the same time contributing to the industry as a whole,” said Kosan Crisplant LNG manager Lars Sall.
Sept 27 (LNGJ) - Japanese company Jera Co Inc., a joint venture between Tokyo Electric Power and Chubu Electric who have annual LNG purchases amounting to 40 million tonnes, has made its trading debut by agreeing to deliver its first cargo outside of Japan. According to traders, Jera has agreed to sell on supplies of Indonesian LNG to the South Korean Kwangyang import terminal, operated by steelmaker Posco, with a delivery date some time in December.
Sept 26 (LNGJ) - The 138,100 cubic metres capacity “Berge Arzew” is due to deliver a cargo from the Algerian Arzew plant on September 27 to the French import terminal at Fos Sur Mer, according to shipping data. The 148,470 cubic metres capacity “LNG Kano” is scheduled to deliver a shipment from the Nigerian export plant at Bonny Island on September 29 to the South Korean Kwanygyang import terminal, operated by steelmaker Posco. The 135,000 cubic metres capacity “Hyundai Aquapia” is scheduled to unload a cargo from Oman on October 1 at the South Korean Incheon import facility, operated by Korea Gas Corp.
Sept 26 (LNGJ) - The 173,400 cubic metres “Ribera Duero Knutsen” is scheduled to deliver a US cargo from the Sabine Pass export facility in Louisiana to the Indian Dahej import terminal, operated by Petronet LNG, according to shipping data. The tanker left Sabine Pass on September 4 and will unload at the Indian facility on September 29.
Sept 23 (LNGJ) - LNG importer Japan is continuing to change the face of its energy industry under deregulation, with city-gas companies and power providers able to operate in other markets. Chubu Electric Power Co. and Inpex Corp., the developer of an Australian LNG export plant, are to begin supplying wholesale electricity to Seibu Gas, Matsumoto Gas and Suwa Gas, sourcing the power from Diamond Power Corp., a Chubu Electric subsidiary. Seibu Gas, Matsumoto Gas and Suwa Gas are city-gas companies providing services in the Saitama and Nagano regions.
Sept 23 (LNGJ) - The 148,300 cubic metres capacity “LNG Ondo” is scheduled to deliver a cargo from Nigeria on September 30 to the Egyptian Ain Sokhna import terminal on the Red Sea coast, according to shipping data. The 162,000 Bahamas-flagged vessel “Esshu Maru” is due to unload a cargo from Nigeria at the Brazilian import facility at Pecem on September 30.
Sept 22 (LNGJ) - The US benchmark Henry Hub natural gas spot price for next-day delivery surged to a one-year high of $3.14 per million British thermal units, up 6 cents from the previous day. The prices were being driven by higher than normal US seasonal temperatures. US natural gas futures on the New York Mercantile Exchange also traded higher, with the front-month quoted at $3.057 per MMBtu. In Europe, the UK National Balancing Point price rose as high as 35.19 pence per therm, or $4.60 per MMBtu.
Sept 21 (LNGJ) - Titan LNG, a supplier to the marine and industrial markets, has developed a pontoon system for the delivery of LNG to river barges and sea-going ships in the ports of Amsterdam, Rotterdam and Antwerp, known as the ARA and which is Europe’s largest bunkering hub. Titan’s LNG bunkering pontoon is called the Titan LNG Flex-Fueler. It will mostly help fuel inland waterway vessels from a fixed location. “Currently truck-to-ship delivery provides the most flexibility and is the only means of receiving LNG bunkers in the ARA region,” said Niels den Nijs, Commercial Director of Titan LNG. “However, there is an increase in larger LNG-fuelled vessels coming into the market, which cannot bunker at land-based LNG stations,” den Nijs added.
July 21 (LNGJ) - The US Department of Energy released LNG export data for July 2016. The report showed prices of US LNG exported from the Cheniere Energy Sabine Pass plant in Louisiana and delivered on a spot free-on-board basis. One cargo to Spain was priced at $4.51 per million British thermal units and four others at $5.60 per MMbtu. Two of the $5.60 per MMBtu cargoes were shipped to Chile, one was delivered to China and another to Jordan in the Middle East.
Sept 20 (LNGJ) - The 145,700 cubic metres capacity carrier “Al Jassasiya”, operated by the Maran Gas-Nakilat venture, will deliver a Qatar shipment on September 21 to the Yung-An import terminal in Taiwan, according to shipping data. The 210,100 cubic metres capacity Q-Flex carrier “Fraiha” will unload a shipment from Ras Laffan on September 27 at the South Korean Tong-Yeong import facility, operated by Korea Gas Corp. The 210,100 cubic metres capacity Q-Max vessel “Al Ghariya” will deliver a cargo on September 30 to the Himeji import terminal in Japan. The 160,000 cubic metres capacity carrier “Asia Energy” is due to unload an Australian cargo from Woodside on October 3 at the Japanese Tobata import terminal, operated by Kitakyushu LNG.
Sept 19 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Aamira” will deliver a shipment on September 26 from Qatargas to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The benchmark National Balancing Point natural gas price was last at the equivalent of $4.40 per million British thermal units.
September 16 (LNGJ) - The 138,088 cubic metres capacity “Berge Arzew” was unloading a cargo from Algeria on September 16 at the Huelva import terminal in southwest Spain. The 210,000 cubic metres capacity ship “Duhail” is scheduled to deliver a cargo from Qatar to the import terminal of the Kingdom of Jordan in the port of Aqaba on September 19. The 160,000 cubic metres capacity vessel “Clean Vision”, operated by Dynagas of Greece, is expected to deliver a cargo from Qatar on September 21 to the Egyptian Ain Sukhna import facilities in the Gulf of Suez. The 210,100 cubic metres capacity Q-Flex vessel “Al Ghariya” was scheduled to deliver a shipment from Ras Laffan in Qatar on September 30 to the Japanese Sakai LNG terminal, owned by Kansai Electric Power Co.
Sept 15 (LNGJ) - Excelerate Energy of the US and Dubai Supply Authority have completed the first commercial gas-up operation at the Jebel Ali LNG import facility in the United Arab Emirates via Excelerate's floating storage and regasification unit (FSRU) “Explorer”. The FSRU gassed-up all five tanks of a 173,000 cubic metres capacity LNG Carrier in a 17-hour period. “Dubai Supply Authority’s ability to utilize the FSRU for these operations will allow LNG vessels departing regional dry docks to avoid having to travel significant distances to perform this required step in the LNG cargo cycle, making Dubai a full-service LNG hub,” Excelerate said.
Sept 15 (LNGJ) - The fourth French liquefied natural gas import terminal, located at the Channel port of Dunkirk, received its second commissioning cargo from the 140,500 cubic metres capacity carrier “Hispania Spirit”. The shipment came from Peru LNG, the only liquefaction and export plant in South America. Dunkirk received its first commissioning cargo on July 8, transported from the Nigerian liquefaction plant at Bonny Island. The Dunkirk facility was developed by Electricte de France and other shareholders include French energy major Total and Belgian LNG terminal owner and network operator Fluxys, owner of the Belgian Zeebrugge LNG terminal.
Sept 15 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Zarga” will deliver a shipment on September 21 from Qatargas to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The benchmark National Balancing Point natural gas price was last at the equivalent of $4.20 per million British thermal units.
Sept 14 (LNGJ) - Tokyo Gas, the third-largest Japanese LNG importer, said total sales volumes for the month of August came to about 1.21 billion cubic metres, the equivalent of 898,000 tonnes of LNG, a decline of 0.4 percent compared with the same month of 2015. In the industrial sector, volumes sold totalled 654 million cubic metres, a rise of 0.8 percent. In the business sector sales were down 1.6 percent to 254.5 million cubic metres. Wholesale volume sales to other city-gas companies dropped 7.6 percent to 169.5 million cubic metres. However, the company said residential sector volumes rose 5.9 percent to 138.3 million cubic metres “due to lower average temperatures, leading to the increased demand for water-heating.”
Sept 13 (LNGJ) - The 216,000 cubic metres capacity Q-Flex carrier “Al Hamla” will deliver a shipment on September 19 from Qatargas to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The benchmark National Balancing Point natural gas price was last at the equivalent of $4.00 per million British thermal units.
Sept 12 (LNGJ) - Gabadi, the ship repair company based in Coruna, northwest Spain, has signed an agreement with a Chinese shipyard to work on LNG carrier contracts. The accord adds to two others signed with Qatar and Canada. The latest accord in the form of a memorandum of understanding was signed between Gabadi and the Huarun Dadong Dockyard of Shanghai, one of 10 major yards in China. The Gabadi-Huaran Dadong accord aims to capture repair service contracts for LNG carriers and for the retrofitting of LNG-fuelled vessels, a market in which the Spanish company is already fully involved through its agreement with French technology company GTT allowing it to work on the construction of new membrane-type storage tanks and to repair and service LNG carriers with GTT equipment.
Sept 12 (LNGJ) - Cheniere Energy’s Sabine Pass LNG export plant in Louisiana remains on schedule to halt production in mid-September, potentially displacing 1.2 billion cubic feet per day of natural gas demand in the South-Central region of the US Gulf Coast. “Given just how reliant the US balance has become on tightness in Gulf coast gas balances, there is a risk the event could create near-term softness in physical markets,” Morgan Stanley said in a note to investors. “That said, with South Central storage now just 59 Bcf above equivalent 2015 levels, and salt-dome facilities at a 12 Bcf year-on-year deficit, we are less concerned as there appears ample capacity to deal with the upcoming event,” it added.
Sept 12 (LNGJ) - Woodfibre LNG has reported a spill at the 100-year-old industrial site, a former wood mill, where the Asian-led company plans to build a liquefaction and export plant located 7 kilometres southwest of the town of Squamish in British Columbia. The spill happened during routine maintenance on the site’s industrial landfill, which contains historical wood waste from former pulp mill operations. “A pipe connected to the landfill was being flushed with water, when it broke, spilling about 3,000 litres of wash water,” Woodfibre said. “The spill was primarily contained in a containment sump and quickly cleaned-up using a commercial vacuum truck that was onsite as part of the scheduled maintenance work,” it added. The spill was reported to the BC Ministry of Environment and Emergency Management BC for further investigation.
Sept 9 (LNGJ) - Baker Botts, a leading international law firm, hosted an LNG debate at its first Oil and Gas Lawyer School in London for leading in-house counsel. The firm said that during the event, partners from its energy practice were joined by 38 industry professionals to examine a range of issues facing the oil and gas industry, with participants also able to discuss the current LNG industry and value chain. In-house lawyers from various energy companies including BP, Cheniere, Italy’s Eni, ExxonMobil and Gazprom Marketing and Trading also attended. “Baker Botts has a strong commitment to the professional development and advancement of our clients’ in-house legal teams. Although the downturn in oil prices continues to impact the industry, it’s important that we continue to work with our clients to share knowledge,” said Mark Rowley, Partner-in-Charge of Baker Botts in London.
Sept 9 (LNGJ) - The 261,700 cubic metres capacity Q-Max carrier “Al Samriya” will deliver a shipment on September 14 from Qatargas to the UK South Hook import terminal in Milford Haven, Wales, the port authorities said. The benchmark National Balancing Point natural gas price was last at the equivalent of $4.10 per million British thermal units
Sept 8 (LNGJ) - The 174,000 “Maran Gas Pericles”, owned by the Greek Angelicoussis Group, arrived on September 8 at the Australian Queensland Curtis LNG plant, owned by Royal Dutch Shell, to lift a cargo for delivery to Asia, according to shipping data. The 140,000 cubic metres capacity “Arctic Voyager” is scheduled to deliver a shipment from Norway on September 24 to the Bahia Blanca import facility in Argentina. The 148,470 cubic metres capacity “LNG Kano” is due to deliver a cargo from Nigeria on September 29 to the South Korean Gwangyang import terminal.
Sept 8 (LNGJ) - Tullett Prebon, one of the world’s leading inter-dealer brokers, has established a new natural gas liquids (NGLs) desk. The firm has appointed Charlie Jenkins and Ben Lucking to drive the NGLs operation in the Americas. The NGLs desk, based in Houston, specializes in brokering both physical and financial swaps. Prior to joining Tullett Prebon, Jenkins was the owner of Nordico Brokers in Baltimore, Maryland. He specialises in brokering swaps, futures and physical transportation of NGLs. Lucking joins from TFS Singapore, where he specialised in the brokerage of Brent and Saudi crudes. Andrew Polydor, Global Head of Energy and Commodities said: “I am delighted to welcome Charlie and Ben to our new desk in Houston. With a combined experience of over 30 years in global NGLs markets, they will play an integral part in the expansion of our offering in the US.”
Sept 7 (LNGJ) - The Texas Alliance of Energy Producers said the monthly upstream oil and gas employment figures have risen for the first time in 19 months. “The reversal of the employment-loss trend is an encouraging sign that the deep contraction in the Texas upstream oil and gas economy is in the process of coming to an end," said Karr Ingham, the economist who created and maintains the Texas Petro Index. Estimated Texas natural gas output was more than 708.9 billion cubic feet, a year-on-year monthly decline of about 5.2 percent. However, the number of active drilling rigs in Texas surpassed 200 units for the first time since March and the price of crude oil continued a four-month rally.
Sept 7 (LNGJ) - The Peru LNG export plant at Pampa Melchorita has loaded two cargoes in September. The first was lifted by the 138,000 cubic metres capacity “Madrid Spirit”, operated by Teekay, and is headed for Spain. The second was loaded onto the “Gallina”, operated by Shell Shipping, and was enroute to the Manzanillo import terminal on the Pacific coast of Mexico.
Sept 6 (LNGJ) - The 160,000 cubic metres capacity vessel “Cool Voyager”, managed by Athens-based Thenamaris, is schedule to deliver an Australian cargo from Curtis Island in Queensland on September 18 to the Chinese Tangshan import terminal, located east of Beijing in Heibei province and operated by PetroChina, according to shipping data. The 145,000 cubic metres capacity “Energy Progress”, operated by Mitsui Osk Lines, will deliver a shipment on September 9 from the ConocoPhillips-operated Darwin LNG plant in Australia to the Japanese Hitachi import terminal, operated by Tokyo Gas. The 145,700 cubic metres capacity “LNG Benue” will deliver a cargo from Nigeria on September 17 to the Indian import terminal at Hazira, operated by Shell.
Sept 5 (LNGJ) - Excelerate Energy of the US, the supplier of floating storage and regasification terminals, said it completed its 1,000th commercial ship-to-ship transfer of LNG at the Escobar facility, located north of the Argentine capital Buenos Aires. Using Excelerate's FSRU “Expedient” and a conventional carrier, a total of almost 84,000 cubic metres of LNG was transferred using the double-banked transfer system. “We are pleased that this achievement was accomplished with both Enarsa and YPF in Argentina,” stated Excelerate Chief Development Officer Daniel Bustos. “Argentina was one of the first adopters of floating regasification. Their early confidence in our technology and STS process helped prove the inherent benefits of FSRU terminals, and ultimately enabled the market to grow,” Bustos added.
Sept 5 (LNGJ) - The 261,700 Q-Max carrier “Lijmiliya” will deliver a cargo on September 11 from Qatargas to the South Hook import terminal in Milford Haven, Wales, the port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.42 per million British thermal units.
Sept 2 (LNGJ) - The 266,000 Q-Max carrier “Umm Slal” will deliver a cargo on September 8 from Qatargas to the South Hook import terminal in Milford Haven, Wales, the port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.25 per million British thermal units.
Sept 2 (LNGJ) - The 173,400 cubic metres capacity vessel “Ribera del Duero Knutsen” has docked at the US export terminal at Sabine Pass in Louisiana, operated by Cheniere Energy, to load a cargo, according to shipping data. The 155,900 cubic metres capacity “Clean Ocean”, operated by Greek shipping line Dynagas, has just delivered a cargo to the Argentine import facility at the Port of Bahia Blanca. The 210,100 cubic metres capacity “Umm Al Amad” has unloaded a shipment from Qatar at the Map Ta Phut import terminal in Thailand. The 145,000 cubic metres capacity vessel “Ejnan” has arrived at the Belgian import terminal at Zeebrugge. The 155,000 cubic metres capacity “Solaris”, operated by GasLog, has docked at the Shell-owned Queensland Curtis LNG terminal in Gladstone, eastern Australia, to load a cargo.
Sept 2 (LNGJ) - The tropical storm and hurricane season in the Gulf of Mexico led to evacuations of personnel from offshore platforms and declines in US Gulf Coast natural gas production in the past week. It has also sent spot natural gas prices higher, with the benchmark Henry Hub price last at $2.92 per million British thermal units. Several producers, including Shell, BHP Billiton, Anadarko and BP evacuated personnel from offshore facilities as a precaution during the latest severe weather. The latest tropical disturbance is known as Hurricane Hermine and came ashore in the state of Florida on September 2.
Sept 1 (LNGJ) - The 160,000 cubic metres capacity “Golar Penguin” has just arrived at the Ain Sokhna floating import facility in Egypt with a cargo from Qatar, according to shipping data. The 160,000 cubic metres capacity “Asia Excellence” was unloading an Australian cargo at the Taiwanese import terminal at Yung-An. The 210,000 cubic metres capacity “Al Oraiq” has delivered a shipment from Qatar to the Pyeongtaek terminal in South Korea, operated by Korea Gas Corp. The 160,106 cubic metres capacity “Palu LNG” has unloaded a cargo from Woodside in Australia at the Japanese Chita import terminal in Nagoya. The 170,000 cubic metres capacity “Gigira Laitebo” arrived at the Himeji import terminal in Osaka Bay in Japan with a delivery from Papua New Guinea.
Aug 31 (LNGJ) - Chart Industries of the US said it was continuing to support the LNG fueling network build-out in Northern Europe. Chart said its latest LNG fueling station was opened for business in Helsinki’s port industrial zone, Owned and operated by Finnish natural gas company Gasum, the Helsinki station was installed by Chart partner Sarlin Oy and commissioned by Chart Ferox engineers. “It’s the latest deployment of Chart’s skid-mounted Compact LNG Fueling Station, which is targeted at vehicle fleet bases, remote locations, small ports and also provides an excellent temporary fueling solution,” the company said.
Aug 31 (LNGJ) - The 215,000 cubic metres capacity Q-Flex ship “Al Utouriya” is set to unload a cargo from Qatar on September 2 at the Portuguese import terminal at Sines, according to shipping data. The 137,350 cubic metres capacity carrier “Al Wajba” will deliver cargo on September 4 from Singapore to the Japanese Naoetsu import terminal, owned by Inpex.The 217,000 Q-Max carrier “Al Kharsaah” is scheduled to deliver a RasGas cargo on September 13 to the Map Ta Phut import terminal in Thailand.
Aug 31 (LNGJ) - The 165,000 cubic metres capacity vessel “Gaslog Salem” is delivering a cargo on September 1 to the Manzanillo LNG import terminal on the Pacific coast of Mexico after traversing the Panama Canal. The ship earlier crossed the Atlantic with the cargo loaded on August 16 at the Algerian export plant at Arzew on the Mediterranean coast, according to shipping data.
Aug 30 (LNGJ) - French classification society Bureau Veritas has registered its first LNG-fueled newbuild oil-chemical tanker, the 15,000 deadweight tonnage “Ternsund”, built at Avic Dingheng shipyard in China and delivered to Danish tanker operator Terntank Rederi. “The ‘Ternsund’ is the first of a series of four ships all equipped with the Wartsila RT-flex50-D dual-fuel low-speed engine. The vessel became the first ever ship to take on LNG as bunker fuel in the Port of Rotterdam in early August, qualifying for an LNG bunkering premium equal to a 10 per cent reduction in port dues,” BV said. Philippe Donche-Gay, President of Bureau Veritas Marine & Offshore Division, stated: “We led the way globally classing dual-fuel gas carriers and we are now leading the way with newbuildings of different ship types using LNG as fuel.”
Aug 30 (LNGJ) - Russian natural gas company Gazprom, whose pipeline supply is the main competition to LNG in Europe, posted a 7 percent fall in quarterly net profits to 245 billion rubles ($3.7Bln). Gazprom supplies around 30 percent of European natural gas needs and contracts are linked to the crude oil price. On a six-monthly basis, net sales of gas increased by 136Bln rubles, or 8 percent, to 1.75 trillion rubles for the period ending June 30. Net sales of gas to Europe and other countries increased by 181Bln rubles, or 19 percent, to 1.12 trillion rubles. “This was mainly driven by the increase in volumes of gas sold by 36 percent, or 29.0 billion cubic metres, which was partially offset by the decrease in average Russian ruble prices,” Gazprom said.
Aug 29 (LNGJ) – The first September LNG cargo is headed for the UK. The 266,000 Q-Max vessel “Shagra” is scheduled to deliver a cargo on September 3 from Qatargas to the South Hook import terminal in Milford Haven, Wales, the port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $3.90 per million British thermal units.
Aug 29 (LNGJ) - The inauguration ceremony of the Argentine natural gas field located offshore Tierra del Fuego and operated by France’s Total was postponed until a later date to allow the country’s President to attend when his programme is free. Total has already started production at the offshore Vega Pleyade field with a capacity of 10 million cubic metres of gas per day. The project is the world's southern-most gas development. The Vega Pleyade project consists of a wellhead platform in 50 metres of water, tied back via a 77-kilometre offshore pipeline to the Total-operated Rio Cullen and Canadon Alfa onshore treatment facilities.
Aug 29 (LNGJ) - Sinopec of China, a shareholder in the Australia Pacific LNG venture in Queensland and the leading Chinese oil refiner, posted a first-half fall in net profits of 21.6 per cent because of the lower crude prices. The company made 19.92 billion yuan (US$2.98 billion) in the January to June period compared with 25.42Bln yuan in the same period last year, according to a statement realised by the Hong Kong stock exchange, where it is listed. China National Offshore Oil Corp., the country’s other main energy company and largest LNG import terminal operator, reported a net loss of 7.74Bln yuan (US$1.16Bln) in the first six months of the year.
Aug 26 (LNGJ) - The US Department of Energy issued an order granting American LNG Marketing a permit to export LNG over two years from its Hialeah facility near Medley in Florida to nations with and without a Free Trade Agreement with the US. The LNG would be loaded into ISO containers at the facility and transported by road or rail to ports in the state for export on ocean-going vessels. “The volumes proposed for export in this proceeding, when added to any volumes exported under American LNG’s long-term export authorizations, will not exceed 3.02 billion cubic feet on an annual basis,” the DoE said.
Aug 25 (LNGJ) - Two Australian cargoes are destined for India. The 155,00 cubic metres capacity carrier “British Emerald”, operated by BP Shipping, left the Western Australian export plant at Dampier, operated by Woodside, on August 20 and is scheduled to arrive at the Indian Dahej import terminal near Mumbai on September 2. The Chevron-operated vessel, “Asia Energy”, is scheduled to deliver an Australian cargo from Dampier to the same Indian terminal on September 4.
Aug 25 (LNGJ) - In European LNG shipping movements, the 147,200 cubic metres capacity carrier “Arctic Princess” will deliver a cargo on August 28 from the Hammerfest plant in Northern Norway to the Huelva import terminal in southwest Spain. The 75,000 cubic metres capacity vessel “Cheikh El Mokrani” will deliver an Algerian shipment from the Arzew plant on August 28 to the French terminal at Fos Sur Mer, near Marseilles. The small-scale Dutch carrier “Coral Energy” is unloading a cargo in Finland on August 25 at the new small-scale terminal at the port of Pori. The shipment comes from the Zeebrugge terminal in Belgium.
Aug 24 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Mozah” is scheduled to deliver a cargo from Qatargas on August 30 to the UK South Hook import terminal in Milford Haven, Wales, the port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.00 per million British thermal units.