This week

India to confront problems before
it can unleash huge LNG demand

As Indian domestic natural gas production declines, the lack of infrastructure has limited the growth of the home gas market and LNG imports while regulated downstream prices have meant that demand is extremely sensitive to pricing movements.

LNG
Latest News
In Atlantic Basin LNG shipping movements, there continued to be steady cargo flows from the Cheniere Energy Sabine Pass plant in Louisiana and there were liftings at…
Origin Energy, the major shareholder in the Australia Pacific LNG plant in Queensland, is launching a major corporate overhaul that includes floating off its conventional natural gas…
A project aimed at importing liquefied natural gas cargoes into the UK natural gas market at the port of Barrow-in-Furness in Cumbria, northwest England, from Louisiana on…
Inpex Corp., the Japanese oil and gas company and US major Chevron Corp., who each have large and competing LNG project interests in Australia, have joined force…
French energy and LNG engineering company Technip and subsea operator FMC Technologies said that their respective shareholders had voted to approve their proposed $13 billion merger, now…
The Dutch Title Transfer Facility (TTF) natural gas daily futures price widened against the UK National Balancing Point price, showing a differential of US$0.63 per million British thermal…
German utility and energy company Uniper has organized the delivery of the first US LNG cargo to Italy and the 156,000 cubic metres capacity carrier “Wilpride” is…
The Latin American state of Colombia has held a ceremony on the Caribbean coast to formally launch the operations of the “Hoegh Grace” Floating Storage and Regasification Unit in…
ExxonMobil Corp., the biggest global oil company by market value and whose LNG production joint ventures are located in the two biggest producing nations Qatar and Australia…
Origin Energy Chief Executive Frank Calabria has made executive changes after taking over from Grant King as head of the company, the upstream feed-gas supplier to the…
Arup, the energy engineering and consulting firm, said it was contracted to work on a floating liquefied natural gas regasification terminal and supply hub planned for the…

UK LNG equipment deal

Dec 6 (LNGJ) - Parker Bestobell Marine, the UK-based supplier of cryogenic globe and check valves for LNG shipping and fuel systems, will supply the valves for two Caledonian MacBrayne ferries being built at Ferguson Marine Engineering in Glasgow. The valves will be installed in the LNG fuel gas systems of the vessels, which will be the first UK-built ships to have LNG propulsion. The new ferries will be dual-fuel vessels to operate on either LNG or marine diesel fuel. “The first of the new Calmac ferries is expected to be delivered in early 2018, with the second vessel following a few months later. The ships are designed to carry 127 cars or 16 HGVs (Heavy Goods Vehicles) or a combination and up to 1,000 passengers,” said Parker Bestobell, whose valves factory is in Sheffield.

CB&I open-door for veterans

Dec 6 (LNGJ) - CB&I, the US energy and LNG project company, has launched a craft development programme for industrial electricians as part of the company’s long-standing commitment to supporting American military veterans. CB&I has partnered with Central Louisiana Technical Community College’s Lamar Salter Campus and Fort Polk, a US Army installation in Louisiana, to train military personnel for new careers. The programme lasts 16 weeks and qualified graduates will receive job offers from CB&I. “As a fellow veteran, I want the men and women participating in the programme to know that CB&I values your leadership, teamwork, strong work ethic and many of the other traits you develop in the US Armed Forces,” said Philip K. Asherman, CB&I’s President and Chief Executive.

Corpus Christ LNG notes

Dec 6 (LNGJ) - Cheniere Energy, the US owner of the Sabine Pass LNG export plant in Louisiana, is borrowing about $1.5 billion to help develop its second liquefaction plant being constructed at Corpus Christi in Texas. The borrowing is in the form of senior secured notes being sold to investors. The value of the Cheniere notes was increased by $500 million from an initial $1Bln. The notes will bear interest at a rate of 5.875 percent per annum and will mature on March 31, 2025. The offering is expected to close on December 9.

Texas energy revival

Dec 5 (LNGJ) - The Texas Petro Index declined in October for the 23rd straight month, though just by 0.1 point to 149.1 as higher wellhead prices sparked more drilling and permitting activity, offsetting the effects of continuing oil and gas production declines. Feed-gas for future and current LNG exports come from Texas feed-gas among other sources. According to the TPI, natural gas prices in Texas this year through October were about 14.3 percent less on average than in the first 10 months of 2015. Prices in October averaged $2.91 per thousand cubic feet. Natural gas output in Texas during October was down about 8 percent compared with the same month in 2015, while gas production in Texas for the first 10 months was down about 6.5 percent compared with 2015. The posted price for West Texas Intermediate crude averaged $46.31 per barrel in October, the highest monthly average since July 2015.

Q-Flex LNG for UK Dec 7

Dec 2 (LNG) - The 217,000 Q-Flex carrier “Al Huwaila” will deliver a shipment on December 7 from Qatargas in Ras Laffan to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The LNG is being imported as the benchmark UK National Balancing Point natural gas price has been rising recently and was last at the equivalent of $6.20 per million British thermal units. The Dutch title Transfer Facility (TTF) natural gas daily futures prices was last at the equivalent of $5.35 per MMBtu.

Hoegh LNG share offering

Dec 2 (LNGJ) - Hoegh LNG Partners, the US-listed affiliate of the Norwegian fleet owner and project company, has priced a share sale of 6 million common units at a public offering price of $17.60 per unit to raise $105.6 million. The partnership intends to use the net proceeds to fund its purchase from Hoegh LNG of a majority stake in the Floating Storage and Regasification Unit, the “Hoegh Grace”. Investment banks Citigroup and Barclays are acting as the joint book-running managers of the offering in addition to the brokers DNB Markets, Fearnley Securities and Stifel. The partnership has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares depending on demand.

LNG cargoes for Europe

Dec 1 (LNGJ) - The 148,470 cubic metres capacity vessel “LNG Kano” will deliver a cargo on December 5 to the Montoir-de-Bretagne terminal in Western France from the Bonny Island export plant in Nigeria, according to shipping data. The 141,000 cubic metres capacity “LNG River Niger” is scheduled to unload a Nigerian cargo on December 7 at the Barcelona import terminal in northeast Spain. The  145,000 cubic metres capacity vessel “Milaha Qatar” will deliver a shipment on December 8 to the Zeebrugge terminal in Belgium from the Qatari export plant at Ras Laffan.

Magnolia LNG gets permit

Dec 1 (LNGJ) - Liquefied Natural Gas Ltd, the developer of the Magnolia LNG export plant in Louisiana, said the US Department of Energy has authorised the planned facility to export cargoes to countries with which the United States has not entered into a free trade agreement. “Our Magnolia project team is very pleased to have successfully received this final piece of the regulatory framework enabling our LNG project to export US-produced natural gas to the global energy market,” said LNG Ltd Chief Executive Greg Vesey.

Centrica sale in Trinidad

Nov 30 (LNGJ) - UK utility and energy company Centrica said it agreed to sell its portfolio of natural gas assets in the LNG producing nation of Trinidad and Tobago to Shell Exploration and Production for an initial cash consideration of $30 million. The assets consist of a 17.3 percent interest in the producing NCMA-1 block and 80 per cent and 90 per cent operated interests in two other undeveloped blocks. “The divestment is in line with Centrica’s strategy to focus its exploration and production activity in the UK, the Netherlands and Norway and to exit its positions in Canada and Trinidad and Tobago,” the company said.

Bunker contract win

Nov 30 (LNGJ) - Chicago Bridge and Iron was awarded a contract valued in excess of $200 million by Puget Sound Energy for the engineering, procurement, fabrication and construction of a multi-purpose LNG storage and fuel terminal in Tacoma, Washington state. The scope of the work includes a 30,000 cubic metres capacity full containment storage tank. The facility will provide peak shaving, marine bunkering and truck loading capabilities.

Angola LNG for Spain

Nov 29 (LNGJ) - The 160,500 cubic metres capacity vessel “Sonangol Benguela” will deliver a cargo on December 1 to the Sagunto import terminal in eastern Spain from the Soyo export plant in the southwest African nation of Angola, according to shipping data. The 147,200 cubic metres capacity vessel “Arctic Lady” will deliver a cargo to the Spanish port of Barcelona on December 7 from the Hammerfest plant in Northern Norway.

LNG cargoes for Asia

Nov 29 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Al Gattara” will deliver a cargo from Qatar on December 10 to Thailand’s import terminal at Map Ta Phut, operated by state energy company PTT. The 155,000 cubic metres capacity ship “British Emerald” will deliver a cargo on December 9 to the Korean Gwangyang terminal, owned by steelmaker POSCO, from the Woodside energy export terminal at Dampier in Australia. The 217,000 cubic metres capacity Q-Flex carrier “Al Kharsaah” will deliver a Qatari cargo on December 14 to the Japanese Kawagoe import terminal, operated by Chubu Electric in Kagawa Prefecture on Shikoku Island.

China LNG imports rise

Nov 28 (LNGJ) - Chinese liquefied natural gas imports rose just over 15 percent in the month of October, according to data from the General Administration of Customs. China imported 1.84 million tonnes of LNG last month compared with 1.60MT in the same month of 2015. China received just over 20MT for all of 2015 at its network of 14 import terminals.

Inpex Singapore move

Nov 28 (LNGJ) - Inpex Corp., the Japanese energy company and developer of LNG projects in Australia and Indonesia, said it had established a finance subsidiary in Singapore. “The move is intended to create a more efficient and centralized system to manage the Inpex Group’s intercompany finance operations and to strengthen the framework to support the financial administration of the Inpex group’s projects in Asia and Oceania,” the company said.

Technip-FMC names board

Nov 25 (LNGJ) - Technip, the French energy and LNG engineering company, and US peer FMC Technologies have named their respective designees to the Board of the combined company to be called TechnipFMC. The 14-member board will have seven persons from each company. They include from the Technip side Chief Executive Thierry Pilenko, future Executive Chairman of TechnipFMC and designated Chair of the Strategy Committee and Marie-Ange Debon, Chair of the Audit Committee. FMC’s seven board members include the new Chief Executive of TechnipFMC Douglas J. Pferdehirt and Peter Mellbye as Chair of the Nominating and Governance Committee.

US LNG project backed

Nov 24 (LNGJ) - The Australian company, LNG Ltd, said the US Federal Energy Regulatory Commission had denied a request from the Sierra Club environmental activist group to revoke approved permits for its Magnolia LNG export plant being developed in Louisiana. “FERC entirely rejected the Sierra Club’s arguments, basing its rejection largely on recent decisions from US federal appeals courts that have found FERC’s approach is proper and consistent with US Supreme Court precedent. Company Chief Executive Gregory Vesey said of the ruling: “We are pleased with the FERC’s decision on this matter and look forward to the US Department of Energy processing Magnolia LNG’s pending application to export LNG to non-Free Trade Agreement countries.”

LNG for India and China

Nov 24 (LNGJ) - The 136,000 cubic metres capacity vessel “Raahi” is expected to deliver a shipment from Qatar on November 29 to the Indian Dahej import terminal, near Mumbai, operated by Petronet. The 216,200 cubic metres capacity Q-Flex carrier Tembek is expected to deliver a shipment from Qatar on November 29 to the Dapeng import terminal in Shenzhen, southern China.

Pacific Basin shipping

Nov 23 – The 155,000 cubic metres capacity vessel “British Ruby”, operated by BP Shipping, will deliver a cargo on November 27 to the Tong-Yeong import terminal in South Korea from the Bontang plant in Indonesia, according to shipping data. The 174,100 cubic metres capacity ship “Cesi Gladstone” will deliver a shipment on December 5 to the Qingdao import terminal in Shandong province of eastern China, operated by Sinopec, from the Australia Pacific LNG plant in Gladstone, Queensland. The 145,000 cubic metres capacity carrier “Methane Lydon Volney” is scheduled to deliver a Shell cargo on December 14 to the Huelva import terminal in southwest Spain from the Pampa Melchorita export plant in Peru.

Europe LNG movements

Nov 22 (LNGJ) - The 148,300 cubic metres capacity “LNG Imo” is scheduled to deliver a cargo on November 23 to the Montoir-de-Bretagne import terminal in Western France, operated by Elengy, from the Bonny Island plant in Nigeria, according to shipping data. The 177,000 cubic metres capacity “LNG Lagos” is expected to deliver a Nigerian shipment to Turkey on November 23. The 140,000 cubic metres capacity “Arctic Voyager” lifted a cargo on November 12 from the Hammerfest plant in Northern Norway and is scheduled to arrive at the US Cove Point terminal in Maryland on November 27.

Dominion executive move

Nov 22 (LNGJ) - US natural gas and energy group Dominion, developer of the Cove Point LNG export plant in Maryland due to come on stream in 2017, has appointed Diane Leopold, currently President of Dominion Energy, to the additional post of Chief Executive of the energy unit. “She will be responsible for all of Dominion's natural gas businesses,” said the Richmond, Virginia based company whose assets include 14,400 miles of natural gas pipelines. Leopold joined Dominion in 1995. She also serves as chair of the Interstate Natural Gas Pipeline Association of America, the first woman to hold the position. Dominion said Leopold will report to group Chairman, President and CEO Thomas F. Farrell II.

LNG shipments from US

Nov 21 (LNGJ) - The US Department of Energy released data on LNG exports showing that five cargoes were shipped from the Sabine Pass liquefaction and export plant in Louisiana, operated by Houston-based Cheniere Energy. The shipments went to five different countries: Mexico, Jordan, India, Turkey and Kuwait at prices ranging from $4.73 per million British thermal units to $6.28 per MMBtu. Five other cargoes were shipped in ISO containers from the small-scale Hialeah liquefaction plant at Medley in Florida on conventional cargo vessels via the Port of Miami to the Caribbean island of Barbados. These shipments were priced at $10.00 per MMBtu.

Awilco LNG loss narrows

Nov 18 (LNGJ) - Awilco LNG of Norway, the owner of two LNG carriers, reported a lower net loss in the third quarter due to the sale of its two older vessels. Awilco reduced its net loss to $4.2 million in the third quarter compared with $11.5M in the previous quarter. The “WilEnergy” and “WilGas” were sold and delivered to new owners, contributing a net positive cash effect of $32.2M. Third-quarter LNG freight income was $8.4M, slightly down from 2015. The company still owns two tri-fuel, diesel-electric vessels, the “WilForce” and “WilPride”, delivered in 2013.

LNG deliveries from US

Nov 17 (LNGJ) - The 161,870 cubic metres capacity “Maran Gas Alexandria” has lifted a cargo from the US Sabine Pass export plant in Louisiana and is headed for the Panama Canal, according to shipping data. The previous cargo lifted from Sabine Pass by the vessel 155,900 “Clean Ocean”, was delivered to the Manzanillo import facility on the Pacific coast of Mexico. The “Clean Ocean” is owned by Greek shipping line Dynagas and chartered to Sabine Pass owner Cheniere Energy under a five-year contract ending in the second quarter of 2020.

China and Pakistan cargoes

Nov 17 (LNGJ) - The 217,000 cubic metres capacity “Al Kharsaah” will deliver a Qatari cargo on November 19 to the Pakistani import terminal at Port Qasim, near Karachi. The 160,000 cubic metres capacity “Asia Energy” will deliver a shipment on November 20 to the Chinese import terminal at Qingdao, owned by Sinopec, from the Australia Pacific LNG plant in Queensland, eastern Australia. The new carrier, the 174,000 cubic metres capacity “Cesi Gladstone”, operated by Mitsui OSK Lines, is scheduled to arrive at the APLNG plant on November 20 to lift its first cargo.

Korean LNG fuel plan

Nov 16 (LNGJ) - The South Korean government said it planned to encourage its shipyards to build more vessels to use LNG as fuel and to back the infrastructure needed for cleaner fuel in the shipping and trucking industries. The government said it would also offer tax incentives to make sure that South Korea had at least 20 vessels fueled by LNG by 2025. “To ensure enough infrastructure, the government will also gradually provide bunkering facilities in the five major ports in Korea,” it said. The largest Korean port, Busan, is developing the first bunkering system for shipping through private investments amounting to over US$500 million.

Canadian gas setback

Nov 16 (LNGJ) - TransCanada Corp., the main pipeline company to transport feed-gas for LNG projects in Canada, has withdrawn its offer to lower its tolls because shippers and developers said they believed the prices were too high TransCanada started the open season for its new tolling rates in October, offering more favourable terms for its Canadian Mainline. The company said the bids received did not make up enough volume. TransCanada had also asked shippers to sign up for a 10-year contract and pay between C$0.75and C$0.82 per gigajoule, depending on volumes. The company also offered shippers the option to exit the contract after five years, with a two-year notice period.

Technip subsea newbuild

Nov 15 (LNGJ) - French LNG and energy project company Technip has named its latest newbuild vessel for subsea operations “Deep Explorer”. An official naming ceremony for the diving support vessel was held at the Vard Langsten shipyard in Norway. The vessel hull was built by Vard Tulcea shipyard in Romania and then towed to Vard Langsten for equipment outfitting and commissioning. The vessel features a 24-man twin bell saturated dive system rated to 350 metres. Technip is scheduled to underpin its subsea business as it prepares to merge with Houston, Texas-based FMC Technologies Their respective shareholders hold meetings in the France and the US on December 5 to formally approve the $13 billion merger.

Golar LNG share offer

Nov 15 (LNGJ) - Golar LNG, the Norwegian fleet owner and project developer now operating out of Hamilton, Bermuda, is increasing the size of a previously announced share offering by 800,000 shares to 6.5 million shares. Golar also priced the offering at $23.50 per share. As part of the offering, the underwriters are selling 212,765 of the common shares to a member of the Golar board at the public offering price. The company granted the underwriters a 30-day option to purchase up to an additional 975,000 shares. The proceeds are expected to be just over $150 million and will partly fund the settlement of outstanding convertible bond borrowings. The share offer, scheduled to close on November 18, has Citigroup as the sole book-running manager, with brokers Clarksons Platou Securities, Danske Markets and Evercore ISI acting as joint lead managers.

Maran Gas ship delivery

Nov 14 (LNGJ) - Greek LNG carrier fleet owner, Maran Gas, has taken delivery of its latest tanker, the “Maran Gas Hector” with 174,000 cubic metres of capacity. The LNG unit of the Angelicoussis Shipping Group now has 22 carriers in its fleet after the hand-over of the latest duel-fuel, diesel-electric ship from the Hyundai Samho yard in South Korea. Maran Gas has nine other carriers under construction.

Japanese gas well tested

Nov 11 (LNGJ) - Inpex Corp., the Japanese LNG project developer and terminal owner, reported some success in drilling operations lasting four months at a natural gas well offshore southwest Japan. The operations consisted of drilling to a depth of 2,900 metres below the sea floor at a location 130 kilometres northwest of Shimane Prefecture as part of a project commissioned by the Agency of Natural Resources and Energy. “The drilling operations resulted in the findings of a thin gas reservoir in a shallow zone as well as some gas indications in deeper zones,” the company said Based on these findings, Inpex said it would conduct a detailed analysis and evaluation of the data to decide the next step.

Engie profitability drops

Nov 10 (LNGJ) - French utility and energy group Engie said nine-month revenues were 47.51 billion euros ($51.15Bln), down 11.1 percent compared with the 53.5Bln euros posted in 2015. This decrease was mainly attributable to lower commodity prices which impacted LNG activities, exploration and production and other businesses, including power generation and to the temperatures in France which were milder over the first nine months of 2016 compared with the same period in 2015. Cash flow from operations, a good measure of profitability, amounted to 6.8Bln euros for the nine months, down 600 million euros ($655M) versus the 2015 period. Among its earnings highlights, the French company stated: “In China, Engie and Beijing Gas Group strengthen their strategic partnership in security of supply with a delivery of 10 LNG cargoes to Beijing for this winter.”

Q-Max LNG for Nov 17

Nov 10 (LNGJ) - The 266,000 cubic metres capacity Q-Max vessel “Al Mafyar” will deliver a shipment on November 17 from Qatargas in Ras Laffan to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The benchmark UK National Balancing Point natural gas price has been rising recently and was last at the equivalent of $5.80 per million British thermal units.

US LNG Panama route

Nov 10 (LNG) - The 155,900 cubic metres capacity “Clean Ocean” has traversed the Panama Canal after lifting a cargo from the Sabine Pass export plant in Louisiana and was likely headed for an import terminal in Chile, according to shipping data. The “Clean Ocean” is owned by Greek shipping line Dynagas and chartered to Cheniere under a five-year contract ending in the second quarter of 2020.

Ichthys LNG pipe connected

Nov 9 (LNGJ) - The Ichthys LNG liquefaction project in Australia’s Northern Territory near Darwin, being developed by Japanese energy company Inpex Corp. and French major Total, has reached a pipeline landmark. The 890-kilometres pipeline built to deliver feed-gas from the offshore Ichthys field in the Browse Basin, located offshore northwest Australia, is now ready and connected to the processing plant at Blaydin Point. The pipeline took more than four years to complete and the eight-kilometre onshore section has now been connected to the subsea pipeline, making it the longest subsea pipeline in the southern hemisphere and the third-longest in the world.

Indian LNG bus on trial

Nov 9 (LNGJ) - The Indian Minister of Petroleum and Natural Gas, Dharmendra Pradhan, has inaugurated the operations of the nation’s first LNG-fueled bus at Kochi in the southwest state of Kerala. Also present were executives of the companies participating in the LNG bus project, Petronet LNG, Indian Oil Corp. and Tata Motors Ltd. “The bus is part of the Ministry’s plan to use LNG buses for mass transportation and to reduce carbon emissions in the country,” a statement said. The LNG bus will operate at the Kochi LNG import terminal, owned by Petronet. The fuel tank was provided by Chart Industries of the US as part of the pilot project to use the bus on a trial basis.

LNG carrier movements

Nov 8 (LNGJ) - The 155,000 cubic metres capacity “Gaslog Savannah” will arrive on November 12 at the Gorgon LNG export plant at Barrow Island in Western Australia, operated by Chevron, to lift a cargo for Asia. The 155,000 cubic metres capacity “British Emerald”, operated by BP Shipping, is scheduled to deliver a shipment to Tokyo Bay on November 15 from the Bonny Island plant in Nigeria. The 160,000 cubic metres capacity vessel “Cool Runner” was headed for the UK with a cargo from Nigeria, with delivery scheduled for November 15. The 165,000 cubic metres capacity “Marib Spirit” is scheduled to lift a cargo on November 17 from the Gladstone LNG plant in Queensland, Australia, for likely delivery to South Korea for Korea Gas Corp.

Chevron gas boosts UK

Nov 7 (LNGJ) - Chevron Corp. said it had started production at the Alder natural gas field in the UK sector of the North Sea. The project will eventually produce 110 million cubic feet of natural gas and 14,000 barrels of condensate per day. “First gas at Alder represents a significant milestone for Chevron and highlights our commitment to investing and developing resources in the UK,” said Greta Lydecker, Managing Director of Chevron Upstream Europe. “The safe and successful completion of this project was underpinned by strong collaboration between Chevron and Alder co-venturer ConocoPhillips. Alder supports our goal of helping maximize the economic recovery of the UK,” stated Lydecker.

Oregon LNG appeal

Nov 4 (LNGJ) - The Jordan Cove LNG project planned for Coos Bay in the northwest state of Oregon has asked the Federal Energy Regulatory Commission to rule soon on its request for a rehearing of an order rejecting its development. The FERC rejection order cited a lack of market support for the Oregon venture, though the project led by Canadian company Veresen later signed two Japanese supply deals, one with Jera Co Inc. and another with trading house Itochu Corp.

LNG role in US demand

Nov 4 (LNGJ) - The opening of Sabine Pass, the first liquefied natural gas export plant on the Gulf Coast, marked the onset of a new demand source, with deliveries to the facility averaging 0.6 billion cubic feet per day in the April-to-October injection season when US demand reached record levels. Net natural gas exports to Mexico also increased as new cross-border pipelines came online. According to the latest data published by the US Energy Information Administration, natural gas consumption and net exports averaged 71.4 billion cubic feet per day (Bcf/d), 2 Bcf/d above the 2015 injection season, which held the previous record. “The rise in natural gas use for electricity generation was a primary driver of demand,” the EIA said.

European LNG deliveries

Nov 3 (LNGJ) - The 147,200 cubic metres capacity carrier “Arctic Lady” will deliver a cargo to the Barcelona import terminal in northeast Spain on November 5 from the Hammerfest liquefaction plant in Northern Norway, operated by Statoil. The 147,200 cubic metre capacity ship “Arctic Princess” will unload a shipment from Norway on November 6 at the Lithuanian import facility at Klaipeda on the Baltic coast.

Pakistan and India cargoes

Nov 3 (LNGJ) - Cargoes are headed for both India and Pakistan. The 217,000 cubic metres capacity Q-Flex vessel “Al Kharsaah” is scheduled to deliver a Qatari shipment on November 5 to the Pakistani import facility at Port Qasim, near Karachi. The 210,000 cubic metres capacity ship “Al Oraiq” will unload a cargo from Qatar on November 12 at the Hazira import terminal near Mumbai, operated by Shell India.

Australia LNG liftings

Nov 3 (LNGJ) - The 147,000 cubic metres capacity vessel “Dapeng Star” is lifting a cargo from the Woodside operated North West Shelf plant after docking at the Withnell Bay jetty at the Western Australian port of Dampier. The shipment is headed on the Hong Kong-flagged vessel for the Chinese Guangdong terminal on the Pearl River delta. The 152,300 cubic metres capacity “Seri Begawan”, operated by Malaysia International Shipping Corp., has docked at the Santos-operated Gladstone LNG plant in Queensland, Australia, to lift a cargo for Asia.

Asian LNG movements

Nov 2 (LNGJ) - The 145,000 cubic metres capacity “Methane Lydon Volney”, owned by Royal Dutch Shell, has traversed the Panama Canal with a cargo from the Atlantic LNG plant at Point Fortin in Trinidad for delivery to a terminal in the Pacific Basin, according to shipping data. The 173,400 cubic metres capacity “Sevilla Knutsen” has delivered a shipment to the Japanese import terminal in Osaka Bay from the Indonesian Bontang LNG export plant. The 155,000 cubic metres capacity “Gaslog Seattle” is lifting a cargo from the Queensland Curtis LNG plant, owned by Shell, for delivery to Asia.

LNG ship movements

Nov 1 (LNGJ) - The 75,000 cubic metres capacity Algerian LNG carrier “Cheikh Bouamama” is unloading a cargo at the Greek import terminal at Revithoussa after arriving from the Portuguese terminal at Sines, according to shipping data. The 210,100 cubic metres capacity Q-Flex vessel “Fraiha” has arrived with a shipment from Qatar at the Hazira import terminal in India. The 174,000 cubic metres capacity “Maran Gas Achilles” has lifted a cargo from the Equatorial Guinea export plant at Malabo to deliver to a terminal in the Atlantic Basin. The 177,000 cubic metres capacity “Energy Horizon” has berthed at the Pluto LNG jetty at the Port of Dampier in Western Australia to lift a cargo for delivery to Tokyo Bay.

BP Trinidad LNG move

Nov 1 (LNGJ) - BP of the UK noted in its latest quarterly statement that it was proceeding with an onshore compression project for Atlantic LNG in Trinidad. “The project is now 100 percent funded and owned by BP Trinidad and Tobago and will be operated by Atlantic LNG,” BP said. The UK major’s third-quarter profit was $1.66 billion compared with $1.23Bln a year ago. For the first nine months of 2016, BP posted a loss of $1.07Bln compared with a loss of $2.92Bln in the same nine months of 2015 because of charges associated with the Deepwater Horizon accident and oil spill in the US Gulf of Mexico.

Head of ABS honoured

Nov 1 (LNGJ) - The shipping industry has made an award to Christopher J. Wiernicki, Chairman, President and Chief Executive of the American Bureau of Shipping, the US classification society. Wiernicki was honoured for his contributions to the maritime industry by the United Seamen’s Service as a recipient of the Admiral of the Ocean Seas Award at a ceremony in New York City. “I am humbled to accept this award, not for me, but rather on behalf of the more than 5,000 worldwide employees of ABS and the 1.5 million mariners who day in and day out keep this industry moving and our global economy expanding,” Wiernicki said. Also honoured were Arthur E. Imperatore, Founder and President of New York Waterways, and Donald Marcus, President of the International Organization of Masters, Mates and Pilots.

QP forms Ocean LNG

Oct 31 (LNGJ) - Qatar Petroleum has set up a company called Ocean LNG Ltd to market its future international LNG supply portfolio sourced from outside the State of Qatar, where its affiliates Qatargas and RasGas produce a combined 77 million tonnes per annum. QP said its move was motivated by its desire to continue to be a global LNG leader and to invest in LNG projects outside Qatar. A branch office of Ocean LNG will be established in the Qatar Financial Centre in the Gulf state’s capital, Doha, to manage and undertake the new company’s activities. “QP aspires to be one of the leading energy companies in the world. and LNG forms one of the cornerstones of these aspirations.,” said Saad Sherida Al-Kaabi, President and Chief Executive of QP. “As such, it is crucial for us to establish a global LNG marketing arm that will be instrumental in monetizing opportunities that Qatar Petroleum will be pursuing and capturing outside Qatar.” Ocean LNG is a joint venture between majority stakeholder QP and Ras Laffan liquefaction plant partner ExxonMobil.

Q-Max back from Shell

Oct 31 (LNGJ) - Qatar Gas Transport Co., known as Nakilat, has taken back management of the 266,000 cubic metres capacity carrier “Mozah” from Shell International Trading and Shipping Co. as part of a phased transition back to Qatari hands of the Gulf state’s LNG fleet. Nakilat Managing Director Abdullah Fadhalah Al Sulaiti said: “This management takeover of ‘Mozah’ will mark the beginning of another chapter for Nakilat’s operations as we expand our role as a ship manager and move towards consolidating the operations for our wholly-owned vessels in-house.” The “Mozah” is wholly-owned by Nakilat and chartered to Qatargas. The vessel has already completed 55 voyages, covering almost 700,000 nautical miles since it was delivered in July 2008.

Spanish gas-fired surge

Oct 28 (LNGJ) - Spanish natural gas demand for generating gas-fired power electricity has risen to record levels in October, according to transmission network and LNG terminal owner Enagas. Gas consumption for power in October was at the highest level since July 2015 and the second highest since October 2012. “Consumption for electricity is expected to close the month at 7,300 gigawatt hours, the highest monthly figure this year, confirming the importance of natural gas in the power generation mix,” Enagas said. “Total demand grew by around 7.5 percent compared with October last year,” it said. “Records this month have been mainly driven by a lower contribution from wind energy and increased electricity exports (to France),” Enagas added.

GasLog transfers carrier

Oct 27 (LNGJ) - GasLog Partners and affiliate GasLog Ltd have entered into an agreement for the partnership to purchase the “GasLog Seattle” carrier for $189 million, which includes “$1M for positive net working capital balances” to be transferred with the vessel. This is the third such vessel transfer between the companies. GasLog Partners expects to finance the acquisition with cash on hand, including proceeds from its recent equity offering and the assumption of the existing debt of “GasLog Seattle”. The ship has tri-fuel diesel-electric vessel has 155,000 cubic metres of capacity and was built in 2013. It is currently on a multi-year time charter with a subsidiary of Royal Dutch Shell through December 2020 with two consecutive five-year extension options.