There are currently 75 ships using liquefied natural gas as fuel in operation worldwide, not including the carriers that make deliveries, with another 84 newbuilds on order as emission regulations become stricter in 2020 and beyond.
The Australian government said it its latest natural gas industry report that in contrast to the very tight market conditions over the past four years, it is expected that there will be excess supply capacity in the global LNG market until at least 2020.
The first export shipment of liquefied natural gas produced in the Lower 48 states left the Gulf Coast of Louisiana on February 24 and was the result of a decade of natural gas production growth that has put the United States in a new position in the worldwide energy trade.
Germany’s transition to the cleaner fuel era is not depended on liquefied natural gas, unlike its West European neighbours, but on Russian pipeline natural gas company Gazprom.
As the international market for small-scale LNG and bunkering expands globally, the need for safety and enhanced commercial practices are increasingly important and are being addressed by DNV GL through an updated Recommended Practice.
Since legislation was put in place in 2015 that controlled sulphur emissions in designated Emissions Control Areas, there has been a greater focus within the shipbuilding industry on the use of cleaner fuels such as liquefied natural gas.
April 29 (LNGJ) - Exmar, the Belgian LNG fleet owner with various stakes in 15 carrier and floating storage and regasification units, posted a drop in first-quarter turnover to $25.5 million from $32.4M in the same three months last year. LNG operations contributed $13.3M to operating income compared with $8.9M in the same 2015 quarter. “All LNG carriers but “Excel” remain employed on long-term contracts at rewarding levels. Despite difficult market conditions, “Excel” continues to be employed on the spot market,” Exmar said. “Following the termination of the contract with Pacific Exploration and Production, Exmar is in discussions with several parties to deploy the FLNG barge on projects located mainly in the Middle East, South America and West Africa,” it added.
April 28 (LNGJ) - The UK will receive its second May LNG cargo from Qatargas on May 4 when the 210,100 cubic metres capacity Q-Flex vessel “Duhail” delivers a shipment to the South Hook import terminal in Milford Haven, Wales. Its arrival will follow the May 1 docking at South Hook of the Q-Flex carrier “Al Huwaila”. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.80 per million British thermal units after rising this week.
April 27 (LNGJ) - French energy company Total said its liquefied natural gas sales in the first quarter fell 6 percent to 2.64 million tonnes compared with 2.80MT in the same three months of 2015, though will improve during the rest of 2016 as Angola LNG and Australian Gladstone LNG volumes have an impact. Total noted that during the quarter it signed sale and purchase agreements with Indonesian energy company Pertamina and ENN Group of China.
April 27 (LNGJ) - Norwegian energy company Statoil, operator of the only European baseload LNG export plant, the Hammerfest facility on Melkoya Island, has returned to first-quarter profit with total net income of $611 million compared with a loss of $4.57 billion in the same period of 2015. “I am pleased to see progress consistent with the priorities we presented in February,” said Eldar Saetre, President and Chief Executive. “We have a firm plan to improve efficiency and make faster and deeper cost reductions. We are radically improving our project break evens and we are on track to re-set costs and thereby impact the parameters that we can control.”
April 27 (LNGJ) - The American Bureau of Shipping, the US maritime classification and technical services company, held its annual meeting in New York and Chairman, President and Chief Executive Christopher J. Wiernicki reported that “2015 was a year of moving forward in strong and sustainable ways with a relentless focus on our class-centric strategy.” The ABS-classed fleet surpassed 230 million gross tons, a nearly five percent growth from the previous year. “ABS provided approval for many new concepts such as a dual-fuel bulk carrier design, innovative LNG containment systems and an offshore LNG receiving, storage, regasification, and bunkering terminal,” Wiernicki said.
April 26 (LNGJ) - The 217,000 cubic metres capacity Qatari Q-Flex vessel “Al Huwaila” is scheduled to deliver a shipment on May 1 to the UK South Hook import terminal in Milford Haven, Wales. That’s as the UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.50 per million British thermal units.
April 25 (LNGJ) - Lloyds Energy recently signed a letter of intent with US engineering company KBR Inc. and Daewoo Shipbuilding and Marine Engineering for a front-end engineering and design contract coupled with a procurement, construction, installation and commissioning agreement to develop near-shore floating liquid natural gas facilities. Lloyds Energy is a European company formed to develop LNG liquefaction and export projects utilising near-shore FLNG technology with feedstock gas supplied from existing pipeline infrastructure. “The ultimate objective is to establish a program of multiple near-shore FLNG projects, based on one single and original design,” the company said.
April 22 (LNG) - Global Law firm Norton Rose Fulbright has announced that liquefied natural gas specialist Ben Smith, an energy partner in the Hong Kong office, is relocating to the Singapore. “He has a particular focus on the development of LNG projects and the long-term sale and purchase of LNG. He has been heavily involved with the development of a number of US LNG export projects and the marketing of LNG from those projects into Asia,” the firm said. Smith himself commented: “Over the last few years, Singapore has established itself as the regional hub for LNG in Asia. I’ve been involved with a number of matters related to that process including advising various parties in connection with the development of the Singapore LNG terminal.”
April 21 (LNGJ) - Chinese liquefied natural gas imports totalled 1.7 million tonnes in March, an increase of 27.4 percent on the same month a year ago, according to data from the General Administration of Customs. China imported 20.02MT of LNG in 2015.
April 21 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Tembek” is scheduled to deliver a shipment on April 26 to the UK South Hook import terminal in Milford Haven, Wales. That’s as the UK benchmark National Balancing Point natural gas price was last at the equivalent of $3.96 per million British thermal units.
April 21 (LNGJ) - An energy company listed on the London Stock Exchange Alternative Investment Market said it was carrying out a natural gas testing programme on wells it is developing to achieve the first flowing commercial rates of gas in the southern African nation of Botswana. The company, Tlou Energy Ltd., said its focus remained delivering power from gas in Botswana and southern Africa through the development of coal bed methane projects. The Botswana testing has just been expanded to include three wells rather than the initial one well.
April 20 (LNGJ) – The Dutch port of Rotterdam said it handled roughly the same volume of cargo in the first quarter of 2016 as in the same three months last year, apart from in liquefied natural gas. The Port said the only segment that saw considerable decline in its throughput volumes was LNG at the Gate import terminal, which was down by 72.6 percent or 100,000 tonnes. A substantially lower volume of LNG was re-exported to non-European Union destinations in the three months. “LNG throughput volumes are expected to recover over the remainder of 2016,” the Port said.
April 20 (LNGJ) - Eni Chief Executive Claudio Descalzi has held talks with LNG producer Algeria. The talks in the capital Algiers involved meetings with Prime Minister Abdelmalek Sellal, Energy Minister Salah Khebri and the President and Chief Executive of state energy company Sonatrach, Amine Mazouzi. “During the meeting, Eni’s CEO outlined further opportunities for the relaunch of the activities within the development of gas and oil in the existing concessions in the country,” Eni said.
April 19 (LNGJ) - Enagas, the Spanish LNG import terminal owner and pipeline transmission company, said demand for natural gas in Spain for domestic, commercial and industrial consumption grew by 1 percent in the first quarter of 2016 compared with the same period a year ago. This increase was primarily driven by growth of 1.8 percent in industrial demand. Enagas posted first-quarter net profits of 101.2 million euros ($114M), 0.5 percent higher than the same period last year. At the end of the quarter, the net financial debt of Enagas amounted to 4.14 billion ($4.69Bln).
April 19 (LNGJ) - The 210,100 Q-Flex carrier “Al Ghariya” will unload a cargo on April 21 at the Futtsu import terminal in Japan, operated by Tokyo Electric Power Co. The 145,000 cubic metres capacity “Al Deebel” will deliver a shipment from Qatar on April 22 to the Taichung import terminal in Chinese Taiwan. The “Gigira Laitebo” will deliver a cargo from Papua New Guinea on April 25 to the Chinese import terminal at Qingdao, operated by Sinopec. The 137,350 cubic metres capacity “Al Wajbah” will unload a Qatar shipment on May 5 at the Niigata terminal in Japan, operated by Tohoku Electric.
April 18 (LNGJ) - The 210,000 cubic metres capacity Q-Flex carrier “Al Khattiya” is scheduled to deliver a shipment on April 22 to the UK South Hook import terminal in Milford Haven, Wales. That’s as the UK benchmark National Balancing Point natural gas price was last at the equivalent of $3.77 per million British thermal units.
April 18 (LNGJ) - Crowley Maritime Corp., the US shipping line, has taken delivery of its newest vessel, the “Louisiana”, the third of four product tankers being built by the Philly Shipyard of Philadelphia. “The new tankers are at the forefront of the industry for their potential future conversion to LNG propulsion,” Crowley said. Crowley’s fourth product tanker is under construction. The “Louisiana” joins sister ships “Ohio” and “Texas”, the first tankers to receive the American Bureau of Shipping’s LNG-Ready Level 1 approval. This allows Crowley to convert the tanker to LNG propulsion in the future.
April 15 (LNG) - The American Gas Association, representing over 200 utilities, said it was pleased to see continued progress towards legislation to help ensure the safety of America’s natural gas pipeline network that will transport feed-gas to US LNG export plants. The House Transportation and Infrastructure Committee unveiled their draft in Washington. “The most important thing that natural gas utilities do is deliver essential energy to our customers safely and reliably,” said Dave McCurdy, AGA President and Chief Executive. “Regulatory certainty is a key part of that process. We appreciate every step towards getting a final pipeline safety reauthorization bill on the President’s desk this year.”
April 14 (LNGJ) - GE Oil and Gas and Malaysia-based SapuraKencana said at the LNG 18 conference in the Australian city of Perth that they signed an Asia-Pacific wide agreement to deliver cost effective light well intervention services, unlocking previously uneconomic discoveries. “The strategic alliance will enable oil and gas operators to bring wells into production, deliver life-of field intervention services, as well as to suspend and abandon these wells later in their life without the need for costly mobile drilling units,” they said. “The generally prohibitive cost of performing interventions on subsea wells has meant that the volume of hydrocarbons extracted from offshore fields with subsea wells is typically far lower than offshore fields with platform wells,’’ said Nick Dunn, Global Leader of Subsea Services and Offshore at GE Oil and Gas.
April 14 (LNGJ) - Santos Chairman Peter Coates said the Australian and Papua New Guinea LNG stakeholder would appoint Peter Hearl and Guy Cowan to the board as independent directors shortly after the 2016 annual general meeting. Coates said Cowan has over 30 years’ experience in international commercial and finance roles, including 25 years with Royal Dutch Shell. Hearl is currently a director of Telstra Corp.
April 13 (LNGJ) - The Indian Ministry of Petroleum has set the natural gas price ceiling from now until September 30, 2016, at $6.61 per million British thermal units on a gross calorific value basis for all marketing, including gas produced from discoveries in deep-water areas. India was the fourth-largest Asian LNG importer in 2015, receiving 14.60 million tonnes of shipments.
April 13 (LNGJ) – Backed by signed agreements for much of its tolling capacity, Calgary, Canada-based Veresen said it had filed with the US Federal Energy Regulatory Commission for a rehearing of the permitting process for the Jordan Cove LNG export project in Coos Bay in the northwest US state of Oregon. "Jordan Cove LNG and Pacific Connector Gas Pipeline will bring significant and lasting benefits to Coos County,” said Don Althoff, President and CEO of Veresen. “We continue to see an outpouring of support from project proponents at each of the local, state and national levels. I thank our supporters for their continued confidence in the projects,” Althoff said.
April 12 (LNGJ) - The 266,000 cubic metres capacity Q-max carrier “Mozah” will deliver a Qatari cargo on April 19 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK National Balancing Point benchmark natural gas price was last at $3.90 per million British thermal units.
April 12 (LNGJ) - The American Bureau of Shipping, the US classification society, has granted approval in principle to a floating liquefied natural gas production and storage hull designed by South Korea’s Hyundai Heavy Industries. ABS said the hull design would suit potential FLNG projects near shore in North America to export the shale-gas surplus. “Specifically conceptualized for near-shore operations, the vessel was designed with a length of 1,050 feet (320 metres) and with LNG storage capacity of 200,000 cubic metres using the French GTT MARK III containment tank. ABS and HHI teams collaborated in a joint development project with the objective of developing a technically feasible and price-competitive FLNG hull design by adopting the latest industry standards,” the class society said.
April 11 (LNGJ) - Japanese engineering company Mitsubishi Heavy Industries said it planned to cooperate with US major ExxonMobil Corp. to develop and explore new applications for gas turbines and compressor technologies aimed at reducing liquefied natural gas unit costs. MHI and ExxonMobil aim to “reduce the complexity” of LNG processing plants, lower lifecycle costs and cut plant emissions. “ExxonMobil is widely recognized as an industry leader in terms of project execution and efficiency,” said MHI President Shunichi Miyanaga. “Collaboration with ExxonMobil will offer us the benefit of the company's technical expertise, insights and experience in LNG projects,” Miyanaga added.
April 11 (LNGJ) - GE Oil & Gas, the energy unit of US conglomerate General Electric, said it had started the production of four high-pressure, high-temperature dynamic flexible risers destined for the world’s largest floating liquefied natural gas facility, the Prelude project, to be deployed by Royal Dutch Shell 250 kilometres off the coast of Western Australia. GE will complete the work at its facility in the northeast UK city of Newcastle.
April 8 (LNGJ) - US working natural gas in storage at the end of the heating season, totaled 2,478 billion cubic feet (Bcf), a new record high, according to the US Energy Information Administration. The total is 868 Bcf, or 54 percent higher, than the five-year (2011-15) end-of-March average, and exceeds the previous high set in 2012. Net withdrawals during this year's heating season, which started on November 1, 2015, were 728 Bcf lower than the five-year average and 655 Bcf lower than withdrawals last year, adding to the nation’s natural gas glut.
April 8 (LNGJ) - Chevron Corp. Chief Executive John Watson received $22 million in his total salary package last year, a fall of 15 percent from the previous year. Much of the difference came from a 60 percent drop in his pension value and deferred salary earnings, to $2.81M from $7.36M in 2014, according to a US regulatory filing. Watson has been CEO of the prominent global LNG stakeholder Chevron since 2010.
April 7 (LNGJ) - The 171,800 cubic metres capacity vessel “Stena Clear Sky” has arrived at the US Cheniere Energy export plant at Sabine Pass, Louisiana, to lift a cargo, according to shipping data. The 155,000 cubic metres capacity carrier “British Ruby”, operated by BP Shipping, has just delivered a cargo from Trinidad to the Quintero import terminal in Chile.
April 6 (LNGJ) – The 160,000 cubic metres capacity carrier “Asia Excellence”, owned by Chevron, departed April 6 after unloading the first cargo from Gorgon LNG in Australia at the Yokkaichi import terminal in Japan, operated by Chubu Electric. The 210,100 cubic metres capacity carrier “Al Ghariya” is scheduled to deliver a cargo from Qatar on April 13 at the Japanese import terminal at Futtsu, operated by Tokyo Electric. The 147,200 cubic metres capacity “Arctic Lady” is scheduled to arrive on April 8 with a cargo from Qatar at the Zeebrugge import terminal in Belgium. The 75,000 cubic metres capacity “Cheikh Bouamama” arrived on April 6 at the Spanish regasification facility at Sagunto with a shipment from Algerian energy company Sonatrach.
April 6 (LNGJ) - The US Department of Energy’s Office of Fossil Energy, one of the main overseers for LNG plant developments and export permits, named Doug Hollett as Principal Deputy Assistant Secretary, replacing Julio Friedmann. “We’re fortunate to have someone with Doug’s industry and technical background,” said Christopher Smith, Assistant Secretary for Fossil Energy. Hollett’s portfolio includes oversight of research programs, oil and natural gas systems, international engagements in clean fossil energy and inter-agency work within the US government. Hollett came to the Department of Energy in 2011 with more than 32 years of experience in the energy industry, most recently with Marathon Oil.
April 5 (LNGJ) - The 140,000 cubic metres capacity “Arctic Voyager” has delivered a cargo to the Lithuanian import terminal at the Baltic port of Klaipeda, according to shipping data. The 138,375 cubic metres capacity “SK Splendor” has just loaded a cargo at the Oman LNG export plant for delivery to South Korea. The 165,000 cubic metres capacity “Gaslog Salem” is unloading a cargo at the Brazilian import facility at Pecem, operated by Petrobras.
April 4 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Rasheeda” will deliver a Qatari cargo on April 11 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK National Balancing Point benchmark natural gas price was last at $3.96 per million British thermal units.
April 4 (LNGJ) - Chevron Corp. said it had technical issues at the $54-billion Gorgon LNG plant linked to the propane refrigerant circuit on Train 1 of the facility, which began production on March 3 and shipped its first cargo two weeks later. Chevron has said the second shipment of LNG from the Gorgon plant on Barrow Island in Western Australia will be delayed. The ownership structure of Gorgon LNG means each cargo of LNG is delivered to the customers of each of the three partners: Chevron, Royal Dutch Shell and ExxonMobil.
April 4 (LNGJ) - The 261,700 cubic metres Q-Max carrier “Lijmiliya” has just delivered a cargo to the Chinese Dalian import terminal, operated by PetroChina. The 137,000 cubic metres capacity carrier “Pacific Notus” was berthed at the Darwin LNG plant, operated by ConocoPhillips, to load a cargo for Japan. The 155,000 cubic metres capacity “GasLog Shanghai” has just delivered a cargo from Peru to the Manzanillo import terminal on the Pacific Coast of Mexico. The 155,000 cubic metres capacity “Tangguh Sago” has unloaded an Indonesian shipment at the South Korean import terminal at Pyeongtaek
April 1 (LNGJ) - The 135,225 cubic metres capacity “Golar Mazo” is unloading a shipment of LNG delivered from the Indonesian Bontang plant to the Yung-An import terminal in Taiwan, according to shipping data. The 147,500 cubic metres capacity “LNG Ebisu” has docked at the Australian Pluto LNG export terminal at Dampier in Western Australia to load a cargo. The 210,100 cubic metres capacity Qatari Q-Flex carrier “Al Ruwais” will deliver a shipment on April 5 to the Chinese import terminal at Zuhuai, operated by China National Offshore Oil Corp. The 210,100 cubic metres capacity Qatari Q-Flex carrier “Al Ghariya” will deliver a cargo on April 13 to the Japanese import terminal at Futtsu, operated by Tokyo Electric Power Co.
March 31 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Al Bahiya” will deliver a Qatari cargo on April 7 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK National Balancing Point benchmark natural gas price was last at just over 29 pence per therm, or $4.15 per million British thermal units.
March 31 (LNGJ) - Engie, the French utility and energy company, said it planned to invest almost 100 million euros ($113M) from now to 2020 to set up LNG and compressed natural gas (CNG) filling stations for trucking fleets. Engie said it was building the network in cooperation with truck manufacturers as well as the national and European authorities. “The investment will cover the building of 30 CNG stations in France and up to nearly 70 LNG stations in several European countries,” the company said.
March 30 (LNGJ) - Sempra Energy, the owner of LNG terminals in the US state of Louisiana and northern Mexico, has agreed to sell its 25 percent interest in the Rockies Express Pipeline (REX) for around $440 million in cash to Tallgrass Development of the US. “While REX is an important part of the country's natural gas pipeline system, we believe that given the changing market conditions, we can more productively redeploy the proceeds from the REX sale into long-term growth opportunities,” said Sempra. The REX is one of the largest natural gas pipelines ever constructed in North America. The 1,712-mile transmission line extends from Opal, Wyoming, and Meeker, Colorado, to Clarington, Ohio.
March 30 (LNGJ) – Two LNG players have been awarded an exploration licence offshore Ghana in West Africa. Italian energy company Eni was granted operatorship in a prolific area offshore Ghana where oil and natural gas have already been discovered. The Eni licence is for Cape Three Points Block 4, located in the Tano Basin. One of the shareholders in the licence is the upstream division of the London-based Vitol Group, the LNG and commodities trader. The new block covers an area of 1,127 square kilometres in water depths ranging from 100 to 1,200 metres and partially surrounds the OCTP block comprising various oil and gas discoveries.
March 30 (LNGJ) - Bear Paw Pipeline Corp., the Nova Scotia LNG export plant pipeline company owned by Australian firm LNG Ltd., has applied for a permit from the Canadian province’s environmental agency. The company is proposing to construct and operate a 62.5 kilometres natural gas pipeline from Goldboro in Nova Scotia to the planned Bear Head LNG plant at Point Tupper in Richmond County. “We are committed to completing the Bear Paw pipeline project in a manner that protects the natural and cultural environment,” said Maurice Brand, Managing Director of LNG Ltd. “We are putting all the elements in place, with Bear Paw pipeline being one of them, to develop a successful LNG export facility on Cape Breton Island,” Brand added.
March 29 (LNGJ) - Gassco, the Norwegian pipeline operator and one of the main competitors to LNG in Europe, has introduced a new management team under Chief Executive Frode Leversund. Gassco’s team includes Oystein Rossebo, responsible for development and innovation and Inghild Storesund, head of finance and improvement processes. In addition, Randi Viksund is in charge of safety and quality, Kristin Kinn Kaste heads system operations, Jonathan Alcock is responsible for asset management and Ingolf Voll now heads human resources and communication. “I have great expectations for this new management team, and believe we have found a good balance between renewal and continuity,” said CEO Leversund. Gassco transported a record 108 billion standard cubic metres of natural gas in 2015 from the Norwegian continental shelf to terminals in Germany, Belgium, France and the UK.
March 29 (LNGJ) - Qatar Petroleum, owner of the UK South Hook import terminal in Milford Haven in Wales said it had delivered its 500th cargo to the facility. The delivery was made by the Q-Flex vessel “Al Hamla” of 216,000 cubic metres capacity. Saad Sherida Al Kaabi. President and Chief Executive of Qatar Petroleum, said that the latest shipment of LNG to the UK facility opened in 2009 underlined the significant achievements of Qatar’s LNG industry. “It also highlights Qatar Petroleum’s commitment to the reliable supply of clean energy to its customers around the world,” the CEO added.
March 24 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Al Kharaitiyat” will deliver a Qatari cargo on March 31 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK National Balancing Point benchmark natural gas price was last at around 28 pence per therm, or $4.07 per million British thermal units.
March 24 (LNGJ) - The Japanese Gas Association said the nation’s 206 city-gas companies sold 36.77 billion cubic metres of natural gas, the equivalent of 27.2 million tonnes of LNG, in 2015, a 1.1 percent decline on the 2014 figure. On an annual basis, residential sector sales decreased by 1.7 percent to 9.44 Bcm, commercial sales dropped 1.3 percent to 4.27 Bcm, industrial volumes were 0.8 percent lower at 20.13 Bcm and wholesale volumes fell 1.1 percent to 2.91 Bcm.
March 24 (LNGJ) - Angola LNG and EDF Trading, the LNG unit of the French utility Electricite de France, said they entered into a flexible sales arrangement, for the delivery of LNG cargoes from the southwest African nation’s export plant in Soyo. “The arrangement covers the delivery of multiple cargoes from 2016 through to 2018,” the two companies said. The facility, operated by Chevron Corp., has only recently reopened after an extensive shutdown. In April 2014, the Angola plant experienced a failure in the flare blow-down piping system, resulting in its closure for repairs and an upgrade. The Angola plant, located near the Congo River estuary in the north of the country, has a capacity of 5.2 million tonnes per annum.
March 23 (LNGJ) - The Bahamas-flagged Chevron LNG carrier “Asia Excellence”, with 160,000 cubic metres of capacity, is scheduled to unload the first cargo from the Gorgon LNG plant on Barrow Island in Western Australia at 06:00am Japanese time on April 4 at the main Chubu Electric import terminal in Tokyo Bay, according to latest shipping data..
March 23 (LNGJ) - US natural gas production in the lower 48 states averaged 73.3 billion cubic feet per day (Bcf/d) in February, which is up nearly 1.4 Bcf/d compared with the January average, according to Bentek analytics. On a month-over-month basis, February natural gas production was up nearly 2 percent from January, boosted by northern shale gas. “Northeast gas production reached nearly 23.1 Bcf/d in February, rendering an average of 22.7 Bcf/d for the month,” the report said. “For basins outside the Northeast, the February average was nearly flat or slightly declining from the previous month,” it added.
March 22 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Al Mafyar” is scheduled to deliver a Qatari cargo on March 28 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK National Balancing Point benchmark natural gas price was last at around 29 pence per therm, or $4.10 per million British thermal units.
March 22 (LNGJ) - Chart Industries, the US liquefied natural gas equipment maker, has named Kenneth J. Webster as its new Chief Financial Officer, succeeding retiring CFO Michael F. Biehl who will remain at Chart through April 15 to ensure a smooth transition. Cleveland-based Chart said Webster joined the company in 2006 and currently serves as Vice President, Chief Accounting Officer and Controller, a position he has held since 2008. “I have great confidence in Ken, given his demonstrated track record and deep appreciation and understanding of Chart’s organization and business. We wish Michael all the best as he retires from Chart,” said Sam Thomas, Chart’s Chairman, President and Chief Executive.