International LNG prices remain low and Asia-Pacific spot prices could not be moved higher even when production was disrupted at Australia's new Gorgon LNG plant due to its cooling unit trouble, highlighting the depth of the current worldwide supply glut.
The near-term outlook for the global LNG supply and demand balance, in combination with depressed oil and gas prices, is rapidly changing market dynamics.
Petronas Chief Executive Wan Zulkiflee bin Wan Ariffin said the Malaysian energy company had begun the countdown for the world’s first floating LNG production to be deployment over the Kanowit natural gas field, offshore Sarawak.
Australia’s organizing of the LNG 18 conference brought to the fore the huge achieved in developing three coal-seam-gas-to-LNG projects alongside each other on Curtis Island, off the coast of Gladstone, Queensland.
Some market observers have suggested that Canada is more likely to start exporting liquefied natural gas in the 2030s as LNG producers in countries like the US, Russia and Australia are well positioned to meet global demand until then.
Natural gas prices have followed the price reduction of crude oil, but not to the same extend. The spot market price for gas in Europe is still below the price of marine gas oil (MGO) and at the same level as heavy fuel oil (HFO).
May 27 (LNGJ) - The 162,000 cubic metres capacity carrier “Esshu Maru”, operated by Japan’s K-Line, is scheduled to unload a cargo from Trinidad on May 27 at the Pecem import facility in Brazil, according to shipping data. The 137,231 cubic metres capacity vessel “LNG Rivers” is scheduled to deliver a shipment from Nigeria on June 1 to the Sines import terminal in Portugal. The 75,000 cubic metres capacity “Cheikh Bouamama” will deliver a cargo from the Algerian export plant at Skikda on May 28 to the import terminal at Sagunto in southern Spain
May 27 (LNGJ) - The 138,214 cubic metres capacity “Hanjin Ras Laffan” arrived on May 27 in South Korea with a Qatari cargo for the Pyeongtaek import terminal, operated by Korea Gas Corp. The 172,000 cubic metres capacity “Gigira Laitebo” has unloaded a shipment from Papua New Guinea at the Japanese import terminal at Oita, operated by Kyushu Electric. The 137,350 cubic metres capacity vessel “Al Wajbah” is scheduled to deliver a cargo on May 30 to the Japanese Yokkaichi import terminal, operated by Chubu Electric.
May 26 (LNGJ) - The 155,900 cubic metres capacity Marshall Islands-flagged carrier “Clean Planet”, operated by Dynagas, arrived at the National Grid-owned UK Isle of Grain import terminal in Kent from the Huelva import and re-export facility in southern Spain, according to shipping data.
May 26 (LNGJ) - Cheniere Energy, operator of the Sabine Pass liquefied natural gas export plant in Louisiana, told US regulators its second project, the Corpus Christi LNG development in Texas, was now more than one-third complete and the first liquefaction Train was on track for start-up in 2018. In its latest progress report to the Federal Energy Regulatory Commission, the Houston-based company said construction at Corpus Christi was 33.5 percent complete. The Texas liquefaction plant is being built on the shore of Corpus Christi Bay, at the north end of the La Quinta Channel. The contractors are led by Bechtel Inc. The Phase 1 EPC contract for Corpus Christi includes building two LNG Trains, each with 4.5 million tonnes per annum of capacity, two storage tanks, one complete berth and a second partial berth.
May 25 (LNGJ) - The 160,000 cubic metres capacity “Golar Celsius” is loading a cargo on May 25 at the Ras Laffan export terminal in Qatar, according to shipping data. The 217,000 cubic metres capacity carrier “Al Kharsaaah” will unload a shipment from Qatar on May 26 at the Hazira import terminal in India. The 155,000 cubic metres capacity “British Diamond”, operated by BP Shipping, will deliver a Qatari cargo on May 30 to the Zhuhai import facility in China’s Guangdong province. The 210,100 cubic metres capacity Q-Flex carrier “Duhail” is scheduled to unload a cargo from Qatar on June 5 at the Map Ta Phut import terminal in Thailand.
May 24 (LNGJ) - The 266.000 cubic metres capacity Qatari Q-Max carrier “Mozah” is scheduled to deliver a shipment on May 29 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.20 per million British thermal units. The 155,000 cubic metres capacity carrier “British Ruby” will deliver a cargo on June 1 to the Argentine import terminal at Bahia Blanca. The shipment was lifted from the Nigeria LNG plant, according to shipping data.
May 24 (LNGJ) - The Crowley Maritime Corp. subsidiary in the US territory of Puerto Rico said it signed an additional contract valued at $21 million for improvements and upgrades at its Isla Grande port terminal in San Juan. It is the latest in a series of investments in support of Crowley’s plans for more efficient operations in the Caribbean region using LNG fuel. “The contract is the third awarded that is associated with Crowley’s investment in its Isla Grande terminal in preparation for the arrival next year of the first of Crowley’s two new LNG-powered, Commitment Class ships now under construction in Pascagoula, Mississippi,” the company said.
May 23 (LNGJ) - The 145,400 cubic metres capacity carrier “Cygnus Passage” arrived on May 23 with a cargo from Papua New Guinea to unload at the Japanese Niigata import terminal operated by Tohoku Electric, according to shipping data. The 173,400 cubic metres capacity carrier “Sevilla Knutsen” docked on May 23 to load a cargo at the Shell-owned Queensland Curtis LNG plant at Gladstone port in eastern Australia. The 155,000 cubic metres capacity vessel “LNG Venus” has just departed from the Qalhat export plant in Oman with a cargo bound for Osaka Gas in Japan. The 147,000 cubic metres capacity “Dapeng Sun” has undocked from Australia’s Dampier export facility at Withnell Bay in Western Australia and is headed for China’s Guangdong import terminal on the Pearl River delta.
May 20 (LNGJ) – The 140,000 cubic metres capacity “Arctic Voyager” is scheduled to deliver a Norwegian cargo on May 22 to the import terminal at the Lithuanian Baltic port of Klaipeda. The 75,500 cubic metres capacity carrier “Cheikh Bouamama” was unloading a cargo from Skikda in Algeria on May 20 at the Barcelona import terminal in Spain. The “Puteri Firus Satu” has delivered a shipment from Malaysia to the Incheon import facility operated by Korea Gas Corp. The 165,500 cubic metres capacity “Woodside Donaldson” has unloaded a cargo from the Dampier export plant in Western Australia at the Japanese import terminal in the port of Nagoya.
May 20 (LNG) - Origin Energy, a shareholder in the Australia Pacific LNG plant with ConocoPhillips of the US and China’s Sinopec, has entered into an agreement to sell the Mortlake Pipeline for $245 million in cash to SEA Gas Partnership. The Mortlake pipeline, which is currently operated by an affiliate of SEA Gas, supplies natural gas to Origin’s Mortlake power station in the state of Victoria. Origin has secured long-term gas transportation and storage services on the pipeline. Origin Managing Director Grant King said: “The sale of the Mortlake pipeline demonstrates progress against our stated intention to generate at least $800M through asset divestments including non-operated upstream interests and other infrastructure assets.”
May 19 (LNGJ) - Teekay LNG Partners, a unit of the global Teekay Corp. shipping line, saw first-quarter distributable cash flow drop to $54.4 million from $66.2M in the same three months a year ago. These decreases were partially offset by the 174,000 cubic metres capacity LNG carrier “Creole Spirit” commencing its charter contract with Cheniere Energy of the US in late February 2016 and shipping a cargo from the Sabine Pass export plant in Louisiana to the Sines import terminal in Portugal.
May 18 (LNGJ) - Gas Natural Fenosa, the Spain-based European energy and power company, said its investments from 2016 to 2018 would total 1.2 billion euros ($1.35Bln) and include the chartering of four LNG carriers and one floating regasification unit. GNF has secured US LNG cargoes from the Corpus Christi liquefaction and export plant being developed in Texas by Cheniere Energy of Houston.
May 18 (LNGJ) - The 210,100 cubic metres capacity Q-Flex carrier “Al Sheehaniya” will deliver a shipment on May 25 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.30 per million British thermal units.
May 17 (LNGJ) - The 155,900 cubic metres capacity Marshall Islands-flagged carrier “Clean Planet” will deliver a Qatari cargo on May 21 to the import terminal at Huelva in southern Spain, according to shipping data. The 148,300 cubic metres capacity Bermuda-flagged “LNG Imo” is scheduled to deliver a cargo from Nigeria on May 26 to the Jordanian import facility at the Port of Aqaba.
May 17 (LNGJ) - TransCanada Corp., the builder of feed-gas pipelines in Canada for LNG projects, said the Committee on Foreign Investment in the United States had notified the Canadian company that its proposed $13 billion takeover of Columbia Pipeline Group Inc. could go ahead after an investigation found no unresolved national security concerns. Closing is also subject to clearance by the US Federal Trade Commission on antitrust issues and the approval of Columbia's stockholders scheduled for June 22, 2016. “TransCanada and Columbia continue to anticipate completing the transaction in the second half of 2016,” the company said.
May 17 (LNGJ) - The 138,088 cubic metres capacity “Berge Arzew” has left Algeria with a cargo for the Isle of Grain import facility in Kent and due for delivery on May 22, according to shipping data. The 155,000 cubic metres capacity “GasLog Shanghai” has just departed the Cheniere Energy US export plant at Sabine Pass in Louisiana for an as yet unconfirmed destination. The 145,000 cubic metres capacity “Pacific Enlighten” has just unloaded a delivery at the Japanese import facility at Kitakyushu from the Woodside-operated export terminal at Dampier in Western Australia.
May 16 (LNGJ) - The 261,700 cubic metres capacity Q-Max carrier “Lijmiliya” will deliver a shipment on May 21 to the UK South Hook import terminal in Milford Haven, Wales, port authorities said. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.20 per million British thermal units.
May 13 (LNGJ) - The 173,400 cubic metres capacity “Sevilla Knutsen” is unloading a cargo from Nigeria on May 13 at the Yung-An import terminal in Taiwan, according to shipping data. The 216,000 cubic metres capacity Q-Flex carrier “Al Thumama” will deliver a Qatari cargo on May 15 to the Indian import terminal at Dahej, operated by Petronet LNG. The 216,200 cubic metres capacity Qatari Q-Flex vessel “Al Gattara” will deliver a cargo from Ras Laffan on May 17 to the Mina al Ahmadi import facility in the Gulf state of Kuwait. The 172,000 cubic metres capacity “Gigira Laitebo”, chartered to ExxonMobil, will deliver a Papua New Guinea cargo on May 25 to the Japanese Oita import terminal, operated by Kyushu Electric.
May 12 (LNGJ) - American Bureau of Shipping Chairman, President and Chief Executive Christopher J. Wiernicki has been inducted into the International Maritime Hall of Fame at an annual event held by the Maritime Association of the Port of New York and New Jersey. It recognizes the achievements of maritime industry leaders in the 21st Century. In addition to his role in the US maritime industry and its important work, including making liquefied natural gas transport and its use safer, Wiernicki also serves as Chairman of the International Association of Classification Societies.
May 11 (LNGJ) - French LNG and energy engineering company Technip was awarded a multi-disciplinary engineering services contract by Woodside, the largest LNG plant operator in Australia. “This contract covers all Woodside operated onshore, offshore and subsea producing assets,” Technip said. Under the agreement, Technip and its subsidiary Genesis can provide a comprehensive suite of engineering services to Woodside. “We are delighted to continue our relationship and journey with Woodside in the pursuit of innovative engineering solutions for their existing and extensive onshore LNG facilities, offshore oil and gas assets and subsea infrastructures,” said Arnaud Pieton, President of Technip in the Asia-Pacific region.
May 11 (LNGJ) - Veresen Inc., the Canadian developer of the rejected Jordan Cove LNG project in the northwest US state of Oregon, said it received notice from the US Federal Energy Regulatory Commission that it had issued an order granting further consideration to its request for a rehearing. “The order is granted by FERC for the limited purpose of noting that a rehearing has been timely requested and allowing itself more time than the 30-day statutory period to consider the merits of such requests,” Veresen said. Jordan Cove was rejected by US regulators for lack of market support, though has now signed LNG tolling capacity agreements with three Japanese companies, including its two biggest utilities.
May 10 (LNGJ) - Sevan Marine, the Norwegian design, engineering and project company, said it was continuing with a floating LNG feasibility study for the use of its cylindrical hull concept for a specific FLNG development involving a US major. “Sevan Marine has been awarded a follow-up study focused on the marine aspects of Sevan’s unique cylindrical design. The study is expected to generate approximately 9,000 hours of paid engineering work through 2016,” the Norwegian company said.
May 10 (LNGJ) - FMC Technologies, the energy and LNG project contractor, said its board had appointed Douglas J. Pferdehirt, 52, as the Houston-based company’s next President and Chief Executive, effective September 1, 2016. Pferdehirt will succeed John T. Gremp, 64, who will continue to serve as Chairman while the company completes its transition to the new CEO. “Doug is a strong leader who has demonstrated his ability to translate vision and strategy into solid execution,” said Gremp, who has served as CEO since 2011, having been with the company for 41 years. Pferdehirt joined FMC from energy services company Schlumberger in August 2012 as Executive Vice President and Chief Operating Officer and was appointed President in May 2015.
May 9 (LNGJ) - Russia’s Gazprom Marketing & Trading, whose headquarters are in London, has completed the sale for an undisclosed sum of its German subsidiary, Gazprom Marketing & Trading Retail, to Goldgas, a unit of Leipzig-based natural gas business Verbundnetz Gas AG (VNG). Gazprom said the transaction was in line with its strategic focus of providing energy to business customers only. Gazprom said the sale of its German retail business presents the VNG Group “with an opportunity to further expand its presence in the German residential” energy market.
May 9 (LNGJ) - The 171,800 cubic metres capacity carrier “Stena Clear Sky” unloaded the fifth LNG shipment from Cheniere Energy’s US Sabine Pass export plant in Louisiana on May 9 at the Bahia Blanca import facility in Argentina, according to shipping data.
May 9 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Shagra” will deliver a shipment on May 12 to the UK South Hook import terminal in Milford Haven, Wales, 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.
May 9 (LNGJ) - Halliburton Co., the US energy services company, said that in connection with the previously announced termination of the merger agreement between Halliburton and US peer Baker Hughes, it will redeem the entire outstanding principal amount of senior notes due in March 2020 and 2022 for an aggregate amount of $2.5 billion.
May 9 (LNGJ) - Baker Hughes, the US energy services company, said in its measure of industry activity that the US Rig Count was down 479 rigs from last year at 894, with oil rigs down 340, gas rigs down 135 and miscellaneous rigs down four. The US Rig Count was down five rigs from last week to 415, with oil rigs down four to 328, gas rigs down one to 86 and miscellaneous rigs unchanged at one. The Canadian Rig Count was down 39 rigs from last year at 75, with oil rigs down five, gas rigs down 35 and miscellaneous rigs up one.
May 9 (LNGJ) - Italian energy and liquefied natural gas construction and engineering company Saipem said US credit rating agency Standard & Poor's had reduced its long-term rating to “BB+” with negative outlook from the previous “BBB-“ with a stable outlook. Saipem’s recent LNG contracts have included laying the 880-kilometre feed-gas pipeline for the Ichthys LNG project in Australia and building a new liquefaction Train in Algeria.
May 6 (LNGJ) - Fluor Corp., the Irving, Texas-based energy and LNG engineering company, posted a fall in first-quarter net income to $104 million compared with $144M in the same three months a year ago. Fluor said the results included $22M in pre-tax expenses associated with the recent acquisition of Dutch company Stork. New contract awards in the energy side of the business amounted to $579M. “Our new awards in the first quarter reflect the diversity of our business across multiple industries,” said Chief Executive David Seaton. "Although some prospective projects have been deferred, and active projects slowed, this diversity shows we can continue to fuel long-term growth in a challenging business environment.”
May 6 (LNGJ) - The 217,000 cubic metre capacity Qatari Q-Flex LNG carrier “Al Kharsaah” delivered a cargo on May 6 to Pakistan at its import facility in Port Qasim, near Karachi, according to shipping data. The 137,000 cubic metres capacity “Pacific Notus” arrived at the Japanese port of Yokohama with a cargo for Tokyo Gas. The 145,000 cubic metres capacity “Pacific Enlighten” docked at the Withnell Bay LNG jetty at the Western Australian port of Dampier to lift a cargo for Japan from the North West Shelf plant, operated by Woodside.
May 6 (LNGJ) - GasLog Ltd., the owner of 18 LNG carriers and the operator of four others, held its annual meeting in Monaco and elected or re-elected 10 directors to its board. The directors are Peter G. Livanos, Bruce L. Blythe, David P. Conner, William M. Friedrich, Dennis M. Houston, Donald J. Kintzer, Julian R. Metherell, Anthony S. Papadimitriou, Philip Radziwill and Paul A. Wogan, who is also Chief Executive.
May 5 (LNGJ) - Crowley Maritime Corp., the US shipping line, was holding a naming ceremony on May 5 at the Port of New Orleans for its vessel “Louisiana”, the latest of four new Jones Act product tankers capable of being converted to liquefied natural gas propulsion. The 50,000 dead-weight-tons, 330,000-barrel-capacity ship is among the first tankers to receive the American Bureau of Shipping’s LNG-Ready approval. The ship will operate in the US Gulf Coast and is capable of carrying crude oil or refined petroleum products for its charterer, Marathon Petroleum Corp.
May 4 (LNGJ) - The 210,100 cubic metres capacity Q-Flex LNG vessel “Umm Al Amad” is scheduled to arrive with a Qatari cargo on May 6 at the Dutch Gate import terminal in the Port of Rotterdam, according to shipping data. The 145,000 cubic metres capacity “Methane Heather Sally” has just unloaded a cargo at the Jordanian import facility at the Red Sea port of Aqaba. The 216,200 cubic metres capacity Qatari vessel “Al Kharaitiyat” has docked at the LNG berth for the floating terminal at Jebel Ali port in Dubai. The 75,500 cubic metres capacity Algerian carrier “Cheikh Bouamama” has arrived with a cargo from the Sonatrach plant at Skikda to unload at the Spanish import terminal in Barcelona.
May 4 (LNGJ) - Noble Energy, one of the main developers of natural gas and LNG potential in the East Mediterranean, said it had agreed to sell certain oil and natural gas properties in the US state of Colorado. The Houston-based company’s transaction included the sale of 33,100 primarily undeveloped net acres to US firm Synergy Resources for $505 million. “We have now announced transactions totalling more than $775M in proceeds this year, which further enhances our flexibility to strengthen our investment-grade balance sheet and accelerate activity levels once justified by higher commodity prices,” said David L. Stover, Noble's Chairman, President and Chief Executive.
May 3 (LNGJ) - The 154,900 cubic metres capacity “Trinity Arrow” has just unloaded a shipment of LNG at the Egyptian Red Sea port of Sokhna, according to shipping data. The 153,000 cubic metres capacity “GasLog Chelsea” has delivered a cargo to the Pyeongtaek import terminal operated by Korea Gas Corp. The 147,000 cubic metres capacity “Dapeng Sun” has docked at the Withnell Bay LNG loading jetty at the Northwest Shelf plant at Karratha in Western Australia. It will lift a cargo to deliver to Guandong province in China.
May 3 (LNGJ) - Statoil, the Norwegian energy major and owner of Europe’s only industrial-scale LNG production plant at Hammerfest in northern Norway, said it agreed to sell its operated Marcellus shale properties in the US state of West Virginia to US company EQT Corp. for $407 million in cash. “This divestment of non-core assets comprises approximately 62,500 net acres,” Statoil said. The company retains its operated properties in the US state of Ohio and its non-operated Marcellus positions.
May 3 (LNGJ) - The UK will receive its third May LNG cargo from Qatargas on May 6 when the 261,700 cubic metres capacity Q-Max vessel “Al Samriya” delivers a shipment to the South Hook import terminal in Milford Haven, Wales. The UK benchmark National Balancing Point natural gas price was last at the equivalent of $4.20 per million British thermal units after rising this week.
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.