LONDON Pakistan's Engro said on Wednesday it will be a year before it can go ahead with a new liquefied natural gas (LNG) import terminal as domestic gas regulations need clarifying and new pipeline commitments are required.
LONDON, Nov 14 Pakistan's Engro said
on Wednesday it will be a year before it can go ahead with a new
liquefied natural gas (LNG) import terminal as domestic gas
regulations need clarifying and new pipeline commitments are
LONDON, Nov 12 Pieridae Energy, the company
behind the Goldboro liquefied natural gas (LNG) export project
on Canada's east coast, wants to issue new equity before taking
a Final Investment Decision (FID) by the middle of next year, an
(Adds table with Arc 7 Yamal carriers, detail on next vessel,
background on winter trade)
By Sabina Zawadzki
LONDON, Nov 12 A new ice-breaking tanker capable
of navigating the Arctic on its own is set to load its first
liquefied natural gas (LNG) shipment from Russia's
fast-expanding Yamal facility.
The Georgiy Brusilov left South Korea's Daewoo Shipbuilding
and Marine Engineering shipyard at the weekend and is due at
Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows.
It is the eighth ARC7-class LNG carrier, which are longer
than the Titanic, to join the Yamal fleet operated by Teekay,
Mitsui OSK Lines and Dynagas, with another seven expected.
The vessels have enabled Yamal's operator Novatek
to ramp up production since its first LNG cargo at the end of
last year, with the northern Russian facility's output only
constrained by the number of carriers able to traverse the
waters of the Arctic westwards without the help of icebreakers.
While the Arc7 carriers can ply the Northern Sea Route
during the summer from northern Russia to Asia, during winter
they go westwards and either deliver to northwest Europe or
transfer LNG for onward journeys to Asia.
That has increased demand for ordinary tankers, which take
the LNG from ports in the Netherlands, Britain or Belgium to
Asia, a factor behind soaring LNG shipping rates.
Another of the tankers, the Boris Davydov, has been on sea
trials around the South Korean island of Geoje since at least
September and may also soon be ready for operation.
All but one of the ships ordered by Novatek are named after
early 20th century Russian Arctic scientists and explorers. The
Christopher de Margerie is named after the late head of oil
major Total, which has a stake in Yamal.
Novatek hopes to bring a third train, or plant, at Yamal
into operation by December, making it one of the largest LNG
export facilities in the world with a capacity of 16.5 million
tonnes a year (mtpa).
The continued ramp-up in output as the Northern Hemisphere
winter approaches eases concerns over a supply crunch in both
Asia and Europe as happened last year when below-average
temperatures drove demand, and prices, up.
The following table shows the status of the Arc7 carriers
ordered by Novatek for Yamal:
Vessel Status Operator
Chris. de Margerie In Operation Sovcomflot
Boris Vilkitsky In Operation Dynagas
Vladimir Rusanov In operation MOL
Fedor Litke In operation Dynagas
Eduard Toll In operation Teekay
Rudolf Samoylovich In operation Teekay
Vladimir Vize In operation MOL
Georgiy Brusilov Starting operations Dynagas
Boris Davydov Sea trials Dynagas
DSME 2429 Under construction Dynagas
DSME 2430 Under construction Teekay
DSME 2431 Under construction Teekay
DSME 2432 Under construction MOL
DSME 2433 Under construction Teekay
DSME 2434 Under construction Teekay
(Reporting by Sabina Zawadzki
Editing by Alexander Smith)
LONDON The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate.
LONDON Asian spot prices for liquefied natural gas (LNG) were flat this week, at two-month lows, as bloated storage levels in the region left cargoes stranded and deterred trade.
LONDON, Nov 2 Asian spot prices for liquefied
natural gas (LNG) were flat this week, at two-month lows, as
bloated storage levels in the region left cargoes stranded and
LONDON The chief executive of Texas LNG, a U.S. liquefied natural gas (LNG) project, has cast doubts over his rivals' plans to build export terminals because their proposed capacities would require a Chinese, or equally large, committed buyer.
LONDON Asian spot LNG prices fell this week as sellers struggled to offload the last of their November cargos and Chinese demand for December supplies failed to materialise significantly after a frenzy of Asian buying last month.
LONDON, Oct 12 Asian spot LNG prices fell this
week as sellers struggled to offload the last of their November
cargos and Chinese demand for December supplies failed to
materialise significantly after a frenzy of Asian buying last