Edition:
United States

Sabina Zawadzki

Pakistan's Engro needs a year for next LNG import terminal decision

10:28am EST

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.

UPDATE 1-Pakistan's Engro needs a year for next LNG import terminal decision

10:25am EST

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 required.

Canada's Goldboro LNG project to issue equity before mid-2019 FID

Nov 12 2018

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 executive said.

UPDATE 1-New ice-breaking tanker heads for Russia to load Yamal LNG

Nov 12 2018

(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. SEA TRIALS 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)

In race to fill LNG supply gap, project goalposts have changed

Nov 12 2018

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.

Global LNG: Asian spot price flat as bloated storage deters trades

Nov 02 2018

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.

GLOBAL LNG-Asian spot price flat as bloated storage deters trades

Nov 02 2018

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 deterred trade.

Texas LNG casts doubt over rival U.S. projects due to China risk

Oct 31 2018

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.

Global LNG: Asian spot prices fall as November cargoes offloaded

Oct 12 2018

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.

GLOBAL LNG-Asian spot prices fall as November cargoes offloaded

Oct 12 2018

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 month.

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