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LNG in World Markets

Peru Puts Mexican Contract Dispute On Backburner
December 02, 2013
The dispute between Lima, the upstream gas producers in Peru’s Camisea fields and the Mexican buyer who receives volumes from Peru LNG has been put on the backburner as Shell gets set to take over Repsol’s 4.2 MMt/y FOB contract at the Pampa Melchorita plant.
 
Russia and China Settle Long Awaited Gas Deal
December 02, 2013
Gazprom has finally agreed on a price formula with China National Petroleum Corp for pipeline gas after a decade of negotiations. The agreement is set to be finalized by the end of the year, and could see China importing 38 Bcm/y from Russia as early as 2018.
 
Shipping News For November(2)
December 02, 2013
Owners prepare final Yamal LNG shipping offers, stalled Chilean regas project opens up a Hoegh FSRU and Shell explores Jones Act options to push forward with its LNG fueling aspirations.
 
Panama Canal Prepares For Expansion In 2015
December 02, 2013
With construction 64% complete, interest in the $5.25 billion Panama Canal expansion is growing. The project to double the canal’s capacity is now due on-line in 2015 and will allow nearly 90% of the world’s LNG fleet to transit the strategic waterway.
 
Shipowners Await Results Of Gas Engine Tests
December 02, 2013
After a flurry of activity earlier in the year, shipowners are largely taking a wait-and see-attitude towards the adoption of M-Type Electronically Controlled, Gas Injection propulsion systems. Although the industry seems to favor LNG fueling, the jury is still out on the best way forward.
 
China’s Shale Gas Targets Continue To Lag
December 02, 2013
China continues to lag badly in its bid to meet a self-imposed shale gas target of 6.5 Bcm/y by 2015, from negligible levels currently, with the Ministry of Land Resources putting off a third licensing round by at least six months to early 2014.
 
Europe Helps To Balance Tight LNG Market
December 02, 2013
Global trade continued its downward trajectory in the third quarter, with disappointing results from export projects continuing to restrict growth. According to Poten & Partners LNGas 3.0, trade dropped nearly 7% year-on-year to 56 MMt for the period.
 
In Briefs -November 2013
December 02, 2013
Russia's Kaliningrad Import Terminal Gains Ground
Cyprus To Retry Regas
German Ports To Join Other LNG Bunker Centers
Golar Confirms GasAtacama's Chilean FSRU Delays
Magnolia LNG Signs Third Tolling Term Sheet
Indonesian Deepwater Project Faces Delays
Japex Plans Import Terminal For Canadian Volumes
 
Pakistan Fifth And Sixth Tenders Already Precarious
December 02, 2013
Pakistan’s twin import tenders, running in parallel, are looking shaky. The first, a project to retrofit an LPG terminal to take LNG, could be scuppered by port authorities while prospects for a quick start up of a second scheme are also fading.
 
Japan Plans For More Lean LNG Despite Uncertainty
December 02, 2013
Tokyo still sees LNG from the US as a panacea for the country’s widening trade deficit, which reached nearly $11 billion in October. But buyers remain cautious about a possible flood of super-lean imports over the next decade.
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