Global LNG Shipping Rates Double Since End-August, Slowing Asia Deliveries

LONDON/SINGAPORE, Oct 23 (Reuters) - Headline rates for shipping liquified natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic metre LNG tri-fuel diesel electric (TFDE) vessel, brokers say. That is a 6-year high and compares to Atlantic basin rates of $75,000 at the end of August and around $95,000 at the end … [Read more...]

Two Small Towns in Germany Vie to Make Trump’s LNG Dream a Reality

By Brian Parkin and Anna Shiryaevskaya (Bloomberg) -- Downstream from Hamburg, two small Elbe River ports are competing to build Germany’s first liquefied natural gas import terminal and help shake up Europe’s biggest gas market. Hugging opposite banks of the river before it arcs into the North Sea, Stade and Brunsbuettel are battling for federal approval and hundreds of … [Read more...]

Shell’s LNG Canada Seen as Tip of the LNG Mega-Project Iceberg

By Sabina Zawadzki LONDON, Oct 2 (Reuters) - The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020. Royal Dutch Shell said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of … [Read more...]

Golar, Hoegh Give Stolt-Nielsen’s LNG Venture Investment Boost

LONDON, Oct 1 (Reuters) - Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen. The investments aim to build Avenir LNG into an entity with small LNG vessels and terminals that are expected to be increasingly used in remote … [Read more...]

Shell’s LNG Canada `Sprints’ Ahead as Asian Partners Give OK

By Jasmine Wang, Stephen Stapczynski and Aibing Guo (Bloomberg) -- Two of Royal Dutch Shell Plc’s Asian partners in a liquefied natural gas venture in western Canada approved their share of the investment, pushing the multibillion-dollar development one step closer to a final approval. The board of PetroChina Co., the nation’s largest oil and gas company, approved its $3.46 … [Read more...]