EIA reports that LNG exports from the United States decreased week on week. US LNG export facilities dispatched a total of eight LNG cargoes during the week ending January 16, six from Cheniere’s Sabine Pass facility, and one from its Corpus Christi and Dominion’s Cove Point facilities each. EIA forecasts U.S. LNG exports to increase gradually in 2019 and average 5.1 Bcf/d on an annual basis, up from 3.0 Bcf/d annual average in 2018. In 2020, however, as the new trains ramp up LNG production, U.S. LNG exports are projected to increase and average 6.8 Bcf/d annually.
Germany’s gas imports decreased by 9% in November 2018 in comparison to the same month in 2017, according to Reuters. Yet, imports during the first 11 months, from January to November, experienced an increase of 9% than the same period , a year earlier.
Germany’s Wilhelmshaven LNG Terminal will enable the loading of small LNG seagoing vessels and barges as a result of the newest cooperation between Uniper SE and Titan LNG, according to Uniper’s press release. Both companies signed an MoU to accelerate the development of LNG as a fuel in the maritime industry, shipping and road fuel in Germany.
At its latest Marine Environment Protection Committee (MEPC 73), IMO approved, among others, the guidance on the development of a ship implementation plan for the consistent implementation of the 0.50% sulphur limit, also known as the 2020 sulphur cap, under MARPOL Annex V.
According to EIA’s January Short-Term Energy Outlook, the predictions are that global benchmark Brent crude oil is to average $61 per barrel in 2019 and $65/barrel in 2020, experiencing an increase from the end of 2018. Yet, it will remain lower than the 2018 average of $71/b US benchmark West Texas Intermediate (WTI) crude oil prices were $8/b lower than Brent prices in December 2018, and EIA expects this difference to narrow to $4/b in the Q4 of 2019 and during 2020.
The US EIA issued its 2019 Short-Term Energy Outlook forecasting that the change in fuel specification, as a result from IMO’s 2020 sulphur cap, is expected to put upward pressure on diesel margins, but the price effects will be most acute in 2020 and will diminish over time.
The US wants Qatar, which is the leader on LNG supply globally, to compete Russia’s gas dominance in Europe, according to Reuters. The US are under conversation with Doha about supplying Europe with LNG, as it wants Germany and other countries to import Qatari and US gas rather than from Russia, which now accounts for 60 percent of German gas imports, as reported by Deputy U.S. Energy Secretary Dan Brouillette.
Indonesia has set its goals on exporting the overall amount of 185 cargoes of liquefied natural gas from its Tangguh and Bontang LNG export projects during the year 2019. The aim is lower than the 2018’s record of 203 cargoes, as reported by Reuters.
Hapag-Lloyd Cruises announced that it will use low-sulphur Marine Gas Oil on all expedition ships from July 2020. Currently, the company is using MGO in particularly vulnerable areas like the Arctic, Antarctica and Kamchatka. The routes will be managed on the basis an eco-efficient average speed, which aims to reduce fuel consumption by one third.
Chevron, a US-based energy company, temporarily halts the third liquefaction train at its Gorgon LNG plant on Barrow Island in Western Australia. The operation was shut down due to a mechanical issue that arose. There are allegations that the mechanical issue is likely due to a heat wave sweeping across Australia, it is not officially confirmed by Chevron, up to now.
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