Based on data from the LNG terminal operator Enagás, Spain’s LNG imports rapidly increased by 48.9% in June, in comparison to the same month last year. Accordingly, the LNG imports reached about 20.7 terawatt-hours (TWh) in June 2019, in comparison to 2018 June’s 13.9 TWh that was reported.
According to Reuters, traders are beginning to look for booking vessels or shipping liquefied natural gas (LNG), as they expect that winter demand will increase prices for spot cargoes, which are trading near record lows.
K Line, Kawasaki Kisen Kaisha LTD., announced that joined an approval in principle (AIP) with Namura Shipbuilding Co., Ltd., for the concept design of an LNG-fuelled Ore Carrier from DNV GL.
The European Commission greenlights Croatian plans to support the construction and operation of a LNG terminal at Krk island, as they are in compliance with the EU state aid rules. The project will participate in the security and diversification of energy supplies.
Repsol, Spanish energy company, and Brittany Ferries extended their agreement that they signed in February on supplying LNG to the ferry operator’s Spanish operations. The agreement sees the energy company supplying LNG bunker fuel to Brittany Ferries’ Salamanca and Santoña during the ships’ regular visits on routes linking Portsmouth, UK and northern Spain, beginning in 2022.
The Zeebrugge LNG terminal achieved another milestone, as the Al Dafna LNG carrier docked. With this development, the terminal saw its first call ever of a Q-Max vessel, the largest LNG carriers in service. In Zeebrugge LNG terminal, LNG carriers of all types and sizes can dock, from small 2,000 m3 LNG carriers up to the largest 266,000 m3 Q-Max LNG vessels.
US exports of LNG have been growing continuously and reached a new peak of 4.7 billion cubic feet per day in May 2019, according to the latest data published by the US Department of Energy’s Office of Fossil Energy. In 2019, the US became the world’s third-largest LNG exporter, averaging 4.2 Bcf/d in the first five months of the year.
Qatargas has delivered the first LNG cargo on a Q-Flex vessel to Greece’s Revithoussa LNG Terminal. This is for the first time that a Q-Flex LNG ship has called at the terminal, since it expanded last year. The cargo was loaded at the Ras Laffan Terminal in Qatar on 3rd July 2019, and it arrived at the Revithoussa Terminal on board the Q-Flex vessel ‘Al Gharrafa’, on 20 July 2019.
Transnet plans to begin a tender next year for South Africa’s first terminal to import LNG at Richards Bay port. First gas is expected to arrive in 2024, as South Africa wants to diversify its energy sources away from coal, and increase its ability to reduce power cuts that have hit growth.
Korea Gas Corporation (KOGAS) and Energy Capital Vietnam (ECV) signed a Memorandum of Understanding (MoU) that establishes the framework for the creation of a privately-funded LNG regasification terminal, storage, gas supply system, as well as 3,200 MW gas-fired power project near Mui Ke Ga, Binh Thuan Province, Vietnam.
