Gazprom Neft Badra, operator of the Badra field, Iraq, has undertaken the largest ever maritime shipment of oil for export in the company’s history, with 1.78 million barrels of hydrocarbons being despatched for the United States in the New Solution crude oil tanker.
The US Department of Energy announced that it has approved a long-term application from Eagle LNG Partners Jacksonville II LLC to export liquefied natural gas in a quantity of 0.01 billion cubic feet per day.
The tanker market will register trade flow changes as a result of Tropical Storm Harvey striking the prime energy hub in the US, according to Drewry. However, Drewry expects no long-term material impact on the trade of crude oil and refined products, as the operations in Gulf of Mexico will resume in a week.
The U.S. Department of Energy (DOE) announced a proposed rule that will speed up the approval of small-scale exports of natural gas, including liquefied natural gas (LNG), from U.S. export facilities.
Aegean Marine Petroleum Network and Caribbean Bunkers, a subsidiary of Freepoint Commodities, announced the signing of an agreement to cooperate on bunkering sales, focused around the US Virgin Islands facility at Limetree Bay, St. Croix.
The Port of Olympia, Washington, announced that the long-anticipated Swantown Marine Fueling Station is ready for business and, from now on, is open seven days a week, in order to broaden the port’s support of commercial maritime activities in the area.
DNV GL’s Maritime Trend report foresees that US is going to dominate LNG growth in 2019. US, as “a new kid on the bloc”, seems to be introducing new dynamics, such as increased tonne-mile demand, attractive price arbitrage and much more flexible terms of contracts.
US-based LNG development company NextDecade signed a Memorandum of Understanding with the Irish Port of Cork, to advance a joint business development opportunity in Ireland for a new Floating Storage and Regasification Unit and associated LNG import terminal infrastructure.
International Energy Agency issued a report on a five-year analysis on natural gas, revealing that US will account for 40% of the world’s extra gas production to 2022, thanks to the remarkable growth in domestic shale industry. IEA estimates that the country will challenge Australia and Qatar for global leadership among LNG exporters.
The US Bureau of Ocean Energy Management approved a Beaufort Sea exploration plan in Alaska, received by Eni US, a subsidiary of Italian oil and gas company Eni. Following the approval, the company will become the first allowed to explore for oil in US waters off Alaska since 2015.
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