Spot LNG shipping rates slightly up, European prices jump

Atlantic and Pacific spot liquefied natural gas (LNG) freight rates rose slightly this week, but they remain weak due to a high number of newbuilds coming into the market. European prices jumped this week compared to the week before. Spark30S Atlantic freight rates increased by $1,250 to $24,750 per day, and Spark25S (Pacific) increased by…

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Santos ships first Barossa condensate cargo to South Korea

Australian LNG player Santos and Prism Energy International Australia have jointly sold and shipped the first condensate cargo from the Barossa gas project, located approximately 285 km north of Darwin, to South Korea.

Baker Hughes scores CP2 LNG expansion gig from Venture Global

US energy services firm Baker Hughes said it had secured a “major” order from compatriot LNG exporter Venture Global LNG to provide a liquefaction solution for its CP2 LNG expansion project in Louisiana.

Netherlands was top destination for US LNG in May

LNG import terminals in the Netherlands were the top destinations for US liquefied natural gas cargoes in May this year, according to the Department of Energy’s LNG monthly report.
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Netherlands was top destination for US LNG in May

LNG import terminals in the Netherlands were the top destinations for US liquefied natural gas cargoes in May this year, according to the Department of Energy’s LNG monthly report.

Atlantic LNG shipping rates decrease this week

Atlantic spot LNG shipping rates dropped this week, while Pacific rates were flat compared to the week before, according to Spark Commodities.

US LNG exports reach 34 shipments

US liquefied natural gas (LNG) plants sent 34 cargoes during the week ending July 22, the same as in the week before, according to the Energy Information Administration.

GECF: LNG imports down in June

Global LNG imports declined by 2.9 percent year-on-year to 33.36 Mt in June, with the pace of contraction continuing to moderate compared with the previous two months, the Gas Exporting Countries Forum (GECF) said in its latest report.