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Shipping News for July 2010
July 30, 2010 |
| Brass targets six ship yards in its shipbuilding tender and DSME offers alternative to rival IHI’s SPB containment system. |
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Argentina Gas Shortage Stokes LNG Plans
July 30, 2010 |
| The Argentine winter had been mild for June and the first part of July, with daily lows tending to be above the average. Then on July 12th the mercury dropped. Gas shortages have plagued the country with LNG coming to the rescue, with more LNG import capacity in the horizon |
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Sonatrach Pulls the Plug on Camel, Signals End of an Era
July 30, 2010 |
| As Sonatrach prepares to shut down Camel, the Algerian LNG sector faces an uncertain future. Caught between a ballooning domestic gas requirement and a heavy reliance on hydrocarbons for foreign revenue, LNG export volumes are becoming ever less dependable. |
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Ship Chartering Registers Summer Uptick
July 30, 2010 |
| After languishing at four to five fixtures per month through May of this year, activity has picked up with the summer heat. Rates have responded. With modern conventionally-sized ships now testing the low $30,000/day range. |
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Turkey’s LNG Market Catching Wider Attention
July 30, 2010 |
| Turkey has emerged as an important buyer of LNG both term and spot. Based upon first half imports, Turkey is on track to import more than 5 MMt of LNG this year with just over 30% coming via single and multi-cargo deals. |
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Asia Investment Wave Hits North American Shale Plays
July 30, 2010 |
| Following the lead of major IOC’s Exxon and BP, Asian energy companies and investment funds have inked a number of deals granting them access into some of North America’s major shale gas plays. |
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In Brief (July 2010)
July 30, 2010 |
Hazira Opens Up For Third Party Access
Poland Inks LNG Construction Contract
Norway's Mini-LNG Plant Nearly Ready
Sinopec Plans Import Terminal at Beihai's Tieshan Port
CNOOC Starts LNG Supplies At 1,560 MW Fujian CCGT
Kenya: Early Plans To Import LNG Facing Challenge
Prelude Decision Pushed Back By Australian Government
LNG Front and Central in Lebanon's New Energy Law
Statoil Downgrades Value Of Cove Point Asset
CB&I Wins Tank Deal
BG Gets Good News In Italy
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Azerbaijan Rises As Key Regional Exporter
July 30, 2010 |
| In just a short time Azerbaijan has propelled itself into the position of being a major regional gas producer. Production from the giant offshore Shah Deniz field has left the country awash with gas, and makes the nation a prime candidate to serve as an anchor supplier for a handful of proposed export pipelines. |
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Atlantic Basin Sales to Asia Continue To Lag
July 30, 2010 |
| Although demand in the traditional markets of Asia is on the rise post recession, long haul voyages from the Atlantic to the Far East accounted for only 3.1 MMt from 51 cargoes, a drop of a little under 0.5 MMt from last year. This trend could soon reverse as Asian demand picks up. |
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NBP Floats Between Asian Highs And Henry Hub Lows
July 30, 2010 |
| Prompt prices at the UK’s National Balancing Point reached their highest level in 18 months during July closing at $7.63/MMBtu on the 13th. However, prices took a hammering late in the month following the restart of the last two mega trains that had been shut down for maintenance in Qatar. |
