PTT eyes 3 million tonnes of spot LNG in 2015

lngwn

PTT of Thailand could import 3 million tonnes of LNG from the spot market during 2015 due to lower prices. 

PTT’s Chief Executive Pailin Chuchottaworn said this is part of the company’s plan to import 5 million tonnes to up the use of its receiving terminal, reports Reuters.

Pailin added that a decline in domestic gas supplies could force the company to raise its LNG imports. Thailand produces close to 70 percent of its electricity using natural gas and PTT’s deal with Qatargas to import 2 million tonnes per year cover about 6 percent of the country’s total consumption.

According to PTT, it is expected that Thailand’s gas consumption will grow by 3.1 percent a year on average from 2015 to 2019.

Oil price decline 'should not impact on dual-fuel LNG carriers'

Joe McGladdery a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the liquefied natural gas (LNG) charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and operators.

In an emailed statement, McGladdery commented: "As a result of the oil price collapse, energy companies are reducing capital budgets to protect against falling revenues. Given the investment levels needed to sustain an LNG production project, the final decision to proceed with a number of projects has been put on hold. This uncertainty over the progress of production projects has exerted further downward pressure on an already static charter market for LNG carriers,

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Bunker Prices

 27.01.2015  Bunker Prices More

 IFO380MGO
 $/mt+/-$/mt+/-
346.00 12.00 544.00 6.00
293.50 2.50 522.50 14.00
322.00 0.50 624.00 4.50
332.00 10.00 777.00 5.00
316.00 0.50 561.50 10.00
337.00 4.50 606.50 15.00
316.00 0.50 554.50 4.00

Canarias tendrá gas a mediados de 2018

 

 

 

La Opinión de Tenerife

La construcción de la planta de Granadilla generará unos 1.500 puestos de trabajo

ana martínez 18.02.2015 | 12:46

Instalaciones de la planta regasificadora que Enagás tiene en Huelva. LOT
 

La culminación del proceso de compra de Gascan por parte del gestor nacional Enagás ha clarificado el horizonte de la llegada del gas al Archipiélago. Tanto que ya tiene fecha. La compañía calcula que la planta de Granadilla de Abona estará en marcha en la segunda mitad de 2018. La de Gran Canaria, lastrada por el rotundo rechazo que ha suscitado, aún no tiene ni emplazamiento cierto.

A la regasificadora de Tenerife, en cambio, apenas le quedan pendientes "trámites

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Oil price may hit $200— OPEC

 

 

04.Feb.2015

 
 DESPITE reaching the low of $45 per barrel, oil prices may yet rise to $200.

This indication was giving on Monday by the Secretary-General, Abdulla al-Badri, when he was in London, the oil market doesn’t need to look for oil prices to bottom as the market has already bottomed. Instead, he offered quite bullish comments by saying, “Now the prices are around $45-$55, and I think maybe they [have] reached the bottom and we (will) see some rebound very soon.”

Abdulla al-Badri, however did not say OPEC would come in and rescue the oil market by reversing its previous decision to hold steady on production. Instead, he saw the signs that the oil market is self-correcting as oil companies

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