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Platts Japan Korea Marker for Aug LNG delivery rises to $7.45/MMBtu as availability wanes

The Platts JKM for August delivery gained 20 cents over the Asian trading week to reach $7.45/MMBtu Friday, as sentiment began to firm on dwindling availability.

Ongoing buying interest from traders and portfolio sellers looking to backfill short positions remained apparent, according to several sources, with as many as four requirements for DES cargoes heard in […]

By |July 4th, 2015|Energy News, General News, Latest News|0 Comments

US seeks to use own ships in the carriage of energy exports

After disrupting the world oil supply and price equation with shale discoveries, the US is now seeking to set the agenda in the way crude and gas exports are transported out of the country.

A potentially protectionist approach being taken by the US with respect to the future transport of energy exports is at variance with […]

By |July 3rd, 2015|Energy News, Latest News, Shipping News|0 Comments

Japan May LNG imports fall to 5.75 mil mt, lowest volume since Oct 2010

Japan’s LNG imports fell 11.4% year on year to 5.75 million mt in May, the lowest volume since October 2010 when it was 5.22 million mt, data released Monday by the Ministry of Finance showed.

Mild temperatures and sluggish demand in downstream markets were partly responsible for the decline in imports, it added.

Shipments from Australia fell […]

By |June 30th, 2015|Energy News, General News, Latest News|0 Comments

Essar Oil UK posts $70 million profit in FY15

Essar Oil UK, which owns and operates UK’s Stanlow refinery, on Friday reported a net profit of $70 million for the year ended 31 March compared with a loss of $121 million in the previous fiscal.

The profit was driven by highest-ever refining margin, the company said in a statement in New Delhi. The refinery made […]

By |June 27th, 2015|Energy News, General News, Latest News|0 Comments

India’s naphtha exports seen lower as domestic demand grows

India’s monthly naphtha exports could fall by more than 15 percent from July versus the first-half average of about 450,000 tonnes as domestic demand grows amid growing gasoline appetite, a development that could hurt traders who need the spot barrels to fill their supply shortfalls.

Although India’s current naphtha exports make up less than 15 percent […]

By |June 22nd, 2015|Energy News, General News, Latest News, Local News|0 Comments

Nigeria LNG exports reach $85 bn in 15 years

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago, the company announced.

“For us, it has been a success story. Between 1999 when we came on stream and now, we have realised some 85 […]

By |June 22nd, 2015|Energy News, General News, Latest News|0 Comments

Platts JKM™ for July-Delivered LNG Plunged 41.3% from Year Ago on Poor Demand

Prices of spot liquefied natural gas (LNG) for July delivery to northeast Asia averaged $7.600 per million British thermal units (/MMBtu), according to the latest Platts Japan/Korea Marker (Platts JKM®) data for month-ahead delivery.

The figure reflects the daily JKM assessed published by Platts, a leading global energy, petrochemicals and metals information provider and a premier […]

By |June 17th, 2015|Energy News, General News, Latest News|0 Comments

European refining margins jump on weak crude oil prices

European refining margins have strengthened further over the past week on slumping crude oil prices and strong Asian and US gasoline demand, with the margin for refining some grades jumping to multi-year highs.

Refining Norwegian sweet crude grade Oseberg in the Amsterdam-Rotterdam-Antwerp hub would make $10.755/barrel Monday, according to Platts data, the highest level since Platts […]

By |June 17th, 2015|Energy News, Latest News|0 Comments

Egypt Receives LNG Shipment from Australia

Egypt received a cargo of liquefied natural gas from Australia after the exporter sent two shipments to the region in the past two years, signaling increasing demand, reports The Daily Star.

The Woodside Rogers tanker arrived at Egypt’s Ain Sokhna terminal Thursday after loading at Australia’s Dampier port on May 12, according to ship-tracking data on […]

By |June 14th, 2015|Energy News, Latest News, Shipping News|0 Comments

The Shipping Tribune Launches Mobile App

The Shipping Tribune is pleased to announce that Mobile App for Android users has been launched. The Shipping Tribune app for Android delivers the latest global Shipping & maritime news to keep you ahead of the curve. Access the most credible source for shipping news and information on the move with the Shipping Tribune App.

The […]