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With the LNG project in Ja in the news, this is woth nothing..
It is not a jab at the evil kanadians... this has implications to Ja's long term energy security... Now thee is an excess of natural gas on the market...But the market is set to tighten in the next decade
LNG cargo diverted from Canada to UK
The South Hook LNG terminal in Wales will receive a cargo on 3 June from Qatar which was previously destined for the Canaport terminal in Canada, shipping data showed today.
News wires 02 June 2011 21:10 GMT
The Q-Max Al Mayeda tanker, which can hold up to 266,000 cubic meters of LNG, had been expected at Canaport on 9 June, according to AISLive ship data last week, but the tanker was last seen today docked just offshore South Hook in Wales.
The local port authority confirmed the impending arrival, Reuters reported.
Canaport, which last week came back from a three-week maintenance period, is still expecting a cargo on 9 June, a terminal spokeswoman said.
The diversion comes as US gas prices, pressured by ample domestic supply, languish way below European and Asian prices, deterring shippers from sending spot cargoes to North American terminals.
Recent LNG deliveries to the United States and Canada have fallen to at least four-year lows, analysts' data has shown.
US gas futures at $4.80 per million British thermal units were $4.70 below British prices today, according to Reuters data.
The spread is wide enough even for producers in Trinidad to make better returns from sending LNG to Europe, despite higher shipping costs.
GDF Suez , the United States's biggest LNG supplier, has diverted a number of cargoes away from US terminals this year to higher-paying markets in Europe and Asia, the French gas and power group said last month.
Published: 02 June 2011 21:10 GMT | Last updated: 02 June 2011 21:10 GMT
It is not a jab at the evil kanadians... this has implications to Ja's long term energy security... Now thee is an excess of natural gas on the market...But the market is set to tighten in the next decade
LNG cargo diverted from Canada to UK
The South Hook LNG terminal in Wales will receive a cargo on 3 June from Qatar which was previously destined for the Canaport terminal in Canada, shipping data showed today.
News wires 02 June 2011 21:10 GMT
The Q-Max Al Mayeda tanker, which can hold up to 266,000 cubic meters of LNG, had been expected at Canaport on 9 June, according to AISLive ship data last week, but the tanker was last seen today docked just offshore South Hook in Wales.
The local port authority confirmed the impending arrival, Reuters reported.
Canaport, which last week came back from a three-week maintenance period, is still expecting a cargo on 9 June, a terminal spokeswoman said.
The diversion comes as US gas prices, pressured by ample domestic supply, languish way below European and Asian prices, deterring shippers from sending spot cargoes to North American terminals.
Recent LNG deliveries to the United States and Canada have fallen to at least four-year lows, analysts' data has shown.
US gas futures at $4.80 per million British thermal units were $4.70 below British prices today, according to Reuters data.
The spread is wide enough even for producers in Trinidad to make better returns from sending LNG to Europe, despite higher shipping costs.
GDF Suez , the United States's biggest LNG supplier, has diverted a number of cargoes away from US terminals this year to higher-paying markets in Europe and Asia, the French gas and power group said last month.
Published: 02 June 2011 21:10 GMT | Last updated: 02 June 2011 21:10 GMT
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