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You will find in this section the latest public news regarding the liquefied natural gas market, regulation and innovations. Please type any keyword in the search box and /or use the ”area”, “topic” and “date” filters to refine your search. Feel free to submit your news to GIIGNL using the contact form.
January 5, 2015
Panama Canal Tolls Proposal published
On January 5, 2015, the Panama Canal Authority published its proposal to modify the tolls following the canal expansion program.
A special segment was created to incorporate LNG vessels. As for LPG carriers, the toll proposal uses cubic meters as a measurement unit, and is based on the use of four bands of cargo capacity. LNG carriers of 173 000 cubic meters capacity will pay $380 480. In ballast mode, they will pay $334 830.When transiting round-trip, LNG carriers will pay $300 000 in ballast mode. In the proposal, the ballast rate will be applied to the LNG carriers transporting up to a maximum of 10% of cargo capacity.
You can read the Panama Canal Proposal here
December 15, 2014
Tokyo Gas and Petro Vietnam sign MOU
On December 12, 2014, Tokyo Gas and Petro Vietnam Gas signed an MOU to conduct a feasibility study for an energy solution business in Vietnam. This is the fist time both companies collaborate on the development of an LNG value chain in Vietnam.
November 18, 2014
LNG Producer-Consumer conference: summary statement
The LNG Producer-Consumer Conference was held on November 6, 2014, and attended by more than 1,000 company executives and government officials, as well as analysts, from more than 50 LNG producing and consuming countries and regions and international organizations, including Mr. Yoichi Miyazawa, Minister of Economy, Trade and Industry, Japan, and four ministers from different countries. The conference was organized by the Ministry of Economy,Trade and Industry of Japan (METI) and the Asia Pacific Energy Research Centre (APERC).
The summary statement of the conference can be found here.
November 7, 2014
GDF SUEZ and CHUBU sign medium-term LNG HOA
Chubu and GDF SUEZ announced the signature of a Heads of Agreement. Under the terms of the agreement, GDF SUEZ will deliver 20 cargoes (around 1.2 million tons) of liquefied natural gas to Chubu for a 27-month period starting in the 1st quarter of 2015. LNG will be sourced from GDF SUEZ global supply portfolio.
Jean-Marie Dauger, Executive Vice-President of GDF SUEZ, in charge of the Global Gas & LNG business line, said: “This sales agreement shows once again GDF SUEZ commitment to develop its sales in Asia, a region with growing LNG needs. LNG is playing a critical role in Japan’s energy mix. As a safe and reliable supplier, we are happy to reach such agreement with Chubu Electric, a significant and experienced player in the field of LNG in Japan”.
Japan imported in 2013 around 88 million tons of LNG which represents 37.5% of the world LNG consumption. In the next decade Japan is expected to remain one of the major gas importers. Chubu Electric Power Co., Inc. is Japan's third-largest electric power company in power generation capacity, electric energy sold, operating revenues, and total assets. Chubu Energy division is engaged in the provision of gas and integrated energy including cogeneration system, as well as the storage, delivery and regasification of LNG. Chubu Electric Power serves an area of nearly 39,000 square kilometers in five prefectures of central Japan, home to some 16 million people.
The Chubu region is known as one of Japan’s leading manufacturing regions, and many world-class Japanese industries, including manufacturers of automobiles, machine tools, electric components, aircraft, and new materials, are centered here.
GDF SUEZ is a global LNG player and the main LNG importer in Europe. GDF SUEZ has the third largest LNG supply portfolio in the world, supplied from six different countries, and representing 16 mtpa. It controls a fleet of 14 LNG carriers under mid and long term charter agreements.
October 21, 2014
Hazira LNG, Höegh LNG, Pertamina and Singapore LNG join GIIGNL in 2014
Following their candidacy approval by the General Assembly on October 6, 2014, Hazira LNG, Höegh LNG, Pertamina and Singapore LNG join GIIGNL as new members. Hazira LNG, Höegh LNG and Singapore LNG applied for full membership, while Pertamina will join as associate member.