India

Brookfield-led InVIT to buy RIL’s East-West gas pipeline for Rs 13,000 cr

Times of India | Mar 15, 2019 at 8:02 AM
  • New Delhi, Mar 15 () Canadian investor Brookfield-led India Infrastructure Trust (InVIT) has agreed to buy billionaire Mukesh Ambani’s loss-making East-West gas pipeline for Rs 13,000 crore.
  • After this, the existing pipeline usage agreement has been reworked to reduce capacity reserved for RIL gas to 33 million standard cubic meters per day from 56 mmscmd currently.
  • PNGRB had on March 12, approved a 37 per cent rise in tariff from April 1, for the pipeline to Rs 71.66 per million British thermal unit on a gross calorific value basis.

Switzerland

Cyclone Idai batters Mozambique coastal city

Swissinfo | Mar 15, 2019 at 7:00 AM
  • A powerful tropical storm made landfall in Mozambique on Thursday evening, battering a coastal town with heavy rain and wind at speeds of up to up 170 km an hour.
  • The Mozambican government’s emergency services has yet to give an update on the situation.
  • Whole cities were left without access to clean water, sanitation or electricity.

United States

Asian LNG prices dip to 3-year seasonal low

Reuters | Mar 15, 2019 at 5:45 AM
  • Asian spot prices for liquefied natural gas (LNG) this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand.
  • The continued drop in prices has been attracting buying interest from India.
  • The tradable price level in Europe is at a discount of around 20 cents per mmBtu to the Dutch price.

United States

Asian LNG prices dip to 3-year seasonal low

CNBC | Mar 15, 2019 at 5:45 AM
  • Asian spot prices for liquefied natural gas (LNG) this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand.
  • The continued drop in prices has been attracting buying interest from India.
  • The tradable price level in Europe is at a discount of around 20 cents per mmBtu to the Dutch price.

Greece

Tighter Panama Canal draft restrictions could hit Aframaxes, LR2 transit

Hellenic Shipping News | Mar 15, 2019 at 12:00 AM
  • For dry bulk, Neopanamax and Capesize ships cannot transit the canal at a 47-foot (14.33-meter) draft, as they require maximum drafts of 15 meters and 20 meters, respectively.
  • Clean Medium Range and Long Range 1 tankers, dirty Panamax tankers and all LNG tanker classes can transit fully laden at the restricted 47-foot (14.33 meter) draft.
  • Handysize, Supramax and Ultramax, and Panamax size dry bulk carriers, with maximum drafts of 10 meters, 11 meters and 12 meters, respectively, will be able to pass through the restricted 14.33-meter maximum draft.

Estonia

Estonian minister: Trans-Atlantic energy cooperation must intensify

The Baltic Times | Mar 15, 2019 at 12:00 AM
  • Cooperation between Europe and the United States in the field of energy must grow, and greater cooperation would bring a positive result for both sides, Estonia’s Minister of Economic Affairs and Infrastructure Kadri Simson said at a trans-Atlantic meeting of energy ministers in Houston.
  • In the framework of the meeting a separate meeting took place between the energy ministers of the three Baltic countries and US Deputy Secretary of Energy Dan Brouillette.
  • Amendments to the gas directive endorsed recently offer the possibility to subject the Nord Stream 2 gas link to the principles of the European Union’s single energy market.

Greece

Argentina to become regular shale exporter in late 2019

Hellenic Shipping News | Mar 15, 2019 at 12:00 AM
  • Argentina will become an active shale light crude exporter in the second half of 2019 as domestic refineries reach maximum utilization rate amid booming output at the Vaca Muerta Basin, Argentina’s energy secretary said this week.
  • This will allow for higher efficiency levels and lower costs in Vaca Muerta.

United Kingdom

Roll-on Roll-off Over-spend Fall-out

BBC | Mar 15, 2019 at 12:00 AM
  • So whether it’s because of the “methane slip” or the limited number of routes with LNG quayside tanks in place, these hybrid ships may end up only using diesel – their innovative and expensive LNG capacity being left all but redundant.
  • Government ministers will surely want Cal-Mac ferries to be built at the Port Glasgow yard.
  • A more efficient ferry operator also requires standardised crewing, to make the Cal-Mac workforce more flexible across ships.

United States

Oklahoma Rigs Down, North Dakota Up as Overall U.S. Count Steady, Says BHGE

Natural Gas Intelligence (NGI) | Mar 15, 2019 at 12:00 AM
  • The overall U.S. rig count held steady for the week ended Friday (March 15), though regionally there were some notable changes in activity, including gains in North Dakota and a slowdown in Oklahoma.
  • Among plays, the biggest change occurred in the Cana Woodford of Oklahoma, where five units departed on the week, putting the play at 53 active rigs, down from its year-ago tally of 64.
  • With growing activity in the Williston, North Dakota saw three rigs return to action, and Alaska also added three rigs.