Gas Delivery Commitments News

Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened. Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million British thermal units (mmBtu), traders said, ranging from $8/mmBtu to about $7.60/mmBtu. Prices tailed off even more sharply into April, currently trading at around the $7/mmBtu mark, they said. One trader said utilities in Japan "have overbought due to warmer than average temperatures at the end of 2016 and the current cold spell doesn't look like it will last…

A total of 21 production shutdowns are planned by StatoilHydro on the Norwegian continental shelf during 2009. This extensive work program aims to achieve safer and more efficient facilities. In addition to required maintenance and inspection, many installations will be upgraded to expand capacity, implement technical improvements and extend their economic life. All this will be accomplished during the planned shutdowns, which are known in oil jargon as turnarounds. Compared with 2008…