Global natural gas prices continued their spiral Monday as weather patterns across the Northern Hemisphere again shifted warmer, preserving ample stocks and further easing supply concerns. In Europe, the prompt Title Transfer Facility (TTF) contract slid 6.4% on Monday to close near $11/MMBtu. The contract dipped 4.3% last week despite an agreement among lawmakers late…
Prelude
Articles from Prelude
Shell’s Prelude FLNG in Australia Still Offline After December Fire
Royal Dutch Shell plc’s Prelude floating LNG (FLNG) vessel offshore Western Australia remains offline more than three weeks after another fire broke out on board. Shell said a small fire was detected on Dec. 21 in a turbine enclosure and quickly extinguished. However, liquefied natural gas production was suspended pending an investigation, the company said. …
Shell Expanding U.S. LNG Share with Lake Charles Offtake Agreement
Shell plc has increased its portfolio of U.S. LNG and helped progress a developing Gulf Coast export project it once held a half-stake in with a long-term agreement with Energy Transfer LP (ET). ET signed a 20-year sales and purchase agreement (SPA) with Shell for 2.1 million metric tons/year from the proposed Lake Charles LNG…
Shell to Shutter All Prelude FLNG Cargoes as Union Dispute Rages
Shell plc is shuttering the 3.6 million metric tons/year Prelude floating liquefied natural gas (FLNG) export facility offshore Western Australia, as union workers overwhelmingly rejected the London-based major’s latest offer to improve pay and working conditions. The Offshore Alliance union told Shell that workers planned to ban mooring tankers alongside the FLNG facility, preventing the…
Prelude FLNG Cancels Cargo Deliveries Amid Union Strike
The Prelude floating liquefied natural gas (LNG) export facility offshore Western Australia has canceled cargo deliveries through mid-July as labor unions representing workers on the vessel initiate work stoppages. Shell plc told multiple news outlets this week that it has notified customers of the cancellations, citing the impacts of a strike that started on June…
Asia LNG Rally Continues with Cargo Bid at $26-Plus — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. has reportedly bid $26.15/MMbtu for an early February LNG cargo delivery to South Korea. The trading firm has reportedly bought cargoes on the Asian spot market at $21.70 and $20.80 in recent days for February delivery, shattering previous Japan Korea Marker…
Shell Opens Wells at Australia’s Prelude FLNG Facility
Subsea wells have been opened at the Prelude floating liquefied natural gas (FLNG) facility in the Browse Basin off the northwest coast of Western Australia, according to Royal Dutch Shell plc.
NTSB: ‘Urgent’ Pipe Alert Post-PG&E Rupture
As a prelude to newly scheduled fact-finding hearings, federal pipeline investigators last Monday issued urgent recommendations regarding record-keeping problems it has encountered with Pacific Gas and Electric Co. (PG&E) in the wake of the San Francisco-based utility’s fatal natural gas transmission pipeline rupture in San Bruno, CA, last September.
NTSB Issues ‘Urgent’ Recommendations on PG&E Pipelines
As a prelude to newly scheduled fact-finding hearings, federal pipeline investigators Monday issued urgent recommendations regarding record-keeping problems it has encountered with Pacific Gas and Electric Co. (PG&E) in the wake of the San Francisco-based utility’s fatal natural gas transmission pipeline rupture in San Bruno, CA, last September.
NOAA Sees Long, Hot July; Downplays Arrival of Hurricane-Prone La Nina
The fireworks that fill the air at the beginning of July may be just a prelude to the fiery temperatures that are forecast to bathe most of the western states and a portion of the Northeast next month, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center reported in its monthly outlook last Thursday. The Midwest, meanwhile, may escape the hellish heat and could see below-normal temperatures.