"We declare our first goal to be for every person to be dynamically involved in the process of freeing himself or herself from every form of domination or oppression so that each man or woman will have the opportunity to develop as a whole person in relationship with others".


- Papua New Guinea National Goals and Directive Principles




Monday, 18 June 2018

Chaos in the PNG LNG Project Site

Today early in the morning the frustrate PDL 8 Angore landowners  halt up the project by cutting down the trees along the road links the concern well pad. They also close the main road limks PNG LNG Condensation Plant, Komo Airfield, Nogoli Plant site and Angore well pad to Tari, the Provincial Head Quarter. Local innocent people living in those areas were  badly affected.

Some of the machines in the PNG LNG Project sites were burnt down early this morning.

Currently no vehicles pussing up and down along the road. if the situation go worse and the government respond negatively, the company and the local landowners will be badly affected and PNG LNG Project likely to close down.






The attachments are the images of machineries burnt down by the angry Landowners early this morning.

Friday, 18 May 2018

TABLE-S.Korea's April LNG imports up 38.5 pct y/y

 SEOUL, May 15 (Reuters) - South Korea's imports of liquefied natural gas
rose 38.5 percent to 3.2 million tonnes in April from a year earlier, according
to customs data released on Tuesday.
   Details are as follows:
   (In tonnes/ in $mmBtu)
                                April 2018              April 2017
 Qatar                      927,250/ $9.63          651,412/ $8.63
 Australia                  448,145/ $9.51          486,502/ $7.98
 Oman                       358,856/$10.82          432,344/ $8.53
 Malaysia                   354,175/ $8.75          177,046/ $8.20
 Indonesia                  314,857/ $7.92          188,602/ $5.32
 Russia                     259,336/ $9.02          191,648/ $7.05
 Peru                       235,830/ $9.68                       -
 United States              207,252/ $7.86           64,359/ $6.10
                                            
 Angola                      66,451/ $9.56                       -
 Brunei                                  -           66,583/ $7.92
 Guinea                                  -           65,054/ $6.01
                                                                  
 TOTAL                    3,217,152/ $9.32        2,323,549/ $7.88
 
  Details of the January to April imports are as follows:
  
   (In tonnes/ in $mmBtu)
                           January-April 2018      January-April 2017
 Qatar                       5,319,250/ $9.39        4,221,948/ $8.22
 Australia                   2,559,715/ $9.96        2,673,610/ $8.18
 United States               1,668,211/ $9.17          235,794/ $8.25
 Oman                        1,555,465/ $9.91        1,915,286/ $8.33
 Malaysia                    1,353,226/ $8.66        1,038,777/ $7.42
 Indonesia                   1,127,346/ $7.86        1,155,817/ $6.95
 Russia                        831,761/ $8.94          766,372/ $6.93
 Peru                          433,419/$10.04          270,661/ $8.74
 Brunei                        323,843/ $8.92          491,328/ $7.91
 France                        247,187/$10.75                       -
 Netherlands                   132,182/$10.27                       -
 Nigeria                       132,120/ $8.01          379,343/ $7.23
 Angola                        129,639/ $9.92          131,278/ $8.41
 Spain                          68,488/$11.26                       -
 Trinidad Tobago                64,630/ $9.91          110,579/ $8.22
 Norway                         64,063/$11.66                       -
 Equatorial Guinea              63,583/ $7.51           66,808/ $8.17
                                               
 Egypt                          63,183/$11.16                       -
 United Kingdom                 56,523/$11.17                       -
                                               
 Papua New Guinea                           -           67,980/ $6.45
 Guinea                                     -           65,054/ $6.01
 Algeria                                    -           60,895/ $8.00
 Singapore                                  -           59,743/ $8.43
                                                                     
 TOTAL                      16,193,832/ $9.37       13,711,272/ $7.94
 
 (Reporting by Heekyong Yang; Editing by Biju Dwarakanath

Sunday, 6 May 2018

LNG shipping outlook seen brighter after Q1 slump

LNG
Shipping rates have slumped from December’s peak in a “pronounced” slide exacerbated by outages at LNG plants such as in Papua New Guinea, a key supplier of the super-chilled fuel for Asia


















Bloomberg/London
Liquefied natural gas shipowner Gaslog Ltd predicts a buoyant year after a muted start as energy traders seek vessels early to avoid last winter’s tanker shortage.

Gaslog, which has 29 LNG carriers worldwide, is already fielding inquiries for multi-month charters as protection for next winter before heating demand – and prices – soar. The Bermuda-registered shipper reported first-quarter revenue on Friday that missed analysts’ estimates.

LNG prices and shipping rates surged to a four-year high in December as the pace of China’s anti-pollution drive and unprecedented demand for cleaner natural gas took traders by surprise. At the same time, declining natural gas production in Europe boosted its need for LNG shipments to cope with an abnormally cold winter.

“A trader told me that there were opportunities last winter to take cargoes out of Europe into Asia with great arbitrage possibilities,” Paul Wogan, chief executive officer of GasLog, said in a telephone interview. “They couldn’t take advantage of it because there were simply no ships available.”

Shipping rates have slumped from December’s peak in a “pronounced” slide exacerbated by outages at LNG plants such as in Papua New Guinea, a key supplier of the super-chilled fuel for Asia. The production halts cut the number of cargoes that could be transported, Wogan said.
“We are starting to see the market turn again,” Wogan said. “Our customers and the people supplying the LNG see the same trends that we do, and are hoping to be able to lock into charters now to guarantee that they can supply the product.”

Shipping rates are still above levels seen in the same period last year, and there are signs prices have reached a bottom, according to GasLog’s earnings statement. As summer approaches, demand for cooling in the northern hemisphere and for heating south of the equator will drive the shipping market in coming months, Wogan said.

While customers are seeking to sort their winter shipping requirements now, GasLog may benefit more from spot market rates at the height of the winter.

“From the shipowner’s point of view, we believe that this market will be strong in the winter,” he said. “We would rather take what we think is going to be a very strong spot rate through the coming summer and winter.”







Monday, 30 April 2018

Papua New Guinea LNG project resumes exports

Reuters are reporting that a LNG tanker has left Papua New Guinea laden with the first export cargo since the country’s giant LNG project resumed production after a major earthquake triggered a shutdown in February.

The tanker’s destination was not immediately clear, but the resumption of shipments could put pressure on spot LNG prices, traders said.

ExxonMobil Corp restarted output at the project near the capital Port Moresby a fortnight ahead of schedule.

The 172 000 m3 capacity LNG tanker Kumul, custom-built for the PNG LNG project, left the project terminal with a draft of 91%, suggesting it is nearly full.

The Kumul unloaded an LNG cargo at the PNG terminal on 4 April. It was anchored nearby until 14 April, before loading the cargo from the terminal on 15 April.

ExxonMobil had said in early April that it had imported an LNG cargo to the project’s terminal in order ensure tanks at the PNG facilities remained cold.


The 170 000 m3 capacity LNG tanker Papua is currently anchored near the Kumul Marine Terminal, while the 165 000 m3 capacity LNG tanker Bishu Maru is headed to Port Moresby.

Japan's March LNG imports slip 2.6% on year; PNG volume drops

Tokyo (Platts)--27 Apr 2018


Japan's LNG imports slipped 2.6% year on year to 7.9 million mt in March with imports from Papua New Guinea dropping, Ministry of Finance data released Thursday showed.

PNG LNG had shut its plant after a massive earthquake hit the region on February 26. Japan's imports from PNG fell 65.7% from a year ago to 145,580 mt, or about two cargoes, in March.

Japan imported 2.5 million mt from Australia in March, up 17.3% year on year and also accounting for 31% of Japan's overall imports.

Imports from second-largest supplier Malaysia reached 1.3 million mt, down 17.1% from a year ago, and volumes from Qatar, which came in third, rose 12.1% year on year to 1.1 million mt.

Japan also received a cargo from Egypt last month. The Flex Enterprise delivered a cargo from Idku, Egypt to the Oita terminal operated by Kyushu Electric on March 12, according to S&P Global Platts trade flow software cFlow.

The US also sent a couple of cargoes to Japan with the Kita LNG delivering a Sabine Pass cargo to the Futtsu terminal on March 23 and the Creole Spirit delivering another Sabine Pass cargo to the Himeji terminal on March 29, cFlow showed.

The Japan Customs Cleared crude oil price was $66.746/b in March, surging 18.9% from a year earlier but edging down 2.2% from the previous month.

Some of Japan's long-term LNG contracts are linked to the JCC crude price, but with a lag of a few months, so fluctuations in oil prices typically take some time to be reflected in LNG prices.

Tuesday, 16 August 2016

Protesting PNG landowners close to turning off tap for LNG Project

12:35 pm on 12 August 2016
RNZI / Johnny Blades

A government delegation is due in Papua New Guinea's Hela province today to respond to disgruntled Highlands landowners threatening a shutdown of the country's major LNG (Liquefied Natural Gas) project.
The project's gas conditioning plant in the hides area of this highlands province remains locked by landowners protesting that the government owes five years worth of project commitments worth hundreds of millions of dollars.
The project developer ExxonMobil said its facilities were continuing to operate and that it was monitoring the peaceful protest in Hela.
A deployment of extra police to Hela from the capital in recent days is a sign that the government is concerned about the landowner threat.
However, the government's initial response to the current protest did not satisfy the landowners.
Stanley Mamu from LNG Watch said a government delegation made a brief trip to Hela on Wednesday to talk with the landowners, and are expected back in Hela today with an ultimate response to their grievances.

"If the government cannot satisfy their petition, they will forcefully go inside and close down wellheads B, C and D... it's the well tap that supplies the gas."
Overnight, it emerged that more landowner groups from LNG Project areas in neighbouring Southern Highlands province have joined the Hela landowners in their protest.
Moran and Gobe landowners have also launched their own conditional demand for the government to make outstanding payments of royalties they claim are owed to them.
They have signed a demand paper giving a 21 day-ultimatum as of 10th August for the government to honour its outstanding commitments of around 14 million US dollars.
It's not the first time that landowners in this Highlands region have obstructed the project over their grievances over commitments or royalties owed however, this time the landowners appear less willing to accept the government response.
250 LNG shipments have reportedly been made since the project started exports two years ago, but landowners in four petroleum development license areas of Hela say they are yet to be paid as the founding project agreement.
"This sort of gate closure, we've never experienced that, from the beginning (of the LNG Project) until now," said Stanley Mamu.
He said the proliferation of firearms among some Hela landowners was a concern, especially with PNG security forces looming as a response to the Hides protest.
On Tuesday, the Minister of Petroleum and Energy Nixon Duban said delays in payments to the landowners in the Hela LNG area were due to complications over identifying genuine landowners.
He said paying royalties to the wrong people would have consequences which the government wanted to avoid.
In parliament yesterday, the prime minister Peter O'Neill said that all outstanding payments will be made to the landowners, but didn't give a time frame.
Exxon meanwhile said it respected the right of individuals to peacefully protest, but also encouraged "continued dialogue between landowners and the government to resolve their outstanding issues promptly".

Landowner blockade still in force at PNG LNG project

12:55 pm on 15 August 2016 


Reports from Papua New Guinea's Hela province say landowners continue to block access to a key site in the ExxonMobil-operated LNG gas project.
The project's gas conditioning plant at Hides remains locked by landowners protesting that the government owes five years of outstanding project commitments worth hundreds of millions of dollars.
They had threatened to shut down the entire LNG project this month if government didn't respond adequately with payments.
Speaking in parliament last week, the prime minister Peter O'Neill said all outstanding payments would be made in due course, while a government delegation travelled to Hela last Wednesday for discussions with the landowners.
This delegation, including members of the state-owned Mineral Resources Development Company, sought to assure landowners that payments will be made, pending the outcome of ongoing clan vetting processes to establish the legitimate landowners.
Furthermore, landowner representatives met with the MRDC in Port Moresby at the weekend to discuss the petition outlining their grievances.
However landowners indicated the government response was unsatisfactory and they are expecting to receive another government delegation today or tomorrow for further talks.
The project developer ExxonMobil said last week its facilities were continuing to operate and that it was monitoring "the peaceful protest in Hela".
However, reports from Port Moresby suggest the latest export shipment from the LNG Project had only half as much gas as usual, due to obstruction in the flow of LNG because of the Hela landowners' actions.
Meanwhile, landowners from LNG Project areas in neighbouring Southern Highlands province have indicated they wish to join the Hela landowners' protest as they too claim to be owed significant amounts of benefits.
An extra contingent of PNG police was deployed to Hela last week amid fears that landowner grievances could spill over into violence.