U.S. LNG FOR BRITAIN
PLATTS - The UK's first US LNG cargo will arrive at the Isle of Grain terminal on around July 8, according to shipping sources.
The cargo from Sabine Pass is loaded aboard the Maran Gas Mystras, which is currently being chartered by Total.
Another LNG cargo is expected at Isle of Grain this month, as a result of the Trafigura-controlled Adam LNG being diverted away from India towards the UK. The vessel has a cargo from Nigeria on board, and will arrive mid-July.
Total does not own long-term capacity at the Isle of Grain terminal, but is an 8.35% shareholder in South Hook LNG in Wales.
Isle of Grain has a 15 million mt/year throughput capacity, and counts BP, Centrica, Iberdrola, Engie, Uniper and Sonatrach as its long-term capacity holders.
Isle of Grain has received six cargoes so far this year -- two from Qatar, two from Algeria, and one each from Trinidad & Tobago and Algeria. The LNG terminal also sent a reload to the Dominican Republic in February.
Stocks at the beginning of Monday's gas day at Isle of Grain were 249 million cu m of natural gas equivalent, about 42% of the facility's capacity, according to National Grid data.
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GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).
BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.