The Tembek, (built at Samsung's Geoje Yard, Korea and registered in Mjuro in the Marshall Islands ) one of a new generation of so-called Q-Flex LNG tankers, with a capacity of 211,885 cubic meters of LNG left Qatar and transited the Suez canal on or about Jan 23rd 2009.
She is due to dock at South Hook LNG, Milford Haven (a joint venture Qatar Petroleum, Exxon Mobil Corp. and Total SA) any day , marking Qatar’s arrival as the key natural gas supplier to the U.K. The ship will stop near the U.K. so its arrival coincides with final commissioning steps of the terminal in the “next few weeks,” the company says.
BG Group Plc’s Dragon LNG terminal at Milford Haven also awaits commissioning.
South Hook expects to receive as much as 7.5 million tons of LNG a year, or 10.5 billion cubic meters of natural gas, in its first phase. The terminal’s capacity is planed to double by 2012.
Dragon and South Hook together will have a combined import capacity of 19.4 million tons of LNG a year, or 26.7 billion cubic meters of natural gas.
Currently the U.K. is a higher-priced market than the U.S. at present, making it more attractive for Qatari shipments. Gas for delivery next month at Henry Hub in Louisiana, the U.S. benchmark price, traded at US$4.74 a million BTU's on Jan 22nd on the New York Mercantile Exchange - approximately US3 less than February gas delivered UK.
Typically, one or more initial cargoes of LNG are used to cool down a new import facility’s pipes and storage tanks to the correct operating temperature. LNG is natural gas chilled to liquid form at minus 161 degrees Celsius (minus 258 Fahrenheit) to aid transportation and storage.
Qatar exported 38 billion cubic meters of gas in 2007, up 24 % on 2006, according to BP’s Statistical Review of World Energy. Qatar plans to produce 77 Mn tons by 2010. That’s equal to 106 billion cubic meters of gas, roughly equivalent to UK annual consumption.
PS. The Tembek is owned through a joint venture between Qatar Gas Transport Company (Nakilat) and OSG, from which Qatargas will charter the vessel. Mr Angus Cambell, is Head of OSG Gas (Overseas Shipholding Group - 666 Third AvenueNew York, NY 10017) and his beautiful wife Naomi named the ship September 13th 2007.
UPDATE : 1600 BST Frid 30-1-09 BG Group PLC-operated (BG.LN) Dragon liquefied natural gas terminal at Milford Haven in Wales, the South Hook LNG terminal at Milford Haven have been hit by walkouts related to protesters demonstrating at Total SA's (TOT) 220,000 barrels-a-day Lindsey Oil Refinery in Immingham, northern England.
Milford Haven has highest percentage of empty shops in country
11:58am Thursday 22nd January 2009 ----- Milford Haven is facing a future as a ghost town with the highest percentage of empty shops in the country, major new research has revealed. etc....