In this issue

 

The crew of the recently delivered Knutsen LNG managed 176,300 cu m LNGC ‘La Mancha Knutsen’ successfully fought off a pirate attack about 90 miles south of Port Harcourt, Nigeria on 10th March. 

Thursday, 16 March 2017

The US Senate’s vote to confirm Rick Perry as the new US Energy Secretary has won the approval of two LNG groupings - Natural Gas Supply Association (NGSA) and Center for Liquefied Natural Gas (CLNG). 

US Congressman John Garamendi (D- CA), ranking member of the sub-committee on the US Coast Guard and maritime transportation, has introduced HR 1240 - the ‘Energising American Maritime Act.’  

Thursday, 16 March 2017

Japan imported 8.3 mill tonnes of LNG in January, an increase of 1.06 mill tonnes, compared to the previous year. 

Thursday, 16 March 2017

Ahead of next month’s GasTech, co-hosts Mitsui & Co has underlined the importance of a stable LNG supply in order to fulfil Japan’s future energy demand. 

Cosco Shipping Development Co has signed a sale and leaseback deal with an affiliate of Golar LNG to purchase the 160,000 cu m 2014-built LNGC ‘Golar Crystal’. 

The allocation of capacity for OLT Offshore LNG Toscana’s regasification and storage bundled service for 2017/2018 has been successfully completed. 

Royal Dutch Shell has confirmed that it is to stop the development of the proposed Prince Rupert (BC) liquefied natural gas project. 

Thursday, 16 March 2017

LNGC builder, Daewoo Shipbuilding and Marine Engineering (DSME) is soon to face a critical deadline in its fight to stay solvent. 

On 12th March, Nakilat held its AGM and an EGM to address its financial year 2016. 

Thursday, 16 March 2017

GasLog Ltd is to offer $250 mill aggregate principal amount of senior unsecured notes due 2024 in a public offering. 

MAN PrimeServ, the after-sales division of MAN Diesel & Turbo (MDT), has signed a maintenance contract with Teekay for three LNGCs. 

Thursday, 16 March 2017

Daewoo Shipbuilding & Marine Engineering has received an order to build two LNGCs for an undisclosed Marshall Islands-based shipowner, believed to be connected with John Fredriksen’s Flex LNG. 

Thursday, 16 March 2017

South Korean shipbuilder Hyundai Heavy Industries (HHI) has received an order to build an LNGC, according to the Yonhap News Agency. 

News Nudges

LNGC deliveries

There were at least three newbuilding LNGC deliveries reported in February. Maran Gas Maritime took delivery of the 173,400 cu m ‘Maran Gas Olympias’. There are still six more to come - one next year and the remaining five in 2019. Teekay LNG welcomed the third in the series of 173,000 cu m MEGI LNGCs - ‘Torben Spirit’. Finally, Chevron Transport took delivery of the 160,000 cu m ‘Asia Integrity’ last month.


Teekay declares cash dividend

Teekay GP, the general partner of Teekay LNG Partners, has declared a cash distribution of $0.5625 per unit on the Partnership's Series A preferred units for the period 1st January, 2017 to 31st March, 2017. The cash distribution is payable on 17th April, 2017 to all unit holders of record as at 31st March, 2017.


New LNG training opportunities

Poten & Partners has released new LNG training dates. * ‘LNG Liquefaction projects- a North American focus’ will be held at Houston on 22nd-24th March. * ‘LNG Trading’ is to be held in Singapore between 25th-26th May. * ‘LNG FSRU developments’ will be discussed in Houston between 12th and 14th June. * ‘Tools for effective participation in joint ventures’ will be held at Perth, WA, between 24th-25th August.