In this issue

 

Excelerate Energy has signed a long-term sale and leaseback deal involving the FSRU ‘Experience’ with a wholly owned subsidiary of CMB Financial Leasing.

The joint venture behind the China FOB Transportation project took delivery of the LNGC ‘CESI Qingdao’ from Hudong-Zhonghua Shipbuilding on 6th January.

Thursday, 05 January 2017

Qatar Petroleum (QP) has announced plans to merge giant LNG producers Qatargas and RasGas.

Thursday, 05 January 2017

Mitsubishi Corp (MC) has announced plans for a new LNGC to be deployed for the US Cameron LNG project.

Novatek has signed Memorandums of Understanding (MoU) with Mitsubishi and Mitsui.

Thursday, 05 January 2017

NextDecade Global Solutions, a subsidiary of NextDecade and FLEX LNG have signed a Heads of Agreement (HOA) to create a vehicle for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Thursday, 05 January 2017

A wholly-owned subsidiary of GasLog Ltd has agreed a sale and purchase agreement (SPA) to acquire a 20% shareholding in Gastrade.

Thursday, 05 January 2017

Höegh LNG has signed an FSRU contract with Global Energy Infrastructure Limited (GEIL) for GEIL's LNG import project in Port Qasim, near Karachi, Pakistan.

Thursday, 05 January 2017

Last month, the ABS-classed ‘Ethane Crystal’, the world’s first Very Large Ethane Carrier (VLEC), loaded her first ethane cargo at Enterprise Products Partner’s Morgan’s Point Terminal.

Centrica has signed a five year sales and purchase agreement (SPA) with Japanese utility JERA, the world’s largest buyer of liquefied natural gas (LNG).

Qatari LNG exporter RasGas delivered the first LNG cargo at the Fluxys-operated Zeebrugge LNG terminal’s second receiving jetty last month.

DSME and Kongsberg Maritime have signed a joint development agreement (JDA) for a new LNG FSRU regasification control system.

Thursday, 05 January 2017

French energy Giant ENGIE has inaugurated Turkey’s first floating LNG import terminal in co-operation with construction companies Kolin and Kalyon.

Thursday, 05 January 2017

On the 25th November, 2016 Europe Technologies Group signed a Memorandum of Agreement (MOU) with the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited (SRDC).

News Nudges

HHI uses glycol for FSRUs

Hyundai Heavy Industries (HHI) has demonstrated the installation of LNG regasification system using glycol on a 170,000 cu m FSRU. The demonstration, attended by shipowers and major class societies, was held at HHI’s Ulsan shipyard. As the glycol regasification process is salt free, unlike systems that use seawater, it can minimise equipment corrosion, including heat exchangers and it can also lower the risk of explosion that a propane system may be exposed to, the company claimed. Following the granting of an AiP from Lloyd’s Register last month and both internationally and domestically patented recently, HHI is also in the process of receiving recognition from other major class societies.


Daewoo to deliver two Yamal LNGCs this year

Daewoo expects to deliver two more ice class LNGCs for Russia’s Yamal LNG project this year, a company spokesman told Reuters. The first ‘Christophe de Margerie’ was recently delivered to Sovcomflot (see page 2). The remaining 14 LNGCs for Yamal are all due to be delivered by 2020, including two this year, the spokesman reportedly said. The Yamal LNG project, which is scheduled to start production in October this year, is jointly owned by Russian gas producer Novatek, Total, China’s CNPC and the Silk Road Fund. It is expected to produce 16.5 mill tonnes of LNG per year at three production trains of 5.5 mill tonnes capacity each. LNG will be shipped to Asia from July to December via the Northern Sea Route, but can be delivered to Europe year-round.


Petronas FLNG loads first cargo

Petronas ‘PFLNG Satu’ loaded its first cargo at the Kanowit gas field, offshore Miri, Sarawak on 1st April. The first cargo was shipped on board the LNGC ‘Seri Camellia’, which was due to deliver the cargo to a South Asian terminal. “This accomplishment effectively demonstrates Petronas’ proven technology and capability of adapting a conventionally land-based installation to a floating LNG facility, a game-changer in today’s LNG business landscape,” said Petronas President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin. ‘PFLNG Satu’ was designed to operate in water-depths of between 70 and 200 m. She has a processing capacity of 1.2 mill tonnes per annum. Petronas has another FLNG under construction in South Korea, which was initially scheduled for delivery in 2018 but was subsequently postponed to an undisclosed date.


Teekay LNG in cash distribution

Teekay GP, the general partner of Teekay LNG Partners, has declared a cash distribution of $0.14 per unit for the quarter ended 31st March, 2017. The cash distribution is payable on 12th May, 2017 to all unit holders of record on 5th May, 2017.