In this issue

 

Thursday, 08 December 2016

Golar LNG has suffered a third quarter 2016 operating loss of $28.3 mill, compared to a loss of $37.2 mill in the previous quarter. The net loss was $23.9 mill.

Thursday, 08 December 2016

David Furnival of Bernhard Schulte Ship Management has been appointed SIGTTO President, succeeding TOTAL’s Luc Gillet who has stepped down following a three-year term.

Thursday, 08 December 2016

RasGas has delivered its first LNG cargo to the Dunkerque LNG regasification terminal, located in France.

Thursday, 08 December 2016

Houston-based Cheniere Energy is preparing to send its first LNG cargoes from the Sabine Pass export terminal on the US Gulf Coast to Asian customers.

Thursday, 08 December 2016

Around 300 spot fixtures are expected to be concluded this year, a significant rise from around 190 voyages concluded last year, Golar LNG said in a market commentary.

Thursday, 08 December 2016

Sempra Energy’s LNG subsidiaries have filed applications with the US Federal Energy Regulatory Commission (FERC) for permission to site, construct and operate the proposed Port Arthur LNG liquefaction facility along the Sabine-Neches Waterway in Southeast Texas.

Thursday, 08 December 2016

The US Liquefied Gas Carrier National Centre of Expertise (LGC NCOE) recently delivered a three-day LNG training seminar to the Panama Canal Authority, Panamanian Government and local first responders.

Cochin Shipyard’s (CSL) bid to build a larger drydock at its shipyard at Thevara, which will enable it to construct large LNGCs, has been granted environment and CRZ clearance from the Indian Union Ministry of Environment, Forest and Climate Change.

The Harris Pye Engineering Group has been awarded a contract by an unnamed Chinese LNG company to convert six large LNGCs to burn low sulphur diesel oil (LSDO), with options for further conversions.

Thursday, 08 December 2016

Keppel Shipyard Limited has begun ordering long lead items (LLI’s) required for the conversion of a GasLog or GasLog Partners LP LNGC into an FSRU.

Thursday, 24 November 2016

In its third quarter results presentation (see page 5), Höegh LNG gave a glimpse into the future of FSRUs and LNGCs.

Centrica has signed a Memorandum of Understanding (MOU) with Tokyo Gas, Japan’s largest natural gas utility, aimed at consolidating their respective gas cargoes.

Golar LNG Limited has closed its increased registered offering of 7,475,000 shares of its common stock.

Thursday, 24 November 2016

Golar Power has claimed to have reached a milestone in the Brazilian Sergipe Project with the signing of a long-term LNG sale and purchase agreement (SPA).

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.