Norwegian quoted LNGC owner Awilco LNG (ALNG) has narrowed its losses to $4.2 mill in the third quarter of this year, down from $11.5 in the second quarter and a $36.3 mill loss reported for 2015.
Dynagas LNG Partners has announced that distributable cash flow during the three and nine months ended 30th September, 2016 was $23 mill and $68.3 mill, respectively.
Sovcomflot (SCF Group) recently celebrated its 10th anniversary as an independent operator of gas carriers.
Yamal’s new port port - Sabetta - will be ready to test its berthing system in the first quarter of next year, Leonid Mikhelson, NOVATEK chairman told Russian President Vladimir Putin, according to NovyPort, the Russian news service.
Parker Bestobell Marine, a supplier of cryogenic valves, has secured a $5 mill order to supply equipment to nine more Yamal LNGCs.
The world's first double acting icebreaking LNGC was due to leave Daewoo on Tuesday for trials in the Arctic Sea.
Qatar Petroleum (QP) has established a new marketing entity - Ocean LNG - to manage its future LNG supply portfolio sourced outside of Qatar.
Indian state-owned energy firm GAIL cancelled a build-and-operate tender for up to 11 LNGCs last month, three of which would have been built in India.
Pakistan LNG has launched two tenders to purchase up to 240 shipments of LNG.
Teekay LNG Partners reported a GAAP net income of $50.1 mill and adjusted net income of $32.1 mill in the third quarter of 2016, compared with $7.5 mill and $37.1 mill for 3Q15, respectively.
Undeterred by the prevailing weak market situations, MISC was able to attain positive financial results in the third quarter of this year and has made notable strides in its business performance, the Petronas subsidiary claimed.
Dynagas LNG Partners has signed a new long term time charter agreement with Gazprom Marketing & Trading Singapore for the 2007- built 150,000 cu m steam turbine LNGC ‘Clean Energy’.
Global Eagle Entertainment (GEE) and Radiance Communications are deploying marine VSAT services on Nakilat’s fleet of LNG and LPG carriers.
Nakilat has taken over the management of the Q-Max LNGCs ‘Mozah’ and ‘Mekaines’ from Shell International Trading and Shipping Company Limited (STASCO).
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.