In this issue

 

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. 

Qatargas, has signed a side agreement to the existing Sale and Purchase Agreement (SPA) with Polish Oil and Gas Co (PGNiG). 

The US is forecast to become a net exporter of natural gas on an average annual basis by 2018, according to Energy Information Administration’s (EIA) Annual Energy Outlook 2017 (AEO2017). 

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.