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In this issue

 

Korea Gas Corp (KOGAS) said it received its first cargo containing 60,000 tonnes of LNG, from the GLNG project in Gladstone.

Thursday, 12 November 2015

CSSC Wärtsilä Engine (Shanghai) (CWEC) held a ground breaking ceremony for its new engine factory on 28th October.

Danish security concern Risk Intelligence has launched PortRisk, a service providing intelligence on risk in ports available on demand.

In what could be a boost for Asian LNGC trading, Singapore-based Pavilion Energy has signed a 10-year sales & purchase agreement to buy LNG from a Gazprom subsidiary.

Thursday, 12 November 2015

Golar LNG has won a firm contract to provide West African Gas (WAGL) with an FSRU to support Ghana’s LNG import operations.

Friday, 27 November 2015

April 23 (LNGJ) - Toho Gas, the Japanese city-gas company, has signed a second agreement to purchase LNG cargoes from the Cameron LNG export plant being built in Louisiana by US energy company Sempra, France's GDF-Suez and Japanese trading houses Mitsubishi and Mitsui.  Under its latest deal, Toho will buy 200,000 tonnes per annum of LNG for 20 years from Mitsubishi's plant offtake at the US benchmark Henry Hub natural gas price. Deliveries will begin in 2018. Toho has an existing accord with Mitsui for 500,000 tonnes of LNG in total. In both deals the sellers will supply the ships and deliver the cargoes to Toho's import terminals to supply the Tokai region of west and central Japan.

Meridian LNG, controlled by Canadian equity fund West Face Capital Inc., and E.ON Global Commodities (EGC), the trading unit of the Germany-based utility, have entered into a 20-year sales agreement for LNG to be delivered into a new UK regasification terminal in Cumbria, northwest England.

The first liquefied natural gas-fuelled ferry to be deployed in North American waters has arrived in the Canadian province of Quebec where it will operate on the Saint Lawrence River.

Friday, 27 November 2015

April 24 (LNGJ) - Energy and LNG engineer company Chicago Bridge and Iron posted net income for the first quarter of $132.2 million, an increase of 40 percent compared with the same period in 2014. Revenue amounted to $3.1 billion, up from $2.9Bln, from the year-ago period. New contract  awards for the first quarter totalled $3Bln, taking the backlog up to $30Bln

Nordic liquefied natural gas operator Skangass said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori.

GDF-Suez, the European utility and LNG player, has rebranded itself and will now be known as ENGIE to reflect the "profound change" in the energy world.

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.