In this issue

 

Thursday, 16 February 2017

During the last 10 years, the Russian Maritime Register of Shipping (RS) has been continuously developing its competence in LNGCs, it claimed. 

Thursday, 16 February 2017

Shell Eastern Petroleum and Pavilion Gas are to start supplying LNG to Singapore later this year under contracts awarded in 2016. 

Thursday, 16 February 2017

JERA, the Japanese energy giant, purchased LNG from the contiguous US for the first time at the beginning of January this year. 

Thursday, 16 February 2017

LNGC and tanker owner and operator, MISC, has reported that group revenue for the fourth quarter of last year was 24% lower than the corresponding period revenue a year earlier. 

Golar LNG Limited is to offer, subject to market and other conditions, $350 mill aggregate principal amount of convertible senior notes, due 2022. 

Thursday, 16 February 2017

DNV GL now claims to be the lead class society for FSRUs. 

LNG membrane tank containment specialist, GTT has won another two orders and signed a service agreement with a major owner. 

Thursday, 16 February 2017

Singtel completed the installation of Inmarsat’s Fleet Xpress (FX) on board Hyproc Shipping Co’s newly delivered LNGC, ‘Tessala’ at the end of December, 2016. 

Thursday, 16 February 2017

French shiprepairer CNM and LNG membrane technology specialist Europe Technologies (ET) are to offer a complete solution for LNG membrane cargo tank repair services for LNGCs, FSRUs and in the future, for vessels fitted with membrane tanks for LNG fuel. 

Thursday, 16 February 2017

Swiss commodity trader Trafigura plans to reopen an LNG import terminal at Teesport, Teesside, Northeast UK. 

Thursday, 16 February 2017

Training provider Marine Catering Training Consultancy (MCTC) has signed a two-year contract with EXMAR Ship Management to provide crew training on board 34 gas carriers. 

Thursday, 02 February 2017

GasLog Partners reported its highest ever quarterly revenue, profit, adjusted profit, EBIDTA and distributable cash flow for the fourth quarter of last year. 

Thursday, 02 February 2017

Teekay LNG Partners has issued NOK300 mill (about $35 mill) worth of new senior unsecured bonds. 

This was achieved through an add-on to its existing Norwegian bond issue, due in October, 2021. 

Thursday, 02 February 2017

Höegh LNG successfully completed a new senior unsecured bond issue of NOK1,500 mill in the Nordic bond market with maturity date 1st February, 2022, a couple of weeks ago. 

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.