The liquefied natural gas market experienced another expansion in the first half, while the world’s largest importer, Japan, decreased its receipt of shipments by 8.2 percent year-on-year, meaning that Japan's share of the market shrank from one-third in 2017 to just over one-fifth in 2019.
The combined nameplate capacity of US LNG projects is on track to triple to around 70 million tonnes per annum in 2020 and all six plants are expected to be operational by the end of 2019, and production will continue to ramp up in 2020.
Within the natural gas industry, the fastest growing source of supply will be LNG, which is anticipated to grow at approximately 4 percent annually, providing a flexible energy solution to meet the needs of many countries.
The liquefied natural gas shipping market is being affected by the changes that have occurred in LNG trading in recent years, with increasing demand for flexibility in supply and contracts of shorter duration.
The Coral South Floating LNG export project, whose development offshore Mozambique is led by Italian energy company Eni, begins production in 2022.
India began importing liquefied natural gas in 2004 and since then a lack of connectivity for the LNG receiving terminal infrastructure has led to supply limitations in the country standing by the increase is US LNG shipments, especially from the Cove Point plant in Maryland.
The cryogenic full-containment tanks used for storing LNG are large, complex structures with a typical capacity of between 30,000 and 200,000 cubic metres.
The world demands better commitment and greater responsibility towards sustainability and environmental protection globally. This has created a huge demand for cleaner energy such as liquefied natural gas, which has significantly lower nitrogen oxide and carbon emissions, as compared to coal and oil.
The liquefied natural gas supply market is a constant challenge for designers of floating LNG facilities, due to its ever changing requirements and needs.
A confluence of factors, both domestic and international, are driving optimism in the natural gas market.
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Sept 18 (LNGJ) - Royal Boskalis Westminster of the Netherlands said its Smit Lamnalco joint venture was awarded “a substantial 10-year contract with additional extension options” to provide integrated marine services to the first Mozambique LNG project, the Coral floating production venture being developed by Eni of Italy and partners offshore the southeast African nation.
“This marks the first terminal services contract award for the Mozambique offshore LNG developments,” said Boskalis. The contract value for the Smit Lamnalco unit amounts to around $200 million and services will start in early 2022. The Boskalis company would deploy three new 95-ton bollard pull tugs to provide escort, berthing and unberthing services to LNG carriers at the FLNG facility.
Coral FLNG is a consortium comprising Eni, ExxonMobil, China National Petroleum Corp., Korea Gas Corp., Galp Energia of Portugal and the Mozambican State Hydrocarbon Company (ENH).
Sept 17 (LNGJ) - Sembcorp Marine of Singapore said its wholly-owned and operated Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. The P-68, a newbuild FPSO vessel, has left the Brazilian shipyard and will be deployed to the ultra-deepwater Berbigao and Sururu fields in Brazil’s Santos Basin.
Sembcorp. said the vessel was constructed for Tupi BV, a consortium comprising Brazil’s Petrobras, France’s Total, Shell and Galp-Sinopec Brazil Services. EJA’s P-68 work scope includes fabricating six modules, pipe-racks and a flare, and integrating them on the vessel.
Sept 12 (LNGJ) - French LNG storage tanks technology company Gaztransport & Technigaz (GTT) said it received two separate orders from the South Korean shipyard Hyundai Heavy Industries on behalf of two Greek shipping lines, Tsakos Energy Navigation and Capital Gas Carriers.
Both vessels will have storage capacity of 174,000 cubic metres. “GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system,” said the Paris-based company. “The delivery of the ships is planned during the fourth quarter of 2021,” added GTT.
Sept 11 (LNGJ) - OLT Offshore LNG Toscana’s terminal offshore the west coast of Italy will work at 100 percent of its capacity with 41 slots being used for the Gas Year 2019-2020 with the total allocated capacity amounting to 6.3 million cubic metres. “This confirms the effectiveness of the new allocation capacity mechanism via auctions introduced in 2018, which makes the regasification sector more flexible and in line with market demands, both for the spot market and the long-term and medium-term ones,” said OLT Offshore.
The “FSRU Toscana” offshore the port of Livorno will also be increasing the small-scale services available once modifications are completed. Small-scale commercial activities are expected to begin in 2021, allowing slots for small carriers to deliver LNG into storage under construction at regional ports for services such as the provision of trucking fuel and bunkering.
Sept 10 (LNGJ) - Wison Heavy Industry Co. of Nantong in China has signed an agreement with Japan Marine United Corp. (JMU) which allows the Chinese company’s subsidiary Wison Offshore & Marine to manufacture and market JMU’s self-supporting, prismatic-shape IMO type B (SPB) LNG tank containment system.
“Together, we will provide a customized, cost-saving solution for LNG storage,” said the companies. “This SPB technology owned by JMU is well known for its LNG storage reliability and robustness since its development by IHI Corp (Japan) in the 1980s,” they added.
Sept 5 (LNGJ) - Japanese utility Saibu Gas Co., operator of the Hibiki terminal with Kyushu Electric, and a second facility in Nagasaki, has signed a heads of agreement on supplies with Novatek of Russia. “The creation of our joint venture with Saibu Gas allows us to increase the marketing flexibility of natural gas supplies and create additional opportunities for LNG sales in this important gas consuming region,” said Novatek.
Saibu and Novatek said they planned to establish a joint venture focused on marketing LNG and natural gas to end-users and to develop bunkering activities as well as constructing and operating a new LNG storage tank at the Hibiki terminal where there are currently just two tanks.
Sept 4 (LNGJ) - Monaco-based LNG shipping company GasLog said it signed a 10-year time charter with the China-led power project company Sinolam for the provision of an LNG floating storage unit (FSU) for a joint LNG import terminal and related gas-fired power project being developed at Colón on the Caribbean coast of Panama.
The time charter is expected to be fulfilled through the conversion of the “GasLog Singapore”, a 155,000 cubic metres capacity vessel with tri-fuel diesel-electric propulsion and built in 2010. “The required modifications are such that, as well as being FSU-ready, the vessel will still be able to trade as an LNG carrier following the conversion works,” explained GasLog.
Sept 3 (LNGJ) - Cheniere Energy said it had achieved substantial completion of Train 2 of the Corpus Christi liquefaction plant in Texas. “Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals has turned over care, custody and control of Train 2 to Cheniere,” said the Houston-based company.
“Cheniere, its subsidiaries and Bechtel have now declared substantial completion on seven liquefaction trains at the Corpus Christi liquefaction project and the Sabine Pass liquefaction project ahead of each train’s guaranteed completion date and within project budgets,” said Cheniere.
“Under sale and purchase agreements with Electricité de France, Iberdrola and Naturgy Energy Group of Spain, Pertamina of Indonesia and Woodside of Australia, the date of first commercial delivery is expected to occur in May 2020, upon which the term of each of these SPAs commences,” explained Cheniere.
Sept 2 (LNGJ) - HaiSea Marine, a joint venture between the Haisla First Nation and Seaspan, the Canadian maritime services company said it signed a contract with the Royal Dutch Shell-led LNG Canada project to design, build, and operate escort tugs and harbour tugs required for the export facility in Kitimat in British Columbia.
Seaspan said that the value of the contract award was around C$500 million (US$376M) over 12 years and would result in employment for around 70 mariners and six onshore staff, plus other roles for employees of the partner organizations. During operations, LNG carriers will require harbor tugs to provide berthing and unberthing assistance in Kitimat.
“Our agreement with Seaspan ensures our members will have access to employment, training, and procurement opportunities on the contract with LNG Canada,” said Crystal Smith, Chief Councillor of the Haisla Nation.
August 29 - A consortium led by China Petroleum Pipeline Engineering Corporation (CPPEC) has been chosen as the preferred bidder for the construction of an LNG terminal at Vassiliko Port in Cyprus.
The consortium, comprising Wilhelmsen Ship Management, Aktor, Metron and Hudong-Zhonghua Shipbuilding, is to build the LNG import terminal, which will include an FSRU, a mooring jetty, jetty and onshore pipelines, as well as additional ancillary facilities.
Flex LNG took delivery of the newbuilding 173,400 cu m LNGC ‘Flex Courageous’ from Daewoo Shipbuilding & Marine engineering on 27th August.
This is the sixth vessel to join the fleet. Another five newbuildings are due to join the fleet in 2020 and another two in 2021.
She is powered by a 2-stroke MEGI and fitted with a partial reliquefaction system (PRS) and claims to have an industry low boil-off rate of 0.0075%.
She has left South Korea for the Pacific Basin and following this voyage, she will be available fir employment opportunities during the fourth quarter of this year. Flex LNG said that she “will be well positioned for the winter market.”
Pakistan LNG Ltd (PLL) has replaced its most senior manager with immediate effect.
Shalid Yousef has taken up the role of Managing Director and CEO, replacing Adnan Gilani.
No reason was given for the change. PLL said in a statement; "Adnan Gilani will no longer be associated with PLL. We wish him well."
Aug 27 (LNGJ) - The 261,700 cubic metres capacity carrier “Al Ghuwairiya” is scheduled to unload a shipment on September 2 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $3.40 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $3.45 per MMBtu.
Kuwait has issued tenders to construct facilities to store LNG and convert it to gas at its Al-Ahmadi oil refinery.
According to local Kuwaiti newspaper reports, the state-owned Kuwait National Petroleum Company (KNPC) issued the tender for “the LNG storage and conversion services contract” at Al-Ahmadi, which is undergoing expansion within the country’s multi-billion-dollar clean fuel project.
Bidding for the project will close on 6th October and bidders must submit all documents specified by KNPC, the Arabic language daily Alseyassah said.
The US Federal Energy Regulatory Commission (FERC) issued a notice stating that public meetings on the environmental impact of the proposed Alaska LNG Project will be held in Utqiagvik and Trapper Creek (9th September); Nuiqsut and Houston (10th September); Healy and Nikiski (11th September) and Fairbanks and Anchorage (12th September).
Aug 1 (LNGJ) - Fleet owner Teekay LNG said it was looking forward to second-half revenues from Bahrain LNG import operations in the Gulf from its stake in the project and its 20-charter agreement for the 173,000 cubic metres capacity “Bahrain Spirit” floating storage unit (FSU).
Bahrain's first LNG terminal is near the existing breakwater at the Khalifa Bin Salman Port. It includes the FSU provided by Teekay and a regasification platform. The project is owned by four companies, including the Gulf state’s National Oil & Gas Authority, Teekay, South Korea’s Samsung C&T and the Gulf Investment Corp.
Mark Kremin, Teekay Gas Group President and Chief Executive, said he expected financial results for the second half of 2019 to improve with new charters, the delivery of another three 50 percent-owned newbuilds for the Yamal LNG project in Russia and the start-up of the Bahrain LNG regasification terminal.
July 31 (LNGJ) - The 75,000 cubic metres capacity Med-class carrier “Berge Arzew” will unload a shipment on August 2 at the Turkish import facilities at Aliaga from the Skikda plant in Algeria operated by Sonatrach, according to shipping data. The 170,050 cubic metres capacity “Hoegh Giant” will unload a cargo on August 4 at the Portuguese Sines terminal from the US Sabine Pass plant in Louisiana operated by Cheniere Energy.
The 180,000 cubic metres capacity “SK Audace” will unload a shipment on August 4 at the Manzanillo terminal on the Pacific Coast of Mexico from the US Sabine Pass plant. The 217,000 cubic metres capacity Q-Flex vessel carrier “Al Kharsaah” will deliver a cargo on August 5 to the Mina Al Ahmadi terminal in Kuwait from Ras Laffan in Qatar. The 170,050 cubic metres capacity carrier “Hoegh Gallant” will unload a shipment on August 6 at the Indian Dahej terminal re-exported from the Montoir-de-Bretagne facility on the West Coast of France.
The 174,100 cubic metres capacity carrier “Cesi Behai” will deliver a cargo on August 9 to the port of Tianjin, east of Beijing, for Sinopec from the Australia-Pacific plant in Queensland. The 210,100 cubic metres capacity Q-Flex vessel “Fraiha” will unload a Qatargas cargo on August 13 at the Shanwei terminal in the southern Guangdong province of China. The 172,000 cubic metres capacity “Vladimir Vize” will deliver a cargo on August 15 to the Chinese import facilities at Tianjin from the Yamal plant in Arctic Russia, operated by Novatek. The 173,400 cubic metres capacity carrier “Ribera Del Duero Knutsen” will deliver a shipment on August 16 to Chile’s Mejillones terminal from the US plant at Sabine Pass. The 148,300 cubic metres capacity “LNG Imo” will deliver a cargo on August 20 to the Port Qasim facilities in Pakistan from the Bonny Island plant in Nigeria.
July 30 (LNGJ) - Sembcorp Marine, the Singapore ship and offshore platform builder and and repair yard, reported a 45 percent drop in first-half turnover to S$1.54 billion (US$1.12Bln) compared with S$2.81Bln in the same six months a year ago as it gained a contract for an LNG bunkering vessel. The group narrowed its first-half net loss to S$6.8 million from a loss of S$50.3M in the same six months of last year.
“New contracts secured in the first half totaled S$175 million. They included the design and construction of a 12,000 cubic metres capacity LNG bunker vessel,” said Sembcorp, whose group order book stands at S$5.3Bln. “The low level of orders will impact negatively on production activities in the second half,” added the company.
July 26 (LNGJ) - The first cargo of LNG under the long-term contract between the Polish Oil and Gas Company and Cheniere Energy, owner of the Sabine Pass and Corpus Christi export plants in Louisiana and Texas respectively, arrived at the President Lech Kaczynski import terminal in Poland's Baltic port of Swinoujscie.
The US shipment was unloaded from the 165,000 cubic metres capacity carrier, the “Oak Spirit, after an arrival ceremony. The cargo was the 65th delivery of LNG to Poland since the start-up of the terminal in 2015. The long-term US-Poland contract, signed with Cheniere in November of 2018, will total around 39 billion cubic metres of natural gas over the 24-year period of the agreement.
“Two years ago, in this place, together with our partners from Cheniere we greeted the first ever delivery of American LNG to Poland and to this part of Europe,” said Piotr Wozniak, President of Polish Oil & Gas board, at the welcoming ceremony. Anatol Feygin, Executive Vice President and Chief Commercial Officer for Cheniere, said at the event: “This first cargo under our long-term agreement is the start of more than two decades of partnership that will bring reliable, clean, and secure energy to Poland.”
July 25 (LNGJ) - Equinor, one of the main pipeline natural gas suppliers to Europe and operator of the Hammerfest LNG export plant, reported second-quarter adjusted earnings of $3.15 billion, down from $4.31Bln a year ago and $1.13Bln after tax, a drop from $1.70Bln in the 2018 quarter. “We deliver overall solid operational performance and maintained high production in a quarter with lower commodity prices and high maintenance activity,” said Eldar Saetre, Equinor’s President and Chief Executve.
“We continue to progress our highly competitive projects delivering production growth towards 2025. Today we announce that we have improved the world-class Johan Sverdrup project even further,” added the CEO in reference to the Norwegian oil and gas field
The Johan Sverdrup venture pipelines will transport around 6 million cubic metres of natural gas per day to the Norwegian Karsto gas terminal, while the oil export pipeline will transport 660,000 barrels of oil per day to the Mongstad terminal.
July 23 (LNGJ) - Stolt-Nielsen, the Norwegian shipping and services company, has launched the first of two 7,500 cubic metres capacity liquefied natural gas carriers ordered from the Keppel Nantong Shipyard in China.
The ship was designed for Stolt-Nielsen by Marine Engineering Services (MES) of Italy. The Italian firm said in a statement that the China-built vessel was launched during the night of the 20th of July. This following a ceremony in the present of construction stakeholders such as MES, the Keppel Nantong, Stolt-Nielsen and European maritime classification society DNV-GL.
The ship is expected to start serving small-scale LNG projects, including one on the Italian island of Sardinia, being developed by Stolt-Nielsen through the subsidiary Avenir LNG, a joint venture established with larger Norwegian shipping peers, Golar LNG and Hoegh LNG.
July 19 (LNGJ) - McDermott International of the US said it was awarded a contract by Argentine energy company YPF to provide pre-front-end engineering and design services for an LNG liquefaction facility with 5 million tonnes per annum of output and with potential expansion to 10 MTPA in the Vaca Muerta Shale Basin in northwest Argentina.
“The scope of work is a continuation of a previous conceptual study developed for the YPF LNG Export Facility in Argentina under a contract in 2018,” said McDermott.
The engineering firm said its London office would provide engineering services while the Houston office would perform project management and cost estimations.
“The award of this Pre-FEED project is a testimony of McDermott's technical expertise in LNG and our successful partnership with YPF over the years,” said Mark Coscio, McDermott's Senior Vice President for North, Central and South America.
July 17 (LNGJ) - Gasum, the natural gas and LNG operator in Finland, posted a 6 percent drop in first-half profits to 48.8 million euros ($54.6M) compared with 51.9M euros in the same six months of 2018 even as revenues rose 5.9 percent to 632.5 euros versus 597.5 euros in the 2018 period. Gasum said its second joint venture LNG terminal, the Manga Tornio facility, was opened in June, providing a response to growing demand for low-emission LNG and strengthens security of supply in the northern parts of the Nordic countries.
July 11 (LNGJ) - Russian natural gas company and Yamal LNG plant operator Novatek and JSC Atomenergomash, a mechanical engineering division of Russia’s nuclear body Rosatom State Corp., have signed a memorandum of understanding on forming a strategic partnership for localizing the fabrication of equipment for LNG production
The accord notes the results already achieved on the fabrication of coil-wound heat exchangers and medium-tonnage cryogenic pumps and establishes obligations for both parties to cooperate on the design, manufacture and testing of high-tonnage cryogenic pumps. Novatek and Atomenergomash said they intended to pursue long-term cooperation to localize the fabrication of pumps, heat exchangers and other equipment for Novatek’s LNG projects at the facilities of Atomenergomash, which manufactures components for all Russian-design nuclear power plants currently under construction in Russia and elsewhere.
July 8 (LNGJ) - Chubu Electric Power has decided to offer a 10-year bond worth 20 billion yen ($185 million) and a 20-year bond at 10 billion yen in domestic corporate transactions. The fossil fuel and LNG assets of Chubu and Tokyo Electric Power Co. are now run by their Jera Co Inc. joint venture as part of the reforms in the Japanese energy market. Chubu, based in Nagoya, and Tepco still run their own electricity transmission, distribution and retail businesses, and their nuclear plants.
July 2 (LNGJ) - Gaztransport & Technigaz (GTT), the French LNG storage technology company, said it received an order from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of four new LNG carriers on behalf of the Greek ship-owner Maran Gas.
The delivery of the ships each with 174,000 cubic metres capacity is planned between the end of 2021 and early 2022. “We are very pleased to continue our partnership of excellence with DSME and Maran Gas with this considerable new order,” said Philippe Berterottiere, Chairman and Chief Executive of GTT.
June 27 (LNGJ) – Gassco, the Norwegian natural gas pipeline operating company and a main competitor to LNG, has elected Jan Skogseth as its new Chairman of the board at the general meeting in Oslo. He takes over after Mimi Berdal, who has been a director since 2007 and Chairwoman of the board since 2016. Skogseth has more than 35 years of experience in the oil, gas and renewables industry, both in Norway and internationally. He was President and Chief Executive of Aibel from 2008 to 2017, and played a key role in establishing a new presence for the Norwegian oil and gas services and engineering company on several continents.
June 18 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Tembek” is scheduled to unload a shipment on June 24 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $3.90 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $3.80 per MMBtu
June 14 (LNGJ) - French maritime storage technology company GTT said it received an order from the South Korean shipyard Hyundai Heavy Industries for tank designs for two LNG carriers on behalf of the Greek shipowner Dynagas. Each vessel will have 180,000 cubic metres capacity and be equipped with GTT’s Mark III Flex-plus containment system. The vessels are scheduled for delivery in the first half of 2022.
June 10 (LNG) - Gazprom Chairman Alexey Miller and his counterpart at China National Petroleum. Corp, Wang Yilin, have held talks in St. Petersburg on the ongoing preparations for the start of Russian pipeline gas supplies to China via the eastern “Power of Siberia” project due to start up on December 1.
“The construction of the border-adjacent Atamanskaya compressor station, which will maintain the required pressure during gas deliveries to China, is nearing completion,” said Miller. Gazprom said that they also discussed cooperation between the companies in the areas of gas-fired power generation, underground gas storage and use of natural gas as a vehicle fuel.
June 7 (LNGJ) - Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, said its listing on the New York Stock Exchange would take place on June 17.
The company, already listed on the Oslo exchange, said the company's ordinary shares had been approved for listing and would commence trading on the NYSE under the ticker name “FLNG”. No new shares have been issued in connection with the listing.
June 5 (LNGJ) - Equinor, the Norwegian major and the operator of Europe’s only baseload LNG export plant at Hammerfest, has been awarded five licences by the Oil and Gas Authority of the UK, four as operator and one as partner.
“We are pleased to have been awarded these licences in the 31st Offshore Licensing Round,” said Nick Ashton, senior vice president for Equinor exploration in Norway and UK. The licences are in the Moray Firth and East Shetland Platform, expanding upon its current position in these areas of the North Sea.
“These awards in this frontier licensing round are important in continuing our high level of exploration activity on the UK Continental Shelf in support of our ambition to be a leading energy provider to the UK,” added Ashton.
May 31 (LNGJ) - Malaysian energy company Petronas said total LNG sales volumes for the first quarter were 8.45 million tonnes, slightly higher than the 7.92MT recorded in the same three months of 2018 because of higher volume from the onshore Bintulu LNG plant in Sarawak and higher trading activities. The group recorded revenues of 62.0 billion Malaysian ringgit ($14.79Bln) for the first quarter, an increase of 7 percent from the 2018 quarter.
First-quarter profit after tax came to 14.2Bln billion ringgit ($3.38Bln), a rise of 9 percent on the back of higher revenue. The Malaysian company said average gas volume sales were 2,962 million standard cubic feet per day, above the 2,806 million standard cubic feet per day reported in the same quarter last year, mainly due to higher demand from the power sector.
May 24 (LNGJ) - JAX LNG, a small-scale liquefied natural gas facility located at Dames Point in Jacksonville, Florida, has held a ribbon-cutting ceremony for the start-up of the newly constructed plant. JAX LNG is the first small-scale plant in the US with both marine and truck-loading capabilities and was constructed through a joint venture between Pivotal LNG and NorthStar Midstream.
“Pivotal is committed to transforming the nation's energy landscape by leading the way in how we supply liquefied natural gas to our customers,” said Tim Hermann, President of Pivotal LNG. “With our partners NorthStar, we've implemented innovative solutions to make clean, safe, reliable and affordable LNG available to marine and inland customers that can be served from the port of Jacksonville,” added Hermann.
May 22 (LNGJ) - The 210,000 cubic metres capacity Q-Flex carrier “Onaiza” is scheduled to unload a shipment on May 27 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $3.75 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.15 per MMBtu.
May 16 (LNGJ) - The 261,700 cubic metres capacity Q-Max carrier “Al Ghuwairiya” is scheduled to unload a shipment on May 4 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.10 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at the equivalent of around $4.05 per MMBtu.
May 14 (LNGJ) - French LNG storage technology firm GTT has received an order from the South Korean shipyard, Daewoo Shipbuilding Marine Engineering, concerning the tank design of two new 174,000 cubic metres capacity LNG carriers on behalf of the Greek ship-owner, Maran Gas. The delivery of the ships is planned for the first half of 2021.
“We are very pleased to continue our partnership of excellence with DSME with this new order for Maran Gas,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
May 9 (LNGJ) - Australian LNG operator Santos said its Barossa natural gas project offshore the northwest coast had strengthened its position as the leading candidate to extend the lifespan of the Darwin LNG export plant in the Northern Territory as the Adelaide-based company awarded the subsea production system contract for the gas field.
“Following a competitive tender, Technip Oceania Pty Ltd was the successful bidder. The engineering, procurement and construction contract represents a commitment to long-lead items in advance of a final investment decision,” said Santos. The contract includes the engineering, design and fabrication of wellheads, manifolds and control systems as well as installation and commissioning assistance.
May 7 (LNGJ) - GTT, the French LNG storage technology, has received an order notification from the South Korean shipyard of Hyundai Heavy Industries for the tank design of a new 174,000 cubic metres capacity carrier on behalf of the Greek shipowner, Capital Gas Carriers. The vessel will be fitted with the Mark III Flex membrane containment system.
The delivery of the ship is planned for the third quarter of 2021. “We are very happy to receive this new order from our long-term partner HHI and to continue to accompany Capital Gas Carriers in its development in the LNG industry,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
May 1 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Kharsaah” is scheduled to unload a shipment on May 4 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery was headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.45 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.75 per MMBtu.
April 30 (LNGJ) - Flex LNG said it signed a sale-charterback transaction with Hyundai Glovis Co. of South Korea, a logistics company that normally specializes in car-shipping vessels, for the LNG carriers “Flex Endeavour” and “Flex Enterprise”. Under the agreement, Flex LNG will sell the vessels to Hyundai Glovis for a combined gross sum of $420m, with a net consideration of $300M adjusted for a non-interest bearing seller's credit of $120M in total.
Flex explained that both carriers would then be charted back for a period of 10 years. Flex will have options to acquire the vessels during the term of the time-charters. At the end of the 10-year charter period, Flex will have the right to acquire the vessels and Hyundai Glovis will have the right to sell them back to Flex for a total consideration of $150M, net of the $120m seller's credit.
April 26 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Huwaila” is scheduled to unload a shipment on May 2 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery is headed for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.10 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.71 per MMBtu.
April 23 (LNGJ) - The 266,000 cubic metres capacity Q-Max carrier “Al Mayeda” is scheduled to unload a shipment on April 26 at the UK South Hook terminal at Milford Haven in Wales from the Ras Laffan plant in Qatar, according to port authorities. The delivery will head for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $4.35 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at the equivalent of around $4.75 per MMBtu.
April 16 (LNGJ) - ConocoPhillips said it completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million that was previously the focus for an Australian-based LNG export project. “We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, Chief Operating Officer.
“ConocoPhillips recognizes the importance of the Greater Sunrise Fields to the nation of Timor-Leste, and this sale gives them a significant working interest in this important development,” added Fox. The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise Fields, are located in the Timor Sea.
April 12 (LNGJ) - LNG Canada, the Royal Dutch Shell-led joint venture in British Columbia, said that Chief Executive Andy Calitz would step down on July 1 to be replaced by another Canada-based Shell executive Peter Zebedee. The announcement comes six months after LNG Canada’s positive final investment decision to build the export plant near the town of Kitimat. Calitz and successor Zebedee have worked for Shell for much of their careers.
Calitz, who was educated and began his energy industry career in South Africa, began working for Shell in 1996 and has led the LNG Canada project for six years. He is scheduled to return to Shell’s headquarters in The Hague when he leaves his post. Zebedee currently works for Shell in the Canadian city of Edmonton in Alberta and will relocate to BC.
April 11 (LNGJ) - Swiss company Burckhardt Compression said it was awarded a contract to equip a 30,000 cubic metres capacity LNG carrier operated by Knutsen OAS Shipping of Norway with its Laby brand of compressors. Burckhardt said the compressors would be delivered to the South Korean Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wartsila Oil & Gas Solutions of Finland. Wartsila is supplying the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel.
“The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel, allows both natural gas and marine diesel to be used as fuel for ship propulsion systems,” said Burckhardt. “Ship operators can switch between the two fuel types, maritime diesel and the boil-off gas that inevitably evaporates from LNG storage tanks, during operation,” added the Swiss company.
April 10 (LNGJ) - JERA Global Markets, the merged trading entity of JERA of Japan and French firm EDF Trading, launched its LNG activities with the purchase of an cargo from Woodside Energy Trading of Singapore. The cargo will be sourced from the Wheatstone LNG project in Western Australia and will be delivered to one of JERA’s LNG terminals in Japan during May. “We are delighted to be up and running as JERA Global Markets and the team and I look forward to expanding our LNG activities in the Asia-Pacific region,” said Kazunori Kasai, Chief Executive Officer, JERA GM.
April 9 (LNGJ) – The Japanese government’s 8th LNG Producer-Consumer Conference will be held on September 26 in Tokyo, jointly hosted by the Asia Pacific Energy Research Centre. The conference was first held in 2012 and the 2018 event was attended by over 1,000 representatives of governments, international energy organizations and companies involved in the LNG industry.
“The conference will provide the participants including ministers, heads of international organizations, corporate executives and other stakeholders with a venue for sharing the latest trends in the global LNG market and discussing opportunities and challenges,” said the Ministry of the Economy, Trade and Industry. It will be held again this year at the Convention Center of the Grand Prince Hotel New Takanawa in Minato-ku, Tokyo.
April 5 (LNGJ) - The American Bureau of Shipping granted approval in principle to two new gas carrier designs from Hudong-Zhonghua Shipbuilding of China. The two new vessel designs are for a 200,000 cubic metres capacity LNG carrier and a 147,000 cubic metres capacity Very Large Ethane Carrier.
“ABS is proud to support the pioneering work of Hudong Zhonghua in the design and delivery of gas carriers,” said Eric Kleess, ABS Senior Vice President for Eastern Hemisphere Operations. “In reviewing novel gas carrier designs, ABS is able to draw on our extensive experience in classification, supporting the safer handling, storage and transport of gas,” added Kleess.