This week

Seven energy trends identified
in oil price recovery and LNG

The Japanese LNG long-term contract price will remain a reliable reference as supply capacity exceeds demand in 2019 and 2020 and spot and short-term prices will follow a crude oil price trend with a certain time lag as oil recovers and Chinese LNG needs hit 60 million tonnes.

Latest News
French energy major Total said it expected to approve plans for increased oil and gas activities in Nigeria in the coming months and is also hoping to…
The Australian Gas Infrastructure Group (AGIG), one of the nation’s largest natural gas network and transmission companies, has successfully commissioned the Pluto Inlet Station, the new facility…
NextDecade Corp., the developer of the Rio Grande liquefied natural gas export project in Texas, has held two public events to gather support for its second Texan…
Elengy, the main French LNG terminal operator, said it was preparing the launch in February of a sale of 10-year access capacities for the Fos Tonkin import…
Steelhead LNG, developer of the near-shore export plant proposed for Vancouver Island, is currently investigating the pipeline route to bring feed-gas from the Chetwynd area of northeast…
Kinder Morgan said it expected to provide about 40 percent of the volumes for current and future LNG and pipeline exports as it remained on schedule to…
Tellurian Inc., developer of the Driftwood LNG export project in Louisiana, said it expected to start construction near the Lake Charles site in the first half of…
Sempra Energy, the California-based utility, is making good progress on the commissioning process for the first liquefaction Train and other facilities at the Cameron LNG export plant…
US LNG exports were slightly lower in the past week as natural gas day-ahead and futures prices jumped after colder weather swept across the nation and domestic…
Singapore LNG cargo indices maintained their seasonal declines as the March average was under US$7.70 per million British thermal units and April cargo quotes made an appearance…
Gasum, the natural gas network owner in Finland and an LNG distributor and regasification terminal operator through its subsidiary Skangas, has sold its technical unit to the…

US LNG cargo for UK

Jan 22 (LNGJ) - The 161,880 cubic metres capacity carrier “BW Pavilion Leeara” will deliver a US cargo on January 29 to the UK South Hook import terminal at Milford Haven in Wales from the Sabine Pass plant in Louisiana, according to the port authority. The shipment was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.50 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $7.25 per MMBtu.

UK cargo from Zeebrugge

Jan 21 (LNGJ) - The 173,400 cubic metres capacity carrier “Patris” will deliver a cargo on January 23 to the UK South Hook import terminal at Milford Haven in Wales from Zeebrugge in Belgium, according to the port authority. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.85 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $7.55 per MMBtu.

Tank orders for GasLog

Jan 18 (LNGJ) - GTT, the French liquefied natural gas storage tank technology company, said it received an order from the South Korean shipyard, Samsung Heavy Industries for the tank design of two LNG carriers on behalf of the Monaco-based fleet owner GasLog. The vessels will have storage capacity of 180,000 cubic metres and will be fitted with the GTT Mark III Flex-plus containment system. The two carriers will be delivered by the Samsung yard in the second and third quarters of 2021. “We are pleased to receive this new order from two long-term partners, SHI and Gaslog, which confirms the success encountered by our latest Mark III technology evolution,” said GTT Chairman and Chief Executive Philippe Berterottiere.

Maryland LNG for UK

Jan 18 (LNGJ) - The 165,000 cubic metres capacity carrier “Arwa Spirit” will deliver a US cargo on January 21 to the UK South Hook import terminal at Milford Haven in Wales from the Cove Point plant in Maryland, according to the port authority. The shipment was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $8.00 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $7.65 per MMBtu.

Tenerife LNG bunkering

Jan 17 (LNGJ) - Dutch shipping line Anthony Veder said its small-scale LNG carrier, the 7,500 cubic metres capacity “Coral Methane”, has successfully carried out its first liquefied natural gas bunkering operation on the world’s first LNG-powered cruise ship at Santa Cruz de Tenerife in the Spanish Canary Islands. The “Coral Methane” fueled the “AIDAnova”, the newest ship from AIDA Cruises, which made history as the cruise industry’s first ship to be powered at sea and in port by LNG. “We believe LNG is today’s most sustainable marine fuel,” said Klaas Kerssemakers, Chief Operating Officer of Anthony Veder. “The delivery of ‘Coral Methane’ as an LNG bunker vessel, in partnership with Shell, underlines our dedication to LNG and marks the next step in our contribution to a sustainable supply chain,” added Kerssemakers.

LNG cargoes for China

Jan 16 (LNGJ) - China is receiving ample January LNG shipments as about 20 carriers proceed to the network of import terminals with cargoes from nations such as Qatar, Nigeria, Australia and the US. Among the planned shipments, the 160,000 cubic metres capacity vessel “Arctic Aurora” is scheduled to unload a cargo on January 18 at the Ningbo facility in Zhenjiang province from the Queensland Curtis plant in Australia, according to shipping data. The 174,100 cubic metres capacity “Cesi Gladstone” will unload a shipment on January 21 at the northeast port of Tianjin from the Australia-Pacific LNG plant in Queensland.

   The 148,300 cubic metres capacity carrier “LNG Ondo” will deliver a cargo on January 24 to the Qidong terminal in Jiangsu province from the Nigeria LNG plant on Bonny Island. The 170,050 cubic metres capacity carrier “Hoegh Giant” is scheduled to arrive on January 25 at the Chinese port of Tianjin with a cargo from the US Sabine Pass plant in Louisiana. The 266,000 cubic metres capacity Q-Max carrier “Al Dafna” will deliver a cargo on January 25 to PetroChina’s Tangshan terminal in northeast Hebei province from Ras Laffan in Qatar. The 210,100 cubic metres capacity Q-Flex vessel “Al Ruwais” will deliver a Qatargas cargo on January 28 to the Tangshan facility. The 145,700 cubic metres capacity carrier “LNG Benue” is also scheduled to arrive at Tangshan with a Nigerian cargo on January 29.

Q-Flex for UK Jan 19

Jan 15 (LNGJ) - The 210,100 cubic metres capacity Q-Flex carrier “Al Ghariya” will deliver a cargo on January 19 to the UK South Hook import terminal at Milford Haven in Wales from Ras Laffan in Qatar, according to the port authority. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $7.40 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $7.27 per MMBtu.

Crowley LNG success

Jan 14 (LNGJ) - Crowley Maritime Corp. said its new combination LNG-powered container-roll-on roll-off ship, the “Taino”, successfully completed its first voyage to Puerto Rico after receiving fuel for the first time at the Eagle LNG bunkering station in the Florida port of Jacksonville and departing on January 8. “The successful transit puts a historic capstone on the company’s Commitment Class modernization project and begins a new era of world-class supply chain services between the island commonwealth, the US mainland and the Caribbean Basin,” said Crowley. The ship is the second to have entered service after being constructed with LNG propulsion at the VT Halter Marine shipyard in Pascagoula in the state of Mississippi.

US weekly exports

Jan 11 (LNGJ) - US LNG exports were stable over the past week as 10 LNG vessels departed from the three liquefaction and export plants in operation, seven from Sabine Pass in Louisiana, two from Cove Point in Maryland and one from Corpus Christi in Texas. The 10 vessels had a combined LNG-carrying capacity of 36.2 billion cubic feet and one other carrier was lifting a cargo from Cheniere Energy’s Sabine Pass through January 10, according to the weekly natural gas report from Energy Information Administration. US LNG exports reached a new record high in December 2018 when 36 cargoes were exported, including the first from the Corpus Christi plant on December 11.

Florida LNG bunkering

Jan 10 (LNGJ) - Eagle LNG, a subsidiary of Ferus Natural Gas Fuels, said it supplied fuel to the Crowley Maritime Corp. vessel “Taino”, the second of two of the world’s first combination container and roll-on-roll-off ships powered by LNG. The “Taino” was refueled at the Eagle LNG shoreside bunkering depot at Jacksonville port in Florida before starting service on the Puerto Rico trade route. The “Taino”, built at the VT Halter Marine shipyard at Pascagoula in Mississippi, is joining its sister ship “El Coqui” to provide fast and environmentally-friendly shipping between Florida and the US territory in the Caribbean at a cost of $550 million, including port upgrades.

TransCanada name change

Jan 9 (LNGJ) - TransCanada Corp., the pipeline company with natural gas and other infrastructure in Canada, the US and Mexico has decided to change its name to TC Energy “to better reflect the scope of the company’s operations” as a leading North American energy player. TransCanada’s shareholders will be asked to approve a special resolution to change the name at the company’s next annual meeting to be held in the second quarter of 2019. “TC Energy better reflects the breadth of our business and acknowledges our proud history of safely and responsibly delivering the energy that millions of North Americans rely on every day,” said Russ Girling, TransCanada’s President and Chief Executive. “We believe the name TC Energy clearly articulates our complete business - pipelines, power generation and energy storage operations - and reflects our continued continental growth,” added Girling.

ABS opens new HQ

Jan 9 (LNGJ) - The American Bureau of Shipping, the US classification society offering services for vessels and projects in LNG and other sectors, has formally opened its new global headquarters in the town if Spring in Texas. The HQ is a 10-storey, 326,800-sq-ft building housing employees from ABS and its affiliated companies. “This is a significant milestone in our 157-year history and reaffirms our commitment to provide industry-leading safety and practical technology solutions for marine and offshore industry challenges,’’ said ABS Chairman, President and Chief Executive Christopher J. Wiernicki. “A five-year journey that started as an idea has now culminated in a building reflecting our leadership position and our continued vision for growth,” he added.

Spain and Portugal LNG

Jan 8 (LNGJ) - Four Nigerian LNG cargoes will be delivered in the next week to import terminals in Spain and Portugal. The 141,000 cubic metres capacity carrier “LNG River Niger” will unload a shipment on January 10 at the Barcelona terminal from the Bonny Island plant in Nigeria. The 162,000 cubic metres capacity vessel “Esshu Maru” will deliver a cargo on January 11 to the Huleva terminal in southwest Spain and the 148,471 cubic metres capacity carrier “LNG Kano” will unload a shipment on January 16 at the Bilbao terminal in northwest Spain. The 160,400 cubic metres capacity Cubal, which normally delivers shipments from Angola, lifted a Nigerian cargo on January 4 from Bonny Island and will deliver it to the Portuguese Sines facility on January 11.

Cargo for UK Jan 12

Jan 7 (LNGJ) - The 210,100 cubic metres capacity carrier “Al Sheehaniya” is scheduled to deliver a cargo on January 12 to the UK Dragon LNG import terminal at Milford Haven in Wales, owned by Royal Dutch Shell and Petronas of Malaysia, according to the port authorities. The shipment is from Qatargas at Ras Laffan in the Gulf. The vessel is scheduled to arrive as the UK National Balancing Point benchmark natural gas price was at the equivalent of $7.75 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 $7.65 per MMBtu.

US waterway work

Jan 4 (LNGJ) - The US Army Corps of Engineers said it awarded a $92 million construction contract to Great Lakes Dredge and Dock Company to deepen and widen the Corpus Christi Ship Channel (CCSC) from the Gulf of Mexico to Harbor Island. The contract work will increase the depth from -47 feet Mean Lower Low Water (MLLW) to -54 ft MLLW from the jetties at the entrance of the ship channel to Harbor Island and will extend the CCSC into the Gulf of Mexico to -56 feet MLLW. “We commend the Army Corps of Engineers for progressing the highly anticipated Corpus Christi Ship Channel Improvement Project, and the selection of Great Lakes Dredge and Dock to perform on this first contract is an extraordinary step forward in positioning the United States as the largest exporter of energy in the world,” said Sean Strawbridge, Chief Executive of the Port of Corpus Christi.

Seven cargoes for Europe

Jan 3 (LNGJ) – Seven cargoes will be unloaded at European terminals in the next week. The 145,000 cubic metres capacity “Methane Rita Andrea” is delivering a shipment on January 3 to the Aliaga facility near the port of Izmir in Turkey from the Trinidad plant in the Caribbean, according to shipping data. The 75,000 cubic metres capacity carrier “Cheik Bouamama” is unloading a cargo on January 4 at the Italian Panigaglia terminal near Genoa from the Skikda plant in Algeria. The 141,000 cubic metres capacity vessel “LNG Cross River” will deliver a cargo on January 4 to the Sines terminal in Portugal from the Nigerian plant on Bonny Island.
   The 147,200 cubic metres capacity vessel “Arctic Princess” is scheduled to deliver a shipment on January 5 to the Dunkirk import terminal on the Channel coast of France from the Equinor plant at Hammerfest in Norway. The 216,000 cubic metres capacity vessel “Al Hamla” is scheduled to deliver a Qatargas shipment on January 5 to the Swinoujscie terminal in Poland. The 150,200 cubic metres capacity vessel “Seri Camar” will deliver a cargo on January 9 to the Aliaga facility in Turkey from the US Cove Point plant in Maryland. The 145,000 cubic metres capacity vessel “Milaha Qatar” will unload a Qatargas shipment on January 11 at the Adriatic LNG import facility in Italy.

UK Dragon cargo Jan 8

Jan 2 (LNGJ) - The 138,160 cubic metres capacity carrier “Methane Princess” is scheduled to deliver a cargo on January 8 to the UK Dragon LNG import terminal at Milford Haven in Wales, owned by Royal Dutch Shell and Petronas of Malaysia, from the export plant in Equatorial Guinea, according to shipping data. The vessel is scheduled to arrive as the UK National Balancing Point benchmark natural gas price was at the equivalent of $7.40 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 $7.35 per MMBtu.

Thai LNG funding

Jan 1 (LNGJ) - The Thai energy company, PTT Exploration and Production, said it planned to invest 16.17 billion Thai Baht ($490 million) to support the final investment decisions in key projects during 2019, including the Mozambique LNG joint venture in Offshore Area 1 of the Rovuma Basin as well as other foreign projects in Algeria and Vietnam. “During 2019 PTTEP will move forward through a more active strategy, including in the Gas Value Chain business,” said Phongsthorn Thavisin, PTTEP Chief Executive. He added that total capital expenditure during the year would be around $3.25 billion.

Daewoo LNG ship order

Dec 28 (LNGJ) - Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipbuilder by sales, has won an order worth $230 million to build an LNG carrier to transport cargoes from Papua New Guinea to Asian nations. The vessel will have 174,000 cubic metres of capacity and is scheduled to be delivered by the end of 2021. Daewoo said that during December it had received a total of six new orders to construct LNG carriers at its Geoje Island facilities.

Cheniere LNG charters

Dec 27 (LNGJ) - GasLog Ltd, the Monaco-based LNG fleet owner with 25 ships operating and nine others on order, is chartering more vessels to US LNG producer Cheniere Energy, owner of the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas. “Cheniere Marketing International has exercised its option for two new charter party agreements, each for a firm period of seven years. To fulfil the charters, two LNG carriers have been ordered from Samsung Heavy Industries in South Korea,” explained GasLog.

US cargo for UK Dec 29

Dec 24 (LNGJ) - The 165,500 cubic metres capacity carrier “Magellan Spirit” will deliver a cargo on December 29 to the UK South Hook import terminal at Milford Haven in Wales from the US Sabine Pass plant in Louisiana and lifted on December 16, according to shipping data. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $8.40 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $8.30 per MMBtu.

Hoegh Australian deal

Dec 21 (LNGJ) - Hoegh LNG, the Norwegian fleet owner and specialist in floating storage and regasification unit projects, said it signed a charter accord with Australian company AGL Energy for the provision of an FSRU for a venture at Crib Point in the state of Victoria. Hoegh said the charter was for 10 years and was conditional on AGL taking a final investment decision for the venture, scheduled for start-up by 2021.

   The Norwegian company estimates annual earnings from the charter of between US$29 million and US$31M, depending on technical specifications. “We are delighted to have been awarded the contract with AGL for their new LNG import project,” said Hoegh President and Chief Executive Sveinung J. S. Stohle. “ Our modern FSRU solutions offer our clients the quickest, most cost-efficient and most flexible method of connecting a new market to global LNG trade,” added the CEO.

LNG steady as gas falls

Dec 21 (LNGJ) - US LNG exports amounted to seven shipments in the past week, six from the Sabine Pass plant in Louisiana and one from Cove Point in Maryland, while one vessel was lifting a cargo at Sabine Pass through December 19, according to the weekly report from the Energy Information Administration. US spot natural gas prices fell at most locations, with the benchmark Henry Hub dropping from $4.20 per million British thermal units over the week to $3.56 per MMBtu as storage concerns receded and the weather turned warmer.
   “Prices have declined as temperatures were warmer than normal across the Lower 48 states and much warmer than normal across the Great Plains,” said the EIA. At the Chicago Citygate prices decreased 68 cents to $3.31 per MMBtu. At the Algonquin Citygate serving the Boston area prices dropped by $3.30 per MMBtu from $7.15 per MMBtu on December 12 to $3.85 per MMBtu. Tennessee Zone 4 Marcellus spot prices for shale gas dropped 71 cents to $3.28 per MMBtu. Prices at Dominion South in southwest Pennsylvania fell 75 cents to $3.22 per MMBtu.

Polish-US LNG accord

Dec 20 (LNGJ) - The Port Arthur LNG project in Texas, a subsidiary of California-based utility Sempra Energy, entered into a definitive 20-year sale and purchase agreement to supply the Polish Oil & Gas Company. “While financial terms were not disclosed, the agreement is for the sale and purchase of 2 million tonnes per annum, or approximately 2.7 billion cubic metres,” said Sempra. The cargoes will be on a free-on-board basis whereby the Poles supply their own shipping from the facility to be constructed in Jefferson County, Texas. The Port Arthur project has yet to take its final investment decision for a plant to produce 11 million tonnes per annum and with three LNG storage tanks, two marine berths and associated facilities. “Last month, we began the commissioning phase of our Cameron LNG liquefaction-export facility in Louisiana,” said Jeffrey W. Martin, Chairman and Chief Executive of Sempra. “This agreement, along with the great progress on Cameron LNG, continue to validate our growth strategy,” he added.

Magnolia LNG extension

Dec 20 (LNGJ) - LNG Ltd, the developer of the US Magnolia LNG export project in Louisiana, said it had extended the validity period of its current binding engineering, procurement, and construction contract through June 2019 with the joint venture comprising KBR of the US and South Korea’s SK Engineering and Construction. The EPC contract was first signed in November 2015. “Magnolia LNG continues to be well positioned to lead the next generation of US LNG export projects,” said LNG Ltd, noting that the venture was construction-ready, having secured equity financing and notice to proceed from regulators.

New McDermott HQ

Dec 19 (LNGJ) - McDermott International, the US LNG and energy engineering company that completed the takeover of rival firm CB&I in May 2018, has signed a lease for a new corporate headquarters in Houston for 1,700 employees currently dispersed across five locations in the Houston area. McDermott said it would move to Energy Center Five, an 18-story, 524,000-square-foot office tower located at 915 North Eldridge Parkway and will be the sole tenant in the building. “The new, state-of-the-art building will enhance collaboration and productivity among our employees and drive efficiency and cost savings for the company,” said David Dickson, McDermott's President and Chief Executive. “We are also staying in Houston's Energy Corridor, which is strategic for McDermott given the close proximity to many of our customers and partners,” added the CEO. McDermott plans to begin operations from the new building in the third quarter of 2019.

Cheniere-Petronas deal

Dec 18 (LNGJ) - Cheniere Energy has signed an LNG sale and purchase agreement with Malaysian energy company Petronas for around 1.1 million tonnes per annum of LNG from the Sabine Pass export plant in Louisiana and its planned sixth liquefaction Train. The cargoes will be delivered on a free-on-board basis for a term of 20 years and whereby Petronas supplies the shipping. The purchase price will be indexed to the Henry Hub benchmark, plus a fee. “Petronas is one of the largest and most experienced participants in the global LNG market and we are pleased to have it as our newest foundation customer at Sabine Pass, supporting Train 6,” said Jack Fusco, Chairman, President and Chief Executive of Cheniere.

Stabilis LNG merger

Dec 18 (LNGJ) - Stabilis Energy, one of the leading small-scale US LNG distribution companies, is merging with Nasdaq-listed American Electric Technologies. The combined business will include the Stabilis LNG production and distribution businesses as well as AETI’s existing international units. When the transaction closes the owners of Stabilis will hold 89 percent of the combined company and AETI shareholders will own 11 percent. James Reddinger, current President and Chief Executive of Stabilis, will serve as President and CEO of the merged company, whose main operating asset is a 120,000 LNG-gallon per day production plant in George West, Texas, and a transportation fleet. “We believe the combination of Stabilis and AETI will create a leading platform for growth and consolidation in the North American small-scale LNG industry,” said Reddinger.

Golar FLNG move

Dec 17 (LNGJ) - Golar LNG, the fleet owner and project developer, said it was advancing with a contract awarded by the Mauritania-Senegal joint venture partners, BP of the UK and Kosmos Energy of the US, for the provision of a floating liquefaction vessel to serve the Greater Tortue and Ahmeyim gas fields offshore West Africa. Golar said it had received a limited notice to proceed, furthering its previous preliminary agreement and heads of terms for the charter first announced in April 2018. The vessel conversion would take place at Keppel Shipyard after the Singapore yard’s delivery of FLNG hull, “Hilli Episeyo”, using liquefaction technology from Black and Veatch Corp. of the US. “Discussions regarding a minority investment in the vessel are also being progressed,” said Golar.

Cargo for UK Dec 24

Dec 17 (LNGJ) - The 216,200 cubic metres capacity Q-Flex carrier “Tembek” will deliver a cargo on December 24 to the UK South Hook import terminal at Milford Haven in Wales from Ras Laffan in Qatar, according to the port authority. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $8.40 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was lower at around $8.15 per MMBtu.

GTT LNG tank orders

Dec 14 (LNGJ) - French maritime storage technology company GTT said it received an order from the South Korean shipyard of Hyundai Samho Heavy Industries for the tank designs for two LNG carriers. GTT said the vessel would have capacity of 174,000 cubic metres and have been ordered by the Greek ship-owner, Consolidated Marine Management. Delivery of the carriers is scheduled for between the first and the third quarter of 2021. The LNG tanks for the vessels will be the Mark III Flex containment system developed by GTT. “We are pleased with the long-term partnership of excellence developed with HSHI, and to accompany Consolidated Marine Management for its entry into the LNG world,” said Philippe Berterottiere, Chairman and Chief Executive of GTT.

Rio Grande LNG permits

Dec 13 (LNGJ) - NextDecade Corp., the developer of the Rio Grande LNG export plant proposed for near the port of Brownsville, said the Texas Commission on Environmental Quality voted to issue a series of air permits to the venture with plans to produce 27 million tonnes per annum of LNG. “We appreciate the TCEQ’s commitment to the review of our project to deliver a safe and reliable LNG facility,” said Matt Schatzman, NextDecade’s President and Chief Executive. “We look forward to bringing thousands of jobs to the Rio Grande Valley and communities throughout the State of Texas, and to facilitating access to clean-burning, US-produced natural gas for our customers around the world,” added Schatzman. The US Federal Energy Regulatory Commission plans to issue a final Environmental Impact Statement for Rio Grande LNG by the end of April 2019. NextDecade anticipates making a final investment decision in the third quarter of 2019.

UK Dragon LNG cargo

Dec 12 (LNGJ) - The 160,106 cubic metres capacity carrier “Corcovado LNG” is scheduled to deliver a cargo on December 19 to the UK Dragon LNG import terminal at Milford Haven in Wales, owned by Royal Dutch Shell and Petronas of Malaysia, according to the port authority. The carrier had earlier in December docked at the Mugardos terminal in northwest Spain. The vessel is scheduled to arrive as the UK National Balancing Point benchmark natural gas price was at the equivalent of $8.00 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 $7.85 per MMBtu.

North America shipments

Dec 11 (LNGJ) - NYK Line, the Japanese shipping company, said it signed long-term contracts with a subsidiary of Mitsubishi Corp. to charter three LNG carrier newbuilds for North American deliveries. The vessels will be chartered to Singapore-based Mitsubishi fuel subsidiary, Diamond Gas International. NYK previously concluded long-term time-charter deals for three new LNG vessels to ship cargoes from the Cameron LNG plant in the US and these new contracts bring the total to six carriers. NYK said it would be responsible for management of three of the vessels with 174,000 cubic metres capacity ordered from South Korean shipbuilder, Hyundai Samho Heavy Industries. The first LNG carrier, scheduled to be delivered in 2020 will transport LNG from the Cameron plant in Louisiana. The other two vessels are scheduled to be delivered in 2021 and will ship LNG from the Royal Dutch Shell-led LNG Canada project in British Columbia.

LNG boosts Korean yard

Dec 10 (LNGJ) - South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering said it received an order to build an LNG carrier for Maran Gas Maritime of Greece, the LNG unit of the Angelicoussis Shipping Group. The vessel is scheduled for delivery in the first half of 2021. Daewoo noted that the Angelicoussis group had placed a total of 101 ship orders with Daewoo since 1994, with 85 of them delivered and 16 under construction in South Korea. Daewoo said it had obtained $6.22 billion worth of orders so far this year, achieving 85 percent of its sales target of $7.3Bln.

US LNG exports rise

Dec 7 (LNGJ) - US LNG exports increased in the past week to eight shipments, six from the Sabine Pass in Louisiana and two from Cove Point in Maryland and set a new monthly record, said the US Energy Information Administration. Another LNG carrier, the 174,000 cubic metres capacity “Maria Energy”, was moored near the new Corpus Christi liquefaction and export facility in Texas and is expected to lift the first cargo. US LNG exports in November amounted to 31 loaded cargoes, 26 from Sabine Pass and five from Cove Point, exceeding the previous monthly record set in July 2018 when 29 shipments left the US.

Knutsen LNG ship order

Dec 6 (LNGJ) - The South Korean shipbuilder, Hyundai Mipo Dockyard Co., said it received an order from Knutsen Shipping of Norway for a small-scale LNG carrier with capacity of 30,000 cubic metres and worth $77 million. “Hyundai Mipo will deliver the ship by the first quarter of 2021,” said the yard, a subsidiary of Hyundai Heavy Industries, the world's biggest shipbuilder by orders.   

LNG ship tanks order

Dec 5 (LNGJ) - French LNG storage tank technology company GTT said it received an order from the South Korean shipyard, Samsung Heavy Industries, for tank designs for a 174,000 cubic metres capacity LNG carrier on behalf of Greek ship-owner Minerva. The newbuild will be fitted with the Mark III Flex-plus membrane containment system developed by GTT and the vessel is scheduled for completion in the first quarter of 2021. “We are very pleased for the renewed trust of our excellent partner Samsung Heavy Industries as well as welcoming Minerva for its entry this year into the LNG industry,” said GTT Chairman and Chief Executive Philippe Berterottiere. “This order brings to five the number of LNG carriers to be equipped with this new Mark III Flex-plus technology,” added the CEO.

Burckhardt services

Dec 4 (LNGJ) - Burckhardt Compression, the Swiss-based maker of compressor systems for the oil and gas and LNG industries, has opened a service centre for its Central Europe business area. “The Service Center is strategically located in Slovakia in order to react fast on customer demands and to provide comprehensive services for reciprocating compressors of any brand to operators in Slovakia, Czech Republic, Hungary as well as Poland,” said the company. The centre will be operated in cooperation with its local partner Sultrade Compressor Services.

Hoegh hires CFO

Dec 3 (LNGJ) - Hoegh LNG Holdings named Havard Furu as its new Chief Financial Officer, effective from March 2019. The interim CFO, Steffen Foreid, will step down from March while continuing his role as Chief Executive and CFO of the US unit, Hoegh LNG Partners. New CFO Furu occupied the same role at law firm Wikborg Rein. Before that he was CFO in Western Bulk in the period from 2009 to 2017 and was formerly employed by BW Gas as Assistant Director Strategy and Finance. “We are very pleased to welcome Havard to the Hoegh LNG team, as he brings with him very broad financial experience covering all relevant segments of the CFO role,” said Sveinung J.S. Stohle, President and CEO of Hoegh LNG.

LNG for UK on Dec 8

Dec 3 (LNGJ) - The 217,000 cubic metres capacity Q-Flex carrier “Al Huwaila” will deliver a cargo on December 8 to the UK South Hook import terminal at Milford Haven in Wales from Ras Laffan in Qatar, according to the port authority. The delivery was heading for the UK as the National Balancing Point benchmark natural gas price was at the equivalent of $8.10 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was higher at around $8.20 per MMBtu.

US LNG cargoes steady

Nov 30 (LNGJ) - US LNG exports amounted to seven shipments in the past week, six from the Sabine Pass plant in Louisiana and one from Cove Point in Maryland, according to the weekly natural gas report from the Energy Information Administration. “Commissioning activities at the Corpus Christi liquefaction terminal in Texas continued as pipeline feedstock deliveries increased from 0.07 billion cubic feet per day in the previous week to 0.4 Bcf-0.5 Bcf per day during the past few days,” said the EIA in reference to Cheniere Energy’s second LNG plant set to start commercial services. The EIA also noted that US LNG exports in November were on track to match or exceed the previous record set in July, with 29 loaded cargoes reported through November 28.

Qatar hosts operators

Nov 29 (LNGJ) - Qatar hosted the annual meeting of the Society of International Gas Tanker and Terminal Operators (SIGTTO) under the sponsorship of Qatar Gas Transport Co, the Gulf nation’s LNG shipping operator, known as Nakilat. SIGTTO has more than 170 members, representing nearly all of the world’s LNG operators and more than half the global liquefied petroleum gas business. In addition to hosting the event, Nakilat also participated in the meetings as Chief Executive Abdullah Al Sulaiti is an active Director of SIGTTO. “The state of Qatar has made significant enhancements in the LNG transportation industry, with Nakilat contributing to the improvements and supporting the increasing exports of LNG shipments, while ensuring compliance with the highest levels of safety,” it said.

 

US cargo for UK Dec 5

Nov 28 (LNGJ) - The 162,400 cubic metres capacity carrier “BW Paris” is scheduled to deliver a cargo on December 5 to the UK Dragon LNG terminal in Milford Haven, owned by Royal Dutch Shell and Petronas of Malaysia, from the US Sabine Pass plant in Louisiana, according to the port authority. The delivery was heading for the UK as the nation’s National Balancing Point benchmark natural gas price was at the equivalent of $8.30 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was slightly higher at the equivalent of $8.35 per MMBtu.

Skangas to be Gasum

Nov 27 (LNGJ) - Skangas, the Norwegian LNG infrastructure and distribution company for the Nordic region, has had its name changed to Gasum. The Finnish natural gas network owner Gasum increased its shareholding in Skangas from 70 percent to 100 percent in October 2018 by purchasing the balance of the shares from the Norwegian Lyse Group. “The name change will strengthen the Gasum brand in the Nordic countries and the position of Gasum as the leading provider in the region,” said the Finnish company.

Vopak Pakistan stake

Nov 27 (LNGJ) - Royal Vopak, the Dutch international petroleum and commodities storage company, has purchased an additional 15 percent stake in Pakistan’s first LNG import facility at Port Qasim, east of Karachi, taking its total shareholding to 44 percent. The Pakistani terminal is a floating storage and regasification unit under charter for 15 years and has been in operation since 2015. It also comprises an LNG jetty and a 7.5km high-pressure gas pipeline linked to the sole customer, the state-owned local gas network operator, Sui Southern Gas.

Kosmos Energy deals

Nov 27 (LNGJ) - Kosmos Energy, the partner of BP in the development of floating LNG export projects planned for offshore Mauritania and Senegal, has agreed various share transactions including a public offering and a share repurchase deal. Kosmos said that funds affiliated with global brokers Warburg Pincus were organizing the deals and Kosmos would not receive any of the proceeds as the transactions were aimed at an agreed reduction in Warburg’s stake in the Dallas, Texas-based company. “We are very pleased to come to an agreement with Warburg to help facilitate and accelerate a significant reduction in their position,” said Andrew G. Inglis, Chairman and Chief Executive of Kosmos. “We were able to take advantage of this unique opportunity and our strong balance sheet to re-purchase shares at an attractive price. In addition, these transactions further broaden our shareholder register and increases the company's free float,” added Inglis.

US LNG cargo for UK

Nov 26 (LNGJ) - The 174,000 cubic metres capacity carrier “Maran Gas Spetses” is scheduled to deliver a cargo on December 1 to the UK Dragon LNG terminal in Milford Haven, owned by Royal Dutch Shell and Petronas of Malaysia, from the US Sabine Pass plant in Louisiana, according to the port authority. The delivery was heading for the UK as the nation’s National Balancing Point benchmark natural gas price was at the equivalent of $8.50 per million British thermal units, while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was slightly lower at the equivalent of $8.25 per MMBtu.

French ships boost

Nov 26 (LNGJ) - The French container shipping company CMA CGM, which is developing LNG-powered vessels, posted a 6.3 percent rise in third-quarter revenues to $6.06 billion from $5.70Bln in the year-ago quarter. The shipping line is awaiting the delivery of nine new LNG-fueled vessels from Chinese shipyards from 2020. During the quarter, CMA CGM said it exceeded 5 million containers shipped, attributable to continued strength in the Transpacific, India-Oceania and African trading areas. The company said third-quarter operating income amounted to $241M. “In a market growing by 2.5 percent to 3 percent, the increase in volumes shipped by CMA CGM demonstrates our commercial drive and the quality of service offered to our customers,” said Chairman and Chief Executive Rodolphe Saadé.

IMO head staying on

Nov 23 (LNGJ) - The International Maritime Organization (IMO) Council has agreed to renew the appointment of South Korean Kitack Lim as Secretary-General of the IMO for a second four-year term beginning on 1 January 2020, subject to the approval of the IMO Assembly in December 2019. One of the IMO’s biggest current tasks is guiding through the 0.5 percent limit on sulfur content in ship fuel coming into force in 2020 under the UN body’s MARPOL treaty, with benefits for the environment and human health. Shipowners are being encouraged to switch to alternatives such as LNG, lower sulfur fuels, or exhaust cleaners. Aged 62, Kitack Lim began attending IMO meetings in 1986 as a member of the South Korean delegation. He had graduated in nautical science at the Korea Maritime and Ocean University in the port of Busan and worked on ships as a Korean naval officer and for an international shipping company.