Global LNG trade reached 236 mill tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017.
On 24th November, 2018, Sovcomflot’s (SCF) LNGC ‘Pskov’ successfully completed the first LNG ship-to-ship (STS) transfer operation for the Yamal LNG Project.
PETRONAS LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) have signed a binding Heads of Agreement (HOA) for a long-term LNG sale and purchase (SPA) agreement.
More than 2.06 mill tonnes of LNG have been exported through Nigeria’s Onne Port in the last 10 months, according to the Nigerian media outlet, New Telegraph.
PAO NOVATEK has announced that its joint venture Yamal LNG has commenced initial production at the plant’s third LNG train.
PETRONAS subsidiary, MISC has signed five-year timecharters with LNG Shipping for two LNGCs acquired from the Eni company.
Indonesia’s state-owned Pertamina has shipped its first cargo of LNG from the Sanga-Sanga block in East Kalimantan.
Flex LNG Ltd reported a net profit of $1.2 mill and profit per share of $0 for the third quarter of 2018, compared with a net loss of $4 mill and a loss per share of $0.01 for 3Q17.
Höegh LNG Holdings Ltd has reported a profit after tax of $6 mill and an EBITDA of $47.9 mill for the third quarter of this year - a record.
Qatar hosted members of the Society of International Gas Tanker and Terminal Operators (SIGTTO) for their Board and Annual General Meeting (AGM) on 28th November, 2018.
Australian-based Global Energy Ventures (GEV) has completed two of the three ABS tests required for design approval of its CNG Optimum type ship.
Polskie LNG is planning to expand the Świnoujście LNG terminal in the near future.
Following a comprehensive tendering process, Smit Lamnalco has been awarded an exclusive licence by Gladstone Ports Corporation (GPC) to supply towage services at Gladstone.
Operations have started at Cheniere Energy’s $15 bill LNG export facility at Corpus Christi, Texas.
Taiwan receives Ichthys cargo
Taiwanese energy conglomerate, CNP Corp reportedly received its first cargo from the Ichthys LNG export plant in the Northern Territory of Australia on 26th November.
Hyundai wins more orders
Greece-based Latsco Shipping was believed to have placed an order for two LNGCs at Hyundai Heavy Industries. According to data provided by Asiasis, the 174,000 cu m vessels were ordered by Latsco Shipping’s Consolidated Marine Management in a contract worth $370 mill for the two and the vessels are due to be delivered in 2021. Hyundai Heavy Industries also said this week that it had won an order for another two LNGCs for an undisclosed Asian shipping company, according to Yonhap news agency. The group said that its affiliate, Hyundai Samho Heavy Industries Co, had won the contract to build two 174,000 cu m LNGCs. Hyundai said it will deliver the ships in mid-2021.
‘Maria Energy’ at Corpus Christi
TEN’s LNGC ‘Maria Energy’ was reported to be at Corpus Christi export facility operated by Cheniere Energy. She was said to have arrived at Corpus Christi last weekend. Cheniere started production in mid-November at one of its three trains planned for the $15 bill facility but had not loaded LNG by the middle of this week. A Golar LNGC berthed at the terminal during the facility's 15th November official opening but left a few days later without.
GTT continues to win business
GTT recently received an order from Daewoo Shipbuilding and Marine Engineering (DSME) for the tank design of two new 173,400 cu m LNGCs. The vessels will be built for an undisclosed European shipowner. Each tank will be fitted with GTT’s NO96 GW technology and the vessels' delivery is expected by the end of 2020. In addition, GTT has received an order from an unnamed South Korean shipyard for the tank design of a new 174,000 cu m LNGC, to be built on behalf of another European shipowner. This vessel's delivery is expected in the first quarter of 2021. The LNG tanks will be equipped with the Mark III Flex containment system developed by the company. The shipowner and shipyard names are confidential, GTT said. Not stopping there, GTT has received another order from Samsung Heavy Industries (SHI) for the tank design of a new 174,000 cu m LNGC ordered by Minerva. The tanks of this unit will be fitted with the Mark III Flex+ membrane containment system, offering a guaranteed boil-off rate of 0.07% of tank volume/day. Her delivery is scheduled for the first quarter of 2021.
Höegh hires new CFO
Höegh LNG Holdings has named Havard Furu as its new CFO effective from March, 2019. The interim CFO, Steffen Foreid, will step down at the same time while continuing his role as CEO and CFO of the US subsidiary, Höegh LNG Partners. Furu occupied the same role at law firm Wikborg Rein. Before that he was CFO in Western Bulk 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 Höegh LNG team, as he brings with him very broad financial experience covering all relevant segments of the CFO role," said Sveinung Stohle, Höegh LNG President and CEO.
BP takes ‘Merchant’ back
BP was thought to have chartered the 138,000 cu m LNGC ‘Merchant’, the former ‘British Merchant’. Brokers reported that the vessel was fixed for six months at a daily rate of $50,000.