Yamal Train 1 to shut for maintenance
Yamal LNG’s first train will shutdown for 19 days from 1st to 19th August, 2021. Regular maintenance will be carried out in accordance with the approved annual schedule and will not affect the planned LNG production volume for the year, Yamal said.
Svitzer to service FGEN LNG
Towage service provider Svitzer has signed a 10-year timecharter agreement with Philippines-based FGEN LNG Corp. The Maersk subsidiary will provide towage and other vessel support services to FGEN LNG’s interim offshore LNG Terminal, which will include an FSRU that will be located at Batangas City. Svitzer will provide four new 75-tonne bollard pull (bp) tugs to assist the FSRU and LNGCs that will deliver LNG to the unit in berthing, unberthing, plus navigation assistance - and provide other services, including fire-fighting, pollution control, port and vessel security services, pilot and boarding party transfer, and fender management. Operations are planned to begin in the third quarter of next year.
LNG heavyweights on the move
Shipmanagement and service company V.Group has appointed David Taylor as Managing Director of LNG. He joins V.Group from the Shell Group management team, where he held roles in various locations, including General Manager Ship Management and Global Discipline Head and Process Owner Logistics. Taylor will head up a technical management team. Elsewhere, GasLog Partners has appointed Paolo Enoizi as CEO, effective 1st August, 2021. Currently COO of GasLog and GasLog Partners, Enoizi will succeed Paul Wogan, who is to step down from his position, but remain CEO of GasLog. Enoizi will also continue to serve as COO of both Gaslog companies after he takes on his new role. In addition, Wogan will be replaced by Enoizi as a Director of Gaslog Partners.
Al-Zour handles first LNG shipment
A Qatargas Q-Flex has delivered the first LNG cargo to commission Kuwait’s Al-Zour LNG receiving terminal this month. The cargo was shipped on board the Qatargas-chartered ‘Al Kharsaah’, at Ras Laffan on 9th July, 2021 and was delivered to Kuwait Petroleum Corp’s (KPC) Al-Zhour terminal three days later. Khalid bin Khalifa Al Thani, Qatargas CEO, said: “At Qatargas, we’re honoured to have been able to supply the commissioning cargo to this landmark facility in co-operation with our strategic business partners at KPC. The successful commissioning of this LNG receiving terminal will contribute towards strengthening our business relations with KPC.” Al-Zour LNG terminal is due to become one of the largest in the world by its overall import capacity of 22 mill tonnes per annum by 2022. Currently, it is the world’s largest capacity LNG storage & regasification green field project. The terminal consists of two jetties, capable of simultaneous discharge and it is fitted with eight storage tanks, with a net volume capacity of 225,000 cu m each.
SGX adds three LNGC FFAs
Singapore Exchange (SGX) has added three new LNGC Forward Freight Agreement (FFA) and futures contracts. The new contracts launched on 12th July, are listed out to three years forward, referencing the Baltic Exchange’s independent freight price assessments for LNG cargoes from Australia to Japan, US Gulf to Europe and US Gulf to Japan. These three routes constitute the bulk of global spot market LNG flows and the assessments serve as benchmark pricing for LNG freight. The launch day’s first trade, BLNG2g was brokered by SSY Futures on the US Gulf to Europe contract with a July/August settlement basis. BLNG2g is calculated on a daily rate for a 91,500 dwt vessel of 160,000 cu m capacity - basis delivery cold, ready to load, 0.1% boil off, max vessel age 20 years on a US Gulf/Continent round voyage.
Newbuildings, charters, etc
Shell Tankers (Singapore) has agreed timecharters for another six 174,000 cu m dual-fuelled LNGCs with Knutsen LNG, Pan Ocean and other investors believed to be Global Meridian Holdings. The six vessels will be built by Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) with their deliveries starting in 2023. They will each be fitted with dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power, along with optimised hull and design speed. Shell had already ordered eight similar ships in December, 2019, six in August, 2020, and four in December, 2020. The price per vessel was believed to be around $195-$198 mill. Capital Gas was thought to have firmed up another newbuilding option at Hyundai following on from two orders reported recently. In the charter market, PAO Sovcomflot (SCF Group) has received confirmation from TotalEnergies of the exercising of an option to charter another two 174,000 cu m LNGCs. Each vessel will be chartered for up to seven years, operating within TotalEnergies global portfolio LNG trades under SCF’s technical management. The option was exercised under a contract between TotalEnergies and SCF signed earlier this year for one vessel to be delivered in the third quarter of 2023. They are equipped with twin slow-speed X-DF engines, a hull-air lubrication system, and two shaft generators with electronic frequency converters to provide significant fuel savings and together with a re-liquefaction system minimising GCU usage, will help reduce the vessels’ emissions footprint significantly, SCF claimed. The LNGC ‘Mediterranean Energy’ arrived at Chattogram, Bangladesh for recycling on 11th July (see LNG News, 8th July, page 8).