In this issue

 

Total has now withdrawn all personnel from the Afungi LNG project site in Mozambique, due to security concerns and declared force majeure.
Thursday, 29 April 2021
South Korea's LNG demand is expected to rise 15.1% through 2034, the energy ministry said this week.
Free ReadGolar LNG Limited (GLNG) has completed the sales of Hygo, a 50-50 joint venture between GLNG and Stonepeak Infrastructure Fund II Cayman (G) Ltd, and Golar LNG Partners, LP to…
Japanese banks took the top three places in Poten’s 2021 ranking of LNG project finance lenders, after occupying the top two places the previous year.
The Philippines Department of Energy has approved A Brown Co subsidiary, Vires Energy Corp’s, application allowing it to proceed with an integrated LNG project in Batangas province.
Last week, Pakistan’s Oil and Gas Regulatory Authority (OGRA) held a public hearing on private sector petitions for licenses to build LNG re-gasification terminals.
Free ReadLithuanian LNG terminal operator AB Klaipėdos nafta (KN) is to launch the annual Klaipėda LNG terminal capacity allocation for the new gas year, which starts on 1st October, 2021. “This…
Argentina's state-owned energy company IEASA, formerly ENARSA, has launched a tender to buy 13 LNG cargoes.
Hanseatic Energy Hub, (HEH), the developer of the planned LNG import terminal at Stade in northern Germany, has pushed back the binding phase of its capacity open season towards the…
Thursday, 29 April 2021
Free ReadRotterdam’s Dutch Gate LNG receiving terminal, owned jointly by Gasunie and Vopak, will close in June for maintenance. This will be the site’s first major maintenance period since the start…
Dallas-based engineering company, Jacobs has been contracted by FGEN LNG Corp to deliver the engineering, procurement and construction (EPC) for an interim offshore terminal to be located at Batangas City,…
Nakilat has announced a 14.5% increase in net profit in the first quarter of this year.
Santos’ strong base business generated $302 mill free cash flow in first quarter of this year, the oil and gas company reported.
Free ReadHöegh LNG Holdings’ (HLH) recommended offer by Leif Höegh & Co Ltd (LHC) and funds managed by Morgan Stanley Infrastructure Partners (MSIP), through a 50/50 joint venture, Larus Holding Limited,…

News Nudges

Indonesian commissioning cargo

Indonesia’s Jawa 1 LNG-to-power project has received its first commissioning cargo - the first of four. The 145,700 cu m LNGC, ‘Tangguh Towuti’ recently berthed alongside the 170,000 cu m ‘Jawa Satu’ FSRU moored off Karawang Regency in Indonesia’s West Java. According to Jawa Satu Power, the project’s power plant operator, ‘Tangguh Towuti’ loaded the gas at BP’s Tangguh facility in Indonesia’s Papua Barat Province. LNG produced at Tangguh will now be regularly supplied to the FSRU. The newbuilding FSRU arrived at Pertamina’s Bontang facility on 12th February, following her delivery from Samsung Heavy Industries. She is operated by Jawa Satu Regas, a joint venture involving Indonesian state-owned Pertamina, and Japan’s Marubeni, Sojitz and MOL. The latter will operate and maintain the FSRU.


MET Croatia receives first cargo

Croatia’s Krk LNG terminal has received the first gas delivery to MET Croatia. The 145,000 cu m LNGC ‘Methane Nile Eagle’ arrived on 26th April, bringing a cargo from Zeebrugge. Her arrival is Croatia’s fifth LNG cargo imported thus far, and is the first one to originate from an EU port. “Since the terminal started in January, 2021, it has been a rather turbulent beginning of operations, with pricing anomalies and arbitrary situations on the global scale and changes to the delivery schedule locally at the terminal. However, since March the arrival of vessels to the terminal has stabilised,” explained Mario Matković, MET Croatia Energy Trade CEO. Croatian gas supplier MET Croatia Energy Trade, part of Swiss-based energy company MET Group, is to import 2.67 bill cu m through Krk over seven years.


Regas system tested

Samsung Heavy Industries (SHI) completed the pilot test of its LNG regasfication system earlier this month. S-REGAS is claimed to be the world’s first LNG regasification system for FSRUs, combined with cold power generation technologies, SHI said. Cold power generation is the electric power generation using energy produced during the LNG vaporisation process. S-REGAS can generate 16 MW of electricity, the company added.


New Ships

China State Shipbuilding Corp’s (CSSC) Hudong-Zhonghua Shipbuilding recently completed the sea trials of Dynagas’ first FSRU. The shipyard claimed that the FSRU ‘Transgas Power’ completed her trials a week ahead of schedule. She will now run gas trials prior to her delivery to Dynagas. ‘Transgas Power’ is the first of two FSRUs ordered by the Greek company, the second being ‘Transgas Force’. Both will be capable of operating as LNGCs. Each of the three regasification units has a capacity of 250 mill cu ft per day of gas. The rated send-out capacity is around 500 mill cu ft per day. Elsewhere, GasLog’s 180,000 cu m ‘GasLog Wellington’ left Samsung Heavy Industries yard in Geoye last weekend to start its sea trials. GasLog expects the sea trials to be completed on 1st May before her gas trials. The LNGC should be delivered to charterer Cheniere in the middle of June. She is the third WinGD dual-fuel propulsion, GTT’s Mark III Flex Plus containment system fitted vessel out of four for a Cheniere charter. Dynagas has also signed an extended charterparty agreement with Equinor for the employment of the 2013-built Ice Class LNGC ‘Arctic Aurora’ for another two years. Under the terms of the charter, ‘Arctic Aurora’ is due to be delivered to Equinor in September, 2021 in direct continuation of her current charter with the Norwegian energy company. Annual gross revenues from the new agreement are expected to be about $21.5 mill, Dynagas said. In addition, Awilco LNG has announced that the 2013-built 156,000 cu m TFDE ‘WilForce’ has entered into a new 12-month charterparty contract from the end of this month in direct continuation from her current charter. The latest extension will help contribute an annual EBITDA of about $18 mill during the charter period. Korea Shipbuilding & Offshore Engineering (KSOE) has won a Won636 bill order from an Asian company to build three LNGCs. Brokers reported that the 174,000 cu m LNGCs will be constructed by Hyundai Heavy Industries for Hyundai LNG Shipping and will be long term chartered to Petronas once delivered in 2024. A price of $189.5 mill per ship was quoted and the contract also includes three separate options for one vessel. Pan Ocean has also reportedly ordered an 18,000 cu m LNG bunker vessel at Hyundai Mipo for $55 mill. She is due for delivery in 2023.


TMC appoints CEO

TMC Compressors (TMC), has appointed Christian Ness as its new CEO. Ness succeeds Per Kjellin who will continue to work for TMC as advisor in the company’s business development team. He will also join the board. “This is a well-run business so my mandate is to manage the excellent foundation that is already in place, but also to identify new and innovative ways of enabling the marine and offshore industries to become more sustainable from both an environmental and cost perspective,” Ness said. “TMC has always believed that the supplier industry should play a key part in developing green technologies that can help drive down shipowners’ and operators’ lifecycle costs and help reduce the shipping and offshore industries’ climate footprint. We will continue our technology development along this path,” he added. Ness joins TMC from his position as Managing Director of TMC’s parent company, Nessco Holding. Prior to this, he was managing director for Nessco AS, a Norwegian supplier of compressors, vacuum pumps, blowers and associated services.