Demand for natural gas and LNG remained robust during the first half of this year, underpinned in the second quarter by significant increases in demand from major Asian consumers, GasLog said in its second quarter results roundup (see page 6).
Engro Corp of Pakistan and Dutch-based Royal Vopak have signed a Share Purchase Agreement (SPA) in which Vopak will acquire a 29% share in Elengy Terminal Pakistan Ltd (ETPL).
According to Clarksons, headline daily spot TFDE LNG shipping rates averaged $54,000 in 2Q18, compared to $34,000 in 2Q17, GasLog said.
Over $53 bill of investment in FLNGs is forecast as this segment comes back to life, according to a new report from Westwood.
India’s port infrastructure developer and part of the Adani Group, Adani Ports and Special Economic Zone (APSEZ) has signed a long term agreement with GAIL (India), the state run gas company, to provide LNG regasification services.
Japan’s LNG imports dropped 10.3% year-on-year in June - the lowest monthly volume in almost two years.
Japanese energy giant INPEX has announced that gas production has started from the Ichthys LNG project.
Dynagas LNG Partners reported net income of $0.4 mill for the second quarter of 2018.
Dominion Energy officially celebrated the start of commercial operations at its Cove Point LNG liquefaction facility in Maryland, US, last week.
Santos has confirmed that the PNG LNG project partners had entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International (Hong Kong) Corp, for the supply of gas, which commenced last month.
During the second quarter of this year, GasLog Partners reported a profit of $22.9 mill, compared with $19.4 mill in 2Q17.
For the first half of this year, GTT reported several orders, success in LNG as a fuel and a solid financial performance.
Snam, Enagás and Fluxys have signed contracts to jointly acquire a 66% interest in Greek gas infrastructure operator DESFA, which follows an agreement signed in April.
The first of Evergas’ 85.000 cu m VLECs was floated out of the building dock at DSIC in China. She will be delivered in the first quarter of 2019.
More orders for LNGCs and VLECs
Brokers have reported that TMS Cardiff Gas has exercised options for two more LNGCs. One 174,000 cu m LNGC will be built at Hyundai, giving a total of seven at the yard, while another 156,000 cu m unit will be built by Samsung, bringing this series up to three. US investment banking and principal investment firm Delos Shipping was believed to be behind an order for up to 12 very large ethane carriers (VLECs). According to data provided by Asiasis, the company ordered the units from two South Korean shipbuilders, Samsung Heavy Industries and Hyundai Heavy Industries. Delos Shipping reportedly placed firm orders for three 93,000 cu m ships at each shipyard, along with three options attached to each contract for about $115-$120 mill each on the back of long term charters to ship ethane from the US to China. The first VLECs were thought scheduled to be handed over to their owner starting in the second half of 2020.
JYT to supply LNG insulation
Jiangsu Yoke Technology is to supply thermal insulation panels to Hudong-Zhonghua Shipbuilding for use in GTT’s Mark III containment system fitted LNGCs. The two companies will also co-operate to construct and develop materials for other LNG carrying vessels. The firm’s wholly-owned unit S&Y International has signed a contract worth CNY104 mill ($15.5 mill) with Shanghai-based Hudong-Zhonghua Shipbuilding to sell reinforced polyurethane insulation panels for the LNGCs, the chemical company based in Jiangsu Province in eastern China, said in a regulatory filing, according to Yicai News.
First Yamal train hits milestone
OAO Yamal LNG recently shipped the three millionth tonne of LNG from its first LNG train. Yamal LNG reached this milestone with the 41st cargo loaded at its first LNG train, since it started operations in December, 2017. In July, the summer navigational period commenced on the Northern Sea Route (NSR), allowing the Yamal LNG project to ship LNG cargoes using Arc7 Ice Class LNGCs in an easterly direction to Asia/Pacific countries without icebreaking support, as well as using LNGCs with lower Ice Class notation.
GTT receives order from HSHI
GTT has received an order from Hyundai Samho Heavy Industries (HSHI) to design the tank for a new 174,000 cu m LNGC to be built on behalf of an Asian shipowner. The vessel's delivery is expected in 4Q20. Her LNG tanks will be equipped with GTT’s Mark III Flex containment system. Philippe Berterottière, GTT Chairman and CEO, said: "We are proud of the success achieved by the Mark III Flex technology, now selected to equip almost 90 ships since its launch."
LNGC is Panama’s 4,000th Neopanamx transit
The LNGC ‘Maria Energy’ has become the Panama Canal’s 4,000th Neopanamax vessel when she transited the expanded canal on 29th July. She was sailing southbound from the Atlantic to the Pacific Ocean. ’Maria Energy’ was followed into the canal by the LNGC ‘Maran Gas Alexandria’, which also transited southbound. Both vessels loaded at Cheniere Energy's Sabine Pass LNG export facility in Louisiana, US. Of the 4,000 vessels LNGCs were responsible for around 10% of the Neopanamax traffic.