In this issue

 

The growth of LNG carriers over the past decade has been synonymous with the growth in global LNG import and export capacity.

Thursday, 17 August 2017

Earlier this month, Toshiba America Inc (TAI) announced the forming of Toshiba America LNG Corp (TAL).

Thursday, 17 August 2017

The traditional long-term LNGC timecharter market is evolving with charter periods becoming shorter, a leading law firm said.

Atlantic, Gulf and Pacific (AG&P) is to build and operate a $980 mill LNG receiving terminal in Bantaeng, South Sulawesi.

Thursday, 17 August 2017

Egypt is planning to import 80 LNG cargoes during the 2017-18 financial year that began in July, down from the 118 cargoes imported last year.

Thursday, 17 August 2017

Sovcomflot’s ice-class LNGC ‘Christophe de Margerie’ was due to arrive at South Korea’s Boryeong LNG terminal on 15th August.

Cheniere Energy Inc has reported a net loss of $285 mill, or $1.23 per share (basic and diluted), for the three months ended 30th June, 2017, compared to a net loss of $298 mill, or $1.31 per share (basic and diluted), for the comparable 2016 period.

Thursday, 17 August 2017

Teekay LNG Partners reported a GAAP net loss attributable to the partners and preferred unitholders of Teekay LNG Partners reported a GAAP net loss attributable to the partners and preferred unitholders of $16.1 mill for the second quarter of this year, compared to a profit of $43.1 mill in the same period of 2016.

Thursday, 17 August 2017

Wison Offshore & Marine (Wison) has received Approval in Principle (AiP) from Bureau Veritas (BV) for its newly-developed large-scale FLNG storage and regasification terminal.

Thursday, 17 August 2017

Norsafe has secured its largest offshore contract to supply lifesaving appliances (LSAs) to ENI’s Coral South floating LNG (FLNG) facility located in Area 4, about Norsafe has secured its largest offshore contract to supply lifesaving appliances (LSAs) to ENI’s Coral South floating LNG (FLNG) facility located in Area 4, about 50 km from the Mozambique coast.

Thursday, 17 August 2017

The Shapoorji Pallonji Group has submitted a bid to build an LNG regasification terminal at Mumbai Port Trust.

Few deliveries have been more complex than those for the Yamal LNG project, in which the first new Arctic Ice Class vessel completed its trials and is now due in South Korea with its first commercial cargo.

Despite falling FSRU freight rates, investment returns at current asset prices and charter rates are higher, compared with standard LNGCs, according to the latest edition of ‘LNG Forecaster’, published by shipping consultancy Drewry.

Thursday, 03 August 2017

Korea Gas Corp (KOGAS) has teamed up with South Korean shipping companies to co-operate on FSRU development.

News Nudges

Vessel deliveries

Shell’s first LNG bunker vessel ‘Cardissa’ has arrived in Rotterdam. The seagoing bunker vessel was built by STX Offshore & Shipbuilding Co in South Korea for Shell and is powered by Wärtsilä DF dual-fuel engines. She will be used to deliver gas to LNG fuelled vessels in Northwest Europe and will load at Gate’s LNG breakbulk terminal at Rotterdam. The LNG-powered vessel has a capacity of 6,500 cu m of LNG, and features an innovative transfer system, enabling it to use both large and small LNG terminals. Shell also concluded a timecharter agreement with Victrol NV and CFT for a bunkering vessel with a capacity of 3,000 cu m of LNG. She will also be operating from Rotterdam and will be able to operate on Europe’s inland waterways. Also chartered by Shell is the 173,400 cu m ‘Murex’, which was delivered to Teekay LNG by DSME this month. She is believed to be on her way to load at Sakhalin-2.


Thailand handles its first Q-MAX

On 5th August, the LNGC ‘Bu Samra’ delivered the first Q-Max cargo to Thailand’s Map Ta Phut import terminal under a long-term sale and purchase agreement (SPA) with Qatargas. The vessel carried the cargo as part of a deal between Qatar Liquefied Gas Co Ltd – 3 (Qatargas 3) and PTT Public Co Ltd. Since 2011, Qatargas has supplied PTT with around 9 mill tonnes of LNG, delivering most of these cargoes in Q-Flex hulls. In December 2012, Qatargas 3 and PTT signed the SPA for the delivery of 2 mill tonnes per annum of LNG for 20 years, starting in 2015.


NOVATEK to slash Arctic LNG-2 construction costs

Novatek claimed to be able to cut construction costs for the Arctic LNG-2 natural gas plant by 30%, compared to the $27 bill it took to build Yamal LNG, the company’s CEO, Leonid Mikhelson, told Russian Prime Minister Dmitry Medvedev, according to TASS news agency. Arctic LNG-2 is Novatek's second LNG production project after Yamal. The company is investigating the possibility of building a new LNG plant on the Gydan Peninsula connected to the Utrenneye oil and gas condensate reserves. The company said that it intends to make an investment decision in 2019, while the first stage of the Arctic LNG-2 plant is scheduled to come on stream in late 2022 or early 2023.


Shell sells Moss-type LNGCs

Broking sources have reported the sale of the 135,270 cu m LNGCs ‘Gallina’ and ‘Galea’. The 2002 Japanese-built Moss-type LNGCs were thought sold to Middle East interests for around $45 mill each.