In this issue

 

Global gas demand will steadily grow in the next five years, Gazprom’s head Alexey Miller said in a speech at last week’s St Petersburg International Gas Forum. 

Thursday, 11 October 2018

On 24th September, China released a second list of goods, which will be hit by a 10% tariff on imports from the US. 

The Argentine Government is looking to start construction of the country’s first LNG liquefaction terminal in the second half of 2019.

Thursday, 11 October 2018

Bangladesh has shelved plans for three small-scale FSRUs, following objections from the country's main port authority, and as LNG imports at its first full-sized FSRU ramp up.

‘Bahrain Spirit‘, Teekay LNG’s first FSU, has been delivered to charterer Bahrain LNG.

Thursday, 11 October 2018

Qatar Petroleum (QP) is to build a fourth mega-LNG train, boosting the country’s future LNG production capacity to 110 mill tonnes per year. 

Thursday, 11 October 2018

South Korean private equity firm Hahn & Co was reported to have acquired a 90% stake in SK Shipping for about $1.35 bill. 

Thursday, 11 October 2018

Höegh LNG, Stolt-Nielsen (SNL) and Golar LNG are to jointly invest $182 mill in Avenir LNG. 

Thursday, 11 October 2018

A contract was signed between the parent company of Eesti Gaas (Estonia’s energy company) and Damen Shipyards Group to build the first of a series of short-sea LNG bunker vessels.

DNV GL has partnered with Flex LNG to facilitate safe implementation and operation of new shipboard technologies.

Cyprus’ natural gas public company (DEFA) has published tender documents for the design, construction, and operation of the proposed Vassilikos LNG import terminal. 

Woodside has appointed Bechtel as the preferred execution contractor for the proposed expansion of its Pluto LNG facility in Western Australia.

Thursday, 11 October 2018

Royal Boskalis Westminster (Boskalis) has won the dredging contract for the development of the first large-scale LNG export facility in Kitimat, Canada (LNG Canada) following the final investment decision (FID) by the shareholders announced last week.

Thursday, 11 October 2018

On 28th September, NYK signed a contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, to charter a newly built LNGC for seven years with an option for a further year.

News Nudges

Teekay LNG Partners declares distribution

Teekay GP LLC, the general partner of Teekay LNG Partners LP has declared a cash distribution of $0.14 per common unit for the quarter ended 30th September, 2018. The cash distribution is payable on 9th November, 2018 to all common unitholders of record as at 2nd November, 2018.


GTT receives Celsius tank design order

GTT has won another order from Samsung Heavy Industries (SHI) to design the tanks of two recent LNGC orders. Each offering a capacity of 180,000 cu m, these units will be built on behalf of the European shipowner Celsius and the tanks will be fitted with the Mark III Flex containment system. The vessels' delivery is expected by the end of 2020. "We are very pleased to continue our excellent partnership with SHI with these two new orders and to accompany Celsius in its entry into the LNG industry." commented Philippe Berterottière, GTT Chairman and CEO.


Veteran LNGC for the torch

The 125,568 cu m Moss type LNGC ‘Adriatic Energy’, built as the ‘Echigo Maru’ in 1983, has been reported sold to unknown interests for recycling with full Indian sub-continent options. She has been laid up in Labuan since late 2015 and has a high nickel content. The price was said to be $551 per ldt and she will be towed to her final destination, brokers said.


Yamal reaches another milestone

On 25th September, 2018, Sovcomflot’s Arc7 ‘Christophe de Margerie’ loaded the five millionth tonne of LNG at Yamal LNG’s Sabetta port. Yamal LNG’s first train commenced production in December, 2017, with the inaugural cargo of LNG transported by the same vessel. In August, 2018, another of Sovcomflot’s LNGCs, ‘Pskov’, shipped the first cargo of LNG produced at the second Yamal LNG train, which was commissioned ahead of schedule.