In this issue

 

During the next 10 years, LNG demand will shift to a more fragmented market, while supply will remain primarily in the hands of the ‘big four’ exporters.
Free ReadAsia is expected to contribute about 74% of the total global LNG regasification capacity additions by 2025, according to GlobalData. The company’s report,‘Global Capacity and Capital Expenditure Outlook for LNG…
Thursday, 10 June 2021
Taking a look at the FSRU market, Höegh LNG said in its recent results presentation that global LNG trade was flat year-on-year in the first quarter 2021.
Thursday, 10 June 2021
Gastech will now take place in Dubai, having been switched from Singapore, due to health concerns.
Pakistan LNG has re-issued a tender and is now seeking two LNG cargoes for delivery in July, according to a document posted on the company website.
Free ReadTellurian has signed a 10-year sale and purchase agreements (SPA) with commodity traders Vitol and Gunvor. The LNG developer will supply three mill tonnes per annum of LNG to each…
PAO NOVATEK’s wholly owned subsidiary, NOVATEK Gas & Power Asia and an affiliate of Glencore signed a Heads of Agreement (HoA) for long-term LNG supply from the Arctic LNG 2…
Thursday, 10 June 2021
German Hanseatic Energy Hub has signed a partnership agreement with LNG facility developer GNL Québec and the German logistics company Buss Group to import Canadian LNG.
Thursday, 10 June 2021
FSRU and LNGC player, Höegh LNG Holdings and its subsidiaries reported total income of $84 mill for the first quarter of 2021, in line with $84.4 mill reported in the…
Free ReadExcelerate Energy’s FSRU ‘Exemplar’ recently began operations in Bahia Blanca, Argentina. ‘Exemplar’, with a storage capacity of 150,900 cu m, will deliver LNG for the 2021 Argentinian winter season. “We…
Thursday, 10 June 2021
Engie has sold 3.7 mill GTT shares, representing 10% of the company's share capital, through an accelerated bookbuild process, at a price of €67 per share.
Beijing Gas Singapore, the trading arm of Beijing Gas Group, has requested expressions of interest for the supply of LNG from 2023 to 2032.
Free ReadOn 21st May, 2021, stock market indices provider, FTSE Russell, announced the inclusion of PAO Sovcomflot (SCF) shares in the mid-cap section of FTSE Global Equity Index. All of the…
On 4th June 2021, Sovcomflot (SCF Group) and Russian Maritime Register of Shipping (RS) signed a strategic partnership agreement during the 24th St. Petersburg International Economic Forum.

News Nudges

Sakhalin shuts production platform

Russian LNG producer Sakhalin Energy has halted the Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform for a month’s planned annual maintenance. The PA-B platform is the first to close this year for planned maintenance among Sakhalin-2’s energy production assets, the company said. Sakhalin Energy produced and shipped record LNG volumes in 2020 of more than 11.6 mill tonnes. The company supplies LNG to the Asia/Pacific region, with major customers in Japan, South Korea, Taiwan, and China.


Svitzer to provide towage services at Batangas

Philippines energy developer First Gen Corp (FGEN) has signed a 10-year timecharter agreement with Maersk affiliate tug operator Svitzer. The contract calls for towage and vessel support service for FGEN’s interim offshore LNG terminal at Batangas City. According to the company, Svitzer will provide four newbuilding Lloyd’s Register classed 75-tonne bollard pull tugs to assist the BW LNG FSRU in berthing and unberthing operations, navigation assistance, and other services.


Adams to take over Atlantic LNG

LNG producer Atlantic LNG has appointed a new CEO, Ronald Adams, effective 1st August. The current CEO, Dr Philip Mshelbila, will return to his parent company, Shell, after a three-year stint at Atlantic. Over the next two months, Dr Mshelbila will oversee the transition to Adams. Adams is a senior energy sector executive with nearly 30 years of experience across the upstream, midstream and downstream sectors of the energy industry. He has been with Shell Trinidad and Tobago Ltd since 2019, where most recently he was the General Manager Upstream Assets. .


Newbuildings and deliveries

Daewoo Shipbuilding & Marine Engineering (DSME) confirmed last week that it had signed a Won216.9 bill LNGC newbuilding contract. DSME will deliver the 174,000 cu m vessel to HMM spin-off Hyundai LNG Shipping by the fourth quarter of 2023, the shipbuilder said in a filing. She will be operated by Repsol, broking sources said. In addition, Samsung Heavy Industries also said in a regulatory filing last week that it had signed a Won417 bill contract to build two LNGCs. Under the terms of the contract, believed to be with Maran Gas for two declared options, SHI will deliver the vessels by July, 2024. In addition, Dynagas is believed to have increased its LNGC order at Hyundai to four by firming up two options held with the yard at around $193 mill per vessel. As for deliveries, on 31st May, the LNGC ‘Diamond Gas Crystal’ was delivered by Hyundai Samho. She will ship LNG from the LNG Canada project in British Columbia, as well as from other locations worldwide, under an 18-year timecharter with Diamond Gas International, a wholly owned subsidiary of Mitsubishi Corp (MC), who also has a stake in the LNG Canada project. ‘Diamond Gas Crystal’ is owned by NYK, Asia LNG Transport Dua (ALT Dua), and MC through the joint venture Diamond LNG Shipping 5 Pte Ltd. NYK will be responsible for shipmanagement. The 174,000 cu m LNGC is fitted with a WinGD X-DF diesel engine that can operate on marine gas oil or boil-off gas stored in the cargo tank. The vessel will also feature a re-liquefaction system that can use re-liquefied excess boil-off gas and return it to the cargo tank. At the end of last month, Flex LNG took delivery of its 13th and last newbuilding. The 174,000 cu m ’Flex Vigilant’ was delivered from Hyundai Samho Heavy Industries. The vessel is under a three-year timecharter with Cheniere. She is believed to be the fourth Flex LNG vessel to be chartered to the US-based exporter and operator.