In this issue

 

About 45 LNG cargoes due to be loaded in July at US export terminals were believed to have been cancelled, due to low demand being exacerbated by the COVID-19 pandemic.
Thursday, 28 May 2020
LNG buyers have returned to the market to take advantage of low prices, which could result in healthy long term demand, Poten and Partners said at a webinar held last…
London’s Baltic Exchange has added quarterly assessments (GOPEX) of the cost of operating LNG and LPG carriers to its portfolio of shipping investor tools.
Free ReadMitsui OSK Lines (MOL) and LNG Terminal Wilhelmshaven (LTW) have signed a contract with Daewoo Shipbuilding Marine Engineering (DSME) to build an FSRU. The FSRU will be used as a…
Thursday, 28 May 2020
Qatari Energy Minister, Saad al-Kaabi stressed last week that LNG production will not be cut, despite reduced demand and low global gas prices.
Thursday, 28 May 2020
OLT Offshore LNG Toscana has published its integrated ‘Report 2019 - Safety, Environment, Territory’, on data taken for 2019.
Free ReadAll the conditions for Shell Gas BV’s Final Investment Decision (FID) to build a new LNG processing unit at Nigeria LNG (NLNG) have now been met. These included formal commitments…
Nakilat has started the second phase of its fleet management transition from Shell.
Argentina's state-controlled energy concern, YPF has shelved LNG export expansion plans.
Thursday, 28 May 2020
NextDecade Corp said in its quarterly results presentation that a final investment decision (FID) on its Rio Grande LNG project (RGLNG) is not now expected until 2021, due to the…
Free ReadThe US Federal Energy Regulatory Commission (FERC) has authorised the Alaska Gasline Development Corp (AGDC) to liquefy and export LNG produced from Alaska’s North Slope. FERC granted a Section 3…
Pointe LNG has appointed Whitehall & Company as its exclusive financial advisor.
Golar has published its Sustainability Report on its website.
Thursday, 28 May 2020
Total is believed to be about to receive $15 bill of financing for the $23 bill Mozambique LNG project.

News Nudges

Bahri drops plans for LNGCs

Saudi Aramco’s shipping arm, Bahri, was said to have shelved plans to operate up to 12 LNGCs. This was due to Sempra Energy delaying its decision on whether to proceed with its Port Arthur LNG export project in Texas, sources told Reuters. Bahri issued an Expression of Interest (EOI) last year to charter the vessels from 2025. This would have marked Saudi Aramco’s first entry into LNG, as part of oil giant’s plan to become a major global player in the gas markets. In May last year, Aramco signed a 20-year agreement to buy LNG from the planned Port Arthur export terminal and also agreed to buy a 25% equity stake in the first phase of the multi-billion dollar project and later, issued the Expression of Interest (EOI) to charter the vessels.


Shipbuilding

Greek shipping company, TMS Cardiff Gas, has taken delivery of a third LNGC from Hyundai Heavy Industries. The 174,000 cu m ‘Bonito LNG’ follows the recently delivered LNGCs ‘La Seine' and ‘Amberjack LNG’. TMS Cardiff Gas said it delivered ‘Bonito LNG’ to her charterer, a major gas company, on 13th May. She is fitted with GTT’s Mark III Flex containment system and a 2-stroke, low-pressure WinGD X-DF main engine.


France LNG Shipping takes delivery of first LNGC

On 15th May, 2020, Hyundai Samho delivered the 174,000 cu m LNGC ‘Elisa Larus’ to France LNG Shipping. This marks France LNG Shipping’s, jointly owned by NYK and Geogas LNG, first long-term LNGC charter to EDF LNG Shipping, which is due to last for up to 20 years. Flying the French flag, she is fitted with a GTT Mark III Flex cargo containment system and a dual-fuel slow-speed engine - WinGD X-DF. In addition, the vessel has been awarded Bureau Veritas’ (BV) cyber security notation, which is claimed to be the first such notation awarded to an LNGC. The BV cyber notations provide procedures and methodologies to address design and operational requirements for cyber security in compliance with IMO 2021 requirements, as well as the new IACS recommendation 166.


Grain LNG launches open season second phase

UK National Grid’s Grain LNG import terminal has launched the second phase of its ongoing open season. Bids have been invited for up to 7.2 mill tonnes per annum of redelivery capacity and 380,000 cu m of associated storage, to be made available from mid-2025. The capacity on offer is a combination of new and existing capacity, which is out of contract in 2025. This expansion will increase the size of the River Medway LNG terminal to about 1.2 mill cu m. Nicola Duffin, Grain LNG Commercial Manager, said that final and binding bids are required by 15th June, 2020.