In this issue

 

Trinidad and Tobago is expected to contribute around 25%, or 820 mill cu ft per day, of the Americas natural gas production in 2025.
Free ReadThere will be a tight, seasonal shipping market this winter, Jefferson Clarke, Poten & Partners head of LNG Analytics forecast. He said that the main market fundamentals going forward would…
Thursday, 16 September 2021
Qatar Petroleum’s (QP) Ras Laffan Port, located in Ras Laffan Industrial City, has become the first port in the Arabian Gulf to join the international Green Award network.
Thursday, 16 September 2021
Santos and Oil Search have entered into a Merger Implementation Deed (MID), under which the two companies will merge via an Oil Search Scheme of Arrangement.
Thursday, 16 September 2021
Vietnam aims to start importing LNG next year, according to a senior government minister.
Thursday, 16 September 2021
Free ReadPGNiG (Polish Oil and Gas Co) is to purchase an additional 2 mill tonnes per annum of LNG from Venture Global for 20 years. Cargoes will be supplied from Venture…
The Philippines Department of Energy (DOE) said that it had approved Atlantic Gulf & Pacific Company’s (AG&P) permit-to-construct application for its first LNG import facility that will come online by…
PAO Sovcomflot (SCF), NOVATEK and Admiral Nevelskoy Maritime State University (MSUN) have signed a co-operation agreement to train the specialist vessel crew needed for the Arctic LNG-2 project.
Thursday, 16 September 2021
Free ReadDynagas LNG Partners reported net income of $9.1 mill for the three months ended 30th June, 2021, compared to $6.4 mill in the corresponding period of 2020, an increase of…
BW Offshore has partnered with international global infrastructure investors for the equity financing of the LNGFPSO for the Barossa gas field offshore Australia.
Thursday, 16 September 2021
Belgian LNG and LPG vessel owner, EXMAR has reported an EBIT of $17.6 mill for the first half of 2021, compared to $11.3 mill for the same period in 2020.
Mitsui OSK Lines (MOL) has signed a Letter of Intent with Russian public joint-stock company, State Transport Leasing Company (GTLK), to acquire 49% shares of the subsidiary Kamchatka and Murmansk…
Thursday, 16 September 2021
Free ReadWärtsilä is to collaborate with ABS and Hudong-Zhonghua Shipbuilding (HZS) to develop a flexible, modular LNGC vessel concept. Wärtsilä’s Integrated Systems and Solutions team is working alongside specialists from ABS…
Thursday, 16 September 2021
RusKhimAlyans, Linde, and Renaissance Heavy Industries have signed an engineering, procurement and construction (EPC) contract to build a natural gas liquefaction plant within Ust Luga’s gas processing complex (GPC).

News Nudges

Petronet mulls East Coast import terminal

Major Indian LNG importer, Petronet is planning a third import facility to be located on the Eastern side of the country. In its Annual Report, Chairman Tarun Kapoor said that the company intends to deploy an FSRU at Gopalpur in Odisha state. He revealed that Petronet had completed the pre-project studies and is preparing the Detailed Feasibility Report (DFR) for a 4 mill tonnes per annum FSRU, followed by a pre-feasibility report for a 5 mill tonnes land-based terminal, which could follow at a later date.


Appointments

German LNG Terminal‘s Managing Director, Rolf Brouwer has returned to Vopak after successfully building up the company at Brunsbüttel on the River Elbe. As of this month, the new Managing Directors will be the Head of Finance & Administration, Philipp Kroepels and Dr Michael Kleemiss, who is a representative of shareholder Gasunie. * Excelerate Energy has appointed David Liner as Vice President of Operations and Maintenance. With over 25 years of maritime experience in the oil and gas industry, Liner will oversee the company’s FSRU fleet and port operations, including fleet personnel and technical teams. * Burckhardt Compression’s CEO, Marcel Pawlicek, together with the Board, has started a planned and transparent succession process for the position of CEO. After almost 40 years at Burckhardt Compression in various regions and positions, the last 10 years as its CEO, Pawlicek said that it felt like the right time to undertake a well-planned succession process. A proposal will be considered at the 2023 Annual General Meeting to include Pawlicek on the Board. The search will include both internal and external candidates and will likely run until the end of this year with a new CEO being in place at the start of the new financial year beginning April, 2022, the company said.


More cargoes revealed

Giant Japanese energy group, Inpex Corp, is to ship a carbon neutral LNG cargo. The cargo will be loaded at Inpex’s Ichthys LNG project and is expected to arrive at Toho Gas’ Chita LNG Terminal on 18th September, 2021. The LNG shipment’s carbon footprint has been offset using carbon credits applied to greenhouse gas emissions across the entire natural gas supply chain, including upstream production, liquefaction, transportation, regasification, marketing and combustion by customers in Japan. Meanwhile, Pakistan LNG Limited (PLL) has invited bids for eight conventional cargoes to be delivered in December, 2021 and January, 2022. Bids will be opened on 11th October, 2021, according to the website. Four cargoes of up to 140,000 cu m each are to be spread over four windows in December, 2021. The remaining four cargoes are scheduled for delivery through January. All of the cargoes are to be supplied on a Delivered Ex-Ship (DES) basis to Port Qasim, Karachi. Gail (India) has issued a tender to buy two LNG cargoes for delivery into India. The company also offered a US cargo, industry sources said this week. It is seeking a cargo for delivery into Dabhol in November and a cargo for delivery into Dahej in December. It has offered a cargo for a Cove Point loading in January next year. The tender was due to close on 15th September. Gail has 20-year deals to buy 5.8 mill tonnes a year of US LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass facility.


Newbuildings, deliveries, etc

Through a subsidiary company, Mitsui OSK Lines (MOL) has signed timecharter contracts for four newbuilding LNGCs with NOVATEK Gas & Power Asia. The 174,000 cu m vessels will be built by Daewoo Shipbuilding & Marine Engineering (DSME) for delivery in 2024. They will be powered by MAN Energy Solutions engines, which offer major improvements in fuel efficiency, MOL said. A new design has also been adopted whereby less boil-off gas (BOG) is generated from the cargo tanks through the use of a reliquefaction plant on board, and shaft generators will be fitted that use the rotating propeller shafts for power generation. Meanwhile, broking sources have reported that the two 170,520 cu m LNGCs ordered by Pan Ocean at HHI, were contracted on the back of a Shell timecharter. Both vessels are due for delivery in 2023 and were ordered for the equivalent of $199.6 mill each. GasLog has announced on social media that it has completed the conversion of the ‘Gaslog Singapore’ to an FSU. This conversion, a first for Gaslog, was undertaken by Sembcorp Marine in Singapore and the vessel has been chartered for 10 years to operate at the Sinolam LNG terminal in Panama. She will be used to receive and store LNG while moored off Colon. Shell will supply the LNG. The LNG will then be piped to an onshore regasification facility for use as feedstock for a power plant being built by Sinolam Smarter Energy LNG Power Co, a unit of private Chinese investment firm Shanghai Gorgeous. In addition, Latsis subsidiary, Latsco Shipping, has taken delivery of the 174,000 cu m ‘Hellas Athina’, its second LNGC. She followed the ‘Hellas Diana’. Both vessels were built by Hyundai Samho Heavy Industries (HSHI). Trafigura has chartered the LNGCs, which are fitted with WinGD’s X-DF engines and GTT’s Mark III Flex containment system. Elsewhere, broking sources have reported to sale of the 1983-built LNGC ‘North Energy’ and the 1980-built ‘South Energy for recycling. The 125,788 cu m MOSS type ‘North Energy’ has been sold with delivery on the Indian sub-continent range for $710 per ldt, including 3,500 tonnes of aluminium on board. She was built as the ‘Banshu Maru’ and has also traded as the ‘Wilenergy’. The 126,750 cu m MOSS type ‘South Energy’ was reportedly sold for $720 per ldt, also with 3,500 tonnes of aluminium, plus 1,200 tonnes of bunkers remaining on board. She was built in the US as ‘Lake Charles’ before becoming the ‘LNG Edo’.


HHI to market new designs at Gastech

Hyundai Heavy Industries (HHI) is to lobby global ship quality assurance and risk management companies, such as Lloyd's Register and flag states, to approve its newly developed gas carrier designs at next week’s Gastech. HHI's newly developed designs include a 40,000 cu m liquefied carbon dioxide carrier, a 91,000 cu m ammonia carrier and a 40,000 cu m FSRU. A preliminary deal will be signed with Lloyd's Register to commercialise its virtual test-run solution of LNGCs, called HiDTS (Hyundai intelligent Digital Twin Ship). HiDTS obtained an approval in principle (AIP) from LR last January, which means that a certification agency has reviewed its basic design and confirmed it meets its technical requirements and safety standards.