In this issue

 

Global LNG demand was 86 mill tonnes during the second quarter of this year, compared with 74 mill tonnes in 2Q18, an increase of 16%, GasLog said in its quarterly…
Free ReadSouth African state-owned transport logistics company, Transnet has agreed a cost-sharing agreement with IFC, a member of the World Bank Group, to undertake a feasibility study for the development of…
The European Commission (EC) has ruled that Croatian plans to support the construction and operation of an LNG terminal at Krk island are in line with EU State aid regulations.
The US Department of Energy’s (DoE) Office of Fossil Energy has approved Gulf LNG Liquefaction Co (GLLC) proposal to export domestically produced LNG from an existing terminal, located near Pascagoula,…
The US Federal Energy Regulatory Commission (FERC) is creating a new division to look after the growing number of complex applications to site, build and operate LNG export terminals.
Free ReadThe first cargo of LNG under the long-term contract between Polish utility PGNiG and US LNG provider Cheniere Energy arrived on 26th July at the President Lech Kaczyński LNG Terminal…
Thursday, 08 August 2019
Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed an agreement to develop a floating LNG import terminal.
Thursday, 08 August 2019
A preliminary agreement has been signed between Argentinian energy concern YPF and Excelerate Energy to charter an LNGC.
Free ReadFlex LNG has completed the sale and leaseback of two LNGCs. The deal involved Hyundai Glovis paying $300 mill and providing a seller’s credit of $120 mill for 2018-built LNGCs…
Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $16.4 mill and GAAP net income per common unit of $0.12 for the second…
GasLog Partners has revealed that revenues, profit, adjusted profit and EBITDA for the second quarter of this year were of $91.8 mill, $19.1 mill, $27.8 mill and $67.5 mill, respectively.
GasLog Ltd suffered a loss of $10.5 mill for the quarter ended 30th June, 2019, compared with a profit of $14.2 mill for 2Q18.
Free ReadPAO NOVATEK’s Arc7 LNGC ‘Vladimir Rusanov’ completed a record Northern Sea Route (NSR) passage from Sabetta to Tianjin in a laden condition. ‘Vladimir Rusanov’ transited the ice-covered part of the…
Thursday, 08 August 2019
LNG tank containment system designer Gaztransport & Technigaz (GTT) has reported revenues of €122.6 mill and an EBITDA of €70.9 mill for the first half of this year.

News Nudges

Awilco refinances LNGCs

Awilco LNG has signed a term sheet for the refinancing of the two 2013-built 156,000 cu m TFDEs ‘WilForce’ and ‘WilPride’. This was agreed and signed with a major leasing company based in Asia, as a sale and leaseback deal, similar to the current financing of both vessels. This enables a full take out of the existing sale/leaseback facilities maturing on 31st December this year on favourable terms. The new facility is expected to close in 4Q19 and is subject to final credit approval, documentation and customary closing conditions.


First Q-Max berths at Zeebrugge

Towards the end of last month, Zeebrugge received its first Q-Max LNGC. The Qatargas cargo, which was loaded at the Ras Laffan on 22nd June, arrived on board‘Al Dafna’ on 22nd July. It was another multi-terminal delivery from Qatargas, bringing the total number of multi-port calls undertaken by the company to eight thus far this year. ‘Al Dafna’s first LNG parcel was discharged at Zeebrugge, while the second was received at Milford Haven’s South Hook LNG terminal in the UK.


Hengtong to enter small-scale LNGC market

It has been reported that Chinese-based Hengtong Logistics has signed a framework agreement with CIMC Raffles to develop medium and small scale LNGCs and gas bunkering vessels. Under the agreement, Hengtong Logistics has chosen CIMC Raffles to become the preferred EPC contractor for the newbuilding LNGCs, as the company looks to expand into the LNG shipping and LNG bunkering sector. In addition, Hengtong is to issue convertible bonds to raise RMB300 mill to build a 7,500 cu m LNG bunkering vessel, local reports said.


GasLog receives ‘GasLog Warsaw’

GasLog took delivery of its latest newbuilding, the 180,000 cu m ‘GasLog Warsaw’, from SHI on 31st July. She is the first of eight of this type to be delivered to the company by SHI. The 297 m long Mark III Flex + fitted LNGC has a 0.07% boil off rate and a reliquefaction plant. She is powered by low pressure dual fuel 2-stroke X-DF engine. Upon her delivery, ‘GasLog Warsaw’ commenced a short term period charter with a wholly-owned subsidiary of Cheniere Energy, which will run until her long-term charter with an Endesa subsidiary starts in May, 2021.


Israel may get FLNG

According to a Reuters report, Noble Energy and Delek Drilling, the partners in the Leviathan field offshore Israel, said that they are considering building an FLNG facility for gas exports. The partners claimed that they signed agreements with Golar LNG and Exmar to provide plans for an FLNG to liquefy around 2.4-2.5 mill tonnes per year. "Liquefying the natural gas from Leviathan will enable us to transport it worldwide, thus reaching new export markets, mainly in Europe and in Asia," Delek Drilling CEO, Yossi Abu, told Reuters.