In this issue

 

Thursday, 17 October 2019
LNG shipping rates have surged to $130,000 per day from around $80,000 per day at the end of September due to tight vessel supply and seasonal firmness in demand.
Thursday, 17 October 2019
Free ReadIn the light of the burgeoning LNG market, Italian broking and research concern Banchero & Costa has taken a look at the state of play.  Looking at the last 10…
The US is forecast to contribute around 73% of global newbuild LNG liquefaction capacity growth by 2023.
Thursday, 17 October 2019
State-owned Pakistan LNG was said to have cancelled a tender to buy LNG over a 10-year period.
South Korean owners are co-operating in a bid to win a large tranche of LNGC orders set to be placed by Qatar Petroleum.
Free ReadAustralian-based independent oil and gas producer Santos has agreed to acquire ConocoPhillips’ northern Australia business for $1.39 bill.  This will give Santos operating interests in Darwin LNG, Bayu-Undan, Barossa and…
Thursday, 17 October 2019
Equinor has shipped the 1,000th gas cargo from its Hammerfest LNG plant in Norway.
Total has signed an agreement with the Adani Group to jointly develop multi energy services for the Indian energy market.
Free ReadWholly-owned subsidiaries of MISC Berhad (MISC), have secured agreements with ExxonMobil Corp’s subsidiary, SeaRiver Maritime to timecharter two LNGCs.  Each of the LNGCs will serve ExxonMobil’s worldwide LNG portfolio under…
Thursday, 17 October 2019
Novatek was believed to be in talks to tranship its Yamal cargoes in Norway or at Murmansk.
Thursday, 17 October 2019
Nakilat has acquired the full ownership of four Q-Flex LNGCs from its joint-venture partner, International Seaways (INSW).
Thursday, 17 October 2019
Free ReadCommercial services have started on the first of 10 liquefaction units of the Elba Liquefaction Co (ELC), a joint venture between Kinder Morgan and EIG Global Energy Partners (EIG).  Previously…
Due to the sanctions recently announced by the US against Chinese tanker companies, Teekay Corp postponed an investor and analyst meeting, which was scheduled to take place in New York…
Thursday, 03 October 2019
Centrica has loaded its first LNG cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Louisiana.

News Nudges

GTT receives another two orders

At the end of September, GTT received two orders from Samsung Heavy Industries (SHI) and Hyundai Samho Heavy Industries (HSHI) for the tank design of two LNGCs. Each vessel will have a capacity of 174,000 cu m. GTT will design their tanks, which will be fitted with the Mark III Flex membrane containment system. The SHI LNGC will be built for NYK and will be delivered during the third quarter of 2021. The HSHI LNGC will be built for an undisclosed Asian shipowner. The vessel’s delivery is scheduled for the end of the fourth quarter of 2021.


DSME wins two LNGC contracts

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) said in a stock exchange filing that it had received a contract to build two LNGCs for unidentified US interests. According to the filing, the order is worth KRW446.5 bill ($376.8 mill). Brokers have reported that BW Gas is behind the order and that they are options declared. Scheduled to be delivered by September, 2022, each LNGC will have a capacity of 174,000 cu m. DSME said that the vessels would feature MAN B&W ME-GI dual-fuel, 2-stroke, gas-injection engines and in-house full re-liquefaction systems (FRS).


Cheniere takes LNGC for period business

Brokers have reported that Cheniere has chartered the 160,000 cu m LNGC ‘Yari LNG’ for 12 months at $69,900 per day.


Record Panama LNGC transits

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 mill Panama Canal tons (PC/UMS), a 6.2% increase compared to FY18. The waterway also exceeds the 450.7 mill PC/UMS tons projection for FY19, as well as the record tonnage of 442 mill PC/UMS tons registered in the previous fiscal year. During FY19, transits for the LNG and LPG segments rose by 37.6 and 6.9%, respectively, representing the largest gain across all segments. In terms of tonnage, LNGCs accounted for 43 mill PC/UMS tons.


PETRONAS conducts third LNG STS transfer

PETRONAS LNG recently completed its third LNG delivery via a ship-to-ship (STS) transfer. It took place in Brunei Bay, Sabah, Malaysia. The delivering vessel, ‘Seri Bijaksana’, transferred 80,000 cu m of LNG to ‘Polar Spirit’ and 62,000 cu m to ‘Lerici’. The two ships then delivered the two cargoes to Chinese receiving terminals. The 1993-built ‘Polar Spirit’ is operated by Teekay LNG Partners and the 1998-built ‘Lerici’ by MISC, according to VesselsValue. PETRONAS completed its first LNG STS operation in June, 2018, and the second in April, this year.


First Gen plans FSRU

It has been reported that First Gen is considering leasing an FSRU to regas LNG imports, which can yield savings on feed gas costs. The power supplier has fixed gas supply contracts with the consortium behind the sole producing gas field in the Philippines.


Delta LNG port proposal

The US Maritime Administration (MARAD) has issued a notice stating that a public meeting concerning the proposed West Delta LNG deepwater port (DWP) license application will be held in Belle Chasse, Louisiana on 29th October. Written comments must be submitted by 6th November.


OLT launches consultation process

It is now possible to consult OLT Offshore LNG Toscana’s website (www.oltoffshore.it) on the proposal to amend the Regasification Code, previously approved by ARERA. The modifications include the clarifications published during the Gas Year 2018/2019 on OLT’s website and also the greater flexibility for terminal users’ related to the allocation of capacity procedures. Comments on the Regasification Code must be sent by 19th November, 2019.