In this issue

 

Thursday, 28 November 2019
As the LNG spot market continues to mature it will behave more like other bulk shipping sectors, influenced by geopolitical and financial factors, a new report suggests.
The US has accounted for the world’s highest volume of global long-term LNG export contracts this year, according data and analytics company, GlobalData.
Thursday, 28 November 2019
Free ReadQatar Petroleum (QP) announced earlier this week that it will raise its LNG production capacity to 126 mill tonnes per annum by 2027.  This amounts to an increase of 64%…
Thursday, 28 November 2019
The US Federal Energy Regulatory Commission (FERC) has approved four LNG export projects and related facilities.
Thursday, 28 November 2019
Gunvor and Commonwealth LNG have entered into a LNG marketing & gas supply agreement whereby the trading house will secure the exporter’s full capacity offtake.  
Free ReadThe first US LNG cargo bound for the Ukraine has arrived at the Polish receiving terminal at Swinoujscie.  This shipment represents the start of an alternative, non-Russian gas supply for…
Thursday, 28 November 2019
Free ReadIndependent infrastructure fund manager, DIF Capital Partners, has signed an agreement with Geogas Maritime and Access Capital Partners, to acquire a 50% stake in a French company that will own…
Thursday, 28 November 2019
Teelay LNG Partners has reported a considerable increase in net income in the third quarter of this year.
Thursday, 28 November 2019
Golar LNG suffered a third quarter operating loss of $13.7 mill, compared to losses of $23.4 mill in the previous quarter of this year.
Thursday, 28 November 2019
Free ReadThe Awilco LNG Group has recorded freight income for the third quarter this year of $6.7 mill, up from $3.9 mill reported for 2Q19.  This rise was attributable to ‘WilPride’,…
Flex LNG has reported an increase in revenues to $29.8 mill for the third quarter 2019, compared to $19 mill for 2Q19.
Thursday, 28 November 2019
Höegh LNG Holdings has reported a net profit of $3.2 mill for the third quarter of this year and an EBITDA of $55.9 mill.
Free ReadDynagas LNG Partners suffered a net loss of $4.7 mill for the three months ended 30th September, 2019, compared to a net loss of $0.7 mill in 3Q18.  The 3Q19…
Thursday, 28 November 2019
Atlantic Gulf & Pacific (AG&P) has invested in Kanfer Shipping (Kanfer), an Norwegian-based developer of small-scale LNGCs, breakbulk solutions, floating storage facilities, as well as LNG bunkering. Kanfer has designed…

News Nudges

NYK and Pertamina in LNG shipping tie-up

NYK and PT Pertamina International Shipping (PIS), a wholly owned subsidiary of PT Pertamina (Persero), the Indonesian state-owned oil and gas company, have signed a memorandum of understanding (MoU) for energy transportation. Energy transportation demand, especially in LNG, is expected to increase in Indonesia. This agreement covers ownership and management, while both companies have started discussions concerning a joint business, particularly involving the ownership and management of LNGCs as exclusive partners.


First LNGC fitted with fuel saving device delivered

Daewoo Shipbuilding & Marine Engineering (DSME) has delivered an LNGC fitted with its air lubrication system (ALS). Delivered to Maran Gas Maritime, this was the first LNGC to be fitted with a DSME ALS. DSME claimed that compared to existing LNGCs, the new vessel installed with an ALS can save more than 5% of fuel. Maran Gas confirmed the fuel savings during trials in October and asked DSME to apply the technology to its next vessel, the shipbuilder said.


Cove Point loads 100th LNGC

Dominion Energy’s Cove Point LNG Terminal loaded its 100th commercial LNGC on 11th November just 19 months after the facility opened. Located in Lusby, Maryland, the Cove Point LNG Terminal became the US’ second largest LNG export facility and the first on the East Coast, when it entered commercial operation on 9th April, 2018. Cove Point produces LNG under 20-year contracts for ST Cove Point, a joint venture of Sumitomo Corp and Tokyo Gas, and for Gail Global (US) LNG, the US affiliate of GAIL (India).


SHI wins conditional LNGC contract

Samsung Heavy Industries (SHI) has reportedly won a conditional order from an unidentified Eurasian client to build an LNGC. The vessel is due to be delivered in September, 2022, SHI said in a regulatory filing, adding that details would not be disclosed in agreement with the client. "This contract is conditional, so if the contract is confirmed or changed, we will re-disclose details," the shipbuilder said in a statement.


Golar LNG in sale and leaseback deal

A Golar LNG subsidiary has signed a sale and leaseback deal with CSSC Shipping, the financial leasing unit of China State Shipbuilding Corp, for one of its 140,000 cu m LNGCs. CSSC Shipping will purchase the vessel for $147 mill and charter her back to Golar LNG for $159.65 mill over a 36-month charter period. She is to be converted into an FSRU and delivery is scheduled for March next year.