In this issue

 

Thursday, 12 November 2020
Free ReadWeak economic outlook fuelled by the COVID-19 pandemic has led to LNG exporters revisiting their strategies and capital expenditure (capex) plans for 2020. According to GlobalData, the fall in oil…
Thursday, 12 November 2020
The expected rise in demand for carbon-neutral LNG under de-carbonisation goals is pushing the sector to reduce CO2 emissions, driving LNG shipping advancement, Drewry Maritime Research said in a note.
Qatar and Singapore have signed the first long-term LNG contract to detail emissions.
NOVATEK has signed long-term charter deals for six Arc7s with Sovcomflot and Japan’s Mitsui OSK Lines (MOL).
Thursday, 12 November 2020
Free ReadIndia’s first LNG FSRU has been classed by Indian Register of Shipping (IRClass). Built by Hyundai Heavy Industries in Ulsan, South Korea, the Indian flagged 180,000 cu m FSRU, ‘Vasant…
Thursday, 12 November 2020
AES Corp will sign a deal with PetroVietnam Gas to develop a $2.8 bill LNG import terminal and power plant in Vietnam.
Chevron Corp’s Gorgon LNG plant’s Train 2 is to come back online in the second half of November.
Thursday, 12 November 2020
Sempra Energy is considering its financing and investment options to fund the construction of its North American LNG export infrastructure plans.
Thursday, 12 November 2020
Free ReadChina’s Foran Energy Group is to purchase 26 LNG cargoes over the next five years from US LNG exporter Cheniere Energy. A Foran company signed an agreement with a Cheniere…
Thursday, 12 November 2020
GasLog Ltd. and its subsidiaries reported revenues of $156.7 mill for the third quarter of 2020, compared with $165.6 mill for 3Q19.
Thursday, 12 November 2020
Gaztransport & Technigaz (GTT) revenues for the first nine months of 2020 has benefited from the flow of orders over the last two years.
Free ReadWärtsilä has been awarded a five year optimised maintenance agreement covering the main engines for two new 174,000 cu m LNGCs managed by Greek-based Thenamaris LNG. The vessels, ‘Cool Discoverer’…
Thursday, 12 November 2020
The Gate terminal regasification plant, located at the Maasvlakte, Rotterdam, has signed a contract with Spanish engineering group, SENER to provide engineering, procurement and construction management (EPCM) services.
Bernhard Schulte Shipmanagement (BSM) has received DNV GL class approval to offer liquefied cargo operations (LICOS) training course remotely through its Limassol Maritime Training Centre (MTC).

News Nudges

KBR gets Plaquemines EPC contract

Venture Global LNG has awarded KBR the engineering, procurement and construction (EPC) contract as lead contractor for Phase 1 of the Plaquemines LNG export project. KBR will integrate modularised, owner-furnished equipment for the 10 mill tonnes per annum nameplate facility, identical to the systems being delivered and installed at Venture Global LNG's Calcasieu Pass project. Plaquemines has received all the required regulatory approvals and has already signed binding 20-year offtake agreements with PGNiG (2.5 mill tonnes per annum) and EDF (1 mill tonnes).


Zvezda cuts steel for first LNGC

On 20th November, 2020, a steel cutting ceremony took place for the first of 15 icebreaking LNGCs. These were ordered by SCF Group from Zvezda Shipbuilding Complex to serve the Arctic LNG 2 project. Shipbuilding, financing, lease, and timecharter contracts were signed by SCF, NOVATEK, Zvezda and VEB.RF Group last year. The first of the new Arc7s is scheduled for delivery in the first quarter of 2023. In total, SCF was involved with the ordering of 15 vessels in this series - the lead LNGC was ordered directly by SCF, while the other 14 vessels were ordered by SMART LNG, a joint venture between SCF and NOVATEK. Their construction is being supervised by the Russian Maritime Register of Shipping.


Great Lakes to dredge Brownsville ship channel

NextDecade Corp has contracted Great Lakes Dredge & Dock Corp (Great Lakes) to perform essential improvements to the Brownsville Ship Channel. These improvements, which include deepening the Channel, will enhance commercial navigation into and out of the Port of Brownsville, to help ensure the safe and reliable access of LNGCs to NextDecade’s Rio Grande LNG facility and optimising the ability of shallower draft traffic to pass LNGCs in either direction in accordance with US Coast Guard guidelines. NextDecade, in co-ordination with the Port of Brownsville, has completed the permitting process for the project activities within the scope of the Dredge and Disposal Construction Agreement (DDCA).


Delfin snaps up Spieler

Experienced shipping veteran, Oscar Spieler, has joined Delfin Midstream as Executive Chairman. Spieler has had spells as CEO of Golar LNG, Frontline and Sea Production, and as Chairman of Quantafuel. While at Golar, he successfully led the development and execution of the first FLNG, delivering FLNG ‘Hilli Episeyo’ under budget and putting her into commercial operation. Delfin recently announced the completion of a FEED for a newbuilding FLNG.


Ship deliveries

Capital Gas has taken delivery of the newbuilding LNGC ‘Aristos I’, from Hyundai Heavy Industries. With cargo capacity of 174,000 cu m, the vessel is powered by X-DF engines and equipped with an air lubrication system and increased filling limits (more than 99%). She is the first of seven sisterships to be delivered between 2020-2023 and has been chartered to BP Shipping for a period up to 12 years. Elsewhere, the first of 12 Very Large Ethane Carriers (VLECs) being built to ABS Class with an LNG Cargo Ready notation has been delivered to Zhejiang Satellite Petrochemical (STL) by Samsung Heavy Industries (SHI). ABS’ notation provides assurance that the VLEC can be upgraded to trade LNG cargoes in the future. The ’Seri Everest’, the largest VLEC built thus far with more than 98,000 cu m capacity, is the first of a phase-one order by STL, which was subsequently sold to MISC Berhad (MISC). A second phase of the order includes six vessels, bringing the total to 12, scheduled to operate from the US to China to support STL’s ethane cracker facility in Jiangsu province. In the charter market, it has been reported that Awilco’s LNGC ‘WilForce’ has been chartered at $80,000 per day.


Nakilat fleet management transition second phase

Nakilat has completed the second phase of its fleet management transition from Shell International Trading and Shipping Co. This involved seven LNGCs transitioned to its in-house technical and operational management. The Q-Max LNGC 'Lijmiliya' became the seventh and final vessel to transition from Shell to Nakilat Shipping Qatar Limited (NSQL). The first phase involved 10 LNGCs and began in late 2016 and was completed in August, 2017. Shell will continue to manage eight LNGCs for Nakilat until the final phase of transition.


Gorgon’s Train 2 back online

Chevron’s Gorgon LNG Train 2’s production has restarted following welding issues discovered earlier this year. Train 2 went offline for scheduled maintenance on 23rd May and weld quality issues were subsequently found in heat exchangers in July. "Insights gained from Train 2 repairs will contribute to more efficient inspections and potential repairs on Trains 1 and 3," a company spokesman said in an email to S&P Global Platts. Inspections and potential work will take place on Train 1 and then on Train 3, Chevron said. Meanwhile, Santos plans to shut one of its production trains at its Gladstone Liquefied Natural Gas (GLNG) project in January. According to a notice posted on the AEMO website, one train will be offline between 2nd and 7th January for scheduled maintenance. The plant’s two production trains have combined nameplate capacity of 7.8 mill tonnes per annum on Curtis Island.


SHI wins order for block materials

Samsung Heavy Industries (SHI) has won a contract worth $2.5 bill to supply block materials to a client in the Eurasian region. This marked the shipbuilder's largest single ship contract, the company said in a filing. Details were not disclosed, but SHI had joined Zvezda in the design of the new Arc7s to be built at the Russian shipyard. In the filing, SHI said that the contract period is valid until December, 2025. SHI also said that it expected to win additional orders related to large-scale LNG projects, such as Mozambique and Qatar, plus other ship types.