In this issue

 

Mitsubishi Heavy Industries Marine Machinery & Engine (MHI-MME) recently delivered a regas boiler to Hyundai Heavy Industries to be fitted on a Höegh LNG FSRU. 


The regas boiler fitted on board an FSRU provides the regasification unit with the required heat power (evaporation). 

The boiler type for this project is a dual fuel (oil/gas) MAC type -MAC-90BF- (evaporation = 90 tonnes per hour), which is claimed to be highly reliable and has a long life. 

By recovering the heat from the regas boiler’s exhaust gas, the boiler efficiency is improved by 12.5%, ie from 82.5% up to 95%, MHI-MME claimed, also saying that it achieved a huge NOx reduction of less than 100 mg per cu Nm when in gas firing mode, which, is relevant when operating in a NECA. 

MHI-MME has delivered more than 400 main dual fuel boilers and by applying this highly reliable technology to the dual fuel auxiliary boiler, including the regas boiler, the company said that this technology satisfies the latest 
environmental regulations. 

The Australian Government has raised its LNG exports forecast for fiscal 2016-2017 (July-June) to 52.4 mill tonnes, compared with an earlier figure of 51.5 mill tonnes.  

Total US shale gas production is expected to hit 90 bill cu ft per day by 2040, more than twice the current levels, the US Energy Information Administration (EIA) has said.

Thursday, 19 January 2017

Standard Chartered (SC) has concluded a $684.5 mill, up to 12-year non-recourse shipping finance facility, for BW Gas JuJu LNG Limited - a joint venture between BW Group and Marubeni.

Teekay’s 173,000 cu m LNGC ‘Oak Spirit’ has delivered the first gas cargo from the US for Japan.

Thursday, 19 January 2017

Haimen-based shipbuilder China Merchants Heavy Industry (Jiangsu) held the keel laying ceremony last week for the first of Saga LNG’s two mid-size LNGCs.

Höegh LNG has signed of a contract with Hyundai Heavy Industries for another FSRU, which is due to be delivered in the fourth quarter of 2018 (FSRU #9).

The contract was signed by Andrey Okhotkin, Sakhalin Energy Commerce director and by the head of Gazprom Global LNG marine traffic commerce department, Ryan McGuckin, on behalf of GMT.

ElectroGas Malta (EGM) has awarded the operation and maintenance contract for the Delimara regasification plant, including the LNG FSU ‘Armada LNG Mediterrana’ - to Reganosa.

Thursday, 19 January 2017

GasLog’s latest LNGC contract awarded to Samsung last October will be fitted with GTT’s new Mark V technology.

CSSC Wärtsilä Engine (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corp (CSSC), formally opened its new production facilities located at Lingang, Shanghai, on 9th January.

Thursday, 19 January 2017

Simon Crowe has advised the Boards of both GasLog Ltd and GasLog Partners that he will step down from his position as CFO on 30th June, 2017.

Excelerate Energy has signed a long-term sale and leaseback deal involving the FSRU ‘Experience’ with a wholly owned subsidiary of CMB Financial Leasing.

The joint venture behind the China FOB Transportation project took delivery of the LNGC ‘CESI Qingdao’ from Hudong-Zhonghua Shipbuilding on 6th January.

News Nudges

Applications to export US LNG

The US Department of Energy (DoE) has received two applications to export LNG. One application was received from Freeport LNG Development for authorisation to export previously imported LNG on a short-term basis. The second application concerned Dominion Cove Point LNG, who asked for authorisation to export previously imported LNG on a short-term basis. Comments must be received by 12th May, the DoE said.


Three elderly LNGCs sold

Broking sources have reported the sale of 1978-1979- built LNGCs ‘LNG Leo’, ‘LNG Gemini’ and ‘LNG Virgo’, to Sinokor. They are of 126,750 cu m capacity and are fitted with GE turbines. No price indication was given.


Höegh takes delivery of another FSRU

Höegh LNG took delivery of its latest FSRU newbuilding, the 170,000 cu m ’Höegh Giant’, on 27th April. The FSRU was built by the South Korean shipbuilder, Hyundai Heavy Industries and will be moored at the Tema LNG Project in Ghana under a 20-year charter contract with Quantum Power (QP), who also has a further five year option period. Start-up is expected in the middle of next year. Höegh LNG has three more FSRUs under construction, which are scheduled for delivery in the first and fourth quarters of 2018, and the second quarter of 2019, respectively. “We have 10 FSRUs in operation or under construction, and intend to continue growing by winning more contracts and adding to our newbuilding programme, while seamlessly starting up commercial operations in new locations. Our ambition is to remain the market leader in the FSRU industry,” Sveinung Støhle, President and CEO, said.


GasLog extends charter - drops down another LNGC

On 28th April, 2017, GasLog signed an amendment to the ‘GasLog Skagen’ seasonal timecharter agreement, by which the seasonal charter was replaced by a continuous timecharter for 2.4 years, due to end in August, 2019. The amended charter will cover the same number of fixed days as the previous seasonal charter and will eliminate redelivery risks at the beginning and end of each seasonal period. In addition, the amended charter will provide assurance of revenue through August, 2019. In addition, GasLog has confirmed that GasLog Partners has completed the acquisition of 100% of the shares in the entity that owns and charters the 174,000 cu m, tri-fuel LNGC ‘GasLog Greece’. She has been operated by GasLog since her delivery in 2016 and is currently on a long-term timecharter with a wholly owned subsidiary of Royal Dutch Shell through March, 2026. Shell has the option to extend this charter by an additional five years.