In this issue


Following on from the article on Page 1 of LNG Shipping News of 11th May, about FSRU opportunities on the Indian sub-continent, courtesy of the FSRU Summit organisers, we look at who could be next in Asia. 

Recently, US Coast Guard Port State Control Officers undertook an examination on board an LNGC. 

Thursday, 25 May 2017

GTT has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two LNGCs with its NO96 GW containment system. 

Thursday, 25 May 2017

The South Korean Supreme Court has announced the verdict of a three-year-old patent dispute over LNG boil-off gas (BOG) technology involving three shipyards. 

Samsung Heavy Industries has awarded TMC Compressors (TMC) a contract to deliver a marine compressed air system to  an FSRU under construction for Höegh LNG. 

On 19th May, Nakilat assumed full shipmanagement and operations of the Q-Flex LNGC ‘Onaiza’ from STASCo, as part of its planned and phased vessel transition programme. 

With more than 1.7 bill people, the Indian sub-continent countries face massive power deficits. 

Thursday, 11 May 2017

In its first quarter 2017 earnings report, GasLog took a look at the markets. 

The number of LNGCs transiting the Panama Canal could average one per day by 2021. 

Cheniere Energy has reported first quarter 2017 revenue of $1.1 bill, while consolidated adjusted EBITDA was $483 mill. 

Late last month, the US Department of Energy (DoE) announced that it had signed an order authorising Golden Pass Products to export domestically produced LNG to countries that do not have a free trade agreement (FTA) with the US. 

John Fredriksen’s Flex LNG is attempting to finance the purchase of two MEGI LNGCs currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME). 

ENGIE and the AES Corp are to enter into a joint venture to market and sell LNG to third parties in Central America.

GasLog and its subsidiaries have announced revenues of $128.3 mill, a profit of $23.4 mill and earnings per share of $0.08, for the first quarter of this year. 

News Nudges

DSME to postpone LNGC deliveries

According to a South Korean stock exchange filing, Daewoo said it was close to postponing the deliveries of two LNGCs ordered by European interests. The vessels were originally due to be handed over by the end of this year.

Traders short listed for two import terminals

Bangladesh has short listed commodity traders Trafigura and Gunvor to arrange the installation of two FLNG import terminals in 2018. “Trafigura and Gunvor have been short listed out of 13 companies for two 200 mill cu ft per day LNG import terminals,” a director at state-run energy firm Petrobangla’s LNG division told Reuters. Petrobangla will hold talks with the companies and deals will then be finalised, he added. It was believed Bangladesh needs the terminals to be in place in 2018, the newswire said. Gunvor will use an FSRU barge provided by EXMAR, which will fit the shallow water conditions at Chittagong in southeastern Bangladesh where both terminals will be located, sources told Reuters.

GAIL takes LNGC for three years

Indian state-owned energy company GAIL is believed to be close to chartering a TOTAL operated, Teekay owned, LNGC. The charter was thought to be for three years and the vessel will be used to ship LNG from the US beginning January, 2018.