In this issue


Thursday, 05 January 2017

A wholly-owned subsidiary of GasLog Ltd has agreed a sale and purchase agreement (SPA) to acquire a 20% shareholding in Gastrade.

Thursday, 05 January 2017

Höegh LNG has signed an FSRU contract with Global Energy Infrastructure Limited (GEIL) for GEIL's LNG import project in Port Qasim, near Karachi, Pakistan.

Thursday, 05 January 2017

Last month, the ABS-classed ‘Ethane Crystal’, the world’s first Very Large Ethane Carrier (VLEC), loaded her first ethane cargo at Enterprise Products Partner’s Morgan’s Point Terminal.

Centrica has signed a five year sales and purchase agreement (SPA) with Japanese utility JERA, the world’s largest buyer of liquefied natural gas (LNG).

Qatari LNG exporter RasGas delivered the first LNG cargo at the Fluxys-operated Zeebrugge LNG terminal’s second receiving jetty last month.

DSME and Kongsberg Maritime have signed a joint development agreement (JDA) for a new LNG FSRU regasification control system.

Thursday, 05 January 2017

French energy Giant ENGIE has inaugurated Turkey’s first floating LNG import terminal in co-operation with construction companies Kolin and Kalyon.

Thursday, 05 January 2017

On the 25th November, 2016 Europe Technologies Group signed a Memorandum of Agreement (MOU) with the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited (SRDC).

Wärtsilä has signed a 10-year maintenance agreement with MOL LNG Transport Europe, an affiliate of the Japanese MOL Group.

Thursday, 05 January 2017

Maran Gas Maritime has ordered the company’s first FSRU.

Following the earlier announcement that Vopak and Exmar had started exploratory discussions on floating LNG storage and regasification, both companies have signed an agreement for Vopak to acquire Exmar’s FSRU business.

Höegh LNG Partners is to acquire a 51% ownership interest in Höegh LNG Colombia Holding (Grace Holding), the sole owner of Höegh LNG FSRU IV Ltd and Höegh LNG Colombia SAS from a subsidiary of Höegh LNG Holdings Ltd.

Thursday, 08 December 2016

Golar LNG has suffered a third quarter 2016 operating loss of $28.3 mill, compared to a loss of $37.2 mill in the previous quarter. The net loss was $23.9 mill.

Thursday, 08 December 2016

David Furnival of Bernhard Schulte Ship Management has been appointed SIGTTO President, succeeding TOTAL’s Luc Gillet who has stepped down following a three-year term.

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.