In this issue

 

Global LNG liquefaction capacity is expected to grow by 94% during 2017–2021, from 386.6 mill tonnes per annum in 2017 to 750.5 mill tonnes per annum by 2021, according to GlobalData’s latest report - Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals.

South Korea’s third-largest refiner, S-Oil Corp, has signed a 15-year LNG supply contract with Malaysia’s Petronas, starting next year, the company confirmed. 

Thursday, 31 August 2017

Total LNG trade reached 144 mill tonnes in the first half of this year, a rise of 17 mill tonnes (or 13%) from the first half of 2016. Total LNG trade reached 144 mill tonnes in the first half of this year, a rise of 17 mill tonnes (or 13%) from the first half of 2016.

Earlier this month, Dominion asked the US Federal Energy Regulatory Commission (FERC) for authorisation to test its Cove Point LNG export terminal in Maryland by introducing gas into the pre-treatment and liquefaction areas. 

Thursday, 31 August 2017

Höegh LNG Holdings and its subsidiaries reported EBITDA of $37.7 mill for the second quarter of this year, compared with $36.7 mill for the previous quarter.

Golar LNG Ltd reported an operating loss of $24 mill for the second quarter of this year, compared to a 1Q17 loss of $41.4 mill.

Thursday, 31 August 2017

FLEX LNG reported a loss before tax of $6.7 mill for the second quarter of this year, or $0.03 per share and $7.6 mill, or $0.03 per share, for the first six months of 2017.

Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch (B&V) have entered into a purchase and sale agreement (PSA) for the sale of equity interests in Golar Hilli LLC to Golar LNG Partners. 

Thursday, 31 August 2017

Höegh LNG Partners has entered into a term sheet with its joint venture partner Mitsui OSK Lines (MOL) to acquire a 23.5% equity interest in the two joint venture companies that own the FSRUs ‘Neptune’ and ‘GDF Suez Cape Ann’ for $27.3 mill. 

Shell’s giant FLNG ‘Prelude’ has officially been classed with Lloyd's Register (LR).

GE’s Marine Solutions and TMS Cardiff Gas have signed a service agreement to provide support and maintenance of four TMS LNGCs - ‘Corcovado LNG’, ‘Kita LNG’, ‘Palu LNG’ amd ‘Yari LNG’—for the next 10 years.

Framo has won the contract to deliver sea water lift pump systems for an FSRU for GasLog building at Samsung Heavy Industries.

Former Lloyd’s Register CEO Richard Sadler has been appointed COO of GasLog Ltd and GasLog Partners replacing Graham Westgarth who is retiring.

The growth of LNG carriers over the past decade has been synonymous with the growth in global LNG import and export capacity.

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.