In this issue

 

EXMAR has confirmed that it has entered into a binding Term Sheet with Swan Energy (Swan) for the joint development and operation of the Jafrabad LNG Port project, to be located in Gujarat State, India.

Wednesday, 25 November 2015

The first LNG cargo bound for the new receiving terminal at Świnoujście in Poland has left Ras Laffan in the Q-Flex ‘Al Nuaman’.

Wednesday, 25 November 2015

Nanjing Tanker, jointly owned by Sinotrans and China Shipping Corp (CSC) has reportedly signed an agreement with China Huadian Green Energy Co, a subsidiary of state run energy group Huadian Corp, to jointly develop LNG as a business.

Wednesday, 25 November 2015

The Pakistan State Oil Co (PSO) has launched two tenders to buy 120 LNG cargoes over five years, following earlier purchases from Egypt and Jordan this year.

Moscow-based shipping concern, Sovcomflot (SCF), reported that its gas shipping division saw an increase of 67.5% in its timecharter equivalent (TCE) results during the first nine months of this year.

Daewoo (DSME) has completed the impact testing for the world’s first ice breaking LNGC.

British Columbia’s (BC) Nanaimo Port Authority is to develop a new navigation system programme.

On 10th November, Mitsui OSK Lines (MOL) held a naming ceremony for the newbuilding LNGC ‘LNG Jurojin’, which is co-owned by MOL and Kansai Electric Power (KEPCO), at the Nagasaki Shipyard of Mitsubishi Heavy Industries (MHI).

Wednesday, 25 November 2015

On 10th November, Alexey Miller, Gazprom Management Committee chairman and Nizar Al-Adsani, Chief Executive Officer and Deputy Chairman of Kuwait Petroleum Corp (KPC) signed a Memorandum of Understanding outlining the main areas of potential partnership between the two companies in LNG, LPG and other petroleum products, as well as in sci-tech co-operation and investments.

Wednesday, 25 November 2015

Some 71 Bonny Gas Transport (BGT) employees have completed an 18 month industrial training programme at Hyundai Heavy Industries (HHI).

In a blow to US gas imports, New York Governor Andrew Cuomo has vetoed the Port Ambrose Liquefied Natural Gas Deepwater Port project, citing security and economic concerns along with the potential to negatively impact offshore wind development.

Rotterdam-based not for profit organisation Green Award Foundation now has 50 LNGCs certificated in addition to tankers, drybulk carriers and inland waterway barges.

Wednesday, 25 November 2015

Samsung Heavy Industries (SHI) held a keel laying ceremony for Petronas’ second floating liquefaction plant, ‘Petronas Floating LNG2’ (PFLNG2), in Geoje Island, South Korea on 28th October.

Transas has installed a fifth simulator for high-level Dunkirk pilot training.

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.