In this issue

 

Nakilat held its bi-annual fleet officers meeting (FOM) between 27th and 28th March, 2017 in Doha. 

Ireland’s €500 mill Shannon LNG import terminal is reportedly back on track amid Brexit energy concerns, according to a recent report by Dublin-based Irish Examiner.

Thursday, 30 March 2017

In November, 2016, PAO Sovcomflot (SCF) celebrated its 10th anniversary as an independent operator of gas carriers, as the first LNGC joined its fleet on 7th November, 2006. 

Thursday, 30 March 2017

Tanker and LNGC owner Tsakos Energy Navigation (TEN) generated net income of $11.9 mill in the fourth quarter of 2016. 

Thursday, 30 March 2017

Law firm Ince & Co has advised Golar LNG on its recent $187 mill sale-and-leaseback deal with COSCO Shipping Development for the 2014-built, 160,000 cu m ‘Golar Crystal’. 

GTT has received an order from Hyundai Heavy Industries to fit a new LNGC with a Mark III Flex containment system. 

Paris-based International Group of LNG Importers (GIIGNL) has published an updated version of its LNG Custody Transfer Handbook. 

ABB will supply the power and electric propulsion system for a new FSRU for BW Group. 

Trelleborg's marine systems operation and Teekay Marine Solutions are to launch a pneumatic fender system at next week’s Gastech exhibition.

Wärtsilä, Houlder and Trelleborg are to introduce a new small to mid-scale LNG distribution infrastructure concept at Gastech. 

The crew of the recently delivered Knutsen LNG managed 176,300 cu m LNGC ‘La Mancha Knutsen’ successfully fought off a pirate attack about 90 miles south of Port Harcourt, Nigeria on 10th March. 

Thursday, 16 March 2017

The US Senate’s vote to confirm Rick Perry as the new US Energy Secretary has won the approval of two LNG groupings - Natural Gas Supply Association (NGSA) and Center for Liquefied Natural Gas (CLNG). 

US Congressman John Garamendi (D- CA), ranking member of the sub-committee on the US Coast Guard and maritime transportation, has introduced HR 1240 - the ‘Energising American Maritime Act.’  

Thursday, 16 March 2017

Japan imported 8.3 mill tonnes of LNG in January, an increase of 1.06 mill tonnes, compared to the previous year. 

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.