In this issue

 

Thursday, 26 May 2022
Free ReadUkraine situation seen as boosting potential FSRU use. Höegh LNG Holdings reported a total income of €91.8 mill and an EBITDA of $54.4 mill for the first quarter of 2022.…
Thursday, 26 May 2022
Two FSRUs were chartered out recently - one from Excelerate and the other involving Golar.
The Oil Companies International Marine Forum (OCIMF) has published a study analysing ship-to-ship (STS) transfers under varying environmental conditions.
Mitsui OSK Lines (MOL) has held a pu1blic/private sector anti-piracy training session on board the LNGC 'LNG Mars'.
Free ReadOslo-based Aqualung Carbon Capture, a provider of membrane CO2 capture technology, has completed new equity investment from several partners worth $10 mill. The partners included Delek US, Global Ship Lease,…
Last year, world LNG imports reached 372.3 mill tonnes, an increase of 16.2 mill tonnes, compared with 2020.
In 2021, the European Union (EU) was the world’s third largest seaborne importer of LNG, with a 15.8% share.
Free ReadThe US is set to dominate the number of North America’s planned LNG liquefaction projects by 2026. It will contribute around 68% of the total project startups between 2022 and…
Cheniere Energy’s subsidiary, Corpus Christi Liquefaction Stage III, has signed a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources US Corp, an ARC Resources company.
Lithuanian operator of oil and liquefied natural gas (LNG) terminals, Klaipedos Nafta (KN), has announced the procedure for allocating capacity at the Klaipėda LNG terminal.
To fast track LNG terminals, the German Government has chartered four FSRUs - two from RWE and two from Uniper.
Thursday, 12 May 2022
Free ReadIn its first quarter 2022 results release (see page 9), GasLog Partners took a look at the market. Global LNG supply was around 102.5 mill tonnes in the first quarter…
On 27th April, the US Department of Energy (DOE) issued long-term orders authorising an additional 0.5 bill cu ft per day of LNG exports from two projects.
Thursday, 12 May 2022
On 9th May, Gasunie signed a binding contract to lease a second FSRU to be located at Eemshaven.

News Nudges

Höegh’s unitholders’ meeting date agreed

Höegh LNG Partners has agreed upon a record date of 22nd August for a special meeting of its unitholders currently planned to take place on 20th September. At this meeting, the holders of the Partnership's common units will vote on the proposed merger with a subsidiary of Höegh LNG Holdings. Partnership common unitholders of record at the close of business on 22nd August will be entitled to receive notice of the special meeting and will be able to to vote at it.


Ships - Newbuildings, sales, deliveries

NYK in partnership with, “K” Line, MISC Berhad, and China LNG Shipping (Holdings), has signed a long-term timecharter contract with QatarEnergy. This involves seven 174,000 cu m LNGCs, which were subsequently ordered by the partners at Hyundai Heavy Industries. They will be fitted with X-DF 2.1 iCER 2-stroke engines and air lubrication systems, both of which will contribute to a reduction of GHG emissions and an improved environmental impact, NYK said. Their deliveries are planned for 2025/2026. Excelerate Energy has signed a letter of intent (LoI) with Hyundai Heavy Industries for an 170,000 cu m FSRU. The vessel will be delivered in 2026, the company revealed during its second quarter results presentation. An option for a second vessel is also under discussion. DSME has confirmed the receipt of an order for a single LNGC from undisclosed interests worth around $238 mill. She is due for delivery in September, 2026. As for vessel deliveries, BW LNG held a naming ceremony for two LNGC newbuildings at DSME’s Okpo Shipyard, on 10th August. Both ships have a carrying capacity of 174,000 cu m, and are fitted with ME-GI propulsion units and full reliquefaction systems. Upon their delivery, ‘BW ENN Snow Lotus’ will go on long term charter to Chinese energy major ENN, while ‘BW Cassia’ will be handed over to bp. Awilco LNG has announced a new timecharter agreement for the ‘WilForce’. The LNGC has been chartered to an undisclosed oil major for around six months. This contract is estimated to contribute with an EBITDA of about $17 mill over the charter period, Awilco said. Earlier, the company had fixed a three, plus two year option charter commencing in December, which will be covered by the ‘WilPride’, which is trading in the spot market until her delivery. Finally, GasLog’s 2007-built, 142,100 cu m steam turbine LNGC ’Methane Shirley Elisabeth’ has been sold to Indonesian interests for $54 mill.


Cove point milestone

Cove Point has shipped its 300th cargo since it started commercial operations in April, 2018. Berkshire Hathaway subsidiary BHE GT&S, the operator of the LNG terminal located in Maryland, said it loaded the cargo at the end of July. BHE GT&S has a 25% stake in the export terminal, while Dominion Energy has 50 % and Brookfield 25%. Cove Point has a storage capacity of 14.6 bill cu ft and a daily send-out capacity of 1.8 bill cu ft. LNG is produced for ST Cove Point, a joint venture between Japan’s Sumitomo Corp and Tokyo Gas, and for India’s Gail under 20-year contracts.


‘Prelude’s’ maintenance postponed

Last week, Shell said that it will defer ‘Prelude’s’ planned maintenance work until next year. The work was due to be undertaken on the giant FLNG next month. Shell cited industrial action at the site off northwest Australia, as the reason behind the postponement. A Shell spokesperson said that the extensive maintenance work, or turnaround, would be put off until next year, with the timing depending on a range of factors, including weather conditions, contractor availability, and when the current industrial action ends. Shell shutdown the 3.6 mill tonne per year FLNG last month over a long-running pay dispute.