In this issue


Thursday, 08 December 2022
Ahead of the impending Russian oil sanctions, which have sent the tanker charter market into orbit, VesselsValue (VV) has taken a look at the LNGC sector. 
Free ReadLNG import capacity in the European Union (EU) and the UK will expand by 34%, or 6.8 bill cu ft per day, by 2024, compared with 2021.  This was the…
Italy will need to significantly increase its LNG import capacity, Eni’s CEO said last week.
Global seaborne LNG trade has continued to surge this year, helped by the disruption to Russian pipelines and increased stockpiling in Western Europe.
Thursday, 08 December 2022
Free ReadChina's Shenzhen Energy Group has signed a long-term agreement with oil major bp to buy LNG.  According to a Reuters report, this agreement is Shenzhen Energy's first long-term international LNG…
Thursday, 08 December 2022
Egypt is to ramp up its LNG exports this year to over 8 mill tonnes, some 14% higher than 2021.
Thursday, 08 December 2022
UK-based petrochemical company, INEOS has signed a 20-year contract with Sempra Infrastructure for the supply of around 1.4 mill tonnes per annum of LNG from Phase 1 of the Port…
Thursday, 08 December 2022
US energy major ConocoPhillips has signed two agreements with QatarEnergy to supply LNG to Germany on a long term basis.
Thursday, 08 December 2022
Free ReadJapan could be poised to take spot LNG next year, as more than 6 mill tonnes per year of long-term LNG supply contracts are due to expire - a trend…
New Fortress Energy (NFE) has finalised agreements with Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop a project off the Veracruz coast in Southeastern Mexico. 
Thursday, 08 December 2022
The Awilco LNG Group reported a net loss of $5.1 mill and loss per share of $0.04 for third quarter of this year, down from a net zero result in…
Thursday, 08 December 2022
The first ship-to-ship (STS) LNG transfer in Greek territorial waters was completed with the support of GAC Greece’s shipping and project logistics teams.
Thursday, 08 December 2022
Free ReadEnbridge has finalised its partnership agreement with Pacific Energy Corp to jointly invest in the construction and operation of the Canadian Woodfibre LNG project. The company said that it now…
Thursday, 08 December 2022
Watson Farley & Williams (WFW) has advised Norddeutsche Landesbank Girozentrale (NORD/LB) on the long-term financing of an LNG import terminal to be built at Stade-Buetzfleh, Lower Saxony, Germany. 

News Nudges

Weathernews to address LNG cargo sloshing

Worldwide weather forecaster, Weathernews is working on a platform to help LNGCs estimated time of arrival (ETA) in port. By forecasting inclement weather, this will help the vessels to steam around safely off a port while regulating the cargo’s pressure without the threat of excess sloshing occurring. Some sloshing is necessary to provide boil-off gas but heavy weather can cause a threatening sloshing momentum.

Adriatic LNG looks to 2029

Adriatic LNG has announced it is testing the market for an open season from 2029 onwards. The company is looking to award long term capacity allocations from January, 2029. Available capacity from that date has been published on its website and interested parties have until 12th May this year to respond.

White & Case advises Excelerate on SPA

US-based law firm White & Case has advised Excelerate Energy on its 20-year LNG sale and purchase (SPA) agreement with Venture Global LNG. Under the agreement, Excelerate will purchase 0.7 mill tonnes per annum of LNG on a free-on-board (FOB) basis from the Plaquemines LNG facility in Plaquemines Parish, Louisiana, located about 20 miles south of New Orleans. White & Case’s team was led by partner Jamie Franklin (Houston) plus Thomas Pate (New York), local partner Kristian Bradshaw (Tokyo), and included associates Michael Richter (Tokyo) and Samer Mahjoub (Houston) and international law clerk Angeles Femenia (New York).

Woodside to join Platts’ platform

Woodside Energy Trading Singapore has advised Platts, part of S&P Global Commodity Insights, that it would like to participate in the Platts Market on Close assessment processes for EMEA - Atlantic LNG - Physical. Platts said that it had reviewed the request and will consider information from the entity in the assessment processes, subject to adherence with Platts editorial standards. Platts will publish all relevant information from Woodside Energy Trading Singapore accordingly, it advised.

Ships - Newbuildings, sales, charters

Hyundai Samho Heavy Industries (HSHI) has won an order to build three LNGCs for the equivalent of almost $255 mill each. The contracts were thought to be placed by NYK. According to a filing by parent KSOE, the vessels are due to be delivered in stages to the end of 2027. In addition, Daewoo Shipbuilding & Marine Engineering (DSME) has won a Won679.4 bill contract to build two LNGCs from Greek shipper Maran Gas Maritime, according to a filing. Meanwhile, the 142,100 cu m 2006-built LNGC ‘Gaslog Athens’ has been sold to undisclosed interests for about $55 mill, while the LNGC mentioned in Golar’s financial presentation as purchased for a conversion project, was said to be the 2004-built 149,172 cu m ‘Fuji LNG’. Brokers have reported that the 1983-built 125,568 cu m LNGC ‘Adriatic Energy’ has been sold to Bangladesh recyclers for around $680 per ldt, or $22 mill, on the basis of ‘as is’ Singapore. She has around 3,760 tonnes of aluminium on board. In addition, the 1989-built ‘Grace Energy’ was reported sold to Indian sub-continent buyers for $684 per ldt with 2,400 tonnes of aluminium on board. Excelerate Energy has extended the timecharter of the FSRU ‘Explorer’ with Dubai Supply Authority (DUSUP). Under the terms of the new agreement, the timecharter period will be extended by five years from the end of the existing contract, due to expire in the fourth quarter of 2025. The FSRU ’Explorer’ was initially chartered to DUSUP in 2015 to complement existing supply sources. ‘Explorer’ is moored at DUSUP's Jebel Ali LNG import terminal. In another FSRU deal, through its subsidiary Triumph Offshore Private Limited (TOPL), Indian-based Swan Energy Limited (SEL) sign an agreement to lease out its FSRU ‘Vasant One’ to Botas, Turkey’s state-owned natural gas and LNG company. The bareboat charter is for $250,000 per day for 12 months, which is extendable by mutual agreement.