In this issue

 

The US Federal Energy Regulatory Commission (FERC) is creating a new division to look after the growing number of complex applications to site, build and operate LNG export terminals.
Free ReadThe first cargo of LNG under the long-term contract between Polish utility PGNiG and US LNG provider Cheniere Energy arrived on 26th July at the President Lech Kaczyński LNG Terminal…
Thursday, 08 August 2019
Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed an agreement to develop a floating LNG import terminal.
Thursday, 08 August 2019
A preliminary agreement has been signed between Argentinian energy concern YPF and Excelerate Energy to charter an LNGC.
Free ReadFlex LNG has completed the sale and leaseback of two LNGCs. The deal involved Hyundai Glovis paying $300 mill and providing a seller’s credit of $120 mill for 2018-built LNGCs…
Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $16.4 mill and GAAP net income per common unit of $0.12 for the second…
GasLog Partners has revealed that revenues, profit, adjusted profit and EBITDA for the second quarter of this year were of $91.8 mill, $19.1 mill, $27.8 mill and $67.5 mill, respectively.
GasLog Ltd suffered a loss of $10.5 mill for the quarter ended 30th June, 2019, compared with a profit of $14.2 mill for 2Q18.
Free ReadPAO NOVATEK’s Arc7 LNGC ‘Vladimir Rusanov’ completed a record Northern Sea Route (NSR) passage from Sabetta to Tianjin in a laden condition. ‘Vladimir Rusanov’ transited the ice-covered part of the…
Thursday, 08 August 2019
LNG tank containment system designer Gaztransport & Technigaz (GTT) has reported revenues of €122.6 mill and an EBITDA of €70.9 mill for the first half of this year.
Thursday, 08 August 2019
A letter of Intent has been signed by Australian gas ship developer Global Energy Ventures (GEV) to build up to four compressed natural Gas CNG Optimum type 200 at Yantai…
Free ReadJapan could lose its pole position as the world’s top LNG importer to China as early as 2022. By then, LNG imports in Japan are expected to decline 12% to…
Thursday, 25 July 2019
Three joint venture companies have been selected by Cyprus in the first stage of a tender to provide an FSRU to import LNG at Vassiliko Bay.
Italian oil major Eni, PetroChina and two trading houses are locked in battle to supply LNG to Pakistan in one of the largest tenders yet seen, worth billions of dollars.

News Nudges

Gunvor takes ‘Marshal Vasilevskiy’

It has been reported that Gunvor had chartered the ‘Marshal Vasilevskiy’ from Gazprom to load a gas cargo in the US. According to Refinitiv Eikon data, the dual-purpose FSRU and LNGC left Rotterdam on 4th November and is due to arrive at the Sabine Pass LNG terminal on 26th November, loading three days later. The cargo’s destination is thus far unknown. Previously, between August and November, she was chartered to Austrian company OMV and prior to that, was moored near Kaliningrad as an FSRU to offset any potential disruption to gas pipeline flows via Belarus to the area.


New Chinese receiving terminal planned

Suntien Green Energy plans to build an LNG receiving terminal in northern China have been granted state approval. The company is a Chinese wind power producer and piped gas distributor backed by the Hebei provincial government. It plans to make an initial investment of $1.15 bill in a first-stage receiving terminal, capable of handling 5 mill tonnes per annum of LNG by the end of 2022. Eventually, the terminal’s capacity will be increased to 12 mill tonnes per year. The terminal will reportedly be comprised of eight storage tanks giving 200,000 cu m capacity, and a berth suitable for LNGCs with capacities from 80,000 to 266,000 cu m. Suntien claimed that it will finance the project with its own capital, supplemented with loans from financial institutions.


Perusahaan Gas Negara signs Sinopec LNG supply deal

Indonesia’s gas distribution company, PT Perusahaan Gas Negara (PGN), is to sell LNG to China’s Sinopec next year. Sinopec required shipments of at least six LNG cargoes in 2020, PGN Director Syahrial Mukhtar told Reuters. The first shipment is expected in early January. PGN expects to source the LNG from both domestic gas fields and overseas, including from parent company’s PT Pertamina’s gas fields, it said.


Poland to charter LNGCs next year

Poland’s state-owned oil & gas company PGNiG is believed to be close to signing agreements with two or more shipping lines for the staggered charters on about six LNGCs. These vessels will ship LNG contracted on a free-on-board (FOB) basis from Sempra Energy’s Port Arthur and Venture Global LNG’s Calcasieu and Plaquemines projects.


‘LNG Dubhe’ on her way to Europe

The first of four conventional LNGCs ordered for the Yamal LNG project was delivered earlier this month. Ordered by MOL and China COSCO Shipping Corp , the ‘LNG Dubhe’ was handed over by Hudong-Zhonghua Shipbuilding. She was due to arrive at Singapore on 13th November, according to VesselFinder. Initially, ‘LNG Dubhe’ will ship Yamal LNG from European transhipment terminals or at a ship-to-ship cargo transfer location.