In this issue

 

Thursday, 09 January 2020
Indian state-owned gas utility GAIL plans to import 90 LNG cargoes — or around 5.8 mill tonnes of LNG — from the US in the fiscal year ending 31st March,…
Thursday, 09 January 2020
Australia exported an estimated 77.5 mill tonnes of LNG in calendar 2019, beating Qatar’s figure.
Free ReadSempra LNG and Aramco Services Co have signed an Interim Project Participation Agreement (IPPA) for the Port Arthur LNG export project. The IPPA represents another milestone for both companies after…
Thursday, 09 January 2020
Nigeria LNG Limited (NLNG) took the Final Investment Decision (FID) for its Train 7 project on 27th December.
Thursday, 09 January 2020
Woodside Energy Trading Singapore Pte Ltd has entered into a long-term sale and purchase agreement (SPA) with Uniper Global Commodities to supply LNG for 13 years commencing in 2021.
Thursday, 09 January 2020
Free ReadEnergía del Pacífico (EDP) has completed project financing for an LNG-to-power facility currently under construction at Acajutla, El Salvador. The project comprises a 378 MW natural gas-fired power plant, an…
Just before the holiday break, DEPA’s Board approved the acquisition of a 20% stake in GASTRADE’s equity - the company developing an FSRU project in Alexandroupolis.
Awilco LNG has closed and completed the 10-year sale/leaseback facility with CCB Financial Leasing for the LNGCs ‘WilForce’ and ‘WilPride’.
Thursday, 09 January 2020
Nordic Investment Bank has signed a €134.1 mill loan agreement. with Lithuanian LNG and oil terminal operator AB Klaipedos Nafta (KN).
Thursday, 09 January 2020
Free ReadStena has acquired a 75% stake in 7 Seas LNG & Power AS. The company is now part of the Northern Marine Group (NMG) under a new operating name of…
Thursday, 09 January 2020
Towards the end of last year, GTT reported more success for its tank containment designs.
Thursday, 09 January 2020
The Bermudan flag LNGC ‘LNG Lokoja’ successfully avoided a pirate attack in the Gulf of Guinea by increasing speed.
Free ReadUK-based Silverstream Technologies has signed a framework agreement to retrofit a number of Shell operated LNGCs with air lubrication systems to reduce fuel consumption and lower greenhouse gas emissions.  The…
Thursday, 12 December 2019
LNG is playing an increasingly important role in Europe’s energy supply mix.

News Nudges

Tellurian extends loan maturity

Tellurian has amended the terms of its 2019 Term Loan. This includes an 18-month extension of the maturity date to 23rd November, 2021. President and CEO, Meg Gentle, said, “As announced in early March, we are making necessary changes amid challenging global conditions. We have restructured the organisation and entered into an agreement to extend our Term Loan maturity to late 2021, which swiftly completes the second critical step toward resiliency in the current market. We are working remotely with potential equity partners for the Driftwood project and implementing measures to keep our team safe and productive to regain commercial momentum when the effects of COVID-19 subside,” she said.


Sakhalin extends Svitzer contract

Copenhagen-based towage company Svitzer has won a 10-year extension of a marine service contract with Sakhalin Energy Investment Company, a consortium set up to develop and manage the oil and gas Sakhalin-II project. Svitzer has been providing towage services to the Sakhalin-II since 2007. The extension, which comes into effect in November, 2022, involves the mooring of more than 1,800 LNGCs using a fleet of four Robert Allen icebreaking tugs and two mooring boats. These vessels are operated by a team of 58 Russian crew members, supported by nine onshore staff. Commenting on the extension, Alan Bradley, Svitzer’s Cluster Manager - Asia, said;“We are very pleased that Sakhalin Energy Investment Company have chosen Svitzer as their preferred partner for 10 more years. With the extension, we are able to continue to play an important role in ensuring that oil, gas, food and supplies are reaching people and homes. Our goal is to ensure we always support the customer’s business by providing efficient marine services in their terminal – the extension of a contract as significant as this one gives us confidence that we are adding value.”


Markets

Broking sources have reported that Maran Gas has exercised yet another option for a 170,000 cu m LNGC from Daewoo. The $192 mill vessel was thought to be the 13th ordered from the South Korean yard. She is due for delivery in 2022. Several deliveries in LNG Shipping News LNGC orderbook, which see, look likely to slip backwards, due to the current situation, Fearnleys said. In the charter market, ExxonMobil was believed to have chartered the 176,300 cu m, 2016-built ‘Rioja Knutsen’ on a relet. The rate was reported as $64,000 per day.


Transhipments return to Honningsvåg

Novatek and Tschudi are reportedly returning to Honningsvåg to undertake ship-to-ship LNG transfers. Following a successful reloading operation in 2019, the companies have earmarked more STS operations to transfer LNG from Yamal Arc 7 tonnage to conventional vessels. Between November 2018 and June 2019, 123 LNG cargoes were transhipped from Arc7s to conventional LNGCs, local news sources said. Last year, Novatek said that the operation in Norwegian waters would be a ‘one off’ and it would instead be looking to transfer LNG in Russian waters off Kildin Island, northeast of Murmansk. In the medium-term, the company was thought to be trying to establish a permanent transhipment terminal near Vidyaevo, also on the Kola peninsula. Tschudi was reported to have received an updated operating permit on 30th September, 2019. At that time the number of permitted transfers was increased from 165 to 207 per calendar year, out of which, 140 LNG transfers are allowed. A Notice to Mariners issued in February this year warned of shipping activity around Honningsvåg stating that operations could be expected between 22nd March and 15th May.


Jordan Cove gets FERC nod

On 19th March, the US Federal Energy Regulatory Commission (FERC) finally approved the Jordan Cove energy project. This is the 12th LNG export project that FERC has approved since Chairman Neil Chatterjee took office, he said in a statement. To be located at Coos Bay, Oregon, Jordan Cove is also the first export terminal the Commission has certificated on the US West Coast in the lower 48. This facility will be capable of liquefying up to 1.04 bill cu ft of natural gas per day for export to global markets. The Pembina operated project includes a pipeline, plus marine loading facilities.