In this issue

 

Thursday, 21 February 2019
OLT Offshore LNG Toscana regasification terminal is working at almost 100% of its full capacity.  After less than a year from the implementation of the new allocation mechanism via auction, OLT reached…
Thursday, 21 February 2019
German LNG Terminal GmbH, a joint venture involved in Germany’s first LNG terminal at Brunsbuettel, has signed another long-term commercial capacity agreement with an undisclosed global LNG supplier. 
Thursday, 21 February 2019
Chevron USA Inc, a wholly owned subsidiary of Chevron Corp, has signed a sales and purchase agreement (SPA) with GS Caltex Corp for the delivery of LNG to South Korea.
Thursday, 21 February 2019
The US Coast Guard’s Marine Safety Unit (MSU) Lake Charles conducted a facility safety inspection at the Cameron Liquefied Natural Gas (LNG) facility recently, in preparation for the loading of…
Thursday, 21 February 2019
Nakilat has reported a net profit of QAR892 mill for 2018 (QAR1.61 per share), an increase of 5.3% on the previous year. Excluding the 2017 one-off item (available for sale…
Thursday, 21 February 2019
GasLog Ltd has reported record quarterly results.
Kawasaki Kisen Kaisha’s (‘K’ Line) LNGC ‘Oceanic Breeze’ made her maiden call at Naoetsu LNG terminal operated by INPEX Corp with a cargo from the Ichthys gas facility.
Thursday, 21 February 2019
On 7th February, 2019, Excelerate Energy and Equinor Energy completed the first LNG ship-to-ship (STS) transfer in The Bahamas. Using Excelerate’s FSRU ‘Exemplar’ and Equinor’s LNGC ‘Arctic Voyager’, a full…
Thursday, 21 February 2019
NAPA, the maritime software, services and data analysis provider, has announced that after a competitive tender, INPEX Corp is to install NAPA’s solution for monitoring and follow-up of ship operations.
The 16,100 cu m ‘Tango’ FLNG has arrived in Bahia Blanca, Argentina, following a 45-day voyage from China, Exmar has confirmed.
Signum Technology Group company, KLAW LNG, has delivered what it claims is the world’s first fully automated LNG safety transfer system to Montego Bay, Jamaica. Working in partnership with Exida…
Thursday, 21 February 2019
Air Products is to provide its proprietary LNG technology, equipment, and related process license to Golden Pass Products LLC, a joint venture between Qatar Petroleum and ExxonMobil, for the Golden…
Thursday, 21 February 2019
The spate of recent LNGC orders continues to bring good news for GTT. 
Thursday, 07 February 2019
Based on Wood Mackenzie’s current forecasts, 2019 is anticipated to be the strongest year ever for LNG market supply growth. 

News Nudges

GTT wins another three orders

GTT has received an order from Hyundai Heavy Industries (HHI), to design the tanks for a new 174,000 cu m LNGC, contracted by Greek shipowner, Capital Gas Carriers. The company will design the tanks of the vessel, which will be fitted with the Mark III Flex membrane containment system. The ship’s delivery is planned during the third quarter of 2021. In addition, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of two new 174,000 cu m LNGCs on behalf of the Greek shipowner Maran Gas. The delivery of these ships is planned for the first half of 2021.


Poten announces LNG courses

This June, shipbroker and analyst, Poten & Partners is to hold two LNG training courses - LNG Trading in Singapore and LNG 101 in New York. LNG Trading – From Strategy to Practice will be held in in partnership with TwoTwoFive between 11th and 13th June and will cover - • Mechanics of LNG Trading. • LNG trading in Asia. • Simulations. • Managing LNG Complexities. • Pricing Risk Management. • Key Issues and Opportunities. LNG 101 - Energy for a Cleaner Future will be held on 27th June in partnership with the NYU School of Professional Studies Center for Global Affairs. The course will provide a robust overview of the LNG value chain from upstream development, liquefaction, shipping and regasification through to downstream market delivery. Poten said that this course is ideal for: • New financial analysts focusing on energy and commodity markets or energy infrastructure; • Legal counsels and lawyers new to the gas space and contract negotiations; • New entrants to the upstream, midstream and downstream gas markets; • New strategists, planners, and analysts at government institutions focused on energy and energy infrastructure policy.


New orders announced

Samsung Heavy Industries (SHI) has received a $190 mill order from an undisclosed interest for a 174,000 cu m LNGC, according to a recent regulatory filing. The South Korean shipbuilder is scheduled to deliver the LNGC by March, 2022 to an Oceania-based shipowner. The name of the company was not disclosed, due to confidentiality reasons, Samsung said. So far this year, SHI has won orders to build eight LNGCs and one FSRU, which totalled a combined $2.6 bill of orders. Elsewhere, Daewoo Shipbuilding & Marine Engineering (DSME) confirmed this week that it had received an order to build a LNGC for an Oceania region owner. The LNGC will be built at Okpo and will be delivered by the second half of 2021, the company said in a statement. On 14th May, Mitsubishi Shipbuilding held a christening ceremony for another Sayaringo STaGE type LNGC, ‘'Bushu Maru’, being built for a joint venture between JERA and NYK.


Flex LNG files US SEC registration

FLEX LNG has publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission (SEC). This relates to the proposed listing of its ordinary shares on the New York Stock Exchange (NYSE). No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process. Following the listing, the company’s ordinary shares will be listed for trading on both the NYSE and the Oslo Stock Exchange.