In this issue

 

Thursday, 14 November 2019
aGasLog Ltd and its subsidiaries, reported revenues of $165.6 mill, a profit of $8.9 mill and loss per share of ($0.20) for the three-month period ended 30th September.
GasLog Partners’ recorded its highest quarterly results for revenues, adjusted profit, EBITDA in the third quarter of this year.
Thursday, 14 November 2019
Free ReadAt the end of October, Delfin Midstream entered into new agreements for front-end design and engineering work (FEED) for its newbuilding FLNG project with Samsung Heavy Industries (SHI) and Black…
Thursday, 14 November 2019
Babcock’s LGE business has celebrated its 26th order this year from South Korean and Chinese shipyards.
Thursday, 14 November 2019
Bridge electronics repair and maintenance specialists Sandvik has seen recent success in the LNGC sector.
Free ReadTeekay Corp and Teekay LNG Partners have confirmed that COSCO Shipping Energy Transportation has completed an ownership restructuring on arms-length terms, due to US sanctions.  As a result, Teekay LNG’s…
Infraestructura Energetica Nova (IENOVA) expects to make a final investment decision (FID) on building the first phase of its Mexican Energia Costa Azul (ECA) LNG export plant in early 2020,…
Lloyds Energy subsidiary, Alaska-based Qilak LNG, has signed a Heads of Agreement (HOA) with ExxonMobil Alaska Production.
Thursday, 31 October 2019
Free ReadThe US Federal Energy Regulatory Commission (FERC) has issued a Notice of Schedule for Environmental Review for Commonwealth LNG’s proposed export plant. This project encompasses the construction of an LNG…
Asia is expected to lead the world’s new LNG regasification capacity additions.
State-controlled PetroVietnam Gas (PV Gas) has begun to build the Thi Vai LNG import terminal, and also signed finance deals for the first phase of the project.
Golar Power Limited, a 50/50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Partners, has been awarded a 25-year power purchase agreement (PPA) to build a 605 MW combined…
Free ReadAustralian Industrial Energy (AIE) has lodged a ‘Modification’ to its existing Development Consent for its Port Kembla Gas Terminal to meet higher demand for natural gas during peak periods. As…
Calgary-based Pieridae Energy has closed its acquisition of all of Shell Canada Energy’s midstream and upstream assets in the southern Alberta Foothills for Can$190 mill.

News Nudges

‘K’ Line and Knutsen orders

As well as the orders reported elsewhere, ‘K’ Line has signed a timecharter contract for two LNGCs with PETRONAS for 12 years, option 12 years. The charters will start from 2022 and as a result, ‘K’ Line has ordered two 79,960 cu m LNGCs at Hudong-Zhonghua Shipbuilding Co Ltd. These are the first long-term t/c contracts between PETRONAS and ‘K’ Line using newbuildings. Each vessel will be fitted with an X-DF engine. They will ship LNG from Malaysia (Bintulu) to Shenergy (Group) Co, Ltd, China. Elsewhere, to cover the recently announced Shell charter, Knutsen has ordered two 174,000 cu m LNGCs at Hyundai Samho. They will also be fitted with X-DF engines, boil off management plants, air lubrication systems and shaft generators.


Zeebrugge in record year

Fluxys has claimed that 2019 was a ‘very intense record year’ for operations at its Zeebrugge LNG terminal. The Belgian terminal operator said that last year: 2,620 LNG trucks were loaded (compared to 1,453 in 2018); 91 cargoes were unloaded (from 33 in 2018); and 40 cargoes were reloaded (from 25), of which 20 were ‘small scale reloads’. For 2020, we expect even more transhipment operations as the fifth LNG storage tank of 180,000 cu m capacity was fully operational since December, 2019, the company explained.


More cargo orders reported

There were several LNG cargo orders circulating, according to the newswires, many coming from Indian importers. For example, India’s Reliance Industries is seeking five cargoes for delivery between April and June. Gujarat State Petroleum Corp (GSPC) is asking for nine cargoes for delivery between February and April. Indian oil Corp is looking for a cargo for delivery in April to be supplied to the Dahej terminal on 6th April. Gail (India) has bought an LNG cargo for delivery this month, according to industry sources. It bought the cargo for delivery into Dabhol, India, on a delivered ex-ship (DES) basis for 23rd to 28th February at $2.4 to $2.5 per mmBtu, the sources said. In a separate deal, Gail sold a cargo from the US Cove Point export facility on a DES basis into Europe for a February/March delivery, and probably did not award another cargo it had offered for loading in April from Cove Point, a source told Reuters. Inpex Corp. has a sold an LNG spot cargo from its Ichthys LNG project in Australia to Engie, according to a Reuters report. It is due to be loaded between 7th and 19th March on a free-on-board (FOB) basis. The cost was reported to be around $2 per mmBtu. PTT – the state-owned Thai energy company – is currently looking for one or two LNG cargoes for delivery February/March. Finally, the Sakhalin 2 LNG plant has sold an LNG cargo to Mitsui for loading on 16th March.


Tianjin top Chinese LNG importer

North China's Tianjin port was ranked the first in LNG imports last year, accounting for 10.77% of country's total port imports of LNG, according to the Tianjin Customs, reported Xinhua. LNG imports through Tianjin surged by 56% to 10.2 mill tonnes in 2019. The imports came from 10 countries, including Australia, Russia and Nigeria.


GTT receives more orders from Hyundai

GTT has received orders from Hyundai, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two LNGCs. Each vessel will have a capacity of 174,000 cu m. GTT will design the vessels’ tanks, which will be fitted with the Mark III Flex membrane containment system. The first LNGC will be built in HSHI shipyard on behalf of an unidentified Asian shipowner. This vessel delivery is scheduled for the second quarter of 2022. The second LNGC will be built at HHI for SK Shipping Co. and will be delivered during the third quarter of 2022.