During the third quarter of 2015, Teekay LNG Partners generated distributable cash flow of $61.1 mill, compared to $64.2 mill in 3Q14.
Eniram has released Eniram Engine, a new software tool to help guide triple-fuel diesel-electric (TFDE) LNGC engineers and officers use engines and fuel most efficiently.
In a review of the third quarter 2015 results, Exmar said that the LNG fleet contributed $9 mill to the operating result (EBIT) during 3Q15, compared to $8.5 mill for the same period in 2014.
The joint venture group FSP LNG is taking its flat panel semi-membrane prismatic Type B containment system through general design approval (GDA) with ABS and forecast that the construction of the first tank will begin at the end of this year.
Shipping, logistics and marine services provider GAC Group has highlighted the growing importance for LNG shipowners and operators of working with ship agents with specialist expertise and capabilities.
GTT has launched LNG Advisor - a new boil-off gas (BOG) monitoring system to be used on LNGCs while at sea.
Korea Gas Corp (KOGAS) said it received its first cargo containing 60,000 tonnes of LNG, from the GLNG project in Gladstone.
CSSC Wärtsilä Engine (Shanghai) (CWEC) held a ground breaking ceremony for its new engine factory on 28th October.
Danish security concern Risk Intelligence has launched PortRisk, a service providing intelligence on risk in ports available on demand.
In what could be a boost for Asian LNGC trading, Singapore-based Pavilion Energy has signed a 10-year sales & purchase agreement to buy LNG from a Gazprom subsidiary.
Golar LNG has won a firm contract to provide West African Gas (WAGL) with an FSRU to support Ghana’s LNG import operations.
April 23 (LNGJ) - Toho Gas, the Japanese city-gas company, has signed a second agreement to purchase LNG cargoes from the Cameron LNG export plant being built in Louisiana by US energy company Sempra, France's GDF-Suez and Japanese trading houses Mitsubishi and Mitsui. Under its latest deal, Toho will buy 200,000 tonnes per annum of LNG for 20 years from Mitsubishi's plant offtake at the US benchmark Henry Hub natural gas price. Deliveries will begin in 2018. Toho has an existing accord with Mitsui for 500,000 tonnes of LNG in total. In both deals the sellers will supply the ships and deliver the cargoes to Toho's import terminals to supply the Tokai region of west and central Japan.
Meridian LNG, controlled by Canadian equity fund West Face Capital Inc., and E.ON Global Commodities (EGC), the trading unit of the Germany-based utility, have entered into a 20-year sales agreement for LNG to be delivered into a new UK regasification terminal in Cumbria, northwest England.
The first liquefied natural gas-fuelled ferry to be deployed in North American waters has arrived in the Canadian province of Quebec where it will operate on the Saint Lawrence River.
Tanglawan Philippine LNG has been granted a ‘Notice to Proceed’ by the Philippine Department of Energy to build an LNG terminal at Batangas. The company plans to break ground this year for the regasification and receiving terminal with a capacity of 2.2 mill tonnes per annum. Commercial operations are scheduled to start by 2023. This facility will help support the demand for gas in Luzon and contribute to the sustainable development of the Philippine economy, one of the partners, Phoenix Petroleum said. A possible joint venture arrangement for Tanglawan Philippine LNG is currently being discussed between CNOOC Gas and Power Group and Phoenix Petroleum.
Driftwood moves closer
On 18th January, the US Federal Energy Regulatory Commission (FERC) issued the final Environmental Impact Statement (EIS) for Tellurian’s Driftwood LNG project. The proposed Driftwood project will be a 27.6 mill tonne per annum LNG export facility with an associated 96-mile pipeline, near Lake Charles, Louisiana, on the US Gulf Coast. Tellurian President and CEO, Meg Gentle, said, “Tellurian thanks the FERC for a thorough review and for remaining on schedule. We look forward to receiving the agency’s order granting authorisation to site, construct and operate our Driftwood project. “Tellurian will then stand ready to make a final investment decision (FID) and begin construction in the first half of 2019, with the first LNG expected in 2023.”
Brokers have reported that MOL has ordered two 174,000 cu m LNGCs at DSME on the back of Uniper charters for 2021 deliveries. In addition, DSME was also thought to have won orders for another three 173,400 LNGCs from Alpha Gas, bringing the Greek owner’s total up to five newbuildings. The price was said to be $185 mill each and the vessels are also set for delivery in 2021. In addition, the three TMS Cardiff Gas orders reported recently were said to have cost $179 mill per ship.
’Prelude’ starts production
Shell’s ‘Prelude FLNG’ commenced production offshore Western Australia last month. ‘Prelude FLNG’ will separate and liquefy the gas produced from the well to produce LNG, LPG and condensate, which will then be loaded on gas carriers and tankers from the FLNG in sequence. The giant 488 m long FLNG was built at Samsung Heavy Industries’ Geoje shipyard and arrived in Australia in September, 2017. She received her first gas in June last year from the LNGC ‘Gallina’ to test the FLNG, including the offloading arms.
Elengy to sell Fos terminal capacity
French energy company, Elengy is preparing to sell Fos Tonkin LNG terminal’s access capacities during 2021-2030. Under the plan, Elengy will offer its potential customers several types of services, including the conventional unloading of Medmax-type LNGCs with a capacity of 75,000 cu m, the reloading of small-scale LNGGCs for bunkering purposes, as well as LNG truck loading. The sale will be launched next month. Detailed information concerning the services offered will be provided in the information memorandum at the opening of the sale, Elengy said. An expert in LNG for over 50 years, Elengy owns the Fos Tonkin LNG terminal and is a 72.5% shareholder in Fosmax LNG, owner of the Fos Cavaou LNG terminal.
GTT meets with more success
GTT has received orders from Samsung Heavy Industries (SHI) for the tank design for two LNGCs ordered by GasLog and two for NYK. The GasLog newbuildings will each have a capacity of 180,000 cu m and the tanks will be fitted with the Mark III Flex+ containment system. The vessels' delivery is expected for Q2 and Q3 of 2021, respectively, GTT said. Earlier, GTT had announced that SHI had contracted the tank design of two new 174,000 cu m LNGCs ordered by NYK. These tanks will be fitted with the Mark III Flex membrane containment system. The vessels' deliveries are scheduled between the third and the fourth quarters of 2021.