In this issue

 

Thursday, 31 October 2019
Gaztransport & Technigaz (GTT) earned revenue of almost €200 mill for the first nine months of this year, a rise of 8.7% over the same period of 2018.
Thursday, 31 October 2019
Free ReadLNGCs require constant monitoring and proactive maintenance to ensure safe and reliable operation.  Digitalisation provides the means to accomplish this, and comprehensive data-processing services can extract actionable insights from monitoring…
Thursday, 31 October 2019
Alfa Laval’s dual-fuel boilers, Gas Combustion Unit (GCU) and services, offer a complete portfolio of solutions for boil-off gas (BOG) safety on board vessels, the company claimed.
Thursday, 31 October 2019
China’s largest LEG shipowner - Pacific Gas- is to install Inmarsat’s Fleet Xpress connectivity on all its vessels.This will also include Inmarsat’s Fleet Secure Endpoint, which is aimed at negating…
Thursday, 17 October 2019
LNG shipping rates have surged to $130,000 per day from around $80,000 per day at the end of September due to tight vessel supply and seasonal firmness in demand.
Thursday, 17 October 2019
Free ReadIn the light of the burgeoning LNG market, Italian broking and research concern Banchero & Costa has taken a look at the state of play.  Looking at the last 10…
The US is forecast to contribute around 73% of global newbuild LNG liquefaction capacity growth by 2023.
Thursday, 17 October 2019
State-owned Pakistan LNG was said to have cancelled a tender to buy LNG over a 10-year period.
South Korean owners are co-operating in a bid to win a large tranche of LNGC orders set to be placed by Qatar Petroleum.
Free ReadAustralian-based independent oil and gas producer Santos has agreed to acquire ConocoPhillips’ northern Australia business for $1.39 bill.  This will give Santos operating interests in Darwin LNG, Bayu-Undan, Barossa and…
Thursday, 17 October 2019
Equinor has shipped the 1,000th gas cargo from its Hammerfest LNG plant in Norway.
Total has signed an agreement with the Adani Group to jointly develop multi energy services for the Indian energy market.
Free ReadWholly-owned subsidiaries of MISC Berhad (MISC), have secured agreements with ExxonMobil Corp’s subsidiary, SeaRiver Maritime to timecharter two LNGCs.  Each of the LNGCs will serve ExxonMobil’s worldwide LNG portfolio under…
Thursday, 17 October 2019
Novatek was believed to be in talks to tranship its Yamal cargoes in Norway or at Murmansk.

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.