In this issue

 

Train 2 of the US Gulf Cameron LNG project, located in Hackberry, LA, reached final commissioning stage earlier this month.
The first LNGC due to load at Kinder Morgan's Elba liquefaction facility was still alongside on Wednesday morning, according to Marine Traffic.
Thursday, 12 December 2019
Free ReadFrench energy concern Elengy conducted an open subscription period (OSP) for the Montoir-de-Bretagne LNG terminal, from July to November, 2019. The OSP consisted of offering the unsubscribed regasification capacity -…
Thursday, 12 December 2019
Turkey’s state oil and gas concern Botas is to purchase a newbuilding FSRU.
Thursday, 12 December 2019
Freeport LNG started commercial operations with its first liquefaction train on 8th December, 2019.
Thursday, 12 December 2019
Free ReadEarlier this month, the Canada Energy Regulator (CER) approved a revised application from Chevron Canada to export LNG for a period of 40 years. This was an increase from the…
Thursday, 12 December 2019
Polish Oil and Gas Co (PGNiG) is to be the sole user of the small-scale LNG reloading station in Klaipeda, Lithuania for five years.
GTT has signed a technical assistance and license agreement (TALA) with Chinese shipyard WISON Offshore & Marine (WOM).
Thursday, 12 December 2019
Bureau Veritas Marine & Offshore (BV) has granted approval in principle (AiP) to the design for a 19,000 cu m LNG bunkering vessel with a GTT membrane type tank.
Thursday, 12 December 2019
Free ReadThe Korean Register (KR) and Hyundai LNG Shipping (HLS) signed a memorandum of understanding (MOU) on 2nd December, agreeing to conduct joint research on the application, verification and development of…
Thursday, 28 November 2019
As the LNG spot market continues to mature it will behave more like other bulk shipping sectors, influenced by geopolitical and financial factors, a new report suggests.
The US has accounted for the world’s highest volume of global long-term LNG export contracts this year, according data and analytics company, GlobalData.
Thursday, 28 November 2019
Free ReadQatar Petroleum (QP) announced earlier this week that it will raise its LNG production capacity to 126 mill tonnes per annum by 2027.  This amounts to an increase of 64%…
Thursday, 28 November 2019
The US Federal Energy Regulatory Commission (FERC) has approved four LNG export projects and related facilities.

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.