In this issue

 

Thursday, 02 April 2020
Free ReadIn a complete reversal of its gas export business, Cheniere Energy has issued an expression of interest to purchase six LNG shipments for delivery to Europe in late 2020. Cheniere…
Thursday, 02 April 2020
Greece’s Gastrade’s market test binding phase for capacity reservation at the Alexandroupolis FSRU terminal was successfully completed on 24th March, 2020.
Thursday, 02 April 2020
In a statement issued last week, Australian energy developer Woodside outlined its planned cutbacks to cope with the current virus pandemic.
Thursday, 02 April 2020
Free ReadCanada’s Woodfibre LNG construction has been delayed, partly due to COVID-19, the company said last week. Woodfibre has applied to the Canadian British Columbia provincial Environmental Assessment Office for an…
Thursday, 02 April 2020
Australian LNG supplier, Santos has also announced financial measures deemed appropriate to the current environment to ensure it continues as a low-cost, reliable and high performance business throughout the cycle.
Thursday, 02 April 2020
On 23rd March, Golar Power, a joint venture between Golar LNG Ltd and Stonepeak Infrastructure Partners, reached COD on the 1.5 GW Brazilian Porto de Sergipe I power project.
During the first quarter of this year, a record 74 LNGC operations took place at Fluxys Zeebrugge terminal.
Thursday, 02 April 2020
Free ReadEnergy Transfer is to take over development of the Lake Charles LNG export project, following Shell’s announcement that it will not to proceed with its equity investment. Shell told Energy…
Thursday, 02 April 2020
Last week, Sempra Energy gave an update on its various LNG projects.
Thursday, 02 April 2020
Höegh LNG Holdings has received a commitment letter from five of the company’s banks for an amendment and extension plus a $45 mill increase of the debt facility for the…
Thursday, 02 April 2020
In its 2019 annual report, gas carrier owner EXMAR said its liquidity position had improved.
Free ReadGasLog Ltd is to apply Nippon Paint Marine’s A-LF Sea hull coating in its current drydocking programme. Claimed to be an ultra-low friction coating system, A-LF Sea employs a patented…
“We are already experiencing a strong interest in a terminal for liquefied natural gas in Brunsbüttel,” claimed Katja Freitag, spokesperson for German LNG Terminal GmbH, in an interview with the…
Wednesday, 18 March 2020
Oslo based consultancy Rystad Energy lowered its forecasts for natural gas prices in Europe and Asian spot LNG last week amid concerns about the spread of the coronavirus.

News Nudges

Adriatic receives first Q-Flex

Qatargas has delivered the first Q-Flex LNG cargo to the Adriatic LNG receiving terminal in Italy. The Qatargas-chartered LNGC, ‘Tembek,‘ loaded at Ras Laffan on 9th June and arrived at the Adriatic LNG terminal on 21st June. This terminal is located around 14 km offshore of Porto Levante in the northern Adriatic near Rovigo. It was the world's first offshore gravity-based LNG regasification terminal. Operated by ExxonMobil (70%); Qatar Terminal Ltd (23%), a subsidiary of Qatar Petroleum; and Snam (7%), the terminal is connected to the Italian national distribution network through integrated pipelines. It has a regasification capacity of 8 bill cu m of LNG per year and it currently supplies over 10% of the country's natural gas requirements, Qatargas said.


Orders and deliveries

Hudong-Zhonghua Shipbuilding Co, part of China State Shipbuilding Corp (CSSC), is to build three LNGCs worth Yuan3.9 bill ($551.62 mill). The 174,000 cu m LNGCs will be operated by COSCO Shipping Energy Transportation (CSET), a subsidiary of COSCO Shipping. They will be deployed under a 20-year charter to PetroChina. The three vessels are expected to be delivered between the end of 2022 and early 2023, a spokesperson at Hudong-Zhonghua told Reuters. They will be fitted with X-DF propulsion units and membrane type containment systems. Liu Hanbo, CSET Chairman, told Reuters that the construction of the new LNGCs is in response to the government’s call to expand domestic demand and to safeguard China’s energy security. Elsewhere, Norwegian shipowner Knutsen OAS has taken delivery of a newbuild LNGC from Hyundai Heavy Industries (HHI). The 180,000 cu m ’Traiano Knutsen’ has begun her long term charter with Enel upon her delivery. Knutsen has another four 174,000 cu m LNGCs on order with HHI, all of which are scheduled for delivery next year, as well as an 30,000 cu m LNGC at Hyundai Mipo also for delivery in 2021.


Sonatrach extends Total deal

Algerian state energy company Sonatrach has signed a deal with Total to continue the supply of 2 mill tonnes a year of LNG to France for another three years. Relations between Sonatrach and Total had deteriorated after Algeria blocked the sale of Anadarko assets to the French company, energy sources had told Reuters.


Korea Lines spins off LNGC segment

Korea Lines has reportedly completed its planned spin-off of its LNG shipping business into a separate entity. A new company — Korea LNG Shipping — now owns 11 LNGCs, all of which are under term charters with South Korean state-controlled importer Kogas. Four of these vessels are owned in a consortium. Korea LNG Shipping is also due to take delivery of another two LNGCs from Hyundai Samho Heavy Industries (HSHI) in 2022.


Tianjin tops LNG imports in China

North China's Tianjin came top in the list of the country’s LNG import ports for the first five months of this year. Tianjin accounted for about 19.5% of the country's total LNG imports, according to the Tianjin Customs, reported Xinhua. From January to May, LNG imports through the port increased 24.8% year-on-year to hit 4.97 mill tonnes as LNG prices kept falling. Tianjin LNG imports during the period mainly came from Australia, Russia and Southeast Asia, which added up to 75.4% of the port's total LNG imports.