In this issue

 

Anadarko Petroleum Corp has announced that Mozambique LNG1 Co, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC…
Thursday, 07 February 2019
According to various reports, Qatar is preparing to order up to 60 LNGCs on the back of a new liquefaction plant, which is expected to be completed in 2023.
GasLog Partners suffered a decrease in profit of $12.6 mill to $21.8 mill for the fourth quarter of 2018, compared to the same period in 2017. 
Thursday, 07 February 2019
Dynagas LNG Partners has reduced its quarterly cash distribution to $0.0625 per common unit with respect to the quarter ended 31st December, 2018 from $0.25 per common unit in the…
Thursday, 07 February 2019
Babcock International has claimed its 21st patented ecoSMRT supply contract at Hyundai Heavy Industries (HHI), since the first contract was awarded in February, 2018.
Thursday, 07 February 2019
Siemens has won a contract from Novatek’s Arctic LNG 2 to supply compressor equipment for three liquefaction trains to be sited at the project.
Sonatrach and Chinese company, China Harbor Engineering Company (CHEC), have signed a contract for the study, supply and construction of an LNGC jetty and infrastructure to be located at Skikda’s…
Thursday, 07 February 2019
Qatar Navigation’s (Milaha) subsidiary, Qatar Shipping Co, has agreed to acquire the entire stake of Qatar Investment Authority in Qatar Gas Transport Co (Nakilat) representing 5.9% of Nakilat’s share capital.…
Thursday, 07 February 2019
Wilhelmsen Ship Management (WSM) is to manage Pardus Energy’s newbuilding ‘Turquoise’ FSRU.
A commissioning ceremony for the FSRU ‘Marshal Vasilevskiy’ was held recently in the Kaliningrad Region attended by Russian President, Vladimir Putin. 
Thursday, 24 January 2019
The LNGC spot charter rate has fallen below $80,000 per day in the Pacific region for the first time since late August.  Fearnleys assessed the Pacifc spot rates at $70,000…
German utility company Uniper and Dutch-based Titan LNG have signed a Memorandum of Understanding (MOU) to accelerate the growth of LNG as a fuel in Germany by offering small-scale shipments…
Bangladesh’s second LNG terminal is expected to start operations in mid-March.
At the forthcoming Gastech exhibition and conference, eight key industry trends will drive its conference programme, due to be held in Houston on 17th-19th September this year.  The eight key…

News Nudges

GTT wins another three orders

GTT has received an order from Hyundai Heavy Industries (HHI), to design the tanks for a new 174,000 cu m LNGC, contracted by Greek shipowner, Capital Gas Carriers. The company will design the tanks of the vessel, which will be fitted with the Mark III Flex membrane containment system. The ship’s delivery is planned during the third quarter of 2021. In addition, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of two new 174,000 cu m LNGCs on behalf of the Greek shipowner Maran Gas. The delivery of these ships is planned for the first half of 2021.


Poten announces LNG courses

This June, shipbroker and analyst, Poten & Partners is to hold two LNG training courses - LNG Trading in Singapore and LNG 101 in New York. LNG Trading – From Strategy to Practice will be held in in partnership with TwoTwoFive between 11th and 13th June and will cover - • Mechanics of LNG Trading. • LNG trading in Asia. • Simulations. • Managing LNG Complexities. • Pricing Risk Management. • Key Issues and Opportunities. LNG 101 - Energy for a Cleaner Future will be held on 27th June in partnership with the NYU School of Professional Studies Center for Global Affairs. The course will provide a robust overview of the LNG value chain from upstream development, liquefaction, shipping and regasification through to downstream market delivery. Poten said that this course is ideal for: • New financial analysts focusing on energy and commodity markets or energy infrastructure; • Legal counsels and lawyers new to the gas space and contract negotiations; • New entrants to the upstream, midstream and downstream gas markets; • New strategists, planners, and analysts at government institutions focused on energy and energy infrastructure policy.


New orders announced

Samsung Heavy Industries (SHI) has received a $190 mill order from an undisclosed interest for a 174,000 cu m LNGC, according to a recent regulatory filing. The South Korean shipbuilder is scheduled to deliver the LNGC by March, 2022 to an Oceania-based shipowner. The name of the company was not disclosed, due to confidentiality reasons, Samsung said. So far this year, SHI has won orders to build eight LNGCs and one FSRU, which totalled a combined $2.6 bill of orders. Elsewhere, Daewoo Shipbuilding & Marine Engineering (DSME) confirmed this week that it had received an order to build a LNGC for an Oceania region owner. The LNGC will be built at Okpo and will be delivered by the second half of 2021, the company said in a statement. On 14th May, Mitsubishi Shipbuilding held a christening ceremony for another Sayaringo STaGE type LNGC, ‘'Bushu Maru’, being built for a joint venture between JERA and NYK.


Flex LNG files US SEC registration

FLEX LNG has publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission (SEC). This relates to the proposed listing of its ordinary shares on the New York Stock Exchange (NYSE). No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process. Following the listing, the company’s ordinary shares will be listed for trading on both the NYSE and the Oslo Stock Exchange.