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In this issue

 

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.
Thursday, 12 November 2015
Golar LNG has won a firm contract to provide West African Gas (WAGL) with an FSRU to support Ghana’s LNG import operations.
Friday, 27 November 2015
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…
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…
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.
Friday, 27 November 2015
April 24 (LNGJ) - Energy and LNG engineer company Chicago Bridge and Iron posted net income for the first quarter of $132.2 million, an increase of 40 percent compared with…
Nordic liquefied natural gas operator Skangass said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori.
GDF-Suez, the European utility and LNG player, has rebranded itself and will now be known as ENGIE to reflect the "profound change" in the energy world.

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.