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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

Ferrol receives first Corpus Christi gas cargo

Ferrol’s Reganosa’s receiving terminal recently welcomed its inaugural LNG cargo from Corpus Christi, Texas, which was also the first to be delivered from the Texas plant to a Spanish receiving terminal. The gas, a Trafigura cargo, was shipped on the LNGC ‘Excalibur’. Corpus Christi is the third largest US LNG export facility and began operations last December.


‘Prelude’ exports first cargo

On Monday, Shell shipped the first LNG cargo from the delayed FLNG ‘Prelude’ moored off northwest Australia. “Today’s (Monday’s) first shipment of LNG departed from ‘Prelude’ FLNG, safely,” Shell’s integrated gas and new energies director, Maarten Wetselaar, said in a statement. The cargo was shipped on the LNGC ‘Valencia Knutsen’ to Asian customers, Shell said, without giving any other details. “How fast ‘Prelude’ delivers its second and third cargo and ramps up to plateau output will be a key indicator of success,” said Daniel Toleman, an analyst at Wood Mackenzie, talking with Reuters.


Board changes at Teekay LNG Partners

Teekay GP LLC, the general partner of Teekay LNG Partners, has announced changes to its Board. Effective immediately, Alan Semple, David Schellenberg, Richard Paterson, and Sylvia Barnes have joined the Board, and director Kenneth Hvid, became Chairman. Hvid is also the President and CEO of Teekay Corp, which owns the company. “Alan, David, Richard, and Sylvia bring a wealth of operational and financial expertise to Teekay LNG Partners,” Hvid said. “We are very pleased that they have all agreed to join the Board, and we look forward to their contributions, as we continue to execute on Teekay LNG’s strategy in the years to come.” In connection with these new appointments, Ida Jane Hinkley, Joseph McKechnie and Beverlee Park, have stepped down.


‘‘WilForce’ damaged in collision

On 30th May 30, 2019, Awilco LNG reported that the LNGC ‘WilForce’ was struck by another vessel off Singapore. No crew injuries or spills were reported. The vessel has arrived at a Singapore shipyard for class inspection and hull repairs. It was unclear how long the vessel will be offhire, the company said. The vessel has full insurance cover for repair expenses and loss of hire, subject to deductibles. Based on a preliminary assessment, Awilco holds the other vessel fully and completely liable for the collision, and the company expected to recover all costs, losses and expenses including deductibles in due course, it said.


Market News

Awilco has secured an eight-month timecharter from an undisclosed oil and gas major for the 2013-built 156,000 cu m LNGC ‘WilPride’. The charter is scheduled to commence next month and will contribute an annualised EBITDA of about $23 mill during the charter period, the company said. Meanwhile, newbuildings continued to be reported. Samsung has confirmed that it had received an order for two LNGCs worth $380 mill in total from a Bermudan company. They are to be delivered by the end of 2022. Later reports suggested that Flex LNG was behind the order. Maran Gas Maritime has ordered another LNGC at Daewoo. The 174,000 cu m LNGC is the fifth ordered at DSME and is due for delivery by the first half of 2022.