LNG

In this issue

 

Höegh LNG Partners has revealed a rise in total timecharter revenues to $22.8 mill for the second quarter of 2016, compared to $11.1 mill for the second quarter of 2015.
Thursday, 01 September 2016
Sembcorp Marine’s wholly-owned subsidiary, Sembcorp Marine Integrated Yard (SMIY), is to acquire a 100% equity stake in LMG Marin (LMG) for $20 mill.
Winterthur Gas & Diesel (WinGD) is to supply two 5-cylinder X72DF (5X72DF) type engines each for a pair of 180,000 cu m LNGCs ordered by South Korean’s SK Shipping.
Qatari LNGC owner/operator, Nakilat, has signed a contract with Global Eagle Entertainment’s Emerging Markets Communications (EMC) subsidiary to provide VSAT services to its fleet of LNG and LPG carriers.
Thursday, 01 September 2016
Höegh LNG Holdings has signed agreements with Norway’s Wärtsilä Oil and Gas and Moss Maritime for its first FSRU conversion project.
Golar LNG Ltd reported a second quarter operating loss of $37.1 mill, compared to a loss of $42.7 mill in the previous quarter.
Thursday, 18 August 2016
More than 14 countries are expected to commission their first floating import units  during the period 2016-2022, according to a new report.
Excelerate Energy is due to undertake its 1,000th commercial ship-to-ship (STS) transfer of LNG at the end of this month.
Thursday, 18 August 2016
Jordan’s LNG imports recently reached 66 bill cu ft since the opening of the country’s first LNG terminal in 2015, a government official said.
Thursday, 18 August 2016
Jamaica’s utility company, Jamaica Public Service (JPS), received its first laden LNGC on 5th August.
As many as 33 cargoes carrying around 103.8 mill btu of LNG have arrived in Pakistan since July, 2015, the Ministry of Petroleum and Natural Resources recently said.
Thursday, 18 August 2016
Rosmorport’s Arkhangelsk port has signed a Memorandum of Understanding (MoU) with MOL LNG Transport (Europe) to supply ice pilotage services to LNGCs in the Northern Sea Route from November, 2017.
Teekay LNG Partners has reported GAAP net income attributable to the partners of $43.1 mill and adjusted net income attributable to the partners of $53.8 mill in the second quarter…
Thursday, 18 August 2016
GasLog Partners LP has confirmed the closing of its public offering of 2,750,000 common units representing limited partner interests on 5th August, resulting in net proceeds of $53.23 mill.

News Nudges

OLT Offshore outlines forward capacity

OLT Offshore LNG Toscana has confirmed that the products in which the continuous capacity is made available for allocation from gas year 2021/2022 to 2032/2033 has been published on its website. This allocation implements new terms introduced by the Regasification Code approved on 24th March, 2020, by the Italian Regulatory Authority for Energy, Networks and Environment (ARERA). One of the key changes is the possibility for users to express a preference for both 155,000 cu m and 180,000 cu m capacity slots in the annual and multi-year allocation. OLT will offer six 180,000 cu m slots and 34 x 155,000 cu m slots. Offers can be submitted through the PAR from 27th May, 2020.


FERC asked to continue monitoring projects

Five US Representatives have sent a letter to the Federal Energy Regulatory Commission (FEC), asking for business to continue as usual during the pandemic. The letter, addressed to FERC Chairman, Neil Chatterjee, called for an outright rejection of a moratorium on approving and constructing new LNG projects during the COVID-19 pandemic, saying that such measures were essential to energy security.


Gasum closes acquisitions

Nordic energy company Gasum closed the acquisition of Linde AG’s LNG and Biogas business in Sweden and Norway and Nauticor’s Marine Bunkering business in Germany on 30th April, 2020. In the transactions, around 35 employees, a customer base and several assets were transferred to Gasum. The businesses generate annual revenues of more than €100 mill. On 6th May, Gasum subsidiary the Hamburg based LNG supplier Nauticor, conducted the first ship-to-ship LNG bunkering operation on a product tanker in Germany. The bunkering operation on ‘Ramelia’ was conducted at Brunsbüttel on the river Elbe.


Senior management changes

GasLog and GasLog Partners CFO, Alastair Maxwell, is to step down from his position on 30th June, 2020. As a result, Achilleas Tasioulas, currently Deputy CFO, will be promoted to CFO on 1st July, 2020. Maxwell’s resignation is due to GasLog’s decision to relocate its senior management, including the CFO, to Greece. Golar LNG Partners has appointed Karl Fredrik Staubo as an interim CEO. This follows Graham Robjohns, decision to step down from 30th April, 2020 as announced last year.


GasLog’s two new LNGCs

On 11th May, GasLog took delivery of the ‘GasLog Wales’, an 180,000 cu m LNGC fitted with a 2-stroke X-DF propulsion system. Upon her delivery from Samsung, she commenced a 12-year charter with JERA. Earlier, on 1st April, GasLog took delivery of her sistership ‘GasLog Windsor’. Despite the industrial disruption in South Korea caused by the COVID-19 outbreak, the vessel was delivered on time and on budget. Upon her delivery, she immediately commenced a seven-year charter with Centrica. Both newbuildings are fitted with a GTT Mark III Flex+ containment system. GasLog has another five LNGCs building at Samsung.


Hudong wins domestic LNGC order

Brokers have reported that a joint venture involving CSET and PetroChina has ordered three, option three LNGCs from Hudong- Zhonghua. The 175,000 cu m vessels, valued at $185 mill each, will be delivered in 2022.