In this issue

 

Thursday, 24 January 2019
The search for the next generation of UK seafarers has been launched thanks to a project involving Glasgow-based Teekay Shipping and London’s Trinity House.
ASRY, the Bahrain-based maritime repair and fabrication facility, has signed a contract with Bahrain’s National Oil & Gas Authority (NOGA) to provide a dedicated marine services area at the yard. 
Thursday, 24 January 2019
Nakilat-Keppel Offshore & Marine (N-KOM)’s first FSRU recently arrived at the Erhama Bin Jaber Al Jalahma Shipyard for drydocking, maintenance and upgrades. During the drydocking, the FSRU will undergo modifications…
DNV GL has issued guidance addressing the challenges specific to long-term mooring of floating installations in shallow water and near shore applications.
Thursday, 10 January 2019
December last year saw a raft of LNGC orders reported with South Korean yards Daewoo and Samsung being the beneficiaries. 
Thursday, 10 January 2019
Low prices, abundant supply and an aggressive shift towards cleaner gas for energy generation are creating strong demand for LNG, not just from large buyers, but also from smaller importers. 
Petronet LNG plans to invest R2,100 crore to expand its Dahej LNG import facility, according to local sources.  The terminal’s capacity will be increased from 15 mill tonnes per annum to 20…
What will 2019 look like? And what could happen that will shape the market longer term? 
The first phase of marketing trials for the reservation of regasification capacity at the FSRU terminal in Alexandroupolis, was completed on 31st December, 2018.
Last month, the US Department of Energy (DOE) announced a change of rules regarding US LNG exports.
Thursday, 10 January 2019
Teekay GP, the general partner of Teekay LNG Partners, recently authorised a common unit repurchase programme to buy up to $100 mill of Teekay LNG’s common units. These common units…
Mozambique’s Area 4 joint venture participants have secured LNG offtake commitments for the project from affiliated buyer entities of the partners. 
Woodside Energy has signed a mid-term LNG supply agreement with German-based utility RWE Supply and Trading. 
Thursday, 10 January 2019
Sempra Energy subsidiary, Port Arthur LNG and the Polish Oil & Gas Company (PGNiG) have signed a 20-year sale and purchase agreement (SPA) for LNG from the Port Arthur LNG…

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.