In this issue

 

Thursday, 28 November 2019
Golar LNG suffered a third quarter operating loss of $13.7 mill, compared to losses of $23.4 mill in the previous quarter of this year.
Thursday, 28 November 2019
Free ReadThe Awilco LNG Group has recorded freight income for the third quarter this year of $6.7 mill, up from $3.9 mill reported for 2Q19.  This rise was attributable to ‘WilPride’,…
Flex LNG has reported an increase in revenues to $29.8 mill for the third quarter 2019, compared to $19 mill for 2Q19.
Thursday, 28 November 2019
Höegh LNG Holdings has reported a net profit of $3.2 mill for the third quarter of this year and an EBITDA of $55.9 mill.
Free ReadDynagas LNG Partners suffered a net loss of $4.7 mill for the three months ended 30th September, 2019, compared to a net loss of $0.7 mill in 3Q18.  The 3Q19…
Thursday, 28 November 2019
Atlantic Gulf & Pacific (AG&P) has invested in Kanfer Shipping (Kanfer), an Norwegian-based developer of small-scale LNGCs, breakbulk solutions, floating storage facilities, as well as LNG bunkering. Kanfer has designed…
Thursday, 28 November 2019
GTT Training, a specialist LNG training and simulation provider, has installed G-Sim LNG simulator software at the MTC Maritime Training Centre in Hamburg.
Thursday, 28 November 2019
ABS has awarded Approval in Principle (AIP) to Samsung Heavy Industries (SHI) for its X-Reli LNG Boil Off Gas Expander, part of SHI’s Expansion Re-Liquefaction System.
Thursday, 14 November 2019
Free ReadGasLog has taken its usual snapshot of the market in the company’s third quarter 2019 results presentation. Compared to 3Q19, this quarter’s supply is expected to grow by 6%, to…
Global Energy Ventures (GEV), a developer of compressed natural gas (CNG) projects, has chosen the US Gulf as its next region to develop an CNG export terminal.
Thursday, 14 November 2019
Argentina’s state-owned oil company YPF has loaded its first commercial LNG export cargo from its new floating facility.
Thursday, 14 November 2019
ADNOC LNG has concluded supply agreements with subsidiaries of both BP and Total.
Free ReadAngola has formed a consortium with five international oil companies, including Eni and Chevron, to develop LNG for its Soyo plant, the recently formed national oil, gas and biofuels agency…
LNG project development company EPIK has appointed Australia and New Zealand Banking Group (ANZ) to serve as financial adviser for its Newcastle GasDock LNG import terminal.

News Nudges

Tellurian extends loan maturity

Tellurian has amended the terms of its 2019 Term Loan. This includes an 18-month extension of the maturity date to 23rd November, 2021. President and CEO, Meg Gentle, said, “As announced in early March, we are making necessary changes amid challenging global conditions. We have restructured the organisation and entered into an agreement to extend our Term Loan maturity to late 2021, which swiftly completes the second critical step toward resiliency in the current market. We are working remotely with potential equity partners for the Driftwood project and implementing measures to keep our team safe and productive to regain commercial momentum when the effects of COVID-19 subside,” she said.


Sakhalin extends Svitzer contract

Copenhagen-based towage company Svitzer has won a 10-year extension of a marine service contract with Sakhalin Energy Investment Company, a consortium set up to develop and manage the oil and gas Sakhalin-II project. Svitzer has been providing towage services to the Sakhalin-II since 2007. The extension, which comes into effect in November, 2022, involves the mooring of more than 1,800 LNGCs using a fleet of four Robert Allen icebreaking tugs and two mooring boats. These vessels are operated by a team of 58 Russian crew members, supported by nine onshore staff. Commenting on the extension, Alan Bradley, Svitzer’s Cluster Manager - Asia, said;“We are very pleased that Sakhalin Energy Investment Company have chosen Svitzer as their preferred partner for 10 more years. With the extension, we are able to continue to play an important role in ensuring that oil, gas, food and supplies are reaching people and homes. Our goal is to ensure we always support the customer’s business by providing efficient marine services in their terminal – the extension of a contract as significant as this one gives us confidence that we are adding value.”


Markets

Broking sources have reported that Maran Gas has exercised yet another option for a 170,000 cu m LNGC from Daewoo. The $192 mill vessel was thought to be the 13th ordered from the South Korean yard. She is due for delivery in 2022. Several deliveries in LNG Shipping News LNGC orderbook, which see, look likely to slip backwards, due to the current situation, Fearnleys said. In the charter market, ExxonMobil was believed to have chartered the 176,300 cu m, 2016-built ‘Rioja Knutsen’ on a relet. The rate was reported as $64,000 per day.


Transhipments return to Honningsvåg

Novatek and Tschudi are reportedly returning to Honningsvåg to undertake ship-to-ship LNG transfers. Following a successful reloading operation in 2019, the companies have earmarked more STS operations to transfer LNG from Yamal Arc 7 tonnage to conventional vessels. Between November 2018 and June 2019, 123 LNG cargoes were transhipped from Arc7s to conventional LNGCs, local news sources said. Last year, Novatek said that the operation in Norwegian waters would be a ‘one off’ and it would instead be looking to transfer LNG in Russian waters off Kildin Island, northeast of Murmansk. In the medium-term, the company was thought to be trying to establish a permanent transhipment terminal near Vidyaevo, also on the Kola peninsula. Tschudi was reported to have received an updated operating permit on 30th September, 2019. At that time the number of permitted transfers was increased from 165 to 207 per calendar year, out of which, 140 LNG transfers are allowed. A Notice to Mariners issued in February this year warned of shipping activity around Honningsvåg stating that operations could be expected between 22nd March and 15th May.


Jordan Cove gets FERC nod

On 19th March, the US Federal Energy Regulatory Commission (FERC) finally approved the Jordan Cove energy project. This is the 12th LNG export project that FERC has approved since Chairman Neil Chatterjee took office, he said in a statement. To be located at Coos Bay, Oregon, Jordan Cove is also the first export terminal the Commission has certificated on the US West Coast in the lower 48. This facility will be capable of liquefying up to 1.04 bill cu ft of natural gas per day for export to global markets. The Pembina operated project includes a pipeline, plus marine loading facilities.