In this issue

 

Freeport LNG should be ready to ship its first export cargo in July, nearly two years after flooding following Hurricane ‘Harvey’ led to the Texas facility's most recent startup delay,…
GasLog Partners is to purchase 100% of the shares in the entity that owns and charters the ‘GasLog Glasgow’ from GasLog Ltd for $214 mill. 
Free ReadEarlier this week, the US Federal Energy Regulatory Commission (FERC) approved Venture Global LNG’s request to proceed with full site preparation at its proposed $4.5 bill Calcasieu Pass LNG export…
Thursday, 21 March 2019
Last year, Nakilat opened a new horizon and business avenue by the addition of two LNGCs and a major stake in an FSRU, the company claimed.
Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and ExxonMobil to help advance the state-owned company’s proposed $43.4 bill Alaska LNG project.
Philippine power producer First Gen Corp said last week that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN…
Free ReadNippon Paint Maine (Europe) has reported a 35% increase in consolidated sales as it looks to strengthen its position with new marine coating products and expansion into new geographical areas…
Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) is to build up to six LNGCs for Avenir LNG, according to brokers reports. 
Turbo-machinery manufacturer Atlas Copco Gas and Process Division has won compressor orders for LNGCs.Placed by Samsung Heavy Industries, the order calls for the supply of eight HD centrifugal gas compressors,…
Free ReadAnthony Veder is expanding its fleet by taking delivery of a 30,000 cu m LNGC currently under construction at Zhejiang Xinle Shipbuilding in Ningbo. She will be completed under the…
In the fourth quarter 2018 and annual reports published in the past couple of weeks, there were both bullish and bearish predictions going forward. 
Thursday, 07 March 2019
Global LNG demand rose by 27 mill tonnes to 319 mill tonnes last year, according to Shell’s latest annual LNG Outlook. 
Thursday, 07 March 2019
Free ReadSouth Korean LNG project development company, EPIK has signed a strategic partnership agreement with Hyundai LNG Shipping. This agreement lays down a framework for the two companies to work together…
The US Federal Energy Regulatory Commission (FERC) has reached an agreement that may provide a path forward for considering future pending LNG export terminals. 

News Nudges

GTT to fit Maran Gas quartet

Last Month, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design for four new 174,000 cu m LNGCs on behalf of Maran Gas. The delivery of the ships is planned between the end of 2021 and early 2022.


Awilco confirms charter

Awilco LNG has confirmed that the 2013-built 156,000 cu m TFDE ‘WilPride’ has been inspected and accepted by an undisclosed charterer and was due to be delivered on or about 10th July, 2019. The eight month timecharter is estimated to contribute an annualised EBITDA of about $23 mill during the period, the company said.


MOL names another MOSS type LNGC

Mitsui OSK Lines. (MOL) has named a newbuilding LNGC ordered by Trans Pacific Shipping 8 Ltd, a 50:50 joint venture between MOL and JERA, at the Sakaide Works of Kawasaki Heavy Industries. She was named ‘Sohshu Maru’ and is fitted with a DFDE propulsion system. The MOSS type 177,000 cu m LNGC will transport natural gas purchased by JERA from the US Freeport LNG project, plus other suppliers.


Landbridge to develop Rizhao LNG terminal

Shandong Landbridge Group is to build an LNG receiving terminal at Landbrige Port in Rizhao in conjunction with the Beijing Energy Group. Under the agreement, the two parties will invest RMB6.7 bill (about $973 mill) to construct the terminal, which will have a design capacity to handle 5 mill tonnes of LNG per year. In addition, the two companies said that they plan to jointly develop overseas energy projects.


FERC updates

The US Federal Energy Regulatory Commission (FERC) has prepared a draft environmental impact statement (EIS) on the construction and operation of the Alaska LNG Project.The project was proposed by the Alaska Gasline Development Corp (AGDC) to commercialise the natural gas resources of Alaska’s North Slope, by converting the existing natural gas supply to LNG for export and also provide gas for users within the State of Alaska. The draft EIS comment period closes on 3rd October, 2019. FERC has also said that it intends to prepare a supplementary environmental review for the proposed expansion of production capacity at Magnolia LNG facility in Lake Charles.