In this issue

 

Maritime Pilots Malaysia (MPM) has expressed concern over the possible violation of public and port safety by the planned construction and operation of an LNG terminal at Pulau Indah, Port…
Free ReadLNG traders, JERA Global Markets and Vitol, recently executed the first Atlantic LNG freight swap against The Baltic Exchange's BLNG3 assessment in a bilateral trade arranged by Affinity Financial Products.…
Qatargas has delivered the first Q-Flex LNG cargo to the ‘Excellence’ FSRU, now known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.
Tellurian and Petronet LNG Limited INDIA (PLL) have signed a Memorandum of Understanding (MOU) whereby Petronet and its affiliates intend to purchase up to 5 mill tonnes per annum of…
Thursday, 03 October 2019
Free ReadSouth Korea’s state-run Korea Gas Corp (KOGAS) has signed a contract with BP to buy 1.58 mill tonnes of US LNG for 15 years starting 2025, according to South Korea’s…
South Korean shipping company H-Line Shipping and Dutch energy and commodities giant Vitol have agreed a 10-year timecharter agreement for a newbuilding LNGC.
Total has finalised the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $3.9 bill.
Japanese LNG importer JERA has renegotiated some of its contracts with suppliers to drop clauses that restrict where the cargoes can be sold to gain more flexibility.
Thursday, 03 October 2019
Free ReadExcelerate Energy and Maran Gas Maritime (MGM) have signed a five-year bareboat charter agreement (BBC) for the newbuilding FSRU - Hull 2477. During the five-year charter, Excelerate will have the…
Thursday, 03 October 2019
Through a subsidiary, MISC Berhad (MISC) has signed an agreement with Mitsubishi Corp and Nippon Yusen Kabushiki Kaisha (NYK) to co-own two newbuilding LNGCs.
Dynagas LNG Partners reported that net income for the three months ended 30th June, 2019 was $0.9 mill, compared to net income of $0.4 mill in the corresponding period of…
GTT received an Approval in Principle (AiP) for its Mark III Flex system at Gastech 2019 in Houston.
Free ReadSmit Lamnalco has signed a 10-year fixed term contract, plus several long term options, with Coral FLNG to provide integrated marine services to the first Mozambique and worldwide deepwater FLNG.…
Thursday, 03 October 2019
German LNG Terminal, the joint venture behind the LNG terminal project in Brunsbuettel, Northern Germany, has completed the EPC (Engineering, Procurement and Construction) contractor pre-qualification process.

News Nudges

‘K’ Line and Knutsen orders

As well as the orders reported elsewhere, ‘K’ Line has signed a timecharter contract for two LNGCs with PETRONAS for 12 years, option 12 years. The charters will start from 2022 and as a result, ‘K’ Line has ordered two 79,960 cu m LNGCs at Hudong-Zhonghua Shipbuilding Co Ltd. These are the first long-term t/c contracts between PETRONAS and ‘K’ Line using newbuildings. Each vessel will be fitted with an X-DF engine. They will ship LNG from Malaysia (Bintulu) to Shenergy (Group) Co, Ltd, China. Elsewhere, to cover the recently announced Shell charter, Knutsen has ordered two 174,000 cu m LNGCs at Hyundai Samho. They will also be fitted with X-DF engines, boil off management plants, air lubrication systems and shaft generators.


Zeebrugge in record year

Fluxys has claimed that 2019 was a ‘very intense record year’ for operations at its Zeebrugge LNG terminal. The Belgian terminal operator said that last year: 2,620 LNG trucks were loaded (compared to 1,453 in 2018); 91 cargoes were unloaded (from 33 in 2018); and 40 cargoes were reloaded (from 25), of which 20 were ‘small scale reloads’. For 2020, we expect even more transhipment operations as the fifth LNG storage tank of 180,000 cu m capacity was fully operational since December, 2019, the company explained.


More cargo orders reported

There were several LNG cargo orders circulating, according to the newswires, many coming from Indian importers. For example, India’s Reliance Industries is seeking five cargoes for delivery between April and June. Gujarat State Petroleum Corp (GSPC) is asking for nine cargoes for delivery between February and April. Indian oil Corp is looking for a cargo for delivery in April to be supplied to the Dahej terminal on 6th April. Gail (India) has bought an LNG cargo for delivery this month, according to industry sources. It bought the cargo for delivery into Dabhol, India, on a delivered ex-ship (DES) basis for 23rd to 28th February at $2.4 to $2.5 per mmBtu, the sources said. In a separate deal, Gail sold a cargo from the US Cove Point export facility on a DES basis into Europe for a February/March delivery, and probably did not award another cargo it had offered for loading in April from Cove Point, a source told Reuters. Inpex Corp. has a sold an LNG spot cargo from its Ichthys LNG project in Australia to Engie, according to a Reuters report. It is due to be loaded between 7th and 19th March on a free-on-board (FOB) basis. The cost was reported to be around $2 per mmBtu. PTT – the state-owned Thai energy company – is currently looking for one or two LNG cargoes for delivery February/March. Finally, the Sakhalin 2 LNG plant has sold an LNG cargo to Mitsui for loading on 16th March.


Tianjin top Chinese LNG importer

North China's Tianjin port was ranked the first in LNG imports last year, accounting for 10.77% of country's total port imports of LNG, according to the Tianjin Customs, reported Xinhua. LNG imports through Tianjin surged by 56% to 10.2 mill tonnes in 2019. The imports came from 10 countries, including Australia, Russia and Nigeria.


GTT receives more orders from Hyundai

GTT has received orders from Hyundai, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two LNGCs. Each vessel will have a capacity of 174,000 cu m. GTT will design the vessels’ tanks, which will be fitted with the Mark III Flex membrane containment system. The first LNGC will be built in HSHI shipyard on behalf of an unidentified Asian shipowner. This vessel delivery is scheduled for the second quarter of 2022. The second LNGC will be built at HHI for SK Shipping Co. and will be delivered during the third quarter of 2022.