In this issue

 

Thursday, 26 November 2020
Golar LNG Limited and Black & Veatch Corp (B&V) have entered into a collaboration agreement to advance floating ammonia production, carbon capture, green LNG and hydrogen.
Thursday, 26 November 2020
Australian Industrial Energy (AIE) has signed a lease for up to 25 years with New South Wales Ports for the Port Kembla Gas Terminal (PKGT).
Free ReadADNOC LNG has signed up to a six-year supply agreement with Vitol. This calls for the sale of 1.8 mill tonnes per annum of post-2022 LNG volumes. In addition, the…
Thursday, 26 November 2020
The first two liquefaction trains of Venture Global’s Calcasieu Pass LNG export facility in Cameron Parish, Louisiana arrived earlier this month.
Thursday, 26 November 2020
Höegh LNG said in its third quarter results presentation (see page 7) that it was actively pursuing projects that are subject to a number of conditions, outside its control, which…
Free ReadLaw firm Norton Rose Fulbright has advised Pavilion Energy Trading & Supply regarding the world’s first LNG sale & purchase agreement (SPA) with carbon neutral ambitions. Temasek subsidiary Pavilion Energy…
Dynagas LNG Partners reported third quarter 2020 net income of $10 mill, compared to $4.7 mill in the corresponding period of 2019.
Höegh LNG Holdings has entered into a binding commitment to supply H-Energy with an FSRU in the first quarter of next year.
Thursday, 26 November 2020
Free ReadJoint venture companies belonging to Sovcomflot (SCF Group), NYK Line and Samudera, have signed a $155 mill non-recourse credit facility. This credit facility is valid for up to eight years…
On 30th October, the Canadian Haisla Nation Council voted to approve a partnership agreement for the Cedar LNG project with Pacific Traverse Energy (PTE) and Delfin Midstream.
Thursday, 26 November 2020
Teekay LNG Partners has reported a GAAP net income of $40.3 mill and GAAP net income per common unit of $0.38 for the third quarter of this year.
Flex LNG has announced revenues of $33.1 mill for the third quarter 2020, compared to $25.8 mill in the previous quarter.
Free ReadMISC Berhad reported revenue for the third quarter of this year of RM2,059.5 mill, which was 4.1% lower than the corresponding quarter’s revenue of RM2,147.8 mill in 3Q19. This was…
Thursday, 26 November 2020
The Korea Fair Trade Commission (KFTC) has declared that since 2016, some of GTT’s commercial practices had not complied with its competition regulations and imposed a fine.

News Nudges

Pieridae appoints new COO

Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, has appointed Darcy Reding as the company’s new COO. Reding succeeded Tim de Freitas who left the firm in January. He was described as a professional engineer with 30 years of success in small and mid-sized private and public upstream oil and gas companies, with 20 years in leadership roles. The new COO said his focus would be to ensure the safe operations of the company’s upstream natural gas infrastructure and strengthen the technical and economic readiness of the drilling inventory that provides the feedstock for the Goldboro LNG project. Goldboro LNG in Nova Scotia will include two liquefaction facilities each with a capacity of 4.8 mill tonnes of LNG each year. Pieridae has a 20-year binding contract with German energy firm Uniper for the total volume from the first liquefaction train but has delayed the final investment decision (FID), which it hopes to take by the end of June.


Golar’s Ross resigns

Golar LNG’s Iain Ross has tendered his resignation from the company. The contractual termination period is six months, however the final duration can be prolonged or reduced upon mutual agreement, Golar said. Golar LNG is currently in the final stages of closing the sale of its 50% interest in Hygo Energy Transition and 32% interest in Golar LNG Partners to New Fortress Energy (NFE) for a total of about $5 bill. The majority of the closing conditions have been completed, including prepayment notices issued to several of GMLPs lenders. Closing of the transactions is expected shortly, Golar said. Golar’s Board will immediately start the process to recruit Ross’ successor, it said.


Excelerate hits 2,000 STS

Excelerate Energy completed its 2,000th commercial ship-to-ship (STS) LNG transfer on 3rd April, 2021. The transfer occurred at Excelerate's Moheshkhali floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate's FSRU ‘Excellence’ and a conventional LNGC, 144,191 cu m of LNG were transferred using the double-banked LNG transfer system. To date, Excelerate has transferred over 236,405,000 cu m of LNG using this STS protocol, the company claimed. Excelerate conducted the industry's first commercial STS transfer of LNG in 2007. Since then, STS transfers have been commercially accepted and proven in a wide range of environments, including open ocean and protected bodies of water at various locations between the LNG load ports and market delivery points. The company has imported over 157 cargoes of LNG and delivered an excess of 500 mill MMBtu of natural gas into the Bangladeshi market to date. Last month, the country reached its highest level of gas output with around 837 mill cu ft per day of natural gas as the government continued to increase its LNG imports to meet the rising domestic demand.


LNGC deliveries, etc

Several LNGCs were reported delivered recently, including two for TMS Cardiff Gas and one for BW LNG. The TMS Cardiff vessels were the 174,000 cu m ’LNGShips Athena’, which sailed from Hyundai Heavy Industry’s Ulsan shipyard, while the similar capacity ‘LNGShips Empress’ left Samsung Heavy Industry’s Geoje shipyard. Both LNGCs are term chartered to Shell, together with the sistership ‘LNGShips Manhattan’, which is due to be delivered later this month from HHI. BW LNG’s delivery, ‘BW Lesmes’ is chartered to BP. Elsewhere, the 170,000 cu m FSRU ’Ertugrul Gazi’ was also delivered in March to Turkey's state-run gas supplier Botas (see page 3). Later it was also reported that Latsco Shipping, a unit of the Latsis Group, had taken delivery of its first LNGC, the 174,000 cu m ‘Hellas Diana’ from Hyundai Samho Heavy Industries. Latsco ordered two X-DF sisterships via Consolidated Marine Management at the shipyard in November, 2018. Commodity trader Trafigura has chartered both vessels, according to VesselsValue data. The second vessel ‘Hellas Athina’ is due for delivery later this year. France LNG Shipping, a joint venture between NYK and Geogas LNG, has taken delivery of the 174,000 cu m ‘LNG Adventure’, which has gone on charter with Total Gas & Power. She features a WinGD X-DF engine and was delivered on 31st March from Samsung Heavy Industries. The LNGC will be operated by Marseille-based shipmanager, Gazocean, which became an NYK subsidiary last October. Another company to receive its first LNGC recently was Danish investment firm Navigare Capital Partners. The 174,000 cu m ‘Marvel Swan’ was delivered by Samsung and will go on charter to Japan’s trading house Mitsui & Co to ship Mitsui’s offtake volumes from Sempra’s Cameron LNG plant in Louisiana. She is managed by Pronav, part of the Schulte Group, and is one of eight LNGCs chartered by Mitsui. Brokers have reported that the 1984-built, 132,588 cu m LNGC ‘Atlantic Energy’ arrived at Chattogram for recycling on 8th April. She had been laid up near Labuan for several months.