In this issue

 

Free ReadKorea Lines is to spin off its LNG transportation business into a separate company, according to reports from South Korea. The 11 LNGCs — all chartered to South Korean state-owned…
Wednesday, 18 March 2020
India's Gujarat State Petroleum Corp (GSPC) is seeking six LNG cargoes for delivery from March to November through two separate tenders, according to newswires. One cargo is for delivery from…
On 13th March, Golar Power Limited signed a Protocol of Intentions with the Pernambuco State Government to develop an LNG import terminal at Suape, located in the northeast of Brazil.
Wednesday, 18 March 2020
Free ReadOn 12th March, Grain LNG welcomed its 500th LNGC since it opened for business 14 years ago. The vessel involved was the ‘LNG Merak’, which berthed at the River Medway…
Wednesday, 18 March 2020
Pavilion Energy Pte Ltd and Singapore LNG Corp Pte Ltd (SLNG) have signed a five-year agreement for LNG storage and reload services at the SLNG Terminal on Jurong Island. This…
The terminal to dock LNGCs to supply gas for 350 MW LNG power plant in Myanmar’s Thilawa Special Economic Zone is about 40% complete.
Wednesday, 18 March 2020
Free ReadAB Klaipedos nafta (KN) has concluded a loan agreement with Nordic Investment Bank for up to €160 mill. This will be used to finance the acquisition of an FSRU.  The…
Wednesday, 18 March 2020
Dynagas LNG Partners has reported fourth quarter 2019 net income of $5.5 mill, compared to a net loss of $0.9 mill in the corresponding period of 2018. This represents an…
Mexico Pacific Limited (MPL) has awarded a Front End Engineering Design (FEED) contract to Technip USA. This represents one of the final milestones to moving the project into construction and…
Air Products is to supply two LNG heat exchangers for the Mozambique LNG Project. The contract was signed with the joint venture company comprising affiliates of Saipem, McDermott and Chiyoda.
Free ReadGTT SA’s subsidiary, GTT North America, has signed a five-year global technical services agreement with Excelerate Energy. GTT will support Excelerate Technical Management (ETM) with the maintenance and operation of…
Wednesday, 18 March 2020
The 7th session of IMO’s Sub-Committee on Ship Systems and Equipment (SSE) was held in London from 2 to 6 March 2020.
Wednesday, 18 March 2020
Golar LNG Limited has appointed Callum Mitchell-Thomson as its new CFO. This follows the announcement that Graham Robjohns has decided to step down from the role. 
Free ReadASYAD Group has integrated LNGC shipowner Oman Shipping Company (OSC) with repairer Oman Drydock Company (ODC). This move is in alignment with the Group’s strategy to offer integrated and highly…

News Nudges

Adriatic receives first Q-Flex

Qatargas has delivered the first Q-Flex LNG cargo to the Adriatic LNG receiving terminal in Italy. The Qatargas-chartered LNGC, ‘Tembek,‘ loaded at Ras Laffan on 9th June and arrived at the Adriatic LNG terminal on 21st June. This terminal is located around 14 km offshore of Porto Levante in the northern Adriatic near Rovigo. It was the world's first offshore gravity-based LNG regasification terminal. Operated by ExxonMobil (70%); Qatar Terminal Ltd (23%), a subsidiary of Qatar Petroleum; and Snam (7%), the terminal is connected to the Italian national distribution network through integrated pipelines. It has a regasification capacity of 8 bill cu m of LNG per year and it currently supplies over 10% of the country's natural gas requirements, Qatargas said.


Orders and deliveries

Hudong-Zhonghua Shipbuilding Co, part of China State Shipbuilding Corp (CSSC), is to build three LNGCs worth Yuan3.9 bill ($551.62 mill). The 174,000 cu m LNGCs will be operated by COSCO Shipping Energy Transportation (CSET), a subsidiary of COSCO Shipping. They will be deployed under a 20-year charter to PetroChina. The three vessels are expected to be delivered between the end of 2022 and early 2023, a spokesperson at Hudong-Zhonghua told Reuters. They will be fitted with X-DF propulsion units and membrane type containment systems. Liu Hanbo, CSET Chairman, told Reuters that the construction of the new LNGCs is in response to the government’s call to expand domestic demand and to safeguard China’s energy security. Elsewhere, Norwegian shipowner Knutsen OAS has taken delivery of a newbuild LNGC from Hyundai Heavy Industries (HHI). The 180,000 cu m ’Traiano Knutsen’ has begun her long term charter with Enel upon her delivery. Knutsen has another four 174,000 cu m LNGCs on order with HHI, all of which are scheduled for delivery next year, as well as an 30,000 cu m LNGC at Hyundai Mipo also for delivery in 2021.


Sonatrach extends Total deal

Algerian state energy company Sonatrach has signed a deal with Total to continue the supply of 2 mill tonnes a year of LNG to France for another three years. Relations between Sonatrach and Total had deteriorated after Algeria blocked the sale of Anadarko assets to the French company, energy sources had told Reuters.


Korea Lines spins off LNGC segment

Korea Lines has reportedly completed its planned spin-off of its LNG shipping business into a separate entity. A new company — Korea LNG Shipping — now owns 11 LNGCs, all of which are under term charters with South Korean state-controlled importer Kogas. Four of these vessels are owned in a consortium. Korea LNG Shipping is also due to take delivery of another two LNGCs from Hyundai Samho Heavy Industries (HSHI) in 2022.


Tianjin tops LNG imports in China

North China's Tianjin came top in the list of the country’s LNG import ports for the first five months of this year. Tianjin accounted for about 19.5% of the country's total LNG imports, according to the Tianjin Customs, reported Xinhua. From January to May, LNG imports through the port increased 24.8% year-on-year to hit 4.97 mill tonnes as LNG prices kept falling. Tianjin LNG imports during the period mainly came from Australia, Russia and Southeast Asia, which added up to 75.4% of the port's total LNG imports.