In this issue

 

Tema LNG Terminal Company, a company controlled by Helios Investment Partners, the world’s largest Africa-focused private equity fund, has signed an agreement with China Harbour Engineering Co, to build an LNG terminal at Tema. 

Thursday, 13 September 2018

On 1st October, 2018, some navigation restrictions currently imposed on LNGCs transiting the new Panama Canal will be lifted.

Thursday, 13 September 2018

FLNG Liquefaction 4 and Sumitomo Corp of Americas (SCOA) have entered into a binding Heads of Agreement (HOA) for the supply of 2.2 mill tonnes per annum of LNG.

Höegh LNG Holdings has timechartered newbuilding FSRU No 9 to Naturgy Energy Group for 15 months. 

Qatargas has signed a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited, to supply around 3.4 mill tonnes of LNG per annum.

Thursday, 13 September 2018

Repsol has signed a 20-year, binding sales and purchase agreement (SPA) for the supply of 1 mill tonnes per annum of LNG from the proposed 10 mill tonnes per annum Venture Global Calcasieu Pass LNG export facility in southwestern Louisiana. 

At this week’s Eastern Economic Forum, PAO NOVATEK, the Ministry of the Russian Federation for the Development of the Far East and the Government of Kamchatka signed an agreement to build an LNG transhipment complex in Kamchatka.

Thursday, 13 September 2018

The Awilco LNG Group reported a loss $6.5 mill for the second quarter of this year, compared to a profit of $1 mill in 1Q18.

Thursday, 13 September 2018

According to Reuters Shipping Data, three new Arc7s are due to start loading at the Yamal LNG terminal in northern Russia in the near future. 

Thursday, 13 September 2018

Belgian Gas vessel owner Exmar has reported a net result after tax of $3.5 mill for the first half of this year, compared with a loss of $34.1 mill for 1H17. 

At SMM last week, Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime and Lin Ou, Chairman & President of Jiangnan Shipyard Group signed an approval in principle (AiP) for the ‘LNG JUMBO’.

At last week’s Hamburg SMM, DNV GL signed partnership agreements with leading LNGC propulsion developer WinGD, VAF Instruments and Viswa Lab to work together to improve vessel performance.

ABS has granted Approval in Principle (AIP) to Hudong-Zhonghua Shipbuilding’s 174,000 cu m GTT MARK III Flex LNGC design, thus strengthening their position as China’s premier LNG Shipbuilder.

GTT has received an order from Hyundai Heavy Industries (HHI) to design the tanks of four new LNGCs, which are to be built for Capital Gas Carriers.

News Nudges

Philippine terminal

Tanglawan Philippine LNG has been granted a ‘Notice to Proceed’ by the Philippine Department of Energy to build an LNG terminal at Batangas. The company plans to break ground this year for the regasification and receiving terminal with a capacity of 2.2 mill tonnes per annum. Commercial operations are scheduled to start by 2023. This facility will help support the demand for gas in Luzon and contribute to the sustainable development of the Philippine economy, one of the partners, Phoenix Petroleum said. A possible joint venture arrangement for Tanglawan Philippine LNG is currently being discussed between CNOOC Gas and Power Group and Phoenix Petroleum.


Driftwood moves closer

On 18th January, the US Federal Energy Regulatory Commission (FERC) issued the final Environmental Impact Statement (EIS) for Tellurian’s Driftwood LNG project. The proposed Driftwood project will be a 27.6 mill tonne per annum LNG export facility with an associated 96-mile pipeline, near Lake Charles, Louisiana, on the US Gulf Coast. Tellurian President and CEO, Meg Gentle, said, “Tellurian thanks the FERC for a thorough review and for remaining on schedule. We look forward to receiving the agency’s order granting authorisation to site, construct and operate our Driftwood project. “Tellurian will then stand ready to make a final investment decision (FID) and begin construction in the first half of 2019, with the first LNG expected in 2023.”


Newbuilding news

Brokers have reported that MOL has ordered two 174,000 cu m LNGCs at DSME on the back of Uniper charters for 2021 deliveries. In addition, DSME was also thought to have won orders for another three 173,400 LNGCs from Alpha Gas, bringing the Greek owner’s total up to five newbuildings. The price was said to be $185 mill each and the vessels are also set for delivery in 2021. In addition, the three TMS Cardiff Gas orders reported recently were said to have cost $179 mill per ship.


’Prelude’ starts production

Shell’s ‘Prelude FLNG’ commenced production offshore Western Australia last month. ‘Prelude FLNG’ will separate and liquefy the gas produced from the well to produce LNG, LPG and condensate, which will then be loaded on gas carriers and tankers from the FLNG in sequence. The giant 488 m long FLNG was built at Samsung Heavy Industries’ Geoje shipyard and arrived in Australia in September, 2017. She received her first gas in June last year from the LNGC ‘Gallina’ to test the FLNG, including the offloading arms.


Elengy to sell Fos terminal capacity

French energy company, Elengy is preparing to sell Fos Tonkin LNG terminal’s access capacities during 2021-2030. Under the plan, Elengy will offer its potential customers several types of services, including the conventional unloading of Medmax-type LNGCs with a capacity of 75,000 cu m, the reloading of small-scale LNGGCs for bunkering purposes, as well as LNG truck loading. The sale will be launched next month. Detailed information concerning the services offered will be provided in the information memorandum at the opening of the sale, Elengy said. An expert in LNG for over 50 years, Elengy owns the Fos Tonkin LNG terminal and is a 72.5% shareholder in Fosmax LNG, owner of the Fos Cavaou LNG terminal.


GTT meets with more success

GTT has received orders from Samsung Heavy Industries (SHI) for the tank design for two LNGCs ordered by GasLog and two for NYK. The GasLog newbuildings will each have a capacity of 180,000 cu m and the tanks will be fitted with the Mark III Flex+ containment system. The vessels' delivery is expected for Q2 and Q3 of 2021, respectively, GTT said. Earlier, GTT had announced that SHI had contracted the tank design of two new 174,000 cu m LNGCs ordered by NYK. These tanks will be fitted with the Mark III Flex membrane containment system. The vessels' deliveries are scheduled between the third and the fourth quarters of 2021.