In this issue

 

Thursday, 11 July 2019
Free ReadBelgian gas carrier owner, EXMAR has provided an update on various financing schemes announced earlier. On 26th June, 2019 the company fully repaid its outstanding senior unsecured bond. This was…
Thursday, 11 July 2019
Nakilat achieved a net profit increase of 7% in the first half of this year.
LNT Marine has completed gas trials of its patented LNT A-BOX containment system on board ‘Saga Dawn’, a mid-size LNGC, due for delivery this month from China Merchants Heavy Industry…
Thursday, 11 July 2019
Free ReadA joint venture group has been formed to develop a 220,000 cu m LNGC fitted with a Mark III containment system. Lloyd’s Register (LR) has signed the agreement with COSCO…
MAN Energy Solutions 2-stroke, dual-fuel portfolio recently logged over 500,000 operational hours.
A final investment decision (FID) was recently taken on the Area 1 Mozambique LNG project.
German LNG Terminal, the joint venture behind the LNG terminal project to be located at Brunsbuettel, Northern Germany, is to start the engineering, procurement and construction (EPC) pre-qualification process this…
Thursday, 27 June 2019
Free ReadFollowing collision damage, which necessitated a visit to a Singapore shipyard, ‘WilForce’s’ charterer has advised Awilco LNG that it will cancel the remaining charter period. ‘WilForce’ currently remains at the…
Thursday, 27 June 2019
A plan to build an LNG terminal and associated pipeline in Skulte, a small Latvian port in the Gulf of Riga, is being discussed at public fora this month and…
A joint venture involving Qatar Petroleum and ExxonMobil is among 12 interests vying to build Bangladesh’s first onshore LNG import terminal.
Free ReadMitsui OSK Lines (MOL) has signed a long-term charter contract with Hong Kong LNG Terminal Limited for an FSRU. Under the terms of the deal, MOL will supply the unit,…
Thursday, 27 June 2019
Polish Oil and Gas Company (PGNiG) has agreed to purchase an additional 1.5 mill tonnes per annum of LNG from Venture Global LNG.
Commonwealth LNG, LLC and Gunvor Singapore Pte Ltd, have signed a heads of agreement (HOA) towards a definitive 15-year LNG sale and purchase agreement (SPA).
Daewoo Shipbuilding & Marine Engineering (DSME) has received general approval for ship application from class society DNV GL for its Solidus LNGC cargo containment system.

News Nudges

Gunvor takes ‘Marshal Vasilevskiy’

It has been reported that Gunvor had chartered the ‘Marshal Vasilevskiy’ from Gazprom to load a gas cargo in the US. According to Refinitiv Eikon data, the dual-purpose FSRU and LNGC left Rotterdam on 4th November and is due to arrive at the Sabine Pass LNG terminal on 26th November, loading three days later. The cargo’s destination is thus far unknown. Previously, between August and November, she was chartered to Austrian company OMV and prior to that, was moored near Kaliningrad as an FSRU to offset any potential disruption to gas pipeline flows via Belarus to the area.


New Chinese receiving terminal planned

Suntien Green Energy plans to build an LNG receiving terminal in northern China have been granted state approval. The company is a Chinese wind power producer and piped gas distributor backed by the Hebei provincial government. It plans to make an initial investment of $1.15 bill in a first-stage receiving terminal, capable of handling 5 mill tonnes per annum of LNG by the end of 2022. Eventually, the terminal’s capacity will be increased to 12 mill tonnes per year. The terminal will reportedly be comprised of eight storage tanks giving 200,000 cu m capacity, and a berth suitable for LNGCs with capacities from 80,000 to 266,000 cu m. Suntien claimed that it will finance the project with its own capital, supplemented with loans from financial institutions.


Perusahaan Gas Negara signs Sinopec LNG supply deal

Indonesia’s gas distribution company, PT Perusahaan Gas Negara (PGN), is to sell LNG to China’s Sinopec next year. Sinopec required shipments of at least six LNG cargoes in 2020, PGN Director Syahrial Mukhtar told Reuters. The first shipment is expected in early January. PGN expects to source the LNG from both domestic gas fields and overseas, including from parent company’s PT Pertamina’s gas fields, it said.


Poland to charter LNGCs next year

Poland’s state-owned oil & gas company PGNiG is believed to be close to signing agreements with two or more shipping lines for the staggered charters on about six LNGCs. These vessels will ship LNG contracted on a free-on-board (FOB) basis from Sempra Energy’s Port Arthur and Venture Global LNG’s Calcasieu and Plaquemines projects.


‘LNG Dubhe’ on her way to Europe

The first of four conventional LNGCs ordered for the Yamal LNG project was delivered earlier this month. Ordered by MOL and China COSCO Shipping Corp , the ‘LNG Dubhe’ was handed over by Hudong-Zhonghua Shipbuilding. She was due to arrive at Singapore on 13th November, according to VesselFinder. Initially, ‘LNG Dubhe’ will ship Yamal LNG from European transhipment terminals or at a ship-to-ship cargo transfer location.