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In this issue

 

Nordic liquefied natural gas operator Skangass said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori.
GDF-Suez, the European utility and LNG player, has rebranded itself and will now be known as ENGIE to reflect the "profound change" in the energy world.

News Nudges

Northwest Shelf sheds LNGC

Brokers have reported the sale of the 1992-built 124,905 cu m ‘Northwest Seaeagle’ to Japan’s Karmol for an undisclosed price. She is believed earmarked for a conversion project.


MOL in reshuffle

Mitsui OSK Lines (MOL) has announced that it will establish an Offshore Gas Project Division. In a reshuffle, due to commence on 1st April, this division will focus on LNG related businesses in energy value chains (FSRU projects, LNG Powership business, etc). This will accelerate the enhancement of the offshore business, in which the company is concentrating on investing in management resources, as set out in Rolling Plan 2019, MOL said. This division will also have specific responsibilities in crude oil fields, such as FPSO projects, shuttle tanker projects, and the subsea support vessel business.


Algeria to continue to supply Turkey

Turkey and Algeria have renewed their natural gas supply agreement for another five years, local media reported, quoting Algerian energy minister, Mohammad Arkab. Algeria accounts for 38% of Turkey's LNG supply market, Arkab was quoted as saying on the sidelines of a recent business forum.


Dominion Cove goes to US DoE

The US Department of Energy (DoE) has received an application from Dominion Energy Cove Point LNG for authorisation to export domestically produced LNG. Comments must be received by 24th February, the DoE said.


BV classes NYK newbuilding

One of the latest projects Paris-based classification society Bureau Veritas (BV) is undertaking is the classing of NYK’s 174,000 cu m dual-fuel newbuilding at Samsung. BV has been involved in LNGC design since the 1960s with the ‘Jules Verne’ among others. The class society was also a founder member of the Energy Transition Coalition with the French Government, which was unveiled in December last year. At a recent presentation in London, Matthieu de Tugny, BV’s Marine and Offshore President said that the LNGC fleet will grow significantly in the next few years. Quoting Clarksons, he said that 40 are due to be delivered this year, 56 in 2021 and 32 in 2022 to add to the 550 already in service of over 40,000 cu m capacity.