In this issue

 

Dynagas LNG Partners and Yamal Trade Pte Ltd have amended the charterparty whereby the period charter of the Ice Class LNGC ‘Yenisei River’ will start earlier than originally agreed. 

Russian LNG producer Novatek is contemplating building a 20 mill tonnes per year transhipment terminal at Murmansk, CEO Leonid Mikhelson reportedly said, according to Platts.

Thursday, 30 August 2018

Australian Industrial Energy (AIE) has chartered an FSRU from Höegh LNG for its Port Kembla Gas Terminal (see Höegh results on page 6).

Teekay LNG Partners has priced NOK850 mill in new senior unsecured bonds that mature in August, 2023 in the Norwegian bond market.

Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India.

Thursday, 30 August 2018

Flex LNG Limited has reported a net loss of $2.9 mill and loss per share of $0.01 for the second quarter of 2018, compared with a net loss of $6.7 mill and a loss per share of $0.02 for 2Q17. 

Höegh LNG Holdings has reported an EBITDA of $40.3 mill and a profit after tax of $7.8 mill for the second quarter of this year. 

Golar LNG Limited has reported net income of $36.3 mill for the second quarter of 2018, compared to a loss of $21 mill in the previous quarter.

Class society ABS has claimed a world first - the conversion of a slow-speed marine diesel engine to operate on Ethane as a fuel. 

Stena Bulk’s LNGC ‘Stena Blue Sky’ has delivered the inaugural cargo to the first privately-owned LNG terminal in China.

Bangladesh’s first LNG import facility, Moheshkhali Floating LNG (MLNG) terminal, located offshore Moheshkhali Island in the Bay of Bengal, has officially commenced operations.

Harris Pye, a Joulon company, has completed fast turnaround modifications to the mooring systems for two LNGCs whilst they were at anchor off the African coast.

Cheniere Energy is ready to introduce feedgas to the first liquefaction unit at its LNG export facility in Corpus Christi, Texas as part of the company’s plan to start production before the end of this year.Cheniere has filed with the US Federal Energy Regulatory Commission (FERC) to request permission to introduce feedgas to Train 1, according to a Platts report. 

Thursday, 02 August 2018

Demand for natural gas and LNG remained robust during the first half of this year, underpinned in the second quarter by significant increases in demand from major Asian consumers, GasLog said in its second quarter results roundup (see page 6). 

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.