In this issue

 

GasLog Partners’ recorded its highest quarterly results for revenues, adjusted profit, EBITDA in the third quarter of this year.
Thursday, 14 November 2019
Free ReadAt the end of October, Delfin Midstream entered into new agreements for front-end design and engineering work (FEED) for its newbuilding FLNG project with Samsung Heavy Industries (SHI) and Black…
Thursday, 14 November 2019
Babcock’s LGE business has celebrated its 26th order this year from South Korean and Chinese shipyards.
Thursday, 14 November 2019
Bridge electronics repair and maintenance specialists Sandvik has seen recent success in the LNGC sector.
Free ReadTeekay Corp and Teekay LNG Partners have confirmed that COSCO Shipping Energy Transportation has completed an ownership restructuring on arms-length terms, due to US sanctions.  As a result, Teekay LNG’s…
Infraestructura Energetica Nova (IENOVA) expects to make a final investment decision (FID) on building the first phase of its Mexican Energia Costa Azul (ECA) LNG export plant in early 2020,…
Lloyds Energy subsidiary, Alaska-based Qilak LNG, has signed a Heads of Agreement (HOA) with ExxonMobil Alaska Production.
Thursday, 31 October 2019
Free ReadThe US Federal Energy Regulatory Commission (FERC) has issued a Notice of Schedule for Environmental Review for Commonwealth LNG’s proposed export plant. This project encompasses the construction of an LNG…
Asia is expected to lead the world’s new LNG regasification capacity additions.
State-controlled PetroVietnam Gas (PV Gas) has begun to build the Thi Vai LNG import terminal, and also signed finance deals for the first phase of the project.
Golar Power Limited, a 50/50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Partners, has been awarded a 25-year power purchase agreement (PPA) to build a 605 MW combined…
Free ReadAustralian Industrial Energy (AIE) has lodged a ‘Modification’ to its existing Development Consent for its Port Kembla Gas Terminal to meet higher demand for natural gas during peak periods. As…
Calgary-based Pieridae Energy has closed its acquisition of all of Shell Canada Energy’s midstream and upstream assets in the southern Alberta Foothills for Can$190 mill.
Thursday, 31 October 2019
Sempra Energy has signed into a memorandum of understanding (MOU) with Mitsui & Co.

News Nudges

Tellurian extends loan maturity

Tellurian has amended the terms of its 2019 Term Loan. This includes an 18-month extension of the maturity date to 23rd November, 2021. President and CEO, Meg Gentle, said, “As announced in early March, we are making necessary changes amid challenging global conditions. We have restructured the organisation and entered into an agreement to extend our Term Loan maturity to late 2021, which swiftly completes the second critical step toward resiliency in the current market. We are working remotely with potential equity partners for the Driftwood project and implementing measures to keep our team safe and productive to regain commercial momentum when the effects of COVID-19 subside,” she said.


Sakhalin extends Svitzer contract

Copenhagen-based towage company Svitzer has won a 10-year extension of a marine service contract with Sakhalin Energy Investment Company, a consortium set up to develop and manage the oil and gas Sakhalin-II project. Svitzer has been providing towage services to the Sakhalin-II since 2007. The extension, which comes into effect in November, 2022, involves the mooring of more than 1,800 LNGCs using a fleet of four Robert Allen icebreaking tugs and two mooring boats. These vessels are operated by a team of 58 Russian crew members, supported by nine onshore staff. Commenting on the extension, Alan Bradley, Svitzer’s Cluster Manager - Asia, said;“We are very pleased that Sakhalin Energy Investment Company have chosen Svitzer as their preferred partner for 10 more years. With the extension, we are able to continue to play an important role in ensuring that oil, gas, food and supplies are reaching people and homes. Our goal is to ensure we always support the customer’s business by providing efficient marine services in their terminal – the extension of a contract as significant as this one gives us confidence that we are adding value.”


Markets

Broking sources have reported that Maran Gas has exercised yet another option for a 170,000 cu m LNGC from Daewoo. The $192 mill vessel was thought to be the 13th ordered from the South Korean yard. She is due for delivery in 2022. Several deliveries in LNG Shipping News LNGC orderbook, which see, look likely to slip backwards, due to the current situation, Fearnleys said. In the charter market, ExxonMobil was believed to have chartered the 176,300 cu m, 2016-built ‘Rioja Knutsen’ on a relet. The rate was reported as $64,000 per day.


Transhipments return to Honningsvåg

Novatek and Tschudi are reportedly returning to Honningsvåg to undertake ship-to-ship LNG transfers. Following a successful reloading operation in 2019, the companies have earmarked more STS operations to transfer LNG from Yamal Arc 7 tonnage to conventional vessels. Between November 2018 and June 2019, 123 LNG cargoes were transhipped from Arc7s to conventional LNGCs, local news sources said. Last year, Novatek said that the operation in Norwegian waters would be a ‘one off’ and it would instead be looking to transfer LNG in Russian waters off Kildin Island, northeast of Murmansk. In the medium-term, the company was thought to be trying to establish a permanent transhipment terminal near Vidyaevo, also on the Kola peninsula. Tschudi was reported to have received an updated operating permit on 30th September, 2019. At that time the number of permitted transfers was increased from 165 to 207 per calendar year, out of which, 140 LNG transfers are allowed. A Notice to Mariners issued in February this year warned of shipping activity around Honningsvåg stating that operations could be expected between 22nd March and 15th May.


Jordan Cove gets FERC nod

On 19th March, the US Federal Energy Regulatory Commission (FERC) finally approved the Jordan Cove energy project. This is the 12th LNG export project that FERC has approved since Chairman Neil Chatterjee took office, he said in a statement. To be located at Coos Bay, Oregon, Jordan Cove is also the first export terminal the Commission has certificated on the US West Coast in the lower 48. This facility will be capable of liquefying up to 1.04 bill cu ft of natural gas per day for export to global markets. The Pembina operated project includes a pipeline, plus marine loading facilities.