In this issue

 

Thursday, 05 March 2020
Spanish LNG importers are to slow their gas intake in March and April, according to nominations published by Enagas and analysed by S&P Platts.
Thursday, 05 March 2020
Venture Global Plaquemines LNG and Électricité de France (EDF) have signed a 20-year Sales and Purchase Agreement (SPA) for the supply of 1 mill tonnes per annum of LNG.
Thursday, 05 March 2020
Qatar Petroleum’s subsidiary, Qatar Terminal Ltd (QTL), has signed a long-term agreement with Elengy to handle LNG receiving, storage and regasification services at the French Montoir-de-Bretagne terminal.
Free ReadCheniere Energy has claimed that it does not expect any significant or prolonged curtailment of US LNG production, due to cancelled cargoes. “While we acknowledge that some LNG on the…
Sempra’s Cameron LNG's second train began commercial operations under tolling agreements on 2nd March.
Centrica plc and Centrais Elétricas de Sergipe SA (CELSE) have jointly commissioned Brazil’s first private LNG import terminal.
Thursday, 05 March 2020
Free ReadThere were several LNGC company results published in the past couple of weeks. LNG SN has condensed the reports in alphabetical order, as they were published before the effects of…
Thursday, 05 March 2020
Höegh LNG has reached an agreement with Total to settle a boil-off dispute on two chartered vessels.
Thursday, 05 March 2020
The Pakistan Government has cut LNG imports to avoid excessive pressure on public utility pipelines.
Thursday, 05 March 2020
GTT (Gaztransport & Technigaz) President and CEO Philippe Berterottière, has commented on the company’s record year.
Free ReadBurckhardt Compression has signed a five-year service agreement covering nine LNGCs fitted with the patented Laby-GI compressors on board. Building on their close and long-term partnership, the two companies have…
Thursday, 05 March 2020
Mitsui OSK Lines (MOL) and Daewoo Shipbuilding & Marine Engineering (DSME) are to jointly develop a new technology to reduce FSRUs’ environmental impact.
The Republic of the Marshall Islands and the Belgian Government have issued Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code to Excelerate Technical Management (ETM), a…
Thursday, 20 February 2020
Free ReadThe Wuhan coronavirus, or COVID-19 as it is now officially known, has had a negative impact on the LNGC market, which is also currently suffering from softening daily rates, due…

News Nudges

Adriatic receives first Q-Flex

Qatargas has delivered the first Q-Flex LNG cargo to the Adriatic LNG receiving terminal in Italy. The Qatargas-chartered LNGC, ‘Tembek,‘ loaded at Ras Laffan on 9th June and arrived at the Adriatic LNG terminal on 21st June. This terminal is located around 14 km offshore of Porto Levante in the northern Adriatic near Rovigo. It was the world's first offshore gravity-based LNG regasification terminal. Operated by ExxonMobil (70%); Qatar Terminal Ltd (23%), a subsidiary of Qatar Petroleum; and Snam (7%), the terminal is connected to the Italian national distribution network through integrated pipelines. It has a regasification capacity of 8 bill cu m of LNG per year and it currently supplies over 10% of the country's natural gas requirements, Qatargas said.


Orders and deliveries

Hudong-Zhonghua Shipbuilding Co, part of China State Shipbuilding Corp (CSSC), is to build three LNGCs worth Yuan3.9 bill ($551.62 mill). The 174,000 cu m LNGCs will be operated by COSCO Shipping Energy Transportation (CSET), a subsidiary of COSCO Shipping. They will be deployed under a 20-year charter to PetroChina. The three vessels are expected to be delivered between the end of 2022 and early 2023, a spokesperson at Hudong-Zhonghua told Reuters. They will be fitted with X-DF propulsion units and membrane type containment systems. Liu Hanbo, CSET Chairman, told Reuters that the construction of the new LNGCs is in response to the government’s call to expand domestic demand and to safeguard China’s energy security. Elsewhere, Norwegian shipowner Knutsen OAS has taken delivery of a newbuild LNGC from Hyundai Heavy Industries (HHI). The 180,000 cu m ’Traiano Knutsen’ has begun her long term charter with Enel upon her delivery. Knutsen has another four 174,000 cu m LNGCs on order with HHI, all of which are scheduled for delivery next year, as well as an 30,000 cu m LNGC at Hyundai Mipo also for delivery in 2021.


Sonatrach extends Total deal

Algerian state energy company Sonatrach has signed a deal with Total to continue the supply of 2 mill tonnes a year of LNG to France for another three years. Relations between Sonatrach and Total had deteriorated after Algeria blocked the sale of Anadarko assets to the French company, energy sources had told Reuters.


Korea Lines spins off LNGC segment

Korea Lines has reportedly completed its planned spin-off of its LNG shipping business into a separate entity. A new company — Korea LNG Shipping — now owns 11 LNGCs, all of which are under term charters with South Korean state-controlled importer Kogas. Four of these vessels are owned in a consortium. Korea LNG Shipping is also due to take delivery of another two LNGCs from Hyundai Samho Heavy Industries (HSHI) in 2022.


Tianjin tops LNG imports in China

North China's Tianjin came top in the list of the country’s LNG import ports for the first five months of this year. Tianjin accounted for about 19.5% of the country's total LNG imports, according to the Tianjin Customs, reported Xinhua. From January to May, LNG imports through the port increased 24.8% year-on-year to hit 4.97 mill tonnes as LNG prices kept falling. Tianjin LNG imports during the period mainly came from Australia, Russia and Southeast Asia, which added up to 75.4% of the port's total LNG imports.