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In this issue

 

Dynagas LNG Partners LP has reported net income for the three and nine months ended 30th September, 2015 of $16 mill and $45.2 mill, respectively, an increase of 14.6% and…
GasLog Partners LP reported an EBIDTA of $37.25 mill and an adjusted EBITDA of $37.31 mill for the third quarter of this year, compared with $23.5 mill in 2Q15.
During the third quarter of 2015, Teekay LNG Partners generated distributable cash flow of $61.1 mill, compared to $64.2 mill in 3Q14.
Thursday, 12 November 2015
Eniram has released Eniram Engine, a new software tool to help guide triple-fuel diesel-electric (TFDE) LNGC engineers and officers use engines and fuel most efficiently.
Thursday, 12 November 2015
In a review of the third quarter 2015 results, Exmar said that the LNG fleet contributed $9 mill to the operating result (EBIT) during 3Q15, compared to $8.5 mill for…
Thursday, 12 November 2015
The joint venture group FSP LNG is taking its flat panel semi-membrane prismatic Type B containment system through general design approval (GDA) with ABS and forecast that the construction of…
Shipping, logistics and marine services provider GAC Group has highlighted the growing importance for LNG shipowners and operators of working with ship agents with specialist expertise and capabilities.
Thursday, 12 November 2015
GTT has launched LNG Advisor - a new boil-off gas (BOG) monitoring system to be used on LNGCs while at sea.
Korea Gas Corp (KOGAS) said it received its first cargo containing 60,000 tonnes of LNG, from the GLNG project in Gladstone.
Thursday, 12 November 2015
CSSC Wärtsilä Engine (Shanghai) (CWEC) held a ground breaking ceremony for its new engine factory on 28th October.
Danish security concern Risk Intelligence has launched PortRisk, a service providing intelligence on risk in ports available on demand.
In what could be a boost for Asian LNGC trading, Singapore-based Pavilion Energy has signed a 10-year sales & purchase agreement to buy LNG from a Gazprom subsidiary.
Thursday, 12 November 2015
Golar LNG has won a firm contract to provide West African Gas (WAGL) with an FSRU to support Ghana’s LNG import operations.
Friday, 27 November 2015
Free ReadApril 23 (LNGJ) - Toho Gas, the Japanese city-gas company, has signed a second agreement to purchase LNG cargoes from the Cameron LNG export plant being built in Louisiana by…

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.