In this issue

 

Wednesday, 18 March 2020
Free ReadIndia was set to import record volumes of LNG last month in an effort to take advantage of its price hitting all-time lows, due to the virus outbreak dampening demand…
FGEN LNG Corp is seeking the Philippines Department of Energy’s (DOE) approval to allow it to start the construction of its planned LNG terminal.
The US Federal Energy Regulatory Commission (FERC) has prepared a final environmental impact statement (EIS). This assesses the impacts of constructing and operating the Alaska LNG project proposed by the…
Tellurian has appointed two new executive leadership team members following an announcements regarding cutbacks. Kian Granmayeh, formerly Director of Investor Relations, is now Tellurian’s CFO, responsible for financial strategy and…
Free ReadKorea Lines is to spin off its LNG transportation business into a separate company, according to reports from South Korea. The 11 LNGCs — all chartered to South Korean state-owned…
Wednesday, 18 March 2020
India's Gujarat State Petroleum Corp (GSPC) is seeking six LNG cargoes for delivery from March to November through two separate tenders, according to newswires. One cargo is for delivery from…
On 13th March, Golar Power Limited signed a Protocol of Intentions with the Pernambuco State Government to develop an LNG import terminal at Suape, located in the northeast of Brazil.
Wednesday, 18 March 2020
Free ReadOn 12th March, Grain LNG welcomed its 500th LNGC since it opened for business 14 years ago. The vessel involved was the ‘LNG Merak’, which berthed at the River Medway…
Wednesday, 18 March 2020
Pavilion Energy Pte Ltd and Singapore LNG Corp Pte Ltd (SLNG) have signed a five-year agreement for LNG storage and reload services at the SLNG Terminal on Jurong Island. This…
The terminal to dock LNGCs to supply gas for 350 MW LNG power plant in Myanmar’s Thilawa Special Economic Zone is about 40% complete.
Wednesday, 18 March 2020
Free ReadAB Klaipedos nafta (KN) has concluded a loan agreement with Nordic Investment Bank for up to €160 mill. This will be used to finance the acquisition of an FSRU.  The…
Wednesday, 18 March 2020
Dynagas LNG Partners has reported fourth quarter 2019 net income of $5.5 mill, compared to a net loss of $0.9 mill in the corresponding period of 2018. This represents an…
Mexico Pacific Limited (MPL) has awarded a Front End Engineering Design (FEED) contract to Technip USA. This represents one of the final milestones to moving the project into construction and…
Air Products is to supply two LNG heat exchangers for the Mozambique LNG Project. The contract was signed with the joint venture company comprising affiliates of Saipem, McDermott and Chiyoda.

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.