In this issue

 

Free ReadUncertainty over China’s LNG future demand has grown following its decision to offer force majeure certificates to domestic companies. The certificates will be made available if companies are unable to…
Chinese state-owned gas distributor Beijing Gas Group has obtained the government's approval to build a 5 mill tonnes per year LNG receiving terminal at Nangang district, Tianjin city.
Thursday, 06 February 2020
On 24th January, the US Federal Energy Regulatory Commission (FERC) issued the Supplemental Final Environmental Impact Statement (FEIS) for the production capacity amendment to LNG Ltd’s (LNGL) Magnolia LNG project.
Free ReadFollowing the news that Eni has signed an LNG supply agreement with Nigeria LNG (NLNG) (see page 4), Cao Chai, GlobalData’s Upstream analyst, examined African LNG projects currently under development.…
Thursday, 06 February 2020
Excelerate Energy and Engro Elengy Terminal Ltd (EETL) have signed a Heads of Agreement (HOA) to expand Port Qasim’s EETL liquefied natural gas (LNG) import terminal.
Qatargas has supplied a commissioning cargo for India's newest LNG receiving terminal - Mundra - located on the west coast of India.
Thursday, 06 February 2020
Novatek is to invest in a $12 bill fleet of up to 42 icebreaking carriers for the Northern Sea Route, TASS news agency reported last week.
Thursday, 06 February 2020
Free ReadNigeria LNG Limited (NLNG) and Eni have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG's Trains 1, 2 and 3. The SPA…
Thursday, 06 February 2020
S&P Global Platts has launched ‘Platts Analytics Weekly Japan-Korea Marker (JKM) Forecast Report’.
Thursday, 06 February 2020
SINOSURE has approved the release of around $40 mill from the Debt Service Reserve Account under EXMAR’s ‘Tango’ FLNG loan facility.
Thursday, 06 February 2020
Free ReadCheniere Energy recently produced and exported its 1,000th LNG cargo. This milestone cargo was exported within a four-year time period after startup, setting an industry record and making Cheniere the…
Thursday, 06 February 2020
Free ReadBahrain LNG ‘s new terminal has been completed and commissioned. The customer is paying Bahrain LNG as of the completion date and is sending out the last of the commissioning…
Thursday, 06 February 2020
During inspections on three LNGCs in Boston (Mass), US Coast Guard Port State Control Officers (PSCOs) discovered issues with the fixed flammable gas detection system that resulted in the issuance…
Thursday, 06 February 2020
Free ReadTMC Compressors of the Seas (TMC) has won a contract from Hyundai Heavy Industries to deliver air lubrication system compressors to seven LNGCs under construction for Capital Gas Corp. Under…

News Nudges

‘K’ Line and Knutsen orders

As well as the orders reported elsewhere, ‘K’ Line has signed a timecharter contract for two LNGCs with PETRONAS for 12 years, option 12 years. The charters will start from 2022 and as a result, ‘K’ Line has ordered two 79,960 cu m LNGCs at Hudong-Zhonghua Shipbuilding Co Ltd. These are the first long-term t/c contracts between PETRONAS and ‘K’ Line using newbuildings. Each vessel will be fitted with an X-DF engine. They will ship LNG from Malaysia (Bintulu) to Shenergy (Group) Co, Ltd, China. Elsewhere, to cover the recently announced Shell charter, Knutsen has ordered two 174,000 cu m LNGCs at Hyundai Samho. They will also be fitted with X-DF engines, boil off management plants, air lubrication systems and shaft generators.


Zeebrugge in record year

Fluxys has claimed that 2019 was a ‘very intense record year’ for operations at its Zeebrugge LNG terminal. The Belgian terminal operator said that last year: 2,620 LNG trucks were loaded (compared to 1,453 in 2018); 91 cargoes were unloaded (from 33 in 2018); and 40 cargoes were reloaded (from 25), of which 20 were ‘small scale reloads’. For 2020, we expect even more transhipment operations as the fifth LNG storage tank of 180,000 cu m capacity was fully operational since December, 2019, the company explained.


More cargo orders reported

There were several LNG cargo orders circulating, according to the newswires, many coming from Indian importers. For example, India’s Reliance Industries is seeking five cargoes for delivery between April and June. Gujarat State Petroleum Corp (GSPC) is asking for nine cargoes for delivery between February and April. Indian oil Corp is looking for a cargo for delivery in April to be supplied to the Dahej terminal on 6th April. Gail (India) has bought an LNG cargo for delivery this month, according to industry sources. It bought the cargo for delivery into Dabhol, India, on a delivered ex-ship (DES) basis for 23rd to 28th February at $2.4 to $2.5 per mmBtu, the sources said. In a separate deal, Gail sold a cargo from the US Cove Point export facility on a DES basis into Europe for a February/March delivery, and probably did not award another cargo it had offered for loading in April from Cove Point, a source told Reuters. Inpex Corp. has a sold an LNG spot cargo from its Ichthys LNG project in Australia to Engie, according to a Reuters report. It is due to be loaded between 7th and 19th March on a free-on-board (FOB) basis. The cost was reported to be around $2 per mmBtu. PTT – the state-owned Thai energy company – is currently looking for one or two LNG cargoes for delivery February/March. Finally, the Sakhalin 2 LNG plant has sold an LNG cargo to Mitsui for loading on 16th March.


Tianjin top Chinese LNG importer

North China's Tianjin port was ranked the first in LNG imports last year, accounting for 10.77% of country's total port imports of LNG, according to the Tianjin Customs, reported Xinhua. LNG imports through Tianjin surged by 56% to 10.2 mill tonnes in 2019. The imports came from 10 countries, including Australia, Russia and Nigeria.


GTT receives more orders from Hyundai

GTT has received orders from Hyundai, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two LNGCs. Each vessel will have a capacity of 174,000 cu m. GTT will design the vessels’ tanks, which will be fitted with the Mark III Flex membrane containment system. The first LNGC will be built in HSHI shipyard on behalf of an unidentified Asian shipowner. This vessel delivery is scheduled for the second quarter of 2022. The second LNGC will be built at HHI for SK Shipping Co. and will be delivered during the third quarter of 2022.