In this issue

 

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.
Free ReadChina’s Yantai LNG Group is to operate an LNG import terminal by 2022. According to newswire reports, the company expects Chinese government approval in the next few weeks. Yantai is…
Thursday, 31 October 2019
Nakilat announced improved net profits of QR728 mill for the first nine months of this year, compared to QR659 mill during the same period of 2018 - an increase of…
Thursday, 31 October 2019
Awilco LNG has announced that the term sheet for the refinancing of the company’s two 2013-built 156,000 cu m TFDE LNGCs, ‘WilForce’ and ‘WilPride’, was recently credit approved.
Thursday, 31 October 2019
Gaztransport & Technigaz (GTT) earned revenue of almost €200 mill for the first nine months of this year, a rise of 8.7% over the same period of 2018.
Thursday, 31 October 2019
Free ReadLNGCs require constant monitoring and proactive maintenance to ensure safe and reliable operation.  Digitalisation provides the means to accomplish this, and comprehensive data-processing services can extract actionable insights from monitoring…
Thursday, 31 October 2019
Alfa Laval’s dual-fuel boilers, Gas Combustion Unit (GCU) and services, offer a complete portfolio of solutions for boil-off gas (BOG) safety on board vessels, the company claimed.
Thursday, 31 October 2019
China’s largest LEG shipowner - Pacific Gas- is to install Inmarsat’s Fleet Xpress connectivity on all its vessels.This will also include Inmarsat’s Fleet Secure Endpoint, which is aimed at negating…
Thursday, 17 October 2019
LNG shipping rates have surged to $130,000 per day from around $80,000 per day at the end of September due to tight vessel supply and seasonal firmness in demand.

News Nudges

Gunvor takes ‘Marshal Vasilevskiy’

It has been reported that Gunvor had chartered the ‘Marshal Vasilevskiy’ from Gazprom to load a gas cargo in the US. According to Refinitiv Eikon data, the dual-purpose FSRU and LNGC left Rotterdam on 4th November and is due to arrive at the Sabine Pass LNG terminal on 26th November, loading three days later. The cargo’s destination is thus far unknown. Previously, between August and November, she was chartered to Austrian company OMV and prior to that, was moored near Kaliningrad as an FSRU to offset any potential disruption to gas pipeline flows via Belarus to the area.


New Chinese receiving terminal planned

Suntien Green Energy plans to build an LNG receiving terminal in northern China have been granted state approval. The company is a Chinese wind power producer and piped gas distributor backed by the Hebei provincial government. It plans to make an initial investment of $1.15 bill in a first-stage receiving terminal, capable of handling 5 mill tonnes per annum of LNG by the end of 2022. Eventually, the terminal’s capacity will be increased to 12 mill tonnes per year. The terminal will reportedly be comprised of eight storage tanks giving 200,000 cu m capacity, and a berth suitable for LNGCs with capacities from 80,000 to 266,000 cu m. Suntien claimed that it will finance the project with its own capital, supplemented with loans from financial institutions.


Perusahaan Gas Negara signs Sinopec LNG supply deal

Indonesia’s gas distribution company, PT Perusahaan Gas Negara (PGN), is to sell LNG to China’s Sinopec next year. Sinopec required shipments of at least six LNG cargoes in 2020, PGN Director Syahrial Mukhtar told Reuters. The first shipment is expected in early January. PGN expects to source the LNG from both domestic gas fields and overseas, including from parent company’s PT Pertamina’s gas fields, it said.


Poland to charter LNGCs next year

Poland’s state-owned oil & gas company PGNiG is believed to be close to signing agreements with two or more shipping lines for the staggered charters on about six LNGCs. These vessels will ship LNG contracted on a free-on-board (FOB) basis from Sempra Energy’s Port Arthur and Venture Global LNG’s Calcasieu and Plaquemines projects.


‘LNG Dubhe’ on her way to Europe

The first of four conventional LNGCs ordered for the Yamal LNG project was delivered earlier this month. Ordered by MOL and China COSCO Shipping Corp , the ‘LNG Dubhe’ was handed over by Hudong-Zhonghua Shipbuilding. She was due to arrive at Singapore on 13th November, according to VesselFinder. Initially, ‘LNG Dubhe’ will ship Yamal LNG from European transhipment terminals or at a ship-to-ship cargo transfer location.