In this issue

 

Although not as damaging to oil and gas plants as first feared, Hurricane ‘Laura’s’ approach temporarily suspended operations at several US Gulf LNG terminals last week.
Thursday, 03 September 2020
Two multi-national companies are to start building LNG terminals in Pakistan during next few months.
Thursday, 03 September 2020
Free ReadTokyo Gas Co Ltd has established a wholly owned subsidiary, TG Global Trading Co Ltd (TGT). This was set up to head up the further development of the LNG trading…
Thursday, 03 September 2020
Chevron plans to shut Australian Gorgon LNG’s Train 1 in early October and Train 3 in January, 2021 for inspection of the processing units key equipment.
Thursday, 03 September 2020
The Sri Lankan Board of Investment (BoI) has signed an agreement with Pearl Energy to invest $97.2 mill in a floating storage LNG trading facility at Hambantota.
Thursday, 03 September 2020
Free ReadFollowing recent terrorist activity in Mozambique, Total E&P Mozambique Area 1, operator of the Mozambique LNG project, signed a Memorandum of Understanding (MoU) with the Mozambique Government to create security.…
Four Philippine LNG import terminal projects are currently at various stages of approval and financial closures.
Flex LNG Ltd’s revenues for the second quarter of this year were $25.8 mill, compared to $38.2 mill for the previous quarter.
Thursday, 03 September 2020
Free ReadAwilco LNG Group has reported net freight income of $4.1 mill for the second quarter of this year, compared with $12.9 mill in the previous quarter. EBITDA was $1.4 mill,…
Russian energy shipping giant, PAO Sovcomflot (SCF Group) has reported a 149% increase in net profit for the first half of this year, compared to 1H19.
Thursday, 03 September 2020
Hygo Energy Transition (Hygo), formerly Golar Power, is to initiate an IPO.
Japanese conglomerate Mitsui OSK Lines (MOL) and Admiral Makarov State University of Maritime and Inland Shipping (Admiral Makarov SUMIS) are to set up a specialist training facility at the St…
Free ReadScana-owned Seasystems has won a contract from Daewoo (DSME) to deliver mooring equipment and analyses for two FLNGs. “This is a major contract for us, and it once again confirms…
Thursday, 03 September 2020
FSRU and LNGC owner, Höegh LNG Holdings Ltd has reported a second quarter EBITDA of $57.7 mill and a net profit of $2.9 mill.

News Nudges

Melkoeya shut by fire

A fire at Equinor’s Melkoeya LNG export plant on Monday has halted output. The blaze broke out in an oil-driven turbine at the plant, triggering an evacuation of non-emergency staff, but the extent of the damage to the facility remained unknown, Equinor said. Melkoeya had suffered an outage on 11th September and was only restarted in the early hours of Monday morning, just hours before the fire started. An attempt to restart the plant was aborted on 13th September, due to a gas leak, Equinor said. It was later revealed that the plant could be closed for a few weeks.


‘LNG Croatia’ sails for Europe

LNG Croatia’s FSRU ‘LNG Croatia’, ex ‘Golar Viking’, sailed from China on 20th September, 2020, and its currently heading for Europe. The FSRU is due to arrive in Croatia about 20th October, the energy company said. Before it arrives at the site, the FSRU will go to the Viktor Lenac shipyard where final tests will be conducted. At the beginning of December, terminal commissioning activities are expected to begin, with the aim of starting commercial operations on 1st January, 2021.


Appointments

GasLog Ltd has appointed Kristin Holth as an Independent Director, effective immediately. From 2017 to 2020, Holth served as Executive Vice President and Global Head of Ocean Industries in DNB Bank, Norway’s largest financial services group. She has had significant experience in capital markets and funding and has held numerous management positions within DNB, including Global Head of Shipping, Offshore & Logistics and General Manager & Head of DNB Americas. Holth also holds several board positions, including as Independent Director of Maersk Drilling since April 2020. Peter G Livanos, GasLog’s Chairman of the Board of Directors, said, “I am very pleased to welcome Kristin to the Board. Her experience in shipping and energy capital markets and proven leadership make her an excellent addition to the GasLog Board. The board, management and I look forward to working with her for many years to come.” ****Robert Pender and Michael Sabel, Founders, Co-Chairmen and Co-CEOs of Venture Global LNG, have announced an upcoming change in the company’s corporate governance. Effective 1st October, 2020, Sabel will assume the role of CEO and Pender will continue to serve as Executive Co-Chairman, a new officer position, supporting the CEO on key strategic and financial matters. Pender will continue to serve on the company's board, together with Sabel, both as Executive Co-Chairmen of the Board. ****Nippon Paint Marine has appointed coatings industry veteran, Mark Woods, as its new business development manager. With a mandate to deliver growth and strengthen Nippon Paint Marine’s market share in the LNGC sector, plus other ship types, Woods will focus on the UK and Monaco markets from his London office. Woods has more than 27 years’ industry experience, having held senior technical sales and business development positions with a number of marine coatings companies.


Nakilat takes another Q-Flex

Nakilat has taken over full shipmanagement and operations of another Q-Flex LNGC. The ‘Al Rekayyat’ was handed over by Shell International Trading and Shipping Co Limited on 20th September, 2020, as part of the second phase of its planned fleet management transition programme. She is the sixth vessel to come under the management of Nakilat Shipping Qatar Ltd (NSQL) this year, bringing the total number of vessels managed by NSQL to 25, comprising of 21 LNG and four LPG carriers.


PNSC to set up LNG shipping desk

Pakistan’s Federal Minister for Maritime Affairs, Ali Haider Zaidi, has confirmed that Pakistan National Shipping Corp (PNSC) is to set up a LNG shipping desk. A jobs advertisement has been circulated on a social media networking site. According to the advert, PNSC will hire qualified and experienced professionals as individual consultants on a long term consultancy basis for a period of one year which can be extended by mutual agreement.


Hepco receives first US cargo

Japan’s utility company Hokkaido Electric Power (HEPCO) has received its first US LNG cargo at the Ishikari regasification terminal. The 177,000 cu m ‘Shinshu Maru’, owned by JERA and NYK in a joint venture, delivered the cargo loaded at Freeport,Texas on 21st September. Hepco reportedly said it had purchased the shipment under a spot deal with JERA, which holds a stake in the Freeport LNG export facility. The company had previously imported LNG from Malaysia, Australia and Russia to fuel the Ishikariwan Shinko power plant. Hepco shares the Ishikari terminal with Hokkaido Gas, which owns the first two LNG tanks opened in 2012 and 2016, respectively. The energy utility operates a third LNG tank opened in July, 2018 and a fourth scheduled to come online next month.


SHI lays second Minerva LNGC keel

Greek LNGC owner and operator, Minerva Gas, has laid the keel for a newbuilding at Samsung Heavy Industries. The ceremony occurred on 15th September, at the South Korean shipyard. The vessel, currently designated as Hull SN2305 will be named ‘Minerva Chios’. She will have a capacity of 174,000 cu m and will be fitted with 2-stroke X-DF propulsion and GTT’s Mark III Flex Plus containment system. ‘Minerva Chios’ is scheduled for delivery next year and is the second in a series of three sisterships the company is currently building at SHI. Another two LNGCs are under construction at Daewoo (DSME). In addition, Greek shipowner Thenamaris took delivery of its newbuilding LNGC - the 174,000 cu m ’Cool Discoverer’ - from Hyundai Heavy Industries (HHI). The vessel brings Thenamaris' LNG fleet to four vessels. Thenamaris will also take delivery of the sistership ’Cool Racer’ in February, 2021, the final vessel in the series. Another LNGC is scheduled to be delivered from HHI before the end of this month - the 174,000 cu m ’Vivit Americas’ to Greek owner TMS Cardiff Gas.