In this issue

 

Thursday, 16 May 2019
It is with deep regret that LNG Shipping News has to report the passing of Kathleen Eisbrenner at the age of 58.
Qatar Petroleum (QP) has issued an invitation to tender to build a new LNGC fleet. 
GasLog has taken its usual look at the state of play in the first quarter 2019 presentation with the help of leading analysts.  Despite LNG demand in 1Q19 being negatively…
Russia is to spend around RR70 bill to build a new Arctic terminal on the Kola Peninsula for storage and reloading of LNG. 
The Australian New South Wales Government has awarded development consent to Australia Industrial Energy’s (AIE) Port Kembla Gas Terminal (PKGT). 
Teekay LNG Partners has secured a new, three-year fixed-rate charter contract for the LNGC ‘Magellan Spirit’ to an integrated oil and gas company commencing this summer. Concurrently, Teekay LNG extended…
Thursday, 02 May 2019
Mitsui OSK Lines (MOL) held a naming ceremony for two newbuilding LNGCs at Japan Marine United Corp’s (JMU) Tsu shipyard on 24th April.
Thursday, 02 May 2019
The US Federal Energy Regulatory Commission (FERC) has issued several statements recently on the state of play of various projects.
It has been widely reported that Venture Global has plans for a third LNG export project to be located on the US Gulf Coast. 
Keppel Shipyard has received the Final Notice to Proceed (FNTP) from Gimi MS Corp, a subsidiary of Golar LNG Limited, to commence the full conversion work for the Gimi FLNG…
GasLog Partners has reported first quarter 2019 IFRS and Partnership performance results for revenues, profit, adjusted profit and EBITDA of $86.3 mill, $20.4 mill, $27 mill and $62.9 mill, respectively. 
Nakilat has announced a net profit of QR236 mill for the first quarter of this year, compared to QR217 mill in the same period last year - an increase of…
Flex LNG has agreed a sale and charter back deal with Hyundai Glovis for the LNGCs ‘Flex Endeavour’ and ‘Flex Enterprise’. Under the terms of the deal, Flex LNG will…
Thursday, 02 May 2019
LNG and LPG owner and operator, EXMAR has reported first quarter 2019 EBITDA, as per the proportionate consolidation method, of $13.6 mill, compared with $41.5 mill for 1Q18, which included…

News Nudges

GTT wins another three orders

GTT has received an order from Hyundai Heavy Industries (HHI), to design the tanks for a new 174,000 cu m LNGC, contracted by Greek shipowner, Capital Gas Carriers. The company will design the tanks of the vessel, which will be fitted with the Mark III Flex membrane containment system. The ship’s delivery is planned during the third quarter of 2021. In addition, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of two new 174,000 cu m LNGCs on behalf of the Greek shipowner Maran Gas. The delivery of these ships is planned for the first half of 2021.


Poten announces LNG courses

This June, shipbroker and analyst, Poten & Partners is to hold two LNG training courses - LNG Trading in Singapore and LNG 101 in New York. LNG Trading – From Strategy to Practice will be held in in partnership with TwoTwoFive between 11th and 13th June and will cover - • Mechanics of LNG Trading. • LNG trading in Asia. • Simulations. • Managing LNG Complexities. • Pricing Risk Management. • Key Issues and Opportunities. LNG 101 - Energy for a Cleaner Future will be held on 27th June in partnership with the NYU School of Professional Studies Center for Global Affairs. The course will provide a robust overview of the LNG value chain from upstream development, liquefaction, shipping and regasification through to downstream market delivery. Poten said that this course is ideal for: • New financial analysts focusing on energy and commodity markets or energy infrastructure; • Legal counsels and lawyers new to the gas space and contract negotiations; • New entrants to the upstream, midstream and downstream gas markets; • New strategists, planners, and analysts at government institutions focused on energy and energy infrastructure policy.


New orders announced

Samsung Heavy Industries (SHI) has received a $190 mill order from an undisclosed interest for a 174,000 cu m LNGC, according to a recent regulatory filing. The South Korean shipbuilder is scheduled to deliver the LNGC by March, 2022 to an Oceania-based shipowner. The name of the company was not disclosed, due to confidentiality reasons, Samsung said. So far this year, SHI has won orders to build eight LNGCs and one FSRU, which totalled a combined $2.6 bill of orders. Elsewhere, Daewoo Shipbuilding & Marine Engineering (DSME) confirmed this week that it had received an order to build a LNGC for an Oceania region owner. The LNGC will be built at Okpo and will be delivered by the second half of 2021, the company said in a statement. On 14th May, Mitsubishi Shipbuilding held a christening ceremony for another Sayaringo STaGE type LNGC, ‘'Bushu Maru’, being built for a joint venture between JERA and NYK.


Flex LNG files US SEC registration

FLEX LNG has publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission (SEC). This relates to the proposed listing of its ordinary shares on the New York Stock Exchange (NYSE). No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process. Following the listing, the company’s ordinary shares will be listed for trading on both the NYSE and the Oslo Stock Exchange.