In this issue

 

Thursday, 07 January 2021
Venture Global LNG plans to have six of 18 Calcasieu Pass production trains installed by mid-February, CEO Mike Sabel said in an interview with Bloomberg TV.
Thursday, 07 January 2021
Asian LNG spot prices jumped by nearly 17% recently, as a cold winter thus far has resulted in record imports into the region.
Thursday, 07 January 2021
Free ReadLast year, Russian exports slowed down considerably, largely due to limited demand from Europe.  In the first 11 months of 2020, Russia exported 25.3 mill tonnes of LNG by sea,…
Singapore’s LNG Alliance US subsidiary, Epcilon LNG, has received a non-FTA export permit from the US Department of Energy (DoE) for its Mexican Amigo LNG project.
Thursday, 07 January 2021
Texas LNG Brownsville has signed a long-term lease agreement with the Port of Brownsville.
Thursday, 07 January 2021
Greek natural gas player, DESFA has been awarded the operation and maintenance services contract for Liquefied Natural Gas Import (LNGI), the new LNG terminal owned by Kuwaiti state company, KIPIC.
Thursday, 07 January 2021
Free ReadThe Pakistan Government had booked 12 LNG cargoes to meet gas demand.  One cargo scheduled for 30th December was recently moved into January. In addition, some cargo volumes were increased.…
Thursday, 07 January 2021
French energy company Elengy and Hanseatic Energy Hub has or is planning to launch an open season.
Chinese Private energy company Huaying Natural Gas has started to construct an LNG terminal in southern China.
Thursday, 07 January 2021
Free ReadWE Tech Solutions has received orders to deliver its Solution One Economical Operations systems for at least eight LNGCs in the past few months.  The latest contract called for the…
Both ABS and LR have awarded AiPs for new LNG designs.
Thursday, 07 January 2021
Trading house Gunvor is to join an alliance to trade and ship LNG to Vietnam.
Thursday, 10 December 2020
Free ReadThe Panama Canal Authority could add more reserved LNGC transit slots in the future on the back of the increase in US exports, the agency said last week. Delays of…
The UK was the top destination for US LNG last month, due to a market contango and Panama Canal constraints, according to S&P Global Platts trade-flow data.

News Nudges

Three Arc7s transit the NSR this month

The Arc7 LNGC ‘Christophe de Margerie’, chartered by the Yamal LNG project, successfully completed an independent passage along the Eastbound part of the Northern Sea Route (NSR) on the 16th January. She reached the Bering Strait in 11 days with an average speed of 9.6 knots. ‘Christophe de Margerie’ was followed by another Arc7 ‘Nikolay Yevgenov’, which is currently completing her independent passage along the NSR. Both LNGCs will deliver around 140,000 tonnes of LNG produced at Yamal LNG to Asia/Pacific destinations. Simultaneously, another Arc7 ‘Nikolay Zubov’, sailing in the opposite direction bound for Sabetta after offloading her LNG cargo, entered the Westbound ice route along the NSR on the 6th January and subsequently reached Ob Bay on the 17th January. According to NOVATEK, all three Arc7s transited the ice covered part of the NSR, without icebreaker support, along the navigational routes recommended by the Russian State Research Centre, Arctic and Antarctic Research Institute and Atomflot’s marine operations headquarters.


SCF takes delivery of Shell LNGC

On 15th January 2021, PAO Sovcomflot (SCF) took delivery of ’SCF Timmerman’, a new 174,000 cu m LNGC. On the same day, the vessel sailed on her maiden voyage under a long-term time charter to Shell, which will provide SCF with an additional $165 mill of contract backlog. She is the third vessel in a series of Atlanticmaxes ordered by SCF in 2018. NOVATEK also announced that a steel cutting ceremony took place at the Zvezda Shipbuilding Complex for a new Arc7 to be built to ship LNG from NOVATEK’s Arctic LNG 2 project. The Arc7 was ordered by SMART LNG, a joint venture between NOVATEK and SCF. Arctic LNG 2 and SMART LNG had previously signed charter agreements for 14 similar Arc7s to be built at Zvezda. In a brief statement on its social media channels, Flex LNG said that it will bring forward the delivery of the 174,000 cu m LNGC ‘Flex Volunteer’. She was originally scheduled for delivery at the end of February, 2021, but due to the strength of the charter market, the company has decided to bring the date forward to the second half of January. COSCO Shipping Energy Transportation (CSET) was said to have ordered three 174,000 cu m LNGCs at Hudong-Zhonghua shipyard. The LNGCs were said to be valued at around $185 mill. In the charter market, as well as the record daily rate paid for an LNGC (see page 1), Awilco LNG has won a timecharter for the 2013-built 156,000 cu m ‘WilPride’. Due to start in the first half of February, the charter is for between two and three months, and will generate revenues of $10.3 mill to $14.3 mill. With an estimated breakeven of $58,000 per day, Awilco said the contract is estimated to generate liquidity of between $6.2 mill and $8.6 mill. Gas prices and spot LNG shipping rates have recently increased dramatically for several reasons, including cold weather, various production disruptions and fleet inefficiencies. Forward gas prices for the remainder of 2021 have recovered together with the predicted shipping rates. Awilco’s 2021 financial results are expected to improve on 2020, the company said.


For DNV GL read DNV

DNV GL, an assurance and risk management company with an interests in LNGCs, will change its name to DNV on 1st March, 2021. This move comes after a comprehensive review of the company’s strategy as it positions itself for a world in which many of DNV’s markets are undergoing fundamental change. The current name has been in place since the 2013 merger between DNV (Det Norske Veritas) and GL (Germanischer Lloyd).


LNGCs bridge windows protected

UK South Shields based Solar Solve has supplied its SOLASAFE roller sunscreens, to a series of eight LNGCs, built by Hyundai Heavy Industries (HHI). All of the 174,000 cu m vessels were constructed to exactly the same design and destined for Greek shipowners/managers Capital. SOLASAFE roller sunscreens are type approved by the four major class societies and tjhey are guaranteed for seven years. They are installed on the navigation bridge windows as a safety aid. When in use they will reject up to 87% of the infra-red light (heat), 99% of the UV light and 93% of the glare that passes through the windows into the enclosed space, significantly improving the working environment for the personnel inside. Solar Solve supplied 192 x 845 SOLASAFE screens to HHI during 2020, were installed at the wheelhouse windows of the eight LNGCs. Another 653 screens were installed on a further 33 vessels of various types.